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The new home of the FCPA Newswire edited by Mike Kenealy
U.S. judge dismisses case against Wal-Mart over Mexico bribery

U.S. judge dismisses case against Wal-Mart over Mexico bribery

Wal-Mart Stores Inc (WMT.N) on Monday won the dismissal of a U.S. lawsuit accusing the world’s largest retailer of defrauding shareholders in its Wal-Mart de Mexico unit by concealing its suspected bribery of public officials in Mexico.

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Sugarcoating extortion

Anti-Corruption


 Bombardier Sweden Investigated for Alleged Bribery in Azerbaijan

Bombardier Sweden Investigated for Alleged Bribery in Azerbaijan

A major Swedish engineering company, Bombardier Transportation AB, is suspected of channeling millions of dollars in bribes to … Read More

FCPA Remediation Focus on Supervisory Personnel – Corruption, Crime & Compliance

FCPA Remediation Focus on Supervisory Personnel – Corruption, Crime & Compliance

The Justice Department’s FCPA enforcement and remediation focus on supervisory personnel is an interesting development.

Operationalizing Data in a Compliance Program – Compliance Report

Operationalizing Data in a Compliance Program – Compliance Report

The use of data in compliance programs continues to be held up as either a siren’s song or a goal which simply cannot be achieved. Most Read More

Compliance Lessons from Sgt. Pepper’s – Compliance Report

Compliance Lessons from Sgt. Pepper’s – Compliance Report

This week marks the 50th anniversary of perhaps the most iconic album cover in the history of rock and roll, Sgt. Pepper’s Lonely … Read More

What DFS Cybersecurity Regulation Portends for the Compliance Practitioner – Compliance Report

What DFS Cybersecurity Regulation Portends for the Compliance Practitioner – Compliance Report

The state of New York’s Department of Financial Services (DFS) issued the first state-level regulations on cybersecurity for financial … Read More

What makes a first-class training programme?

What makes a first-class training programme?

Firstly, an admission: I love training. Not being trained, you understand, but rather training others. (I actually don’t like being … Read More

Governance and Ethics


 HK’s SFC Enforcement Activity Against Individuals Jumps by 55 Percent

HK’s SFC Enforcement Activity Against Individuals Jumps by 55 Percent

Hong Kong’s Securities and Futures Commission (SFC), has substantially increased its enforcement activity against individuals in the … Read More

Former Enron exec advises TCU students to do the right thing in business

Former Enron exec advises TCU students to do the right thing in business

Andy Fastow has two props he uses in speeches to explain how he ended up as one of the country’s most famous corporate criminals.

Companies’ reputations hinge on corporate governance, now more than ever, according to a new Reputation Institute poll

Companies’ reputations hinge on corporate governance, now more than ever, according to a new Reputation Institute poll

A company’s products and services are still the main drivers behind its reputation, but is no longer enough to win over the general … Read More

In Romania, Swept by Protests, Compliance Training Finds Willing Ears

In Romania, Swept by Protests, Compliance Training Finds Willing Ears

On March 7 and 8, General Dynamics, joined by TRACE International and the Romanian Chamber of Commerce and Industry, found 150 … Read More

Simpson Manufacturing Approves Corporate Governance Changes

Simpson Manufacturing Approves Corporate Governance Changes

PLEASANTON, Calif., March 28, 2017 /PRNewswire/ — Simpson Manufacturing Co. Inc. (SSD) announced that shareholders overwhelmingly … Read More

On Adia, Arabtec and the value of corporate governance

On Adia, Arabtec and the value of corporate governance

I read in the news that the Abu Dhabi Investment Authority has sued the Brazilian energy firm Petrobras over alleged corruption issues … Read More

Anti-Money Laundering


Black into white: Inside money laundering

Black into white: Inside money laundering

That was in 2008, the heady year of catastrophe. The financial system had nearly collapsed, with the stock market shut and banks seeing Read More

Russian govt targets money laundering, terrorism sponsorship with new proposals

Russian govt targets money laundering, terrorism sponsorship with new proposals

The Russian government has drafted a bill that, if passed, would oblige auditors to report any operations conducted by their clients … Read More

‘Money Laundering undermines State finance’

‘Money Laundering undermines State finance’

Money laundering is a global problem. Moreover, such illicit funds are often used to finance criminal enterprises that undermine the … Read More

