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Today: Anti-Corruption Digest in the News


The new home of the FCPA Newswire edited by Mike Kenealy
Sugarcoating extortion

Sugarcoating extortion

If the rule of law is not adequately enforced, it will be impossible to stanch corruption. In turn, it is not by chance that multinational companies face the most problems with bribery in countries with debased governments.

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Anti-Corruption

TD Bank and Sanctions Violations – Corruption, Crime & Compliance

TD Bank and Sanctions Violations – Corruption, Crime & Compliance

Sanctions enforcement continues to be a significant risk. With the focus on unraveling elaborate corporate ownership schemes, the risk … Read More

Wells Fargo’s Desperate Need for a Compliance and Business Ethics Function (Part III of III) – Corruption, Crime & Compliance

Wells Fargo’s Desperate Need for a Compliance and Business Ethics Function (Part III of III) – Corruption, Crime & Compliance

While reading the independent directors’ report on the Wells Fargo sales incentives scandal, you will be overwhelmed by the feeling of … Read More

Farewell to J. Geils – Final Compliance Function Lessons from Wells Fargo – Compliance Report

Farewell to J. Geils – Final Compliance Function Lessons from Wells Fargo – Compliance Report

You may not recognize the full name, John Warren Geils Jr., but you probably do recognize the name J. Geils, as in the J. Geils Band, … Read More

Sunshine Superman – When Culture is Not My Problem – Compliance Report

Sunshine Superman – When Culture is Not My Problem – Compliance Report

Today we honor folk-rocker Donovan and his signature song Sunshine Superman, which was profiled in the Wall Street Journal (WSJ) column Read More

The Axe Falls on Wells Fargo – A Scathing Independent Report (Part II of III) – Corruption, Crime & Compliance

The Axe Falls on Wells Fargo – A Scathing Independent Report (Part II of III) – Corruption, Crime & Compliance

In a scathing report (available here), the independent directors at Wells Fargo released their findings and actions based on a … Read More

Improving business behaviour in Africa

Improving business behaviour in Africa

Africa will host seven of the top 10 fastest growing economies in the world in the next five years, according to the International … Read More

Governance and Ethics


Wells Fargo’s Desperate Need for a Compliance and Business Ethics Function (Part III of III)

Wells Fargo’s Desperate Need for a Compliance and Business Ethics Function (Part III of III)

While reading the independent directors’ report on the Wells Fargo sales incentives scandal, you will be overwhelmed by the feeling of … Read More

Unresolved governance issue in Peel fuels talk of separation

Unresolved governance issue in Peel fuels talk of separation

The mayors of two of Canada’s largest cities agree regional governance in Peel isn’t working, but remain at odds over a solution.

President Xi’s book on governance to be launched today

President Xi’s book on governance to be launched today

Urdu version of the Chinese President Xi Jinping on ‘The Governance of China’ will be launched here today (Friday) at the Prime … Read More

Ethics complaint against Rebekah Mason dismissed

Ethics complaint against Rebekah Mason dismissed

In a letter to State Auditor Jim Zeigler dated Wednesday, Ethics Commission Director Tom Albritton said the Ethics Commission did not … Read More

Business Ethics Hold the Key to Lasting Success for a Business-Amit Dua

Business Ethics Hold the Key to Lasting Success for a Business-Amit Dua

With competition heating up across markets today, the effort required to succeed in a business has increased multifold. It is only … Read More

16 High-Tech Companies Setting the Standard for Business Ethics

16 High-Tech Companies Setting the Standard for Business Ethics

Increasingly, corporate responsibility in many leading organizations goes way beyond creating codes or green-washing corporate … Read More

Anti-Money Laundering


Money laundering: ED raids 30 CAs, 1 arrested for hiding Chhattisgarh ex-principal secretary’s illegal money

Money laundering: ED raids 30 CAs, 1 arrested for hiding Chhattisgarh ex-principal secretary’s illegal money

The Enforcement Directorate (ED) on Thursday conducted searches at premises of over Delhi-based 30 chartered accountants (CA) in … Read More

Man sentenced to prison for money laundering in Deere scrap scheme

Man sentenced to prison for money laundering in Deere scrap scheme

WATERLOO – A Cedar Falls man has been sentenced to prison in a scheme that underpaid for scrap metal generated by the local John Deere … Read More

Meet The Anti-Money Laundering Fintech Shaping The Industry

Meet The Anti-Money Laundering Fintech Shaping The Industry

The 2017 Benzinga Global Fintech Awards is a competition to showcase the companies with the most impressive technology that are paving … Read More

Russia Caves In on Bitcoin to Open Front on Money Laundering

Russia Caves In on Bitcoin to Open Front on Money Laundering

Only a year ago Russia’s Finance Ministry was threatening jail time to anyone using digital currencies.

