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 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.
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.
General Motors Co. has suspended a top labor executive charged in a $4.5 million-plus corruption scandal tied to his tenure at rival … Read More
BERLIN, Aug 15 (Reuters) – German efforts to overcome a diesel scandal were dealt a blow on Tuesday after prosecutors widened a … Read More
The police will not investigate the business of Interior Minister Robert Kaliňák and former transport minister Ján Počiatek with tax … Read More
BAGHDAD (Reuters) – The governor of the oil city of Basra has stepped down and gone to Iran after Iraq’s anti-corruption body began … Read More
State Rep. Marc Gergely, D-White Oak, pleaded guilty Tuesday to charges of conspiracy and an illegal campaign contribution — connected … Read More
Bureau of Customs (BOC) commissioner Nicanor Faeldon refused to answer questions from Senator Antonio Trillanes IV on whether there is … Read More
Governance and Ethics
The world of officialdom has clear lines of authority, but decisions don’t always happen in an orderly way. You might, for example, … Read More
The proposal for approval of appointment of Mr. Deepak Kapoor, former Chairman of Pricewaterhousecoopers India (pwc) as an … Read More
Every company has done it. Chief Compliance Officers have had to hold their respective noses and push forward with due diligence to … Read More
Snap is worthy of a Harvard Business School masterclass. Like a train wreck in slow motion, shares in the Snapchat owner tumbled nearly Read More
We seek an exceptional candidate to undertake the role of Head of Department of Accounting and Corporate Governance.
SINCE the Nigerian Communications Commission, NCC, released the code of corporate governance in 2016, there has been complaints in some Read More
NEW DELHI: Cracking down on the misuse of the stock market for money laundering, regulator Sebi said it has stepped up “focused … Read More
Commonwealth Bank of Australia has said its chief executive Ian Narev will retire by the end of June 2018 following wide-ranging money … Read More
Israeli police arrested a French-Israeli billionaire Beny Steinmetz and several businessmen in an international investigation of money … Read More
COPENHAGEN, Aug 15 (Reuters) – Danish police last week raided Swedish banking group Nordea’s offices in Copenhagen as part of an … Read More
Businessman Clifton Bacchus today said he is unaware that his hotel Sleepin is the subject of a money laundering probe as alleged in a … Read More
Commonwealth Bank’s long record as the nation’s premium bank is up for grabs after chairman Catherine Livingstone launched a global … Read More
As health care costs continue to climb and risks of losing customer information to cyber attacks grow, there is some relief coming to … Read More
A report by Lockton has revealed that UK businesses are severely “unprepared for a cyber shock”.
In an email to staff on Tuesday, Sir Paul Grice warned MSPs and their staff to take care when “opening any emails from external … Read More
British security researcher Marcus Hutchins is under house arrest in the US after appearing in court in Milwaukee, Wisconsin, and … Read More
Distributed Denial of Service (DDoS) attacks caused substantial damage to organisations across APAC and the world in the past year.
Anyone can be trained to spot online threats, and training is a key component to battling cyber crime. There is no magic bullet to stop Read More
A Florida doctor has been sentenced to nearly six years in prison for smuggling misbranded and unapproved cancer drugs into America, … Read More
When asked to identify whether two near identical emails (one real, one fake) showing an online account statement update for a bank … Read More
U.S. Customs and Border Protection (“CBP”), the primary federal agency responsible for securing America’s borders, is also charged with Read More
STERLING, VA — One can be as cautious as one wants when withdrawing cash from ATM machines, if only make certain there’s no threat of … Read More
After infiltrating your bank account and email, the next big high for a rogue hacker is combing your credit history — data that capture Read More
JBS SA will proceed with plans to list a U.S.-based unit when market conditions allow, as the world’s No. 1 meatpacker wrestles with a … Read More
JACKSON, Miss. (AP) — One of the nation’s largest military shipyards is paying $9.2 million back to the federal government after a … Read More
A global mining giant seeking public funds to develop one of the world’s largest coal mines in Australia has been accused of … Read More
Lake Forest, Ill.-based firm that handles medical waste, said it received a subpoena relating to its compliance with U.S. … Read More
Federal prosecutors have named the CFO of Red Granite Pictures, Douglas Hansen, as an “independent” fiduciary to oversee the company, … Read More
Fraud on Navy and Coast Guard contracts at Ingalls Shipbuilding cost taxpayers up to $11.3 million dollars, prosecutors have said, but … Read More
The arrest comes only days after his cousin and two suspected associates were also detained, according to Colombia Reports.
