Anticorruption

Anti Corruption Digest Today in the World


The new home of the FCPA Newswire edited by Mike Kenealy
DOJ’s Compliance Program Evaluation: the Role of the CCO (Part II of IV) – Corruption, Crime & Compliance

DOJ’s Compliance Program Evaluation: the Role of the CCO (Part II of IV) – Corruption, Crime & Compliance

DOJ’s Compliance Evaluation highlights important trends in the role and independence of the Chief Compliance Officer. DOJ has stopped short of requiring direct reporting of a CCO to a CEO or other senior officer but it is inching closer to such a demand.

Featured Articles


The Growing Threat of Alternative Remittance Systems

Anti-Corruption

 Scots firm in multi-million-pound Russian corruption scandal

Scots firm in multi-million-pound Russian corruption scandal

A SCOTTISH firm is at the centre of yet another major corruption investigation in Russia, sparking new concerns over the country’s … Read More

New York county sues Purdue, J&J over opioid marketing

New York county sues Purdue, J&J over opioid marketing

A county in New York state has sued Purdue Pharma LP, Johnson & Johnson and other drugmakers, accusing them of engaging in … Read More

VW trade union boss pockets €750,000 per year

VW trade union boss pockets €750,000 per year

It is no secret that the works council chairmen of big German corporations take home a princely salary. Nevertheless, it still comes as Read More

The State of Mind of a White Collar Criminal – Corruption, Crime & Compliance

The State of Mind of a White Collar Criminal – Corruption, Crime & Compliance

As a chief compliance officer, it is important to consider the mindset of a criminal. Not to complete tasks and accomplish your … Read More

From Dr. No to an Agile Compliance Program – Compliance Report

From Dr. No to an Agile Compliance Program – Compliance Report

Joseph Wiseman, was most famous for his role in the first James Bond film adaptation, playing the title character of Dr. No. In the … Read More

Effective Compliance and the Importance of Accounts Payable Function – Corruption, Crime & Compliance

Effective Compliance and the Importance of Accounts Payable Function – Corruption, Crime & Compliance

As the compliance function has matured, Chief Compliance Officers have built important relationships with related functions that are … Read More

Governance and Ethics


Iranian Private Lenders to Adopt Corporate Governance Principles

Iranian Private Lenders to Adopt Corporate Governance Principles

anti corruption, corruption, Governance & Ethics

The EU’s energy and climate governance

The EU’s energy and climate governance

While 2016 has been reported as the warmest year in history, the Energy Union needs to get their acts together and establish a strong … Read More

Trudeau deflects queries on Aga Khan ethics probe

Trudeau deflects queries on Aga Khan ethics probe

Prime Minister Justin Trudeau has been devoting one day each week to showcasing his idea for reforming question period, standing in … Read More

BCCI brass wants WICB view on governance before tour approval

BCCI brass wants WICB view on governance before tour approval

The BCCI wants to discuss the proposed ICC governance model with the WICB before giving the Indian cricket team its nod to tour the … Read More

More FIFA Watchdogs Quit in Protest, Sparking New Soccer Crisis

More FIFA Watchdogs Quit in Protest, Sparking New Soccer Crisis

The latest ethics crisis shaking global soccer intensified Wednesday as two members of FIFA’s governance committee resigned over the … Read More

Nevada attorney general in the hot seat over ethics probe

Nevada attorney general in the hot seat over ethics probe

A secretly recorded conversation between Nevada’s attorney general and the state’s top casino watchdog has led to a yearlong … Read More

Anti-Money Laundering


EU vows to assist Sudan’s efforts to combat terrorism & financing

EU vows to assist Sudan’s efforts to combat terrorism & financing

The EU is holding a two-day workshop in Khartoum under the title “Combating Terrorism and Money Laundering” from 17 to 18 May to … Read More

Man held on suspicion of money laundering in NI

Man held on suspicion of money laundering in NI

A 53-year-old man man has been arrested by the PSNI on suspicion of money laundering, after cash worth £35,000 was found in a car in … Read More

Russian money-laundering details remain dark as US settles fraud case

Russian money-laundering details remain dark as US settles fraud case

The case aimed to expose how Russian mobsters allegedly stole $230 million and hid some of the cash in New York City real estate. Also … Read More

