The crypto industry has exploded in recent years, and authorities in different countries have been reacting in very different ways. Some have banned cryptocurrencies, while others are embracing them to varying degrees. Some are working hard to align their anti-money laundering regulations with FATF standards, while others are turning a blind eye. A few countries have confiscated huge quantities of crypto assets linked to crime and money laundering.
A new sector-wide integrity programme seeks to transform and harmonise standards of ethics and compliance across all Moscow City Transport organisations.
Alexandr Rusetskiy, a Deputy General Director in the Moscow Directorate of Transport Services, together with Ilsur Akhmetshin of the Compliance-Elements partnership, explain the motivation, approach and challenges in this effort to bring state-of-the-art anti-corruption practices to the sector and beyond.
The Industry Program for Development of Anti-Corruption Compliance and Business Ethics in Moscow Transport Organizations is a fundamental document according to which the anti-corruption policy of both the entire Moscow transport industry and of specific organizations within its structure is implemented.
This article arises from the work of the Basel Institute's Public Governance team on informal governance. It was produced by research partners at the ESCP Business School (Paris) and the EDC Paris Business School (Courbevoie), France.
I recently participated in a panel on the role of non-state actors in the recovery of stolen assets and proceeds of corruption at the 2020 International Anti-Corruption Conference, at which I presented the so-called “Russian arms dealer case”. The case is relatively small in monetary terms – around USD 700,000 plus interest – but hugely significant in terms of asset recovery efforts and international co-operation.
I recently spoke about Collective Action as part of a virtual panel discussion along with Andrey Tsyganov, Deputy Minister of Russia's Federal Antimonopoly Service, on the topic of New Russian Antimonopoly Regulations. The webinar was organised by the Russian Business Ethics Network and The Wharton School of the University of Pennsylvania Zicklin Center for Business Ethics Research, and is available on YouTube here.
Russian small- and medium-sized enterprises (SMEs) have repeatedly cited corruption as the main factor hindering their growth. In the 1990s and early 2000s, Russian entrepreneurs paid bribes for certain extralegal activities to secure an advantage over competitors, to induce bureaucrats to overlook infractions of the law, or to speed various regulatory or licensing processes. In the past several years, however, the dynamic has shifted radically, according to local experts who study the issue closely.
Russia’s risk level in the Basel AML Index has hit a record low following a December 2019 Financial Action Task Force (FATF) assessment that rated the country’s anti-money laundering and counter terrorist financing (AML/CFT) systems as reasonably effective.
This report presents background information to participants of the OECD Russia Corporate Governance Roundtable organised for the 19th November 14 in Moscow, Russian Federation.
The report addresses the issue of related party transactions on an international scale and in Russia. It outlines the international context in which related party transactions are regulated across jurisdictions.
The ICCA continues to work closely with the Russian Compliance Alliance (RCA), whom it welcomed as its first official member to the B20 Collective Action Hub in late 2014, to promote the RCA’s Collective Action initiative.
The RCA's initiative is based on a non-commercial web-based self-evaluation questionnaire that seeks to create an international anti-corruption compliance standard for emerging economies, analogous to the ISO Quality Standards model.