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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 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.

Featured Articles


FCPA Institute 

FCPA Institute 

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.

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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

General Motors suspends executive charged in FCA-UAW corruption scandal

General Motors suspends executive charged in FCA-UAW corruption scandal

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

German green group to pursue diesel bans as agreed steps inadequate 

German green group to pursue diesel bans as agreed steps inadequate 

BERLIN, Aug 15 (Reuters) – German efforts to overcome a diesel scandal were dealt a blow on Tuesday after prosecutors widened a … Read More

Interior minister will not be prosecuted for corruption

Interior minister will not be prosecuted for corruption

The police will not investigate the business of Interior Minister Robert Kaliňák and former transport minister Ján Počiatek with tax … Read More

Iraq oil city governor quits, travels to Iran after corruption investigation

Iraq oil city governor quits, travels to Iran after corruption investigation

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 pleads guilty to corruption charges 

State Rep. Marc Gergely pleads guilty to corruption charges 

State Rep. Marc Gergely, D-White Oak, pleaded guilty Tuesday to charges of conspiracy and an illegal campaign contribution — connected … Read More

Philippines: Faeldon in standoff with Trillanes before admitting corruption in BOC

Philippines: Faeldon in standoff with Trillanes before admitting corruption in BOC

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

How to cement strong, ethical relationships with overseas officials

How to cement strong, ethical relationships with overseas officials

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

Is Corporate Governance a  mere mirage

Is Corporate Governance a  mere mirage

The proposal for approval  of appointment of  Mr. Deepak Kapoor, former Chairman of Pricewaterhousecoopers India (pwc) as an … Read More

Retaining a “Risky” Third-Party – Corruption, Crime & Compliance

Retaining a “Risky” Third-Party – Corruption, Crime & Compliance

Every company has done it. Chief Compliance Officers have had to hold their respective noses and push forward with due diligence to … Read More

The ‘corporate governance nightmare’ that is Snap

The ‘corporate governance nightmare’ that is Snap

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

Head of Department, Accounting and Corporate Governance 

Head of Department, Accounting and Corporate Governance 

We seek an exceptional candidate to undertake the role of Head of Department of Accounting and Corporate Governance.

Why code of corporate governance applies to private companies

Why code of corporate governance applies to private companies

SINCE the Nigerian Communications Commission, NCC, released the code of corporate governance in 2016, there has been complaints in some Read More

Anti-Money Laundering


Sebi steps up surveillance on money laundering activities

Sebi steps up surveillance on money laundering activities

NEW DELHI: Cracking down on the misuse of the stock market for money laundering, regulator Sebi said it has stepped up “focused … Read More

CBA boss to retire after money laundering suit

CBA boss to retire after money laundering suit

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

One of the Richest Israeli Businessmen was Arrested for Money Laundering 

One of the Richest Israeli Businessmen was Arrested for Money Laundering 

Israeli police arrested a French-Israeli billionaire Beny Steinmetz and several businessmen in an international investigation of money … Read More

Danish police say raided Nordea in Copenhagen in money-laundering probe

Danish police say raided Nordea in Copenhagen in money-laundering probe

COPENHAGEN, Aug 15 (Reuters) – Danish police last week raided Swedish banking group Nordea’s offices in Copenhagen as part of an … Read More

Clifton Bacchus says unaware Sleepin subject of money laundering probe 

Clifton Bacchus says unaware Sleepin subject of money laundering probe 

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

CBA chief Ian Narev to go amid money-laundering scandal

CBA chief Ian Narev to go amid money-laundering scandal

Commonwealth Bank’s long record as the nation’s premium bank is up for grabs after chairman Catherine Livingstone launched a global … Read More

Cyber Risk


Wine business relief for health care, cyber crime costs 

Wine business relief for health care, cyber crime costs 

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

UK businesses “unprepared for a cyber shock” 

UK businesses “unprepared for a cyber shock” 

A report by Lockton has revealed that UK businesses are severely “unprepared for a cyber shock”.

hackers launch cyber attack against msps email system

hackers launch cyber attack against msps email system

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

WannaCry hero Marcus Hutchins under house arrest

WannaCry hero Marcus Hutchins under house arrest

British security researcher Marcus Hutchins is under house arrest in the US after appearing in court in Milwaukee, Wisconsin, and … Read More

Why DDoS attacks show no signs of slowing down

Why DDoS attacks show no signs of slowing down

Distributed Denial of Service (DDoS) attacks caused substantial damage to organisations across APAC and the world in the past year.