Implications of Enhanced Anti-Money Laundering Regulation for MPF/ORSO Trustees

Implications of Enhanced Anti-Money Laundering Regulation for MPF/ORSO Trustees

On 6 January 2017 the Financial Services and Treasury Bureau (FSTB) issued a consultation on enhancing anti-money laundering regulation Read More

Bitcoin’s Link to Crime Is a Growing Worry, Nordea Bank Warns

Bitcoin’s Link to Crime Is a Growing Worry, Nordea Bank Warns

The biggest bank in the Nordic region says this month’s ransomware attack underscores the need for lawmakers to look more closely at … Read More

AFP investigating allegations of money laundering in innovation and investor visa applications

AFP investigating allegations of money laundering in innovation and investor visa applications

In a response to a Senate estimates question on notice from Labor Senator Louise Pratt published on Tuesday, the Department of … Read More

Cyber Risk


10 Ways your business can manage the risk of cyber-crime

10 Ways your business can manage the risk of cyber-crime

With the reliance on technology in the business world as it is today, cyber security is something that all businesses should invest in … Read More

Fitch Urges Insurer Caution as Cyber Insurance Demand Grows

Fitch Urges Insurer Caution as Cyber Insurance Demand Grows

Tallying the costs from recent attacks will take time. However, Fitch analysts believe growth in corporate anxiety from cyber-related … Read More

China’s banking regulator to step up protection after cyber attack

China’s banking regulator to step up protection after cyber attack

China’s banking regulator said on Wednesday it will strengthen cyber security protection at banks to prevent “disruptive systemic risk … Read More

Demand For Cyber Insurance To Increase

Demand For Cyber Insurance To Increase

The slew of recent ransomware attacks in over 150 countries reveals the widening scope of corporations’ cyber risk exposures, which is … Read More

Cyber risk needs to be at the forefront of business agenda

Cyber risk needs to be at the forefront of business agenda

QBE cyber insurance expert, Ben Richardson, said the new legislation emphasises the need for data management and cyber security … Read More

Vigilance is paramount to reduce cyber risk

Vigilance is paramount to reduce cyber risk

Over the weekend a global phenomenon occurred with over 200,000 people affected by a cyber-attack on a number of government and … Read More

Security Risks


Ransomware attack ebbs, but experts see risk of more

Ransomware attack ebbs, but experts see risk of more

LONDON >> The “ransomware” cyberattack that has hit companies and governments around the world ebbed in intensity on Monday, … Read More

How we can risk-proof companies against other WannaCry and cyberattacks

How we can risk-proof companies against other WannaCry and cyberattacks

First, let us all admit this. Cyber criminals are smart. They are innovative and persistent. They use the cyber tools to target many … Read More

Wannacry ransomware cyber attack: Indian ATMs could be at high risk as most run on Windows XP

Wannacry ransomware cyber attack: Indian ATMs could be at high risk as most run on Windows XP

Wannacry ransomware has created panic across the globe. Though the malware is witnessing a slowdown, it could strike harder in a second Read More

Biggest risk with mass email theft is phishing, malware distribution

Biggest risk with mass email theft is phishing, malware distribution

Robert Capps said in the statement that 91% of cyberattacks start with a phishing email and reminded users to never click on links … Read More

Why WPA2-PSK can be a security risk even with an uncracked key

Why WPA2-PSK can be a security risk even with an uncracked key

Wi-Fi security has evolved significantly from the early days of Wired Equivalent Privacy (WEP). If your organization is still using … Read More

U.S. Businesses Neglect a Major Information Security Risk

U.S. Businesses Neglect a Major Information Security Risk

Even with the evolution of a mobile and increasingly digital workforce, paper documents continue to be a core component of office life. Read More

North America


UBS whistleblower Birkenfeld sues bank for libel

UBS whistleblower Birkenfeld sues bank for libel

NEW YORK (Reuters) – A former UBS Group AG banker who as a whistleblower helped U.S. authorities prosecute the Swiss bank for tax … Read More

Karaoke over character: US Navy admiral sentenced in ‘Fat Leonard’ corruption scandal

Karaoke over character: US Navy admiral sentenced in ‘Fat Leonard’ corruption scandal

An admiral has become the highest-ranking US Navy officer to be sentenced in the massive corruption scandal involving a Malaysian … Read More

