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Anti-Corruption Digest: 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.

Featured Articles


Are you Stress Testing Compliance Red Flags and Touch Points?

Are you Stress Testing Compliance Red Flags and Touch Points?

Human intelligence – or HUMINT as it is called by its practitioners – is intelligence which is directly collected through interpersonal contact as opposed to more technical and often indirect intelligence collection methods. The following case demonstrates how a human intelligence collection operation can be utilized as a proactive and highly effective compliance countermeasure. Several years ago, a client came to us seeking assistance with a civil action involving an overseas insurance claim. The client alleged that the defendant, a well-known multinational company, was paying bribes to foreign officials and others to create bogus documents that were being used in their ongoing civil dispute.

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Anti-Corruption


New S.E.C. Chairman Pledges to Look After Ordinary Investors 

New S.E.C. Chairman Pledges to Look After Ordinary Investors 

In his first public speech as the nation’s top securities cop, Walter J. Clayton sought on Wednesday to send a message that he would … Read More

Hiring Chief Risk Officers Led Banks to Take on Even More Risk

Hiring Chief Risk Officers Led Banks to Take on Even More Risk

Risk taking by big U.S. banks exploded in the years leading up to the 2008 financial crisis, with disastrous consequences for American … Read More

German Submarine affair ‘Biggest episode of corruption’ says Yair Lapid 

German Submarine affair ‘Biggest episode of corruption’ says Yair Lapid 

As Finance Minister, Lapid was responsible for negotiating with Germany to acquire the submarines, but he said he was unaware of  … Read More

Reportedly dodgy R100m payment from SAP has prompted US and German investigations into the Gupta family

Reportedly dodgy R100m payment from SAP has prompted US and German investigations into the Gupta family

We’ve been here before, haven’t we? Another #GuptaLeaks revelation has shaken us to our collective core, only to be met by the … Read More

UK is the most corrupt country in the world

UK is the most corrupt country in the world

Falana, made the statement while speaking at the 4th edition of the Nigeria youth leadership summit in Lagos. He said the United … Read More

Sheldon Silver’s 2015 Corruption Conviction Is Overturned

Sheldon Silver’s 2015 Corruption Conviction Is Overturned

A federal appeals court on Thursday overturned the 2015 corruption conviction of Sheldon Silver, once the powerful speaker of the New … Read More

Governance and Ethics


 Sabah al-Binali: your guide to handling ethical management issues

Sabah al-Binali: your guide to handling ethical management issues

You have spent a lot of time honing your business ethics, governance and compliance skills, but time and again you find yourself in … Read More

Government agencies must consider ethics of data use, and not just their own

Government agencies must consider ethics of data use, and not just their own

Government agencies have a higher ethical obligation than other organisations because they exercise the unique powers of the state, … Read More

‘Lack of governance allowed certain editorial policies to be changed improperly’

‘Lack of governance allowed certain editorial policies to be changed improperly’

JOHANNESBURG – The South African Broadcasting Corporation’s (SABC) interim board says the lack of governance has allowed certain … Read More

Code Of Ethics

Code Of Ethics

With the current controversy surrounding the permitting of CAFOs in Yankton County and concerns being voiced about the seeming … Read More

AVs may one day have human-like ethics built in

AVs may one day have human-like ethics built in

Robot and artificial intelligence (AI) ethics are hotly debated with big names on both sides. The Ethics and Governance of Artificial … Read More

NPU blasts city’s Ethics Commission

NPU blasts city’s Ethics Commission

NORWICH — The performance of the city’s Ethics Commission in investigating complaints against city officials who attended a lavish May … Read More

Anti-Money Laundering


Threat finance has become big business

Threat finance has become big business

According to the UN Office on Drugs and Crime, in 2012 illicit cash flows were estimated to account for 2%-5% of the global GDP, … Read More

More than 400 charged in health fraud schemes worth $1.3 billion 

More than 400 charged in health fraud schemes worth $1.3 billion 

INDIANAPOLIS, Ind. – U.S. prosecutors have charged more than 400 people with taking part in health care fraud and opioid scams that … Read More

HSBC won’t have to release money-laundering report

HSBC won’t have to release money-laundering report

HSBC, one of the biggest banks in the world, won a major victory on Wednesday when a New York federal appeals court reversed a lower … Read More

Sebi eases restrictions on 32 entities accused of tax evasion, laundering

Sebi eases restrictions on 32 entities accused of tax evasion, laundering

Markets regulator Sebi on Wednesday relaxed restrictions on 32 entities against whom it had taken action in case of alleged misuse of … Read More

DOJ Settled Massive Russian Fraud Case Involving Lawyer Who Met With Trump Jr. 