United approach needed on cyber security

United approach needed on cyber security

A new report from Deloitte has highlighted the regulatory challenges for financial institutions in the Asia-Pacific and says regulators Read More

Security Risks


Do-it-yourself cyber security: Tips to detect, protect 

Do-it-yourself cyber security: Tips to detect, protect 

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

US doc gets six years for in unapproved cancer drug case

US doc gets six years for in unapproved cancer drug case

A Florida doctor has been sentenced to nearly six years in prison for smuggling misbranded and unapproved cancer drugs into America, … Read More

MISCO study finds a quarter of UK adults have fallen for phishing scams

MISCO study finds a quarter of UK adults have fallen for phishing scams

When asked to identify whether two near identical emails (one real, one fake) showing an online account statement update for a bank … Read More

Catching Counterfeits: Customs Recordation and IP Enforcement 

Catching Counterfeits: Customs Recordation and IP Enforcement 

U.S. Customs and Border Protection (“CBP”), the primary federal agency responsible for securing America’s borders, is also charged with Read More

Armed ATM Robbery Victimizes Man In Sterling 

Armed ATM Robbery Victimizes Man In Sterling 

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

Your credit data is at risk as hackers seek to bully startups

Your credit data is at risk as hackers seek to bully startups

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

North America


JBS seeks U.S. unit IPO as Brazil presses for CEO’s ouster

JBS seeks U.S. unit IPO as Brazil presses for CEO’s ouster

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

Shipyard Repays  US Government to Settle Overbilling 

Shipyard Repays US Government to Settle Overbilling 

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

Adani mining giant faces financial fraud claims as it bids for Australian coal loan

Adani mining giant faces financial fraud claims as it bids for Australian coal loan

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

Firm Discloses SEC Subpoena in Bribery Probe 

Firm Discloses SEC Subpoena in Bribery Probe 

Lake Forest, Ill.-based firm that handles medical waste, said it received a subpoena relating to its compliance with U.S. … Read More

Red Granite’s CFO back in charge of finances amid 1MDB-linked corruption probe 

Red Granite’s CFO back in charge of finances amid 1MDB-linked corruption probe 

Federal prosecutors have named the CFO of Red Granite Pictures, Douglas Hansen, as an “independent” fiduciary to oversee the company, … Read More

Justice Department, Ingalls settle whistleblower lawsuit

Justice Department, Ingalls settle whistleblower lawsuit

Fraud on Navy and Coast Guard contracts at Ingalls Shipbuilding cost taxpayers up to $11.3 million dollars, prosecutors have said, but … Read More

Latin America


Colombian Senator Jailed for Accepting Odebrecht Bribes

Colombian Senator Jailed for Accepting Odebrecht Bribes

The arrest comes only days after his cousin and two suspected associates were also detained, according to Colombia Reports.

Artists in uncertain times at Mambo

Artists in uncertain times at Mambo

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

Former Mexican presidential aide denies taking bribes from Odebrecht

Former Mexican presidential aide denies taking bribes from Odebrecht

MEXICO CITY (Reuters) – A close former aide of Mexican President Enrique Pena Nieto, “categorically denied” allegations he received $10 Read More

The Soft Power Of Brazil’s ‘Car Wash’ Corruption Probe 

The Soft Power Of Brazil’s ‘Car Wash’ Corruption Probe 

A few of months ago, journalist Charlie Rose – who we can definitely count among the world’s most well-informed individuals – engaged … Read More

Governors gone wild: Mexico faces a “lost generation” of corrupt leaders 

Governors gone wild: Mexico faces a “lost generation” of corrupt leaders 

During the colonial period, the Spanish Americas were governed under the 14th-century formula, “Obedézcase, pero no se cumpla”: obey, … Read More