Non-bailable Warrant Against Zakir Naik in Connection With Money Laundering Case

Non-bailable Warrant Against Zakir Naik in Connection With Money Laundering Case

Mumbai: A special court to hear cases under the Prevention of Money Laundering Act (PMLA) here issued a non-bailable warrant (NBW) … Read More

Hong Kong Fine Private UK Bank for Money Laundering Violations

Hong Kong Fine Private UK Bank for Money Laundering Violations

The HKMA claims that, between 2012 and 2015, Coutts’ Hong Kong branch failed to set up adequate procedures to identify clients at high … Read More

Cyber Risk


Russia Is Copying China’s Approach to Internet Censorship 

Russia Is Copying China’s Approach to Internet Censorship 

When you hear the words Russia and Internet, you probably think of Kremlin-backed hacking. But the Internet is also a powerful tool for Read More

Why Cyber Risk Governance Spans Whole Enterprise

Why Cyber Risk Governance Spans Whole Enterprise

Mike Shultz is the CEO and founder of Cybernance, a company that regulated industries, public companies, and government agencies rely … Read More

Rise in hospital cyber attack reports

Rise in hospital cyber attack reports

The figures come from NHS Digital, which oversees cyber security, and show an increase on 16 attacks in 2015.

‘Released docs on alleged NSA malware provide instructions for criminals’

‘Released docs on alleged NSA malware provide instructions for criminals’

Alleged NSA cyber-infiltration tools empower criminals and intelligence agencies to develop more in this direction, and could be used … Read More

Personal info at risk as cyber crooks target school districts

Personal info at risk as cyber crooks target school districts

Spencer Mathews went to work on Jan. 19 planning to check for weaknesses in Kountze ISD’s cybersecurity that computer hackers could exploit.

NYU Is Targeted by Russian Hackers

NYU Is Targeted by Russian Hackers

A Russian-speaking hacker calling himself Rasputin threatened to sell NYU student and faculty bank routing numbers, social security … Read More

Security Risks


Airport ground staff pose greatest risk to passenger safety

Airport ground staff pose greatest risk to passenger safety

Airport staff working in restricted areas despite holding convictions for serious crimes pose a major risk to passenger safety, a … Read More

The Android OS is Safer Than You Think, According to its Security Chief

The Android OS is Safer Than You Think, According to its Security Chief

Barely a week goes by without a new headline about a freshly uncovered vulnerability or new malware affecting millions of devices.

Why you should always pull on an ATM card slot before using it

Why you should always pull on an ATM card slot before using it

Using an ATM in South Africa comes with many risks, which include card swapping criminals stealing your bank card and fraudsters … Read More

What have health systems learned from ransomware attacks?

What have health systems learned from ransomware attacks?

Although Hollywood Presbyterian Medical Center became something of a poster child for ransomware’s impact on hospitals when it agreed … Read More

Australian ISP Fights DDoS Attack

Australian ISP Fights DDoS Attack

Australian ISP Melbourne IT has confirmed that it was hit by “a large DDoS attack” that disrupted its web hosting,

Creating the reality of unified risk oversight

Creating the reality of unified risk oversight

If there was one constant that resonated among those attending the Security Executive Council’s (SEC) two-day Next Generation Security … Read More

North America


Money Silences the Voices of the American People

Money Silences the Voices of the American People

Many years ago, the New York State legislature was considering a pro-choice bill, I sent my first letter to my representative, a name … Read More

Top bribery and corruption developments in 2017 for ADG companies

Top bribery and corruption developments in 2017 for ADG companies

In recent years, U.S. and Western European military spending has decreased as military spending in other parts of the world has risen. … Read More

How much incentive does a whisleblower need?