U.S. sues UnitedHealth again for mischarging Medicare Advantage

U.S. sues UnitedHealth again for mischarging Medicare Advantage

The U.S. Justice Department for the second time in a month sued UnitedHealth Group Inc on Tuesday, accusing the nation’s largest health Read More

US moves to settleWolf of Wall Street ‘’ corruption claim

US moves to settleWolf of Wall Street ‘’ corruption claim

The Hollywood studio behind The Wolf of Wall Street is in talks with the US Department of Justice to settle a lawsuit alleging the film Read More

FBI corruption probe targets Macomb Public Works

FBI corruption probe targets Macomb Public Works

The federal government’s corruption probe in Macomb County is focusing on the public works office where about a dozen employees have … Read More

Former Congresswoman Found Guilty Of Fraud and Corruption Charges

Former Congresswoman Found Guilty Of Fraud and Corruption Charges

Former Florida Democratic Rep. Corrine Brown, 70, was found guilty for fraud and corruption charges. Brown, who served twelve (12) … Read More

Latin America


Odebrecht Seeking “Fair” Plea Deal in Mexico after Bribe Scandal

Odebrecht Seeking “Fair” Plea Deal in Mexico after Bribe Scandal

An official for the Brazilian construction company Odebrecht who admitted to making bribes in Mexico is hoping to reach a fair … Read More

Brazil’s President Michel Temer denies hush money claim

Brazil’s President Michel Temer denies hush money claim

O Globo newspaper said Mr Temer had been recorded discussing payments to silence the jailed former Speaker Eduardo Cunha.

Valley arrest in scheme to make $6.8M on Puerto Ricans’ fake tax returns

Valley arrest in scheme to make $6.8M on Puerto Ricans’ fake tax returns

An Allentown man is accused of conspiring to steal more than $6.8 million in federal tax dollars, the U.S. Attorney’s Office for the … Read More

Petrobras, Vale ADRs Plunge After New Brazil Corruption Allegations

Petrobras, Vale ADRs Plunge After New Brazil Corruption Allegations

NEW YORK (Reuters) – Shares in Brazilian state-controlled oil company Petroleo Brasileiro SA (ticker: PBR) and iron ore miner Vale SA … Read More

Peru ex-governor, lawyer arrested over ties to Odebrecht bribes

Peru ex-governor, lawyer arrested over ties to Odebrecht bribes

A former Peruvian governor suspected of arranging bribes from Odebrecht was arrested on Wednesday, while police raided Lima law firms … Read More

Brazil stocks plunge on emerging political scandal, post worst day since 2008

Brazil stocks plunge on emerging political scandal, post worst day since 2008

Brazilian stocks dropped 8.8 percent Thursday on an emerging scandal involving the country’s recently installed president.

Asia


China’s new anti-corruption body raises questions about the rule of law

China’s new anti-corruption body raises questions about the rule of law

Although no one doubts the importance of efforts to curb graft, anti-corruption campaigns under the leadership of Chinese President Xi … Read More

Corruption? You can bank on it

Corruption? You can bank on it

The huge loss of the state-owned Islamic Bank of Thailand (IBank) has raised questions as to how a bank that runs on principles of … Read More

The political maneuvering behind India’s anti-graft raids

The political maneuvering behind India’s anti-graft raids

The selective targeting and timing of the raids ahead of opposition plans to forge a grand alliance to fight the 2019 national … Read More

Fight corruption at all levels

Fight corruption at all levels

CORRUPTION and power abuse have increasingly become serious problems in recent years, especially among errant civil servants who lack … Read More

Rogue financial planner behind $800,000 fraud jailed

Rogue financial planner behind $800,000 fraud jailed

A rogue HSBC financial planner, who enticed an elderly couple to invest $800,000 into a low-risk investment product then forged … Read More

Ex-Guinean Minister Convicted of Laundering $8.5M in Bribes

Ex-Guinean Minister Convicted of Laundering $8.5M in Bribes

Former Guinean official Mahmoud Thiam abused his position in the nation’s mining industry to launder $8.5 million in bribes from a … Read More

Europe


Scots firm in multi-million-pound Russian corruption scandal

Scots firm in multi-million-pound Russian corruption scandal

A SCOTTISH firm is at the centre of yet another major corruption investigation in Russia, sparking new concerns over the country’s … Read More

Tory plan to fold Serious Fraud Office into National Crime Agency comes under attack

