Financial Transparency Coalition

Reuters Financial Blogger Felix Salmon today defended the decision by the United States to not prosecute individuals at HSBC for money laundering violations.

Felix Salmon, always someone with an interesting take on issues, takes a look at Wal-Mart's ethics policy. Given what came out in the New York Times this weekend about Wal-Mart's alleged $24 million bribery and cover-up scandal, you might expect Wal-Mart to have a toothless and empty ethics policy for high-level employees. The reality appears to be different. As Felix Salmon explains, an employee named Julie Roehm, senior enough to handle the search for a company to handle a billion dollar account, was fired for allowing that company to buy her dinner.