Category: Martin Kenney blog

Martin Kenney: Why is the pressure on compliance professionals so intense?

Lindsay Columbo’s excellent post for the FCPA Blog (“How did due diligence ever become so complicated?”) articulated a set of thought-provoking observations that many of us working in the financial and legal sector, and who have compliance and KYC obligations, have been pondering for some time. Lindsay draws attention to a number of anomalies that […]

Martin Kenney on UK enforcement: Repay what you stole, or stay in prison

It is refreshing that a convicted fraudster, who is already serving a custodial sentence for his original crime, has had his sentence increased due to his failure to repay millions of dollars to his victims. The so-called Wolf of Wimbledon, Jeffrey Revell-Reade, who helped trick hundreds of British investors into buying worthless shares in a […]

Martin Kenney: Are cryptocurrencies the new Dutch Tulip mania?

The news earlier this month that Google was to follow Facebook and ban all ads for cryptocurrencies wasn’t entirely unexpected. However, it did say much about the way such innovative technology is being misused. The UK comedian and U.S. TV host John Oliver of Last Week Tonight fame, sought to explaincryptocurrencies on his show recently. […]

Martin Kenney: Eurovision scandal reveals weakness of UBO registers

As if to prove my point that open/public company ownership registers are only as good as the information declared and recorded, news broke last month that a UK office block was home to more than 100 potentially shady companies listed there. The building holding all these companies is a small office block located in the […]

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. […]

There’s no quick fix remedy to tackle wilful defaulters

Unless active steps are taken by law enforcement, by building and deploying multi-disciplinary teams of asset recovery professionals, the list of wilful defaulters will increase On December 31, 2016, Finance Minister Arun Jaitley informed Parliament that there was a total of 9,130 wilful defaulters who collectively owed banks in the region of Rs 91,155 crore […]