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Anti-Corruption Digest in the News


The new home of the FCPA Newswire edited by Mike Kenealy
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

 Has the FCPA changed the US business culture? – Compliance Report

Has the FCPA changed the US business culture? – Compliance Report

In the early 70’s the Lockheed corruption scandals came into light. Millions of dollars had been paid by the US aircraft corporation to Read More

Johnson & Johnson settles drug manufacturing probe by U.S. states for $33 million

Johnson & Johnson settles drug manufacturing probe by U.S. states for $33 million

Johnson & Johnson has agreed to pay $33 million to resolve charges by most U.S. states that it misrepresented the manufacturing … Read More

Businessman jailed for role in $1 billion bank fraud 

Businessman jailed for role in $1 billion bank fraud 

Known locally as the “theft of the century”, the scheme saw the equivalent of an eighth of Moldova’s gross domestic product disappear … Read More

The Government Uses Multiple Tools to Fight Corruption – Compliance Report

The Government Uses Multiple Tools to Fight Corruption – Compliance Report

There are multiple ways to deal with an issue which can provide known and unforeseen benefits. Today we celebrate one of those as it … Read More

CCOs and Resources: Put Your Money Where Your Mouth Is! – Corruption, Crime & Compliance

CCOs and Resources: Put Your Money Where Your Mouth Is! – Corruption, Crime & Compliance

The compliance profession is enjoying its moment of triumph. Chief compliance officers are earning substantial salaries and rewarded … Read More

CISLAC Laments Alleged Poor Handling of High Profile Corruption Cases 

CISLAC Laments Alleged Poor Handling of High Profile Corruption Cases 

Some notable cases cited by the non-governmental organisation included the “acquittal of former Minister of Niger Delta Affairs, … Read More

Governance and Ethics


Ethical lapses are increasingly costing CEOs their jobs

Ethical lapses are increasingly costing CEOs their jobs

Companies have become much more likely to dismiss their chief executives over the last several years because of a scandal or improper … Read More

Corporate governance minefield awaits China A-share buyers

Corporate governance minefield awaits China A-share buyers

A corporate governance minefield awaits fund managers who will be obliged to pour billions of US dollars into Chinese equities after … Read More

Asset managers believe the only way is ethics 

Asset managers believe the only way is ethics 

The group, which is marking the 10-year anniversary of signing up to the Principles for Responsible Investment, asked its investment … Read More

Wall Street Journal sacks top reporter over ethics violations 

Wall Street Journal sacks top reporter over ethics violations 

WASHINGTON, United States — The Wall Street Journal on Wednesday fired a top correspondent over ethics violations after a news agency … Read More

State ethics panel is a work in progress 

State ethics panel is a work in progress 

SANTA FE – New Mexico lawmakers approved the creation of an independent ethics commission during this year’s legislative session, but … Read More

Ethics complaint accuses Ron Richard ally of unregistered lobbying 

Ethics complaint accuses Ron Richard ally of unregistered lobbying 

A complaint filed this week with the Missouri Ethics Commission alleges an adviser to a prominent Republican donor at the center of … Read More

Anti-Money Laundering


 Denmark to Introduce Tougher Penalties to Combat Money Laundering

Denmark to Introduce Tougher Penalties to Combat Money Laundering

The leak of millions of documents from the Panamanian law firm Mossack Fonseca last year showed that some 500 banks throughout the … Read More

Feds charge five in Gwinnett in Mexico drug money-laundering scheme 

Feds charge five in Gwinnett in Mexico drug money-laundering scheme 

Five people from Gwinnett were charged in a three-year federal investigation that centered on laundering drug money to Mexico through … Read More

Interpol arrests two Limpopo brothers for fraud, money laundering 

Interpol arrests two Limpopo brothers for fraud, money laundering 

Polokwane – The Interpol task team has arrested professional hunting brothers, Dawie Groenewald, and Janneman, in Polokwane, Limpopo.

