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ANTICORRUPTION DIGEST TODAY in the World


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.

Switzerland: Printing Firm to Pay US$ 34.8 Million Corruption Fine

Switzerland: Printing Firm to Pay US$ 34.8 Million Corruption Fine

The Swiss branch of German printing press manufacturer Koenig & Bauer has agreed to pay a fine of 35 million Swiss francs (US$ 34.74 million) to end a corruption probe, Swiss authorities said.

Featured Articles


The Growing Threat of Alternative Remittance Systems

Anti-Corruption

 Unaoil corruption inquiry puts £2.2bn Amec takeover at risk

Unaoil corruption inquiry puts £2.2bn Amec takeover at risk

Amec Foster Wheeler and Wood Group have revealed their exposure to an investigation into alleged corruption at Unaoil before a proposed Read More

Petrofac suspends top executive amid SFO corruption probe

Petrofac suspends top executive amid SFO corruption probe

Petrofac has suspended its chief operating officer after the Serious Fraud Office swooped on the oil services group earlier this month … Read More

U.S. Supreme Court: Ecuador vs Chevron Rico Act ruling a $9.5 billion issue

U.S. Supreme Court: Ecuador vs Chevron Rico Act ruling a $9.5 billion issue

Can U.S. companies use the federal racketeering law to fend off costly foreign court judgments? For Chevron Corp., the answer was … Read More

Airbus Seeks Outside Help to Review Compliance Amid Corruption Probes

Airbus Seeks Outside Help to Review Compliance Amid Corruption Probes

LONDON—European plane maker Airbus SE has established a new compliance review group led by outsiders amid allegations of corruption … Read More

Fighting corruption, Ukraine starts to judge its judges

Fighting corruption, Ukraine starts to judge its judges

Ukrainian judge Artur Yemelianov has acknowledged in an online declaration that he owns a Breguet watch worth nearly a third of his … Read More

Petrofac Falls 30% After Suspending COO Amid Fraud Investigation

Petrofac Falls 30% After Suspending COO Amid Fraud Investigation

Shares in Petrofac (POFCF) tanked Thursday, falling almost 30%, after the oil services group said it had suspended its chief operating … Read More

Governance and Ethics


Facebook and the ethics of moderation

Facebook and the ethics of moderation

Many social media users assume that content moderation is automated, that when an inappropriate image or video is uploaded to the net a Read More

Good business ethics, corporate governance panacea to economic challenges, says IPEF

Good business ethics, corporate governance panacea to economic challenges, says IPEF

The Ijebu Professional Excellence Foundation (IPEF), a non-governmental organisation, has said Nigeria’s quest to overcome its economic Read More

Estate agents urge PM ‘to restore good governance practices’

Estate agents urge PM ‘to restore good governance practices’

The Federation of Estate Agents has unreservedly condemned “the malicious” intent behind the attack on Malta’s reputation and the … Read More

Selection process for Sauk County ethics panel under scrutiny

Selection process for Sauk County ethics panel under scrutiny

A Sauk County Board members says the process by which a new county ethics panel was appointed this month gives him little confidence … Read More

Philippines: BSP seeks to strengthen banks’ governance

Philippines: BSP seeks to strengthen banks’ governance

The BSP on Friday signed a memorandum of understanding with the International Finance Corp. (IFC), a World Bank unit engaged in lending Read More

Ethics complaint targets Bevin over Anchorage home

Ethics complaint targets Bevin over Anchorage home

An ethics complaint filed Friday contends Gov. Matt Bevin used his office for personal gain in the purchase of an Anchorage mansion at … Read More

Anti-Money Laundering


 Citigroup Subsidiary Admits Failure to Stop Money Laundering to Mexico

Citigroup Subsidiary Admits Failure to Stop Money Laundering to Mexico

A subsidiary of one of the largest banking corporations in the U.S. this week admitted to engaging in criminal behavior by failing to … Read More

Banks slapped with fines for weak anti-money laundering controls

Banks slapped with fines for weak anti-money laundering controls

Several local and international banks have been slapped with administrative fines by the South African Reserve Bank, for weak … Read More

Court rules against B.C. man accused of money laundering in U.S.

Court rules against B.C. man accused of money laundering in U.S.

