Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Spain and the fight against royal corruption

Tom Fox | February 21, 2017

The global fight against bribery and corruption saw some positive events recently. One involved the brother-in-law from the King of Spain, who was sentenced to jail after a guilty finding of fraud and corruption. Reports indicated that Inaki Urdangarin, husband to Princess Cristiana, the sister of the King of Spain, was involved with illegal conduct during his tenure as the head of a non-profit institute that developed sporting and tourism-related tours and event.  While prosecutors had asked for a jail term of up to 19 years, the court delivered a sentence of six years in jail. The Princess was found not guilty of criminal tax fraud and was found civilly liable, ordered to pay a €265,000.

The verdict was widely applauded in Spain where the phrase “no one is above the law” is not as well-taken as it is in common law countries. It was the first...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.