The new home of the FCPA Newswire edited by Mike Kenealy
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.
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.
At a typical FCPA conference, participants are a face in the crowd and information is presented in a disjointed fashion by dozens of speakers appearing on multiple panels. The end result is that participants have little opportunity for actual engagement and active learning.
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.
It’s tough to turn down a sale in any business, but it’s a particular challenge when you’re a struggling aerospace and rail company on … Read More
Ethiopia has arrested its state minister for finance on suspicion of corruption, state-run television said on Friday, part of an … Read More
Mayor de Blasio claims he barely knew them, but explosive e-mails released Friday show that two of his major campaign donors who were … Read More
The JUI-F demonstrated in Mirpur Mathelo against corruption in Sindh. Thousands of activists of the JUI-F led by its Secretary General … Read More
BRUSSELS, August 03, 2017 – Reports that German car-maker Volkswagen fraudulently secured €400 million in loans from the European … Read More
After hosting a discussion earlier this summer, the Vatican office for justice has outlined several goals and action points in their … Read More
Governance and Ethics
It could pave the way for improved in vitro fertilization outcomes as well as eventual cures for some thousands of diseases caused by … Read More
Australia’s not-for-profit sector is fortunate to enjoy high levels of trust and confidence within the community. NFPs have earned thisRead More
The announcement was made late on Friday, as directors faced a growing push from dissident members for a spill of the entire board.
Hipster is the sort of word that summons up images of middle-aged men in dark glasses who listen to John Coltrane, even when nobody is … Read More
Jamshedpur, Aug. 3: Tata Steel observed the closing ceremony of the Ethics Month 2017, today, at the Steelenium Hall inside the Works … Read More
SYDNEY (Reuters) – The Commonwealth Bank of Australia (CBA.AX) said on Monday a software “coding error” was responsible for the “vast … Read More
Victims paid more than $140,000 (£107,000) in bitcoins to recover files scrambled by Wannacry.
“On 21 July 2017 the FCA notified RBS that it is undertaking an investigation into RBS PLC’s compliance with the Money Laundering … Read More
The Australian Prudential Regulation Authority gave a presentation to the Basel Committee on Banking Supervision in October 2001 … Read More
ICOs may be a boon to money laundering, regulators are watching bitcoin, ethereum and other cryptocurrencies
Cryptocurrencies have exploded in popularity in recent years that has led to a red-hot fundraising trend where start-ups bring in … Read More
Austrac, Australia’s financial crime control agency, has alleged that the Commonwealth Bank of Australia had delayed or failed to … Read More
Of all the potential loss events banks’ operational risk managers are tasked with trying to model, cyber attacks are among the … Read More
The three Bitcoin wallets that are linked to the WannaCry malware, which hit hundreds of thousands of networks using MicrosoftCorp’s … Read More
Insurer Anthem recently began notifying 18,580 of its members that their personal information may have been exposed when an employee of Read More
In an earlier version of the study it ranked No.15 but due to the number of countries sharing the same positions, its updated placement Read More
Nothing seems to last quite as long as a temporary state of affairs. This week, fund managers voiced concerns on two aspects of the … Read More
LAS VEGAS — A U.S. judge in Law Vegas set a $30,000 bail on Friday for a famed British cyber security researcher accused of advertisingRead More
AUGUSTA, Ga. (WRDW/WAGT) — Patient files are only the tip of the iceberg when it comes to cyber security problems in healthcare.