Glenn Harley Sheck had tried to get an extradition application by the U.S. thrown out on the grounds that American police worked … Read More

Hong Kong and Macau regulators intensify efforts against money laundering, financial crime and terrorist funding

Hong Kong and Macau regulators intensify efforts against money laundering, financial crime and terrorist funding

Hong Kong and Macau have launched simultaneous shake-ups of the systems they have in place to tackle the growing menace of money … Read More

US says Hezbollah associate pleads guilty to money laundering conspiracy

US says Hezbollah associate pleads guilty to money laundering conspiracy

New York: A Lebanese man accused of trying to use his ties to Hezbollah to further a scheme to launder drug money pleaded guilty on … Read More

Money laundering in Guyana

Money laundering in Guyana

The Bank of Guyana (BOG) Supervision Guideline No.13 states that money laundering means: “A person commits the offence of money … Read More

Cyber Risk


Ransomware cyber attack: Is your computer at risk?

Ransomware cyber attack: Is your computer at risk?

A cyber-attack has affected hundreds of thousands of computers across the world blocking people out of their devices.

Bitcoin Sets Records amid Elevated Risk, Yuan Eyes Upper Bound ahead of FOMC

Bitcoin Sets Records amid Elevated Risk, Yuan Eyes Upper Bound ahead of FOMC

We dicussed that Japan’s official recoginition of Bitcoin as a payment method as well as U.S. SEC’s reconsideration on Bitcoin ETFs … Read More

Auditors armed with new method to audit cyber-risk

Auditors armed with new method to audit cyber-risk

Auditors now have a new guide available to them to help examine and report on companies’ efforts to manage their cyber risk, and the … Read More

Cybersecurity Looks to AI

Cybersecurity Looks to AI

The spread of ransomware holding computers to ransom last week highlights the impact of weaknesses in cybersecurity as British … Read More

How Should Financial Services Boards Respond To Growing Cyber Risks?

How Should Financial Services Boards Respond To Growing Cyber Risks?

The WannaCry cyber attack this month did not hit financial services (FS) firms as directly as it did some other industries, but its … Read More

For bankers, ATM hacks are less about losing a few lakhs & more about erosion of reputation

For bankers, ATM hacks are less about losing a few lakhs & more about erosion of reputation

Last year, Vijay Kumar, an Indian Army sepoy, got the shock of his life when he discovered a shortfall of Rs 2 lakh in his SBI salary … Read More

Security Risks


Radio-controlled pacemakers aren’t as hard to hack as you (may) think

Radio-controlled pacemakers aren’t as hard to hack as you (may) think

Pacemakers are devices that are implanted in the chest or abdomen to control life-threatening heartbeat abnormalities. Once they’re in … Read More

3 surefire ways to protect your ATM network

3 surefire ways to protect your ATM network

A physical ATM attack is extremely arduous. It takes several individuals to lift the average ATM and intricate planning to work out the Read More

The effectiveness of standards in preventing and mitigating DDoS attacks

The effectiveness of standards in preventing and mitigating DDoS attacks

Whether or not you work in IT security, distributed denial of service (DDoS) attacks are becoming more visible by the day. In the last … Read More

Ransomware attacks demonstrate security vulnerabilities

Ransomware attacks demonstrate security vulnerabilities

The recent ransomware attack has sent shock waves through the world’s data communities. The “WannaCry” attack began on May 12, quickly … Read More

Media players wide open to malware fired from booby-trapped subtitles

Media players wide open to malware fired from booby-trapped subtitles

Hackers have gone back to the future by attempting to infect targets with booby-trapped subtitle files.

20 Ways to Prevent a Deadly DDoS Attack

20 Ways to Prevent a Deadly DDoS Attack

In the past year, Distributed Denial of Service (DDoS) attacks have overwhelmed some of the largest websites, forcing Reddit, Twitter, … Read More

North America


U.S. accuses Massachusetts hedge fund manager of fraud

U.S. accuses Massachusetts hedge fund manager of fraud

A Massachusetts hedge fund manager has been arrested and accused of misappropriating millions of dollars from investors and engaging in Read More

Gordon Campbell on the Navy’s dealings with Fat Leonard

Gordon Campbell on the Navy’s dealings with Fat Leonard

At an official level, our “she’ll be right” attitude routinely spills over into a keen resentment of anyone who suggests the outcomes … Read More

The case for protecting America’s intelligence agency whistleblowers

The case for protecting America’s intelligence agency whistleblowers

The Follow the Rules Act, which passed in the House of Representatives this month, would expand the protections against retaliation … Read More

Canada Backs `Magnitsky Law’ to Expand Corruption Sanction Power

Canada Backs `Magnitsky Law’ to Expand Corruption Sanction Power

The Canadian government will back legislation allowing the country to impose sanctions on human rights abusers in foreign countries.

