Financial Crime Financial Crime

Wood’s government loan got backing after scrutiny of financial-crime risks

By Martin Coyle
  • 23 Aug 2021 11:55
  • 24 Aug 2021 04:32
Engineering company Wood’s multimillion-pound backing by the UK government was approved after officials decided that any financial-crime risks could be managed, MLex has learned.
The government-backed loan came despite Wood agreeing to pay $177 million in a global resolution agreement with US, UK and Brazilian prosecutors over the payment of

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Martin Coyle

Senior Correspondent


Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

Discover MLex

Stay on top of global regulatory developments

Latest News