On 8 July, Global Trade Review reported that the UK’s official export credit agency says that it carries out rigorous and ongoing due diligence on all transactions it supports, after anti-corruption investigators warned of “multiple red flags” in its activities in Sub-Saharan Africa. This followed a UK-focused campaign group saying that stress-testing of the agency’s latest anti-bribery and corruption procedures suggests it is “taking on extraordinarily high risk” across much of its current portfolio. The group said that, of 11 recent UKEF-backed deals, 3 posed “exceptionally high” risks in terms of corruption or bribery, involving trade with Angola, Ghana and Uganda and carried a total value of over £270 million. The article details the concerns expressed




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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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