Russia Is Not Cooperating With US Probe Of Massive Money Laundering Scheme, DOJ Says

Russia Is Not Cooperating With US Probe Of Massive Money Laundering Scheme, DOJ Says

Russian officials are not cooperating in a US-based money laundering probe connected to a massive Russian tax fraud, the Department of … Read More

It’s All About Relationships: A Cost-Effective Boost To Anti-Money Laundering Compliance

It’s All About Relationships: A Cost-Effective Boost To Anti-Money Laundering Compliance

In a previous blog post, we looked at the problems and inefficiencies (such as huge numbers of false positive alerts) inherent in the … Read More

Feds may enlist advisors in battle against money laundering

Feds may enlist advisors in battle against money laundering

As President Donald Trump continues his rollback of regulations, the fate of one that would hold financial advisors accountable for … Read More

Cyber Risk


70 Percent of IRS Phone Tax Scams Involve iTunes Gift Cards

70 Percent of IRS Phone Tax Scams Involve iTunes Gift Cards

As the April 18 income tax filing deadline quickly approaches, many taxpayers are looking forward to the end of tax season. But for … Read More

Cyber Risk in Asia: Increasing Transparency to Limit Vulnerability

Cyber Risk in Asia: Increasing Transparency to Limit Vulnerability

Asia is an ideal environment for cybercriminals to thrive in due to high digital connectivity and the accelerating pace of digital … Read More

Cyber risks and government pools. Too soon?

Cyber risks and government pools. Too soon?

With penetration of cyber risk re/insurance increasing and seen as a huge opportunity for the market, questions turn to how best to … Read More

Deloitte to expand cyber risk platform for industrial control systems, operational technologies security

Deloitte to expand cyber risk platform for industrial control systems, operational technologies security

to expand its cyber risk platform for end-to-end industrial control systems (ICS) and operational technologies (OT) security with next Read More

SMEs do not train staff on cyber security risk

SMEs do not train staff on cyber security risk

Data from cyber insurance provider CFC Underwriting, a cyber insurance provider, has found that 38% of its claims in 2016 could have … Read More

When it comes to cyber risk, private equity is not immune

When it comes to cyber risk, private equity is not immune

There has been a lot of talk on cybercrime this year, with well-publicised attacks on major companies such as Santander, Yahoo, and … Read More

Security Risks


The Staggering Cost of a Bad Hire

The Staggering Cost of a Bad Hire

Hiring isn’t easy. And so, when a position has been open for a few months and things are getting tight, it can be tempting to hire … Read More

Economic Report Predicts Rise in Global Counterfeiting

Economic Report Predicts Rise in Global Counterfeiting

The global trend in counterfeiting and piracy is forecast to increase during the decade with China at the heart of production of fake … Read More

The wine detective battling counterfeiters

The wine detective battling counterfeiters

He then shines a blue ultraviolet light at the bottle, before picking it up and weighing it in his hands.

Afghanistan to Get Helicopters, Aircraft as Part of Security Plan

Afghanistan to Get Helicopters, Aircraft as Part of Security Plan

Afghanistan is expected to get up to 200 helicopters and other aircraft as part of a four-year plan to improve the nation’s security … Read More

AI will transform information security, but it won’t happen overnight

AI will transform information security, but it won’t happen overnight

Although it dates as far back as the 1950s, Artificial Intelligence (AI) is the hottest thing in technology today.

9 biggest information security threats through 2019

9 biggest information security threats through 2019

The information security threat landscape is constantly evolving. To help you navigate the terrain, each year the Information Security … Read More

North America


Fraud investigation targets Entraide offices

Fraud investigation targets Entraide offices

Laval Police criminal investigators, together with members of the city’s new probity and ethics squad, conducted a search of Entraide … Read More

City turns over new batch of documents in City Hall corruption scandal

City turns over new batch of documents in City Hall corruption scandal

ATLANTA – The city has turned over a new batch of paperwork in the Atlanta City Hall Corruption Scandal.

FBI enlists public’s help to continue to fight against corruption

FBI enlists public’s help to continue to fight against corruption

SAN ANTONIO — Public corruption is the Federal Bureau of Investigation’s number one priority.

