Region: Ukraine

Rolls Royce explains DoJ inquiry

Rolls Royce has clarified its disclosure of an inquiry by the US Department of Justice (DoJ). The car and engine manufacturer mentioned the DoJ investigation in its annual report, released on 5 March, but has since said it has not been informed of a formal investigation by the US enforcers.

06 March 2014

Switzerland probes Yanukovych money-laundering allegations

The Swiss prosecutor’s office in Geneva announced on Friday it has opened a criminal investigation into alleged aggravated money laundering by ousted Ukrainian president Viktor Yanukovych and his son Oleksandr.

03 March 2014

Ukraine unrest heightens bribery risk

As corruption and money laundering risk alerts are sent out in the US and UK in response to political unrest in Ukraine, observers tell GIR that companies are likely to face increased bribery risks too.

28 February 2014

Transparency International warns of Ukrainian money laundering

Anti-corruption organisation Transparency International has sent a letter to the UK chancellor George Osborne highlighting the risk of money being laundered from Ukraine into the UK. The non-government organisation warned Osborne that companies such as financial services providers and luxury estate agents should be prepared to carry out investigations of customers if necessary.

24 February 2014

Ukraine agrees to create anti-corruption ombudsman, says EBRD

The collapse in trade negotiations between the European Union and the Ukrainian government will not affect the former Soviet state’s proposed anti-corruption agreement with the European Bank for Reconstruction and Development (EBRD).

29 November 2013

Ukraine to increase anti-corruption efforts

The Ukrainian government will introduce an independent body that will handle corruption complaints from companies to complement its anti-corruption law reforms.

11 November 2013

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