Archives > 2008-03

According to the last OECD report that was approved and adopted by the Working Group on Bribery in International Business Transactions on 20 March 2008, Luxembourg urgently needs to establish liability against legal persons for foreign bribery and put in place sanctions that are effective, proportionate and dissuasive, according to a report by the OECD's Working Group on Bribery. The bill currently before Parliament, designed to introduce this responsibility in Luxembourg law, should be amended to ensure that it meets the requirements of the OECD Anti-bribery Convention. Despite a...

The FATF recently published astudy that examines the means used by terrorists to raise funds and the wide variety of methods used to move money within and between organisations. The adaptability and opportunism shown by terrorist organisations suggests that all the methods that exist to move money around the globe are to some extent at risk. It covers the following areas : THE TERRORIST...

Every year the International Narcotics Control Strategy Report is published by the American Department of State (Bureau of International Narcotics and Law Enforcement Affairs). The 2008...

The New York Times has this week published a letter from Robert M. Morgenthau, District Attorney. " The economically developed countries need to impose severe sanctions on the tax havens and...

The FATF recently published a brochure to support low capacity countries (LCCs) in implementing the FATF standards in a manner reflecting their national institutional systems in a way that is...