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NEWS: US SEC fines Oracle $23M (€23.3M) in ‘slush funds’ bribery investigation

Premium October 6, 2022
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NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

INSIGHT: Corporate secrecy ‘scourge’ in fight against fincrime, time for fully public BO registers, says Financial Times

By Alisha Houlihan for AMLi

The US Securities and Exchange Commission (SEC) has fined technology corporation Oracle Corp, $23M (€23.2M) to settle claims its units in Turkey, the United Arab Emirates and India were using funds set aside to bribe foreign officials.

As part of the investigation, Oracle was accused of violating the Foreign Corrupt Practices Act (“FCPA”) between 2014 and 2019.

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NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

INSIGHT: Corporate secrecy ‘scourge’ in fight against fincrime, time for fully public BO registers, says Financial Times

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