On July 22, the Hungarian Prime Minister, Viktor Orban, stood before university students and delivered a speech titled ‘Will Europe … Read More
August is one of the busiest vacation months of the year, and up to 80 percent of travelers book their trips or hotel reservations … Read More
Suburban Commonwealth Bank staff raised the alarm about the organisation’s “crazy” lack of security measures that allowed tens of … Read More
The nation’s major airlines have either said they will work with authorities in the face of an expected widespread security … Read More
In 2013, the Los Angeles Times broke the story of an immense scandal involving the fraudulent opening of accounts in customers’ names … Read More
An Arizona drug company is preparing to spend as much as $4.5 million to potentially settle a lawsuit brought against it by Illinois … Read More
The FBI in a statement released August 2016 said that in the preceding four years, it initiated nearly 5,000 investigations into public Read More
A federal jury has found Martin Shkreli guilty on multiple criminal securities fraud charges, and faces years in prison once he is … Read More
A Bulgarian ex-banker is pushing to be the first case considered under the Global Magnitsky Human Rights Accountability Act, a law … Read More
MONTREAL — Criminal charges against the doctor accused of committing what Quebec authorities described as the biggest corruption fraud … Read More
South American trade bloc Mercosur has suspended Venezuela indefinitely in a symbolic show of force following President Nicolás … Read More
During rush week, aspiring frat boys endure all manner of indignities. They all want to join the exclusive club, and they’re willing to Read More
Mexico City (CNSNews.com) – Mexican anti-corruption advocates are giving an enthusiastic thumbs up to sweeping new anti-corruption law … Read More
“The Odebrecht scandal is the drop that has overflowed the glass of Panamanian’s patience, but Odebrecht is not the only company that … Read More
The state’s attorney general is asking Indiana residents to take care in verifying the legitimacy of offers that claim they may have … Read More
Venezuelan opposition leader Leopoldo Lopez was returned to house arrest on Saturday after being detained in military prison for four … Read More
SEOUL — After four months of laying out their case against Samsung’s heir apparent, South Korean prosecutors will on Monday call … Read More
China’s anti-graft watchdog said on Wednesday that one of its former senior inspectors had been expelled from the Communist Party after Read More
In a country where many anti-corruption measures have been dismissed as window dressing, back-to-back critical developments in a week … Read More
Immigration New Zealand officials are being investigated for granting visas and residency to family and friends, a Herald investigationRead More
Trade has grown tremendously between Asia and Middle East in recent years and a significant portion of trading is conducted via the … Read More
The Penang state government signed the corruption-free pledge today in George Town August 4, 2017. — Picture by Opalyn Mok
SNP business manager Councillor Allan Stubbs said: “Like everyone else in Scotland, Councillor Logue has the right to be considered … Read More
British American Tobacco is being investigated for possible fraud regarding company activities in Africa, it announced on Tuesday.
France’s privacy office has issued new guidance on whistle-blower hotlines in its latest update to 2005 guidelines aimed at resolving aRead More
The crisis in Venezuela is a damning indictment of socialism. On paper, it promises equality and justice. In practice, it delivers … Read More
A Vatican consultation group will consider initiatives to bolster the fight against corruption and organized crime, including by … Read More
Ukraine’s parliament is off for summer recess without adopting the bill on a truly independent anti-corruption court. However, it also … Read More
Yousef Al-Otaiba, the UAE’s ambassador to the United States, is alleged to be involved in a major global corruption scandal.
Tunisia’s Ministry of Finance has ordered 35 custom officers to appear before a disciplinary council for “professional … Read More
Benjamin Netanyahu is suspected of having committed bribery, fraud and breach of trust, Israeli police have confirmed.
Pakistan’s parliament has voted to elect a stop-gap Prime Minister after the longest-serving civilian leader in its history, Nawaz … Read More
The International Monetary Fund is best known for doling out financial advice to governments and supporting programs that it believes … Read More
JERUSALEM — Israeli Prime Minister Benjamin Netanyahu’s circle attempted to convey calm Sunday amid reports of a slew of corruptions … Read More
Ethiopia has arrested its state minister for finance on corruption charges, state-run television said on Friday, but offered no furtherRead More
If nothing else, the Gupta leaks have shown us how perilously close South Africa is to losing everything so many people fought so hard … Read More
Boniface Mwangi, who is standing in Nairobi’s Starehe constituency, is an activist-turned-candidate, notorious for leading years of … Read More
The banking industry recorded a decline in the rate of successful fraud incidences and extent of amount of losses in 2016, compared to … Read More
Chief Olusegun Osoba, former governor of Ogun State was a member of the merger committee that gave birth to the All Progressives … 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.
Categories: Justice News