by TSG Editorial Staff | Oct 11, 2021 | Uncategorized
Away from the dominant headlines now flowing from the Pandora papers, is the news that UK publicly listed Petrofac had paid a USD 105 million (GBP 70 million) fine for corruption in the Middle East. The corruption scandal has been in the news for some years together...
by TSG Editorial Staff | Sep 14, 2021 | Uncategorized
In due diligence time is of the essence. Why is time such an inescapable element of due diligence ? A key principle of performing due diligence is that business delayed is business lost. Venture capitalists performing due diligence on investment targets know this too...
by TSG Editorial Staff | Sep 1, 2021 | Uncategorized
The cost of compliance is a perennial topic. HSBC is not alone in having years when compliance costs have climbed as profits fell. In one quarter alone of 2017 regulatory compliance costs rose by 12% to GBP 620 million. Part of that was the hire of an additional 1,800...
by TSG Editorial Staff | Aug 10, 2021 | Uncategorized
At least three official reports on matters related to Greensill have been published in July, namely an interim report by the Public Administration and Constitutional Affairs Committee, the Treasury Select Committee Report and thirdly the Nigel Boardman Independent...
by TSG Editorial Staff | Jul 13, 2021 | Uncategorized
The Colonial pipe-line ransomware attack earlier this year, and the FBI’s laudable success in recovering a large portion of the ransom paid, kept the focus on yo-yoing crypto currencies – whose year so far has been in Chaucer’s words, “Now up, now doun as boket...
by TSG Editorial Staff | Jun 21, 2021 | Uncategorized
A member of a compliance What’s App group to which I belong posed the question, “what happens if doubts arise about the accuracy of due diligence data ?” A good question without an easy answer. But I shall do my best. For most of us due diligence is a thing we do...