Aaron Schock: Informant in ex-congressman’s corruption case broke law, attorneys claim

Aaron Schock: Informant in ex-congressman’s corruption case broke law, attorneys claim

WASHINGTON – A staffer working for former U.S. Rep. Aaron Schock secretly provided the government with a trove of emails, credit card … Read More

Dynasoft Synergy CEO Jayavel Murugan, owner of Silicon Valley staffing firm, and Syed Nawaz charged with H-1B visa fraud

Dynasoft Synergy CEO Jayavel Murugan, owner of Silicon Valley staffing firm, and Syed Nawaz charged with H-1B visa fraud

The two men obtained H-1B visas for more than a dozen individuals and falsely claimed the workers had jobs at Stanford University, … Read More

Man sentenced in Las Vegas for role in penny stock fraud scheme

Man sentenced in Las Vegas for role in penny stock fraud scheme

Former Pahrump businessman Jeffrey Turino was sentenced Monday to the six years he already has spent in custody for his role in a … Read More

Latin America


Ministro nega que Brasil tenha “inventado” ou “exportado roda da corrupção”

Ministro nega que Brasil tenha “inventado” ou “exportado roda da corrupção”

O nome dado no Brasil à investigação sobre a corrupção na Petrobras atravessou as fronteiras do país após a revelação de que a … Read More

Brazil: Dez medidas contra corrupção voltam à apreciação do Senado

Brazil: Dez medidas contra corrupção voltam à apreciação do Senado

BRASÍLIA- O Senado poderá retomar a partir desta quarta-feira a tramitação do projeto de iniciativa popular das dez medidas contra a … Read More

Fraude en Carabineros: Fijan prisión preventiva a 4 imputado

Fraude en Carabineros: Fijan prisión preventiva a 4 imputado

Fue durante la audiencia en la Cuarta Sala de la Corte de Apelaciones, donde se revisaron las medidas cautelares de impurtados en el … Read More

Implicados en millonarios sobornos de Odebrecht están sin fondos

Implicados en millonarios sobornos de Odebrecht están sin fondos

Las autoridades se han encontrado con un factor común entre los implicados en el escándalo por el pago de sobornos de Odebrecht, a la … Read More

Detienen a ex director de Petrobras acusado de soborno

Detienen a ex director de Petrobras acusado de soborno

Petrobras

Narcotráfico y corrupción son los delitos de lavado de activos de mayor riesgo para Chile

Narcotráfico y corrupción son los delitos de lavado de activos de mayor riesgo para Chile

Luego se ubican el contrabando y las infracciones a las leyes de Bancos y de Mercado de Valores.

Asia


MACC opens 50 investigation papers into graft cases in IPTAs, 18 nabbed

MACC opens 50 investigation papers into graft cases in IPTAs, 18 nabbed

ALOR GAJAH: The Malaysian Anti-Corruption Commission (MACC) opened 50 investigation papers and detained 18 people to assist with cases … Read More

Taiwan’s score on regional corruption index improves

Taiwan’s score on regional corruption index improves

Taipei, March 29 (CNA) Taiwan has made a slight improvement in combating corruption in the Asia-Pacific region, as indicated by its … Read More

Malaysian football not free of corruption says national agency

Malaysian football not free of corruption says national agency

Malaysian football needs to work harder to ensure the integrity of the sport, according to the Malaysian Anti-Corruption Commission … Read More

Pulse: Corruption in Indian politics

Pulse: Corruption in Indian politics

India is known as the world’s largest democracy, but one which also suffers from the problem of corruption. In recent elections, in the Read More

Thai Official Receives Jail Term For Bangkok Festival Corruption

Thai Official Receives Jail Term For Bangkok Festival Corruption

Juthamas Siriwan, the Thai official who took bribes from the U.S. organizers of the now-defunct Bangkok International Film Festival, … Read More

Setback for China’s war on graft as Australia cancels vote on extradition treaty

Setback for China’s war on graft as Australia cancels vote on extradition treaty

AUSTRALIA cancelled a vote on Tuesday to finally ratify an extradition treaty with China, 10 years after it was signed, with the … Read More

Europe


Corporate Compliance Programs: US and UK Perspectives

Corporate Compliance Programs: US and UK Perspectives

The U.S. Department of Justice (“DOJ”), Fraud Section recently published a list of topics and questions that it has “frequently found … Read More

Cyprus still haunted by money laundering claims

Cyprus still haunted by money laundering claims

Cyprus’ reputation is taking a hammering abroad with past sins related to money laundering being rehashed and presented as current … Read More