DOJ Settled Massive Russian Fraud Case Involving Lawyer Who Met With Trump Jr. 

Democratic congressmen on the House Judiciary Committee want to know why Attorney General Jeff Sessions abruptly settled a money … Read More

Malaysian jailed for money laundering 

Malaysian jailed for money laundering 

The Jambi District Court has sentenced Malaysian national Yeuw Kong Yuleh, also known as Alung, to one year and six months in prison … Read More

Cyber Risk


SC Media asks the industry: Is cyber attack insurance worth it?

SC Media asks the industry: Is cyber attack insurance worth it?

UK financial services body the Prudential Regulation Authority (PRA) has issued a warning to insurers regarding the risk of claims for … Read More

So your company is on social media, are you practicing safe tweeting?

So your company is on social media, are you practicing safe tweeting?

Social media has evolved from a mere millennial fad into a preferred marketing tool used by businesses across Asia Pacific. With Asia … Read More

CEO of bitcoin exchange MtGox pleads not guilty to embezzlement

CEO of bitcoin exchange MtGox pleads not guilty to embezzlement

TOKYO (REUTERS/AFP) – The 32-year-old chief executive of defunct Mt Gox pleaded not guilty on Tuesday (July 11) to charges relating to … Read More

Cyber threats: You are the key to keeping your computer safe 

Cyber threats: You are the key to keeping your computer safe 

Yet another major cyber extortion campaign recently wrecked computer networks all over the world – and we need to start thinking about … Read More

Are Smart Cities Prepared For Cyber Attacks

Are Smart Cities Prepared For Cyber Attacks

Last month India’s largest container port JNPT was hit by a malware attack that crippled the operations of one of its terminals. After … Read More

Costs of malware attack on DLA Piper could be in the millions; does insurance cover it?

Costs of malware attack on DLA Piper could be in the millions; does insurance cover it?

Appropriate insurance could cover many of the costs associated with the malware attack on DLA Piper last month, insurance experts say.

Security Risks


Britain’s economic security put at risk by growing reliance on taxing the rich, OBR warns

Britain’s economic security put at risk by growing reliance on taxing the rich, OBR warns

Britain’s economic security is being put at risk by the growing reliance on taxing the wealthiest, the official financial watchdog has … Read More

Verizon Security Breach: Data Of 6 Million Users At Risk 

Verizon Security Breach: Data Of 6 Million Users At Risk 

The names, addresses and personal identification numbers (PINs) from six million Verizon users were at risk of being leaked, security … Read More

Beating back ransomware: How hospitals, tech vendors and big pharma can help each other 

Beating back ransomware: How hospitals, tech vendors and big pharma can help each other 

U.S.-based pharmaceutical kingpin Merck was among many organizations affectedJune 27 by the Petya cyberattack, showing pharmaceutical … Read More

Cardless ATMs are cool, but you still may get ripped off

Cardless ATMs are cool, but you still may get ripped off

Several financial institutions have introduced smart ATMs to their branches in recent months. The cardless ATM sends a code to the … Read More

Top ’17 Retail Risks are Economic Conditions, Regulations, Security

Top ’17 Retail Risks are Economic Conditions, Regulations, Security

Even as retailers face a variety of threats in 2017, the one that ranks highest is “general economic conditions,” which was also the … Read More

Millennials Pose Greatest IT Security Risk of Any Group

Millennials Pose Greatest IT Security Risk of Any Group

A majority of IT professionals believe millennialsare most likely to put sensitive information at risk, but each generation poses … Read More

North America


Judge rules pacemaker data admissible in court

Judge rules pacemaker data admissible in court

Defendant Ross Compton, who faces aggravated arson charges, claims he was woken by a fire at home, packed a case, broke a window and … Read More

DOJ announces charges against 400 people for $1.3 billion in health-care fraud 

DOJ announces charges against 400 people for $1.3 billion in health-care fraud 

More than 400 people across the country have been charged with participating in health care fraud scams totaling about $1.3 billion in … Read More

MIT research scientist arrested for insider trading

MIT research scientist arrested for insider trading

BOSTON (Reuters) – A research scientist at Massachusetts Institute of Technology was arrested on Wednesday on charges that he engaged … Read More

JBS USA scrutinized following meat scandal 

JBS USA scrutinized following meat scandal 

Some might question the business dealings of meatpacking giant JBS, while others say the company has modeled the American dream.