Working Together to Fight Money Laundering & Terrorist Financing

Working Together to Fight Money Laundering & Terrorist Financing

Dear President Vega-Serrano, thank you for your kind invitation and all of you for your warm welcome. It is wonderful to be in … Read More

New money laundering regulations for high-level officials 

New money laundering regulations for high-level officials 

Taipei, June 22 (CNA) An amendment to the Money Laundering Control Act will go into effect June 28, providing more stringent rules for … Read More

On Bitcoin, India’s Government And Tech Companies Find Common Ground

On Bitcoin, India’s Government And Tech Companies Find Common Ground

The Bitcoin craze is catching on in India. While tech geeks and young investors eye the digital cryptocurrency as its value soars, the … Read More

Cyber Risk


Education Goes Along With Policy on Cyber Risk 

Education Goes Along With Policy on Cyber Risk 

Startups start up with, to quote an old salesman, a bit of shoeshine and a smile. And killer apps, perhaps. But risk lurks in all … Read More

WannaCry attack shows trend toward ‘economic’ cyber threats, rising regulatory risk

WannaCry attack shows trend toward ‘economic’ cyber threats, rising regulatory risk

NEW YORK (Thomson Reuters Regulatory Intelligence) – The cyber attack last month known as the WannaCry ransomware incident did little … Read More

The 10-step plan to fight cyber risk 

The 10-step plan to fight cyber risk 

Rigorous IT security assessments should be performed by specialists. They can give you a head start towards understanding your … Read More

You’re Sharing Your Cell Phone Number Too Frequently 

You’re Sharing Your Cell Phone Number Too Frequently 

No matter what Americans do to protect their digital privacy, especially on our handheld devices, it’s impossible to keep up with new … Read More

Better data key to cyber risk underwriting, say practitioners 

Better data key to cyber risk underwriting, say practitioners 

Modelling cyber risk will always be difficult due to a lack of loss data, but risk managers can help themselves by drawing on business … Read More

Reuters Adds Future of Money, Cyber Risk Sections

Reuters Adds Future of Money, Cyber Risk Sections

As Cryptocurrencies and blockchain technology continue to experience increased consumer and investor interest, mainstream media outlets Read More

Security Risks


Mimecast’s email security risk assessment

Mimecast’s email security risk assessment

Many organizations think their current email security systems are up to the task of protecting them against today’s threats.

China’s new travel pass poses security risk: lawmakers 

China’s new travel pass poses security risk: lawmakers 

A new “Mainland Travel Permit for Taiwan Residents” to be issued by Chinese authorities reportedly contains “smart” card features that … Read More

Virgin Media urges password change over hacking risk 

Virgin Media urges password change over hacking risk 

An investigation by Which? found that hackers could access the provider’s Super Hub 2 router, allowing access to users’ smart appliances.

Smart-home gadgets could allow hackers to access your home network in just four days

Smart-home gadgets could allow hackers to access your home network in just four days

The investigation was undertaken by consumer group Which? to test whether popular smart gadgets and appliances in homes could stand up … Read More

Malware attempts to frame Russians, plus plenty of patches

Malware attempts to frame Russians, plus plenty of patches

The Register reports that both Java and Python contain vulnerabilities that allow attackers to use FTP to fool firewalls into allowing … Read More

Americans growing anxious over online security

Americans growing anxious over online security

The Blue Bell, Pennsylvania-based company found that 56 percent of Americans are “seriously concerned” over hacking and identity theft, Read More

North America


Wall Street Journal fires correspondent over involvement with arms dealer 

Wall Street Journal fires correspondent over involvement with arms dealer 

WASHINGTON – The Wall Street Journal on Wednesday fired its highly regarded chief foreign affairs correspondent after evidence emerged … Read More

How the FBI Took Down a Dozen Crooked Cops, Jail Guards in Drug Smuggling Conspiracy

How the FBI Took Down a Dozen Crooked Cops, Jail Guards in Drug Smuggling Conspiracy

Something was rotten in the state of North Carolina. There were rumors of corruption in the Northampton County Sheriff’s Office and … Read More

2 More Plead Guilty in Allentown Corruption Probe 

2 More Plead Guilty in Allentown Corruption Probe 

Two more defendants have pleaded guilty in the FBI’s ongoing probe of corruption in Allentown city government.

