Welcome back. It's lovely to see you again. James Panicki is my name. I'm a senior editor here at Emlex, and this is our weekly podcast covering the top issues in regulatory affairs with the assistance of our team of reporters around the world.

Thank you for taking the time to listen.

Today we have a special program for those with an interest in bribery and corruption as well as money laundering and the regulation thereof.

In just under 10 minutes from now I I'll be crossing to New York,

where our correspondent, Samuel Rubenfeld, will walk us through the significance of a new rule

from the Office of the Comptroller of the Currency. Just what is the OCC, I hear you ask.

Well, Sam will explain that and will reveal just why the banking regulator

is encouraging US companies to innovate in how they report suspicious transactions. It's a truly

interesting development. First up, though, to the UK, where contractors to a company that

bottled drinks for Coca-Cola, no less, have fallen foul

of the country's bribery Act. And it's not just the bribery itself that's newsworthy,

although that is certainly a good yarn. The story is being read as a cautionary tale for companies

failing to enforce and promote their anti-bribering corruption, safeguards and training.

Martin Coyle is a senior MLEX reporter in London, and he has written a piece of analysis on just what happened

and what it all means, and he joins us now.

So, Martin, tell me something about this case. What's it all about?

Yeah, hi, James. So this is a case that concluded last month that Southwark Court in London.

It was a bribery prosecution involving three UK businesses that received corrupt contracts from a bottling company contracted to Coca-Cola.

Coca-Cola Enterprises UK, to give it its full name, awarded electrical testing contracts totaling £13 million

between 2004 and 2013 to a trio of companies

one of them was called Bolting Group

and electrical and mechanical contractor

...