US brands will lose $6.5bn to ad fraud in 2017

US brands will lose $6.5bn to ad fraud in 2017

As brands place more of an emphasis on digital advertising, the risk of ad fraud only increases. But despite this threat, the level of … Read More

The New Dawn Liberia – Ex-U.S. soldier makes bribery claims

The New Dawn Liberia – Ex-U.S. soldier makes bribery claims

“I therefore, reported to the LRA. The reason that I reported the bribe is because of the line of work that I have been doing which … Read More

Latin America


Layers of Corruption Facilitate Fuel Theft in Mexico

Layers of Corruption Facilitate Fuel Theft in Mexico

Brazil may face its second presidential impeachment in less than a year, thanks to revelations of the veritable epidemic of corruption … Read More

Brazil’s: How Fighting Corruption Could Imperil Political Stability

Brazil’s: How Fighting Corruption Could Imperil Political Stability

Less than a year ago, President Dilma Rousseff was impeached and forced out of office in a swirl of claims about financial impropriety. Read More

Battling the scourge of corruption in Latin America

Battling the scourge of corruption in Latin America

Brazil may face its second presidential impeachment in less than a year, thanks to revelations of the veritable epidemic of corruption … Read More

Son, Brother of Guatemalan President to Stand Trial on Fraud

Son, Brother of Guatemalan President to Stand Trial on Fraud

The judge ruled late Friday the president’s son Jose Manuel Morales Marroquin and brother Samuel will stand trial for fraud.

Peru: No more corruption, works to be efficient and fast

Peru: No more corruption, works to be efficient and fast

Many inveigh against the monster daily. Yet, people who call on Government to take a stand against corruption start quarrelling about … Read More

Why corruption’s our best friend

Why corruption’s our best friend

Many inveigh against the monster daily. Yet, people who call on Government to take a stand against corruption start quarrelling about … Read More

Asia

Ex assistant sales manager in Singapore jailed for corruption

Ex assistant sales manager in Singapore jailed for corruption

Singapore’s Corrupt Practices Investigation Bureau (CPIB) has reported yesterday that Lu Sang, a 36 year-old Malaysian and Singapore … Read More

Impeached South Korean President Park Denies Corruption At Trial

Impeached South Korean President Park Denies Corruption At Trial

The Seoul Central District Court held a lottery last week for the 68 seats available for the public, drawing more than 500 people, … Read More

PNG party promises swift action against corrupt leaders

PNG party promises swift action against corrupt leaders

The leader of one of Papua New Guinea’s main opposition parties says that if it forms government, it will look to have corrupt leaders … Read More

Former security chief of Chinese city sentenced over corruption

Former security chief of Chinese city sentenced over corruption

BEIJING: The former public security boss of China’s northern city of Tianjin was given a suspended death sentence on corruption … Read More

India: Kapil Mishra to hold exhibition of ‘evidence of corruption’ against Kejriwal

India: Kapil Mishra to hold exhibition of ‘evidence of corruption’ against Kejriwal

NEW DELHI: In response to AAP functionaries laughing away at his allegations of corruption, sacked AAP minister Kapil Mishra has … Read More

Philippines: Minding the corruption and the debt trap

Philippines: Minding the corruption and the debt trap

IT is no secret that the Duterte administration intends to spend P8 trillion to P9 trillion on infrastructure buildup during its … Read More

Europe


German MEP at PN mass meeting: ‘Malta needs change, it needs Simon Busuttil’

German MEP at PN mass meeting: ‘Malta needs change, it needs Simon Busuttil’

German MEP Manfred Weber has urged the Maltese public to vote for Simon Busuttil as their new prime minister, telling a Nationalist … Read More