New El Paso FBI director set to fight corruption, trafficking

New El Paso FBI director set to fight corruption, trafficking

The most pressing task ahead for new FBI El Paso Division Director Emmerson Buie Jr. will be to maintain the agency’s success in … Read More

Ex-Energy Department Official Pleads Guilty to Bribe Taking 

Ex-Energy Department Official Pleads Guilty to Bribe Taking 

PORTLAND, Ore. (AP) — The state Justice Department says a former Oregon Department of Energy official has pleaded guilty to accepting … Read More

‘Worth killing over’: How a plane mogul dodged US scrutiny 

‘Worth killing over’: How a plane mogul dodged US scrutiny 

When a Kansas strip-mall bank with possible mob ties folded in the mid-1980s, federal authorities investigated whether a shareholder, … Read More

Latin America


Mexico on course to replace Syria as world’s most violent country

Mexico on course to replace Syria as world’s most violent country

In total, Mexico recorded 9,916 murders in the first five months of 2017, roughly a 30 percent increase over the same period last year. Read More

Brazil blocks JBS deal, seeks asset freeze amid corruption probe 

Brazil blocks JBS deal, seeks asset freeze amid corruption probe 

A Brazilian judge has blocked JBS SA’s (JBSS3.SA) planned sale of a South American unit while the attorney general’s office urged the … Read More

Brazil′s Michel Temeraccused by police of ′passive corruption′

Brazil′s Michel Temeraccused by police of ′passive corruption′

Federal police said they discovered solid evidence that Brazilian President Michel Temer received bribes to help businesses, according … Read More

What’s the Matter with Venezuela?: It’s Not Socialism, It’s Corruption

What’s the Matter with Venezuela?: It’s Not Socialism, It’s Corruption

While Venezuela has slid into an economic and political cataclysm under authoritarian President Nicolas Maduro, the political … Read More

Colombia: The FARC Impact on Business

Colombia: The FARC Impact on Business

Although lauded internationally as a harbinger for international conflict resolution earning President Juan Manuel Santos the 2016 … Read More

Trujillo pleads guilty to wire fraud and agrees not to contest any sentence over 4yrs 9mths 

Trujillo pleads guilty to wire fraud and agrees not to contest any sentence over 4yrs 9mths 

Former Guatemalan FA general secretary Hector Trujillo, arrested in the US while on a Disney cruise ship with his family in Florida, … Read More

Asia


Contractor in Hong Kong bridge scandal faked tests at 55 other sites, including children’s hospital

Contractor in Hong Kong bridge scandal faked tests at 55 other sites, including children’s hospital

Hong Kong’s Civil Engineering and Development Department (CEDD) has revealed that the contractor involved in the Hong Kong-Zhuhai-Macau Read More

Japan PM Abe’s support slumps amid doubts about school scandal

Japan PM Abe’s support slumps amid doubts about school scandal

Support for Japanese Prime Minister Shinzo Abe slumped more than 10 points to 44.9 percent in a public opinion poll published on … Read More

Chief Executive-elect Carrie Lam’s reveals ‘new’ Beijing-approved cabinet 

Chief Executive-elect Carrie Lam’s reveals ‘new’ Beijing-approved cabinet 

Hong Kong’s first female leader, Chief Executive-elect Carrie Lam, today announced her “new” Beijing-approved cabinet for her upcoming … Read More

S&P unconcerned by Malaysia election and corruption uncertainty

S&P unconcerned by Malaysia election and corruption uncertainty

Political uncertainty surrounding upcoming elections and the 1MDB scandal were not enough to shake S&P’s confidence in Malaysia, … Read More

Indonesia: A Brief History On Threats To The Corruption Eradication Commission

Indonesia: A Brief History On Threats To The Corruption Eradication Commission

The Corruption Eradication Commission (KPK) remains one of the most supported and trusted public institutions in Indonesia, but not … Read More

Vietnam faces challenges to realize lofty economic growth target 

Vietnam faces challenges to realize lofty economic growth target 

HANOI, June 22 (Xinhua) — The Vietnamese government has insisted on not lowering the 6.7 percent economic growth target set earlier … Read More

Europe


The Maverick Media Mogul Taking On Ukraine’s Corrupt System

The Maverick Media Mogul Taking On Ukraine’s Corrupt System

For someone tasked with breathing life into Ukrainian public broadcasting, Zurab Alasania has a peculiar view of service-oriented … Read More

Vatican mulls excommunicating mobsters and the corrupt 

Vatican mulls excommunicating mobsters and the corrupt 

Some 50 dignitaries, including several ambassadors to the Holy See, magistrates and police representatives attended the “International … Read More

Wales loses under Tory ‘power bribe’ for DUP, warns Jones

Wales loses under Tory ‘power bribe’ for DUP, warns Jones

It follows reports the Democratic Unionist Party wants £2bn extra funding from a Tory-DUP deal at Westminster.