How much incentive does a whisleblower need?

Apparently, the US model encouraged the Nigerian government to come up with its own policy and financial incentives on whistleblowing.

Brad Birkenfeld on the department of justice and alleged UBS Tax fraud

Brad Birkenfeld on the department of justice and alleged UBS Tax fraud

Just how bad is the ongoing fraud in the banking system? Get ready for a mind-bowing expose by a former insider at UBS.Brad … Read More

Are e-commerce and Internet media shares good bets?

Are e-commerce and Internet media shares good bets?

Even as Amazon, Google and Facebook’s meteoric rise mesmerise Silicon Valley and Wall Street, I am awed by the hyper-growth potential … Read More

Defense rests in Dallas leader’s corruption trial

Defense rests in Dallas leader’s corruption trial

DALLAS (AP) – The defense completed presenting its case Thursday in the federal corruption trial of longtime Dallas County Commissioner Read More

Latin America


New Corruption Probe into 6 of Brazil’s World Cup Stadiums

New Corruption Probe into 6 of Brazil’s World Cup Stadiums

An investigation of Brazil’s biggest constructor found new evidence of possible corruption in the building and financing of half of the Read More

Brazil Cabinet members investigated in corruption probe

Brazil Cabinet members investigated in corruption probe

Brazil Supreme Court Judge Edson Fachin has dramatically expanded the scope of a nationwide corruption probe by ordering investigations Read More

Mexican Governor Fighting U.S. Extradition for Cartel Case

Mexican Governor Fighting U.S. Extradition for Cartel Case

According to information provided Italian authorities, Yarrington made a court appearance on Wednesday to announce his wishes against … Read More

Panama Papers investigation wins Pulitzer prize

Panama Papers investigation wins Pulitzer prize

The Panama Papers investigation into the offshore secrets of the rich and famous has been awarded a prestigious Pulitzer prize.

Brazil’s political class is in crisis as over 100 are investigated for corruption

Brazil’s political class is in crisis as over 100 are investigated for corruption

BRASILIA — Brazil’s Supreme Court has authorized an investigation of over 100 top politicians, implicating an entire swath of the … Read More

Michel Temer Government in Brazil Reels as Dozens Face New Graft Investigations

Michel Temer Government in Brazil Reels as Dozens Face New Graft Investigations

RIO DE JANEIRO — A judge on Brazil’s Supreme Court authorized new corruption investigations on Tuesday involving dozens of the … Read More

Asia


South Korea: Corruption & Self-Censorship

South Korea: Corruption & Self-Censorship

1. After the country celebrated its first female leader when Park Geun-hye became President in February 2013, she was removed from … Read More

Siah Hwee Ang: Asia is moving fast, but not necessarily in our direction |

Siah Hwee Ang: Asia is moving fast, but not necessarily in our direction |

I firmly believe that the pace of change is one of the reasons behind many people’s limited understanding of Asian markets and how they Read More

The dark side of Asia’s miracle growth

The dark side of Asia’s miracle growth

Corruption and collusion seem inevitably to go hand in hand with development and nation-building in Asia. They are the dark side of the Read More

North Korea high on agenda as Australian ministers travel to Japan

North Korea high on agenda as Australian ministers travel to Japan

A triumvirate of senior cabinet ministers — including Foreign Minister Julie Bishop, Defence Minister Marise Payne and Trade Minister … Read More

Greater Corruption in China? A Billionaire Says He Has Evidence

Greater Corruption in China? A Billionaire Says He Has Evidence

It happens in Russia — occasionally. An oligarch, made fabulously wealthy through the privatization of state assets, breaks ranks, … Read More

Malaysia: Now, go after all wealthy politicians, says Zuraida

Malaysia: Now, go after all wealthy politicians, says Zuraida

PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) has given itself every reason to investigate politicians who own … Read More

Europe


Mafia expert believes that the U.K is “the most corrupt country in the world”

Mafia expert believes that the U.K is “the most corrupt country in the world”

If you’ve read the book, or seen the TV show, you’ll know that Gomorrah is one of the most accurate, detailed and insightful depictions Read More