Unaoil corruption inquiry puts £2.2bn Amec takeover at risk

Unaoil corruption inquiry puts £2.2bn Amec takeover at risk

Amec Foster Wheeler and Wood Group have revealed their exposure to an investigation into alleged corruption at Unaoil before a proposed Read More

New Rules on Private-to-Private Corruption Adopted in Italy

New Rules on Private-to-Private Corruption Adopted in Italy

The discipline of private-to-private corruption contained in article 2635 of the Italian Civil Code was one of the points severely … Read More

Petrofac suspends top executive amid SFO corruption probe

Petrofac suspends top executive amid SFO corruption probe

Petrofac has suspended its chief operating officer after the Serious Fraud Office swooped on the oil services group earlier this month … Read More

Dutch Police Allegedly Bribe Newspaper to Bury Data on Criminal Asylum Seekers

Dutch Police Allegedly Bribe Newspaper to Bury Data on Criminal Asylum Seekers

The national police force of the Netherlands admitted trying to cut a deal with the country’s largest newspaper, which claimed to have … Read More

Ukraine is struggling with corruption, sometimes successfully

Ukraine is struggling with corruption, sometimes successfully

UKRAINE is fighting two wars. One is near its eastern border, where it faces Russian aggression. The other is at its core, where it is … Read More

Middle East


Saudi Arabia, UAE, Bahrain block Qatari news websites

Saudi Arabia, UAE, Bahrain block Qatari news websites

The censorship came hours after the Qatari state news agency QNA reported remarks purportedly made by Qatar’s Emir, Sheikh Tamim bin … Read More

Hezbollah accuses Saudi Arabia of terrorism supporter

Hezbollah accuses Saudi Arabia of terrorism supporter

BEIRUT, May 25 (Xinhua) — Hezbollah chief Sayyed Hassan Nasrallah launched a verbal attack Thursday on Saudi Arabia and the Riyadh … Read More

Iran: Corrupt Smugglers

Iran: Corrupt Smugglers

The Iranian Regime’s Revolutionary Guards Corps (IRGC) has a long history of corruption, whether it’s plundering the public purse Read More

Qatar calls for curbing organised crime and terrorism

Qatar calls for curbing organised crime and terrorism

The State of Qatar has called for making use of all capabilities in confronting and curbing the criminal challenges of organised crime, Read More

Deri to be questioned on corruption allegations

Deri to be questioned on corruption allegations

Last year, Attorney General Avichai Mandelblit authorized the National Fraud Investigation Unit to launch a criminal investigation into Read More

US lost track of $1bn arms and kit in Iraq, says Amnesty

US lost track of $1bn arms and kit in Iraq, says Amnesty

The US Army failed to keep track of more than $1bn of weapons and equipment sent to Iraq in recent years, Amnesty International says, … Read More

 Africa

South Africa’s Zuma says not opposed to inquiry into corruption allegations

South Africa’s Zuma says not opposed to inquiry into corruption allegations

JOHANNESBURG: South Africa’s President Jacob Zuma said on Friday he was not opposed to setting up a commission of inquiry into … Read More

Uhuru admits divine intervention is needed for corruption and political division

Uhuru admits divine intervention is needed for corruption and political division

The country’s stability in the run-up to the August 8 polls weighed heavily on the nation’s conscience during Thursday’s national … Read More

Churches denounce corruption in Zimbabwe

Churches denounce corruption in Zimbabwe

CHURCHES are concerned at the rampant corruption in Zimbabwe.

Gauging anti-graft agency’s successes

Gauging anti-graft agency’s successes

The Eliud Wabukala-chaired agency has pointed out instances where they have conducted investigations and made solid cases, only for the Read More

NCA Corruption: Former NCA board member denies participating in ‘corrupt’ deal

NCA Corruption: Former NCA board member denies participating in ‘corrupt’ deal

In a statement issued by Dr Owusu-Ensaw, he said he made his position clear to the Bureau of National Investigation when they invited … Read More

SACP vows to step up fight against corruption‚ corporate capture and misgovernance

SACP vows to step up fight against corruption‚ corporate capture and misgovernance

Speaking at a National Imbizo convened by the SACP‚ Nzimande said that decisions such as the “irregular” re-appointment of Brian Molefe 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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