Combining the innovative platform with our global expertise in the risk and compliance space, we provide our clients the assurance that their third-party risks are identified, mitigated and managed on an ongoing basis. ICBC Standard Bank is to pay fines of $ 25.2 m to Standard Bank and $7m to the Tanzanian government for failing to prevent bribery. A $6m payment was made by two executives employed by a former sister company of the UK Treasury , Stanbic Bank Tanzania, in March 2013 , to Enterprise Growth Market Advisors; regulators say the payment was to bribe members of the Tanzanian government to show favour to Stanbic Tanzania .
ICBC Standard Bank is to pay fines of $ 25.2 m to Standard Bank and $7m to the Tanzanian government for failing to prevent bribery. A $6m payment was made by two executives employed by a former sister company of the UK Treasury , Stanbic Bank Tanzania, in March 2013 , to Enterprise Growth Market Advisors; regulators say the payment was to bribe members of the Tanzanian government to show favour to Stanbic Tanzania .