All Middle East articles – Page 8
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ArticleTI reveals political power correlation to corruption
Lack of campaign finance transparency and increased perceptions of political power among the wealthy are factors that correlate with a high risk of corruption according to Transparency International’s 2019 Corruption Perceptions Index.
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ArticleICA announces regulatory and financial crime conference in Dubai
The International Compliance Association will host its inaugural MENA Regulatory and Financial Crime Compliance Conference in Dubai on March 1-2. His Excellency Ebrahim Obaid Al Zaabi, director general, Insurance Authority, will deliver the keynote address.
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ArticleOFAC designates new sanctions against Iran’s metals industry
Sanctions compliance officers should be on alert following several new sanctions designated by the Office of Foreign Assets Control against Iran’s largest steel, aluminum, copper, and iron manufacturers.
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ArticleU.S. government warns: Be prepared for Iran cyber war
The killing of Iranian general Qassem Soleimani in a U.S. airstrike may bring about cyber warfare, the U.S. government has warned in a security bulletin.
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ArticleTreasury sanctions 18 individuals connected to human rights abuse
The Office of Foreign Assets Control has added 18 individuals across six geographies to its Specially Designated Nationals list for their roles in serious human rights abuse. Six entities have also been added to the list.
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ArticleEricsson finalizes $1B FCPA settlement
Swedish telecom giant Ericsson has entered a $1 billion settlement with U.S. authorities to resolve a long-running investigation into violations of the FCPA that spanned 17 years and several geographies and involved high-level executives.
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ArticleIFAC: Strong support for international accounting standards
A first-of-its-kind report from the International Federation of Accountants shows “strong and sustained support” for both the adoption and implementation of international standards.
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New system opens up EU business trade with Iran
The United Kingdom, Germany, and France have created a new payments system to allow European businesses to trade with Iran without falling foul of U.S. sanctions.
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Iran just the beginning of sanctions compliance debacle
European companies are winding down investments in Iran as the European Union advises them to hang in there while it looks for ways around U.S.-imposed sanctions.
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ArticleA global look at corruption challenges
Prudent compliance and risk leaders should use the 2018 Corruption Challenges Index to assess a specific country’s corruption challenges risk. But it’s important to keep in mind that it is just one piece of analysis.