Tag Archives | Banking sector

Do settlements for corporate financial malfeasance work?

21 August 2014 in Accountability, Anti-corruption movement, Civil society, Cost of Corruption, G20, Private sector

This week Standard Chartered Bank reached a second settlement with regulators in New York for failing to monitor suspicious financial transactions. It had also promised to tighten up its anti-money laundering processes when it admitted violating US banking rules on transactions with countries under sanction including Sudan and Iran. Perhaps it didn’t get the message. […]

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A Treatise of Banking Nature

30 April 2013 in Accountability, Private sector

When the publication of his Treatise of Human Nature met with almost universal indifference, Scottish philosopher David Hume remarked glumly that it “fell still-born from the press”. Anthony Salz – Rothschild banker and City of London grandee – will understand those sentiments after the rather muted reaction to his own tome on human nature, a […]

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The banks of Cyprus and the pursuit of integrity

20 March 2013 in Europe and Central Asia, European Union, Financial Markets

The bail out of the troubled banking sector in Cyprus has taken on serious political overtones as the crisis deepens. During the past few weeks Cyprus has been accused of failing to combat money laundering and fraud and that Russian oligarchs seek refuge for their money in this “tax haven” country. Now the strongest members […]

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