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ARTICLE · 28 APRIL 2016

The Risk Of Tainted Funds

Clyde & Co
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If you suspect a business counterparty is implicated in bribery and corruption what should you do? How do you protect your business from being tainted by the actions of your counterparty?

United KingdomEnergy and Natural Resources
John Whittaker
John Whittaker
Anousheh Bromfield
Anousheh Bromfield
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If you suspect a business counterparty is implicated in bribery and corruption what should you do? How do you protect your business from being tainted by the actions of your counterparty? Are your assets at risk?

If you suspect a business counterparty is implicated in bribery and corruption what should you do? How do you protect your business from being tainted by the actions of your counterparty? Are your assets at risk?

One recent example is that of International Oil Company Unaoil, which is due to be investigated by the Iraqi Government after reports of bribes paid to officials in order to secure contracts. Officials acted after the SFO reportedly sent an urgent request for help to Iraqi officials. Companies that used the intermediary may now face investigations from the SFO.

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