U.S. Special Envoy Meets Religious Leaders Over Corruption 

U.S. Special Envoy Meets Religious Leaders Over Corruption 

The Religious Leaders Anti-Corruption (RLAC) working group was formed in 2016 by Muslim and Christian religious leaders with the … Read More

Chuck Blazer obituary 

Chuck Blazer obituary 

On a bright May morning two years ago, the world was shocked by pictures of top officials of Fifa, the international football … Read More

Latin America


SA’s future? Corrupt Brazilian icon Lula sentenced to prison 

SA’s future? Corrupt Brazilian icon Lula sentenced to prison 

As the corporate chips start to fall in South Africa with the slow release of the #Guptaleaks emails, it’s fascinating to scan one’s … Read More

Guatemala says ex-Mexican governor could be extradited within a week

Guatemala says ex-Mexican governor could be extradited within a week

GUATEMALA CITY (Reuters) – Guatemala is ready to turn over to Mexico next week a former state governor wanted on charges of … Read More

Former Peru President Faces Prison Sentence In Corruption Case

Former Peru President Faces Prison Sentence In Corruption Case

LIMA — Prosecutors in Peru have requested a preventive prison term for former President Ollanta Humala (2011-2016) and his wife, … Read More

Guatemala: Indigenous Groups Call for Morales’ Resignation 

Guatemala: Indigenous Groups Call for Morales’ Resignation 

Indigenous groups in Guatemala have called a 48 hour national strike and are holding street protests to demand the resignation of … Read More

Fazl raises questions over Panama leaks probe

Fazl raises questions over Panama leaks probe

The Maulana while addressing a party gathering on Wednesday alleged that certain political parties had united under an international … Read More

Getting away with corruption in paradise

Getting away with corruption in paradise

There are lessons to be learnt from the conviction on corruption charges and subsequent ten-year prison sentence dealt out to the once … Read More

Asia


A Microsoft font may have exposed corruption in Pakistan 

A Microsoft font may have exposed corruption in Pakistan 

The Microsoft font Calibri is now a key piece of evidence in a corruption investigation surrounding Pakistan’s prime minister. … Read More

At the center of a corruption case involving the Pakistani Prime Minister is a font

At the center of a corruption case involving the Pakistani Prime Minister is a font

Islamabad, Pakistan (CNN)The Microsoft font Calibri could be an unlikely smoking gun in a corruption scandal which has mired Pakistan’s Read More

Study Finds India Is Asia’s Most Corrupt Country, While Japan Comes In Last

Study Finds India Is Asia’s Most Corrupt Country, While Japan Comes In Last

One of the main objective of the current Indian government led by Prime Minister Narendra Modi has been to make India corruption free. … Read More

Australian Company Develops Invisible Technology to Combat Food Fraud

Australian Company Develops Invisible Technology to Combat Food Fraud

An Australian company called YPB Group has developed an all-new anti-fraud technology to assist local and international food product … Read More

Denmark Charges OW Bunker’s Singapore Head With Fraud 

Denmark Charges OW Bunker’s Singapore Head With Fraud 

COPENHAGEN — Denmark’s state prosecutor charged the former manager of OW Bunker’s Singapore subsidiary with fraud on Thursday but … Read More

Prisons chief says he is open to Sasikala corruption probe 

Prisons chief says he is open to Sasikala corruption probe 

Rubbishing a report submitted by a prison officer alleging that All India Anna Dravida Munnetra Kazhagam (AIADMK) leader VK Sasikala, … Read More

Europe


EU tells Ukraine to intensify anti-corruption efforts

EU tells Ukraine to intensify anti-corruption efforts

The European Union has urged Ukraine to ramp up its battle with corruption if it wants to move closer to the bloc and attract … Read More

Lionel Messi Prison Sentence for Tax Fraud Dropped to Fine by Spanish Courts

Lionel Messi Prison Sentence for Tax Fraud Dropped to Fine by Spanish Courts

Lionel Messi’s 21-month prison sentence for tax fraud has officially been reduced to a €252,000 fine, seemingly bringing an end to the … Read More