Tory plan to fold Serious Fraud Office into National Crime Agency comes under attack

A pledge to integrate the Serious Fraud Office into the National Crime Agency has come under widespread attack despite the regulator’s Read More

Lidlanti-mafia probe uncovers clan links to Lidl supermarkets

Lidlanti-mafia probe uncovers clan links to Lidl supermarkets

The Laudani clan, part of Sicily’s ‘Cosa Nostra’ crime syndicate, was found to have infiltrated several commercial enterprises in … Read More

Ukraine shelves corruption bill angering West

Ukraine shelves corruption bill angering West

Ukrainian lawmakers bowed Wednesday to International Monetary Fund pressure and shelved a highly-controversial bill that critics feared Read More

Spain needs urgently to deal with systemic corruption

Spain needs urgently to deal with systemic corruption

Spain has been systematically engulfed in corruption scandals in recent years. Few aspects of public life in the country have remained … Read More

Is the anti-corruption agenda all that it’s cracked up to be?

Is the anti-corruption agenda all that it’s cracked up to be?

Recent years have seen a rise in anti-corruption protest movements across postsocialist states. In January, thousands took to the … Read More

Middle East


Iran’s Supreme Leader Warns of Possible Election Fraud

Iran’s Supreme Leader Warns of Possible Election Fraud

TEHRAN — Iran’s supreme leader issued a warning on Wednesday, saying there was a chance that some individuals — he was not clear which … Read More

ICC anti-corruption chief to testify against Sharjeel, Latif in spot-fixing case

ICC anti-corruption chief to testify against Sharjeel, Latif in spot-fixing case

In the latest twist in the investigation, Sir Flanagan, a former senior police officer, is scheduled to appear before the PCB’s … Read More

Egypt court upholds acquittal of Mubarak-era tycoon Hussein Salem in gas export corruption case

Egypt court upholds acquittal of Mubarak-era tycoon Hussein Salem in gas export corruption case

An Egyptian criminal court upheld on Thursday the acquittal of Mubarak-era business tycoon Hussein Salem on charges of corruption in … Read More

Former chief rabbi convicted of fraud, breach of trust

Former chief rabbi convicted of fraud, breach of trust

Bakshi-Doron was indicted in 2012 over his involvement in the scam, known as “the rabbis’ case,” which included the issuing of false … Read More

Strategies For Complying With Anti-Corruption Rules In Saudi Arabia

Strategies For Complying With Anti-Corruption Rules In Saudi Arabia

Government contracting can be highly rewarding in Saudi Arabia, given the wide-ranging opportunities in defense, education and … Read More

Seven anti-corruption activists kidnapped in Baghdad

Seven anti-corruption activists kidnapped in Baghdad

Seven anti-corruption activists have been kidnapped overnight in the Iraqi capital of Baghdad by unknown gunmen.

Africa


Tanzania freezes assets of anti-corruption official, plans charges

Tanzania freezes assets of anti-corruption official, plans charges

Tanzania’s anti-graft watchdog said on Thursday it had frozen the assets of its chief accountant and planned to charge him with … Read More

Corruption “not in Nigerians’ DNA”

Corruption “not in Nigerians’ DNA”

Contrary to what some analysts have recently suggested, endemic corruption in Nigeria has no genetic foundation, but it is rather a … Read More

South Africa: Government Making Strides in Rooting Out Corruption

South Africa: Government Making Strides in Rooting Out Corruption

Pretoria — Cooperative Governance and Traditional Affairs Minister Des van Rooyen says his Department is making strides to tackle and … Read More

South Africa: Agriculture On Allegations of Corruption Related to Fishing Rights Allocation Process

South Africa: Agriculture On Allegations of Corruption Related to Fishing Rights Allocation Process

The Department of Agriculture, Forestry and Fisheries (DAFF) of the Republic of South Africa received information about the allegations Read More

SA Council of Churches discusses findings of corruption report

SA Council of Churches discusses findings of corruption report

SOWETO – The National Executive Committee of the South African Council of Churches (SACC) will release a report of the SACC Unburdening Read More

South Africa: Minister Muthambi Revives Anti-Corruption Forum

South Africa: Minister Muthambi Revives Anti-Corruption Forum

Pretoria — Public Service and Administration Minister Faith Muthambi will convene a meeting on Friday to revive the National … 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.

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Categories: Anticorruption

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