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 bribes by its

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