Pakistan, Ukraine to join hands in curbing corruption

Pakistan, Ukraine to join hands in curbing corruption

ISLAMABAD: Pakistan and Ukraine have principally agreed to join hands to ensure good governance, transparency, and to curb corrupt … Read More

Pope Francis delivers Easter Sunday Mass sermon in Rome

Pope Francis delivers Easter Sunday Mass sermon in Rome

ROME (CNN) — Pope Francis delivered the traditional Easter Sunday Mass sermon in Rome on Sunday with a call for an end to the “horror … Read More

Decision due for Westfield’s new $2.3bn London project

Decision due for Westfield’s new $2.3bn London project

Global retail landlord Westfield Corporation’s planning application for a new shopping centre in London’s south is expected to be … Read More

Italy’s Eni ‘serene’ over Nigeria kickbacks scandal

Italy’s Eni ‘serene’ over Nigeria kickbacks scandal

Rome – Italian giant Eni said on Thursday it was “serene” in the face of allegations it had bribed Nigerian officials to seal an oil … Read More

Uber, Cameron’s chumocracy and a culture of entitlement

Uber, Cameron’s chumocracy and a culture of entitlement

The EU referendum is still weeks away and David Cameron is master of all he surveys.

Middle East


Egyptian court jails Mubarak-era minister for corruption

Egyptian court jails Mubarak-era minister for corruption

An Egyptian criminal court sentenced former interior minister Habib el-Adly, who served under ousted President Hosni Mubarak, to seven … Read More

Bechtel linked to ‘corrupt’ Abu Dhabi group

Bechtel linked to ‘corrupt’ Abu Dhabi group

The family-owned US construction giant Bechtel has been linked to a middleman named in British courts as involved in corruption in Abu Read More

Egypt court jails former official for corruption

Egypt court jails former official for corruption

An Egyptian criminal court in Cairo sentenced Habib el-Adly, the former interior minister under former president Hosni Mubarak, to … Read More

Sabah Al Binali: On Adia, Arabtec and the value of corporate governance

Sabah Al Binali: 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

Billionaire vs. billionaire: Israel’s Steinmetz sues Soros

Billionaire vs. billionaire: Israel’s Steinmetz sues Soros

The plaintiff, BSGR, is controlled by diamond and mining magnate Beny Steinmetz, who according to Forbes is Israel’s 18th richest … Read More

Duterte assures businessmen in Qatar of corruption-free deals in PH

Duterte assures businessmen in Qatar of corruption-free deals in PH

QATAR-President Rodrigo Duterte assured businessmen here that he will not tolerate corruption in government and among investors in the … Read More

Africa


Acting Hawks head Matakata says she’ll focus on fraud, corruption cases

Acting Hawks head Matakata says she’ll focus on fraud, corruption cases

PRETORIA – Police Minister Fikile Mbalula on Thursday announced the appointment of Lieutenant-General Yolisa Matakata as the new acting Read More

The Bribery Corruption Case Involving The ABC Motsepe League Is Getting Deeper

The Bribery Corruption Case Involving The ABC Motsepe League Is Getting Deeper

It was reported recently by the Siya crew that the Disciplinary Hearing involving Maccabi had been postponed to April 20th as the … Read More

Mashaba alleges Ntlemeza is blocking Joburg corruption cases

Mashaba alleges Ntlemeza is blocking Joburg corruption cases

Johannesburg – A fight is brewing between Johannesburg’s mayor and the national head of the Hawks over the numerous corruption cases … Read More

Why the Nigerian Government Is Losing Corruption Cases

Why the Nigerian Government Is Losing Corruption Cases

As a result of the loss of corruption cases last week, many civil society organisations (CSOs) appear to agree with the federal … Read More

Zambia: K140 m corruption by ZRA, Chinese firm exposed

Zambia: K140 m corruption by ZRA, Chinese firm exposed

Our dossiers clearly indicate that Chinese companies have become conduits of plunder and paymasters for politicians and senior civil … Read More

Why corruption is not a ‘true crime’ in Kenya

Why corruption is not a ‘true crime’ in Kenya

The term “true crime” is not a legal term because in law a crime is a crime so long as a specific law declares certain act or omission … 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/#ixzz4eULZnqOB

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