DUP deal risks damaging the UK’s reputation on fighting corruption

DUP deal risks damaging the UK’s reputation on fighting corruption

The government needs to get its business through parliament – that’s what governments do. So it’s no surprise that the prime minister … Read More

How Barclays’ U.K. Fraud Case May Rekindle ‘Too Big to Jail’ 

How Barclays’ U.K. Fraud Case May Rekindle ‘Too Big to Jail’ 

This is what’s known in financial markets jargon as headline risk: the chance that an event, such as the criminal charges against … Read More

Macron retools Cabinet after corruption scandals 

Macron retools Cabinet after corruption scandals 

French President Emmanuel Macron has brought in little-known figures to his government in a reshuffle after corruption scandals started Read More

Middle East


54 arrested in Dh2.3 billion car scam in UAE 

54 arrested in Dh2.3 billion car scam in UAE 

More than 50 people who were arrested in connection with a car scam worth Dh2.3 billion, and which affected more than 3,700 people, … Read More

Rakeen Georgia ex-CEO faces trial in Georgia 

Rakeen Georgia ex-CEO faces trial in Georgia 

The Ras Al Khaimah (RAK) Criminal Court last May sentenced Gela Mikadze, along with Khater Massaad, the former CEO of RAK Investment … Read More

Kushner’s Impossible Task in the Middle East Is the Easy Part 

Kushner’s Impossible Task in the Middle East Is the Easy Part 

It is not that Kushner’s chances for success are greater than those of a long list of special envoys, but rather that of all the … Read More

Iraq Medic life as refugee in new film “Nowhere to Hide” 

Iraq Medic life as refugee in new film “Nowhere to Hide” 

Fifteen years after the US-led invasion of Iraq the country continues to dominate the headlines with stories of sectarian violence, … Read More

A decade of Hamas rule in Gaza 

A decade of Hamas rule in Gaza 

JERUSALEM — Long before ISIS first grabbed international attention in 2014 through its brutal conquests in Iraq and Syria, another … Read More

Barclays bank, former bosses charged over Qatar funding

Barclays bank, former bosses charged over Qatar funding

Britain’s Serious Fraud Office (SFO) has charged Barclays bank and four former managers, including a chief executive, with “conspiracy … Read More

Africa


Madonsela: South Africa’s ‘problem’ with corruption

Madonsela: South Africa’s ‘problem’ with corruption

Thuli Madonsela was at the helm of the South African anti-corruption watchdog until late 2016. It exposed a web of worrying connections Read More

Angolan Vice President should face Portuguese corruption charges

Angolan Vice President should face Portuguese corruption charges

He is also alleged to have given a former prosecutor, one Orlando Figueira, a bribe of $810,000 as part of the corrupt deal. Figueira … Read More

Unions demand action for Prasa corruption

Unions demand action for Prasa corruption

The National Transport Movement (NTM) on Monday threatened to use its numbers to compel law-enforcement agencies to probe alleged … Read More

Ghanaians take aim at corruption

Ghanaians take aim at corruption

Ghana’s government is facing growing calls to keep its promises after it won elections on a pledge to stamp out corruption.

Zimbabwe: Cash Crisis Drives Grassroots Corruption

Zimbabwe: Cash Crisis Drives Grassroots Corruption

Government invented a cash crisis last year by introducing bond notes. And, because of that weird creativity, Zimbabwe is now saddled … Read More

Kenya: 10 Governors Under Probe Over Corruption 

Kenya: 10 Governors Under Probe Over Corruption 

Ten governors are being probed over alleged corruption in their counties, Ethics and Anti-Corruption Commission has revealed.


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/#ixzz4knvbM6Ko

 

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