When the 32nd Biennale of Sao Paulo opened its doors last year, the title could not have been more fitting as Brazil was in the throes … Read More
MEXICO CITY (Reuters) – A close former aide of Mexican President Enrique Pena Nieto, “categorically denied” allegations he received $10 Read More
A few of months ago, journalist Charlie Rose – who we can definitely count among the world’s most well-informed individuals – engaged … Read More
During the colonial period, the Spanish Americas were governed under the 14th-century formula, “Obedézcase, pero no se cumpla”: obey, … Read More
Manolo Miranda, leader of an indigenous community recently flooded by the Barro Blanco dam, now faces up to two years in prison for … Read More
COLOMBO (Reuters) — Sri Lanka’s foreign minister resigned on Thursday over corruption charges in an investigation of alleged … Read More
New Delhi: Prime Minister Narendra Modi marked 70 years of Indian independence Tuesday with an impassioned defence of his war on … Read More
JAKARTA: A witness in a US$170 million Indonesian graft investigation linked to a national electronic identity card system told a … Read More
Vietnam’s Communist Party has set out rules for top officials with an emphasis on fighting corruption, avoiding nepotism and living … Read More
MANILA, Philippines – Brothers Datu Sajid Islam Ampatuan and Andal Ampatuan Jr n Tuesday, August 15, pleaded not guilty … Read More
Claude Ruchti* is extremely disappointed. The 55-year-old Swiss ex-banker lives in southern Burgundy, France.
KIEV, August 14. /TASS/. The National Anti-Corruption Bureau of Ukraine is probing into more than 100 criminal cases over corruption at Read More
Detectives of the National Anti-Corruption Bureau of Ukraine (NABU) are engaged in the investigation of more than one hundred criminal … Read More
The chief executive of a London telecoms company has been fired after it alleged that he had been lying about his true identity for at … Read More
The actor Danny Glover and Senator Bernie Sanders are preparing to lobby the French government for help in the heated attempt to … Read More
A spokesman for North Lanarkshire Council said: “I can confirm that a request has been received for a special meeting which will be … Read More
If you’re looking for a poster-boy for the seeming depth of corruption in Israel, ex-banker David Granot is your man.If you’re looking … Read More
BAGHDAD, Aug 15 (Reuters) – The governor of the oil city of Basra has stepped down and gone to Iran after Iraq’s anti-corruption body … Read More
Israeli police on Monday detained Israeli billionaire diamond magnate Beny Steinmetz and four other suspects for questioning in a fraud Read More
According to PayFort’s State of Payments 2016 report, 42% of Egyptian consumers shop online, yet 91% of Egyptian shoppers still use … Read More
ERBIL, Kurdistan Region (Kurdistan 24) – The governor of Iraq’s oil rich city of Basra has allegedly fled to Iran amid allegations of … Read More
A travel plan was due to be put in place when Al Naswari left the country.
OUTA’s Chief Operating Officer Ben Theron says “the charges relate to Pamensky’s conduct while he was a director of Eskom and of at … Read More
VICE chancellor, University of Ilorin, Professor Abdulganiyu Ambali, has said that materialism and corruption are two basic attitudinal Read More
The Directorate for Priority Crime Investigation (HAWKS) arrested a Major General on corruption charges on Sunday, 13 August 2017.
“Zuma, his backers and thieving cronies must go!” This is the often-heard call currently resonating across the landscape, repeated in … Read More
Finally, after decades of post-independence dictatorships, the shameful rigging of presidential elections, and post-election violence … Read More
The Ijaw born activist noting that corruption was the major thing holding the country back said: “We all seem to be a confused bunch of 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.
Categories: Justice News