Romanian Ex-Minister Sentenced to Six Years for Bribery

Romanian Ex-Minister Sentenced to Six Years for Bribery

Urdea, a former presidential candidate and close political ally of former president Traian Basescu, was convicted on charges of bribery Read More

State employees to be more corruption

State employees to be more corruption

To improve the education and status of office workers the protection of whistleblowers and to make civil servants resistant to … Read More

‘Of course, corruption is not good. But people are complex’

‘Of course, corruption is not good. But people are complex’

To say that Romanian cinema punches above its weight would be an understatement bordering on the bigly. Since the mid-aughts, the … Read More

Anti-Corruption Protests Shake Moscow

Anti-Corruption Protests Shake Moscow

Hundreds arrested in anti-corruption protests in Russia, including Putin opposition leader Alexei Navalny. We’ll look at this latest … Read More

Middle East


Corruption cases decline by 7.5 per cent in Oman

Corruption cases decline by 7.5 per cent in Oman

Muscat: There has been a 7.5 per cent decline in the number of corruption cases in Oman in 2016 compared to 2015, the Public … Read More

The corruption scandal making Erdogan’s life even tougher

The corruption scandal making Erdogan’s life even tougher

The New York police arrested the deputy chief of Turkey’s fifth-largest bank this week for suspected involvement in transferring … Read More

Daimler trying to dispel Dieselgate fears

Daimler trying to dispel Dieselgate fears

Daimler shareholders have had little reason to criticize the carmaker’s latest sales drive. But during their annual meeting in Berlin, … Read More

Netanyahu is in the driver’s seat, but Israelis don’t know where he’s headed

Netanyahu is in the driver’s seat, but Israelis don’t know where he’s headed

Once again, Israel stood up to its nickname, Startup Nation, when two weeks ago Intel paid the awesome sum of $15.3 billion to acquire … Read More

Hope for elephants as ivory prices fall

Hope for elephants as ivory prices fall

Nairobi: The price of ivory has fallen by nearly two-thirds in the last three years, according to research conducted in China and … Read More

Saudi Arabia Approves New Corporate Governance Regulations

Saudi Arabia Approves New Corporate Governance Regulations

The publication of the Regulations is driven by the continued effort to attract additional foreign investment into the Kingdom and to … Read More

Africa

Kenya: When Fighting Graft Is Like Washing a Pig

Kenya: When Fighting Graft Is Like Washing a Pig

In a cartoon that appeared in the Nation on March 14, the cartoonist depicted Wanjiku (ordinary Kenyan) wishing that the government, … Read More

Nigerian governor jailed for corruption on bail

Nigerian governor jailed for corruption on bail

YOLA, Nigeria (AP) – A former Nigerian governor sentenced to five years’ jail for corruption has been granted bail to seek medical care Read More

Kenya’s home of old-school graft – Daily Nation

Kenya’s home of old-school graft – Daily Nation

Taxpayers have likely lost Sh40 billion in a project to build a new 450-kilometre fuel pipeline between Mombasa and Nairobi, the Nation Read More

Arik, Aero failed corporate governance test, says AMCON

Arik, Aero failed corporate governance test, says AMCON

The Asset Management Corporation of Nigeria (AMCON) has criticised previous managers of Arik Air and Aero Contractors for negligence of Read More

I am firmly against corruption

I am firmly against corruption

My attention has been drawn to a misleading video clip of less than 2 minutes, taken out of a more than 3 hour3-hourdiscussion I … Read More

Nigeria Needs WMD to Wipe out Corruption

Nigeria Needs WMD to Wipe out Corruption

Oshiomhole spoke as the guest speaker at the first National Anti-Corruption Stakeholders’ Summit organised by the Economic and … Read More


About Anti-Corruption Digest

Anti-Corruption Digest is your source for international risk and compliance related news, insights and best practices. Anti Corruption Digest features various corporate compliance issues such as money laundering, business ethics, government ethics, compliance, and cyber risks from around the world. Anti-Corruption Digest is the new home of the Foreign Corrupt Practices Act (FCPA) Newswire edited by Mike Kenealy. Follow us on Social Media.

Read more: Anti-Corruption Digest International Risk & Compliance News http://anticorruptiondigest.com/#ixzz4czJHO5jD
By

Robert Williams

Editor in Chief

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