Category: Corruption

Are Public UBO Registers a Good or a Bad Proposition?

Today’s guest post, from Martin Kenney, the Managing Partner of Martin Kenney & Co., a law firm based in the British Virgin Islands (BVI), continues an ongoing debate/discussion we’ve been hosting here at GAB on the costs and benefits of public registries of the ultimate beneficial owners (UBOs) of companies and other legal entities. That […]

COMMENTARY — UK’s registry move draws fire

Those who hanker for a transparent world where everybody knows each other’s business are now on a roll. Having browbeaten the House of Commons into enacting a statute seeking to impose public ultimate beneficial ownership registers on the United Kingdom’s overseas territories, such as the Virgin Islands, there are moves afoot to legally fortify this […]

UK’s targeting of Russian oligarchs as a national security threat is a sham

Russia and its oligarchs are not alone in their kleptomaniac, money-laundering endeavours. Those who hanker for a transparent world where everybody knows each other’s business are now on a roll. Having browbeaten the House of Commons into enacting a statute seeking to impose public ultimate beneficial ownership (UBO) registers on the UK’s overseas territories, such […]

Martin Kenney: ConocoPhillips exposes the Venezuela kleptocracy

The breaking news is that U.S. petroleum company, ConocoPhillips, headquartered in Texas, has been authorized by a Curacao court to seize in the region of $636 million in assets belonging to Petróleos de Venezuela, S.A (Venezuela’s state oil company, or PDVSA). The dispute arises out of the 2007 nationalization of the U.S. company’s projects in […]

Martin Kenney: Hey, the G-7 countries sell passports too

They are regularly described as “Golden Visas,” a take on the popular Roald Dahl tale of the lucky finders of the golden ticket granting entry to Charlie Bucket’s chocolate factory. Like the children’s book and subsequent films, there is the potential for a dark side to materialize out of the numerous Citizenship for Investment Programs […]

Why do 99% of cybercrime fraudsters escape justice in the UK?

Some online frauds are so simple to execute it questions why criminals would even consider robbing a bank. A shocking report this month revealed that 99% of all cybercriminals escaped justice in the UK. This is a staggering figure and paints a gloomy picture for those victims falling foul of online scams. The country’s top […]

The European Union needs to confront the cancer of corruption before more brave journalists are murdered

Investigative journalists probing fraud and corruption in Malta and Slovakia have been assassinated in recent weeks. Barely a few months after the assassination of Maltese journalist, Daphne Caruana Galizia, news of another journalistic assassination is breaking from Slovakia. I have commented previously on the Galizia murder, and was not expecting this sinister trait to continue. […]