Jail term for Spanish king’s brother-in-law could rise to ten years 

Jail term for Spanish king’s brother-in-law could rise to ten years 

Spanish prosecutors said Monday they have asked that the six-year jail term given to the king’s brother-in-law for graft be increased … Read More

Airbus Says Row Over Austria Eurofighter Order Harming Industry 

Airbus Says Row Over Austria Eurofighter Order Harming Industry 

VIENNA — Airbus has said a row over Austria’s deal to buy Eurofighter planes was undermining the reputation of suppliers to Europe’s … Read More

Man jailed over ACE London insurance fraud | Insurance Business

Man jailed over ACE London insurance fraud | Insurance Business

A former businessman from Dallas is headed to prison for seven years for running an insurance scam that targeted a British company.

Serious Fraud Office launches probe into Amec Foster Wheeler

Serious Fraud Office launches probe into Amec Foster Wheeler

Amec Foster Wheeler is being investigated by the Serious Fraud Office over its dealings with Unaoil over possible bribery and … Read More

Middle East

Netanyahu allies deny PM approved German submarine sale to Egypt 

Netanyahu allies deny PM approved German submarine sale to Egypt 

The allegations over the submarines for Egypt resurfaced as the PM’s supporters launched a media blitz to try and distance Netanyahu … Read More

Saudi Interior Ministry warns of social media fraud campaign

Saudi Interior Ministry warns of social media fraud campaign

JEDDAH: Saudi Arabia’s Ministry of Interior has warned social media users to be aware of a fraudulent online campaign in which users … Read More

Ex-defense minister says ‘corrupt’ Israeli PM should quit – ABC News

Ex-defense minister says ‘corrupt’ Israeli PM should quit – ABC News

A former defense minister called Israeli Prime Minister Benjamin Netanyahu “corrupt” on Thursday and said he should resign over a … Read More

Pakistan PM’s daughter, heir apparent in corruption probe crosshairs 

Pakistan PM’s daughter, heir apparent in corruption probe crosshairs 

ISLAMABAD, July 13 (Reuters) – A damning judicial report into the family wealth of Pakistan’s Prime Minister Nawaz Sharif threatens not Read More

Duties, taxes, corruption: How the government abets the smuggling of gold

Duties, taxes, corruption: How the government abets the smuggling of gold

By now, almost every savvy person in the bullion markets is familiar with the saga of gold smuggling into India.

Netanyahu’s former defence minister predicts Israeli PM will face corruption charges 

Netanyahu’s former defence minister predicts Israeli PM will face corruption charges 

Mr Netanyahu has been the subject of three separate investigations, one of which involves allegations he accepted lavish gifts from … Read More

 Africa


SAP suspends SA staff after allegations of Gupta kickbacks

SAP suspends SA staff after allegations of Gupta kickbacks

Global software giant SAP has launched an anti-corruption investigation into allegations that its South African staff arranged … Read More

South Africa’s Ramaphosa Slams Graft Under Zuma as ANC Divide Widens

South Africa’s Ramaphosa Slams Graft Under Zuma as ANC Divide Widens

JOHANNESBURG (Reuters) – South African Deputy President Cyril Ramaphosa on Wednesday criticized the corruption that has damaged the … Read More

US, Nigeria team up to help citizens report corruption 

US, Nigeria team up to help citizens report corruption 

LAGOS, Nigeria — The United States government is teaming up with Nigerian groups to launch a web-based platform allowing people to … Read More

Op-Ed: How corruption is fraying South Africa’s social and economic fabric 

Op-Ed: How corruption is fraying South Africa’s social and economic fabric 

South Africans are not happy. According to the recent Bloomberg’s Misery Index, South Africa is the second-most miserable country on … Read More

How to fight the system that is corruption

How to fight the system that is corruption

I had a very heated conversation the other night on effecting change in the society. I think the level of corruption in Kenya is … Read More

Another Nigerian judge reinstated by NJC docked for alleged corruption 

Another Nigerian judge reinstated by NJC docked for alleged corruption 

Justice James Agbadu-fishim of the National Industrial Court, Lagos Division, was on Tuesday hauled up before Justice Raliatu Adebiyi … 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

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