Arachnys harnesses the world’s information to make the world a safer place. We are passionate about helping financial institutions revolutionize the way bad actors are thwarted -- to secure our collective futures. And everyone who works at Arachnys shares a common destination to deliver on that vision -- we strive to build superior Know Your Customer (KYC), Anti-Money Laundering (AML) and Enhanced Due Diligence (EDD) solutions, and a great company that does good in the world.
And finally, The Economist has published a piece on the current state of anti-bribery prosecutions worldwide. Recent investigations as well as settlements have raised questions over whether the FCPA-centric enforcement regime delivers justice and creates the right incentives for those under suspicion. The author also notes that, until 2007, no fine under the FCPA exceeded $50m, whereas now fines are often up to ten times this sum.
New sources: 75
Source of the week: Abidjan.net, a conservative Ivorian newspaper, publishes obligatory legal announcements. These include notices of incorporation, liquidation and sales.
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