Panama trial of three Ngäbe leaders “a pattern” of intimidation and criminalization

Panama trial of three Ngäbe leaders “a pattern” of intimidation and criminalization

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

Asia


Sri Lanka foreign minister resigns over corruption charges- Nikkei Asian Review

Sri Lanka foreign minister resigns over corruption charges- Nikkei Asian Review

COLOMBO (Reuters) — Sri Lanka’s foreign minister resigned on Thursday over corruption charges in an investigation of alleged … Read More

India’s Modi defends war on graft 

India’s Modi defends war on graft 

New Delhi: Prime Minister Narendra Modi marked 70 years of Indian independence Tuesday with an impassioned defence of his war on … Read More

Indonesia graft witness worried about safety before his death 

Indonesia graft witness worried about safety before his death 

JAKARTA: A witness in a US$170 million Indonesian graft investigation linked to a national electronic identity card system told a … Read More

Vietnam tells officials to avoid graft and live modestly 

Vietnam tells officials to avoid graft and live modestly 

Vietnam’s Communist Party has set out rules for top officials with an emphasis on fighting corruption, avoiding nepotism and living … Read More

Philippines: Ampatuan brothers plead not guilty to corruption charges

Philippines: Ampatuan brothers plead not guilty to corruption charges

MANILA, Philippines – Brothers Datu Sajid Islam Ampatuan and Andal Ampatuan Jr n Tuesday, August 15, pleaded not guilty … Read More

North Korea and the fraud of missile defense

North Korea and the fraud of missile defense

One does not want to appear blasé about the growing North Korean missile-and-nuke threat, but it is hardly anything new. Pyongyang … Read More

Europe


Swiss expats feel ‘messed around’ by banks

Swiss expats feel ‘messed around’ by banks

Claude Ruchti* is extremely disappointed. The 55-year-old Swiss ex-banker lives in southern Burgundy, France.

Ukraine Anti-Corruption Bureau probes into 100 corruption cases involving state ventures

Ukraine Anti-Corruption Bureau probes into 100 corruption cases involving state ventures

KIEV, August 14. /TASS/. The National Anti-Corruption Bureau of Ukraine is probing into more than 100 criminal cases over corruption at Read More

NABU investigating more than 100 corruption cases at state enterprises

NABU investigating more than 100 corruption cases at state enterprises

Detectives of the National Anti-Corruption Bureau of Ukraine (NABU) are engaged in the investigation of more than one hundred criminal … Read More

Telit Communications chief fired after fraud allegations

Telit Communications chief fired after fraud allegations

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

Danny Glover and Bernie Sanders seek France’s help after Nissan union vote 

Danny Glover and Bernie Sanders seek France’s help after Nissan union vote 

The actor Danny Glover and Senator Bernie Sanders are preparing to lobby the French government for help in the heated attempt to … Read More

North Lanarkshire Council leader urged to step aside over probe 

North Lanarkshire Council leader urged to step aside over probe 

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

Middle East


Submarines, cigars and sleaze: Is Israel really all that corrupt? 

Submarines, cigars and sleaze: Is Israel really all that corrupt? 

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

Iraq oil city governor quits, travels to Iran after corruption investigation

Iraq oil city governor quits, travels to Iran after corruption investigation

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 diamond magnate held in money laundering probe 

Israeli diamond magnate held in money laundering probe 

Israeli police on Monday detained Israeli billionaire diamond magnate Beny Steinmetz and four other suspects for questioning in a fraud Read More

Going Cashless: Startup PayMob Wants To Make Egypt (And MENA) Transact From Their Mobile Phones

Going Cashless: Startup PayMob Wants To Make Egypt (And MENA) Transact From Their Mobile Phones

According to PayFort’s State of Payments 2016 report, 42% of Egyptian consumers shop online, yet 91% of Egyptian shoppers still use … Read More

Iraqi official accused of corruption flees to Iran

Iraqi official accused of corruption flees to Iran

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

Oil rich Iraq governor flees to Iran amid corruption probe

Oil rich Iraq governor flees to Iran amid corruption probe

A travel plan was due to be put in place when Al Naswari left the country.

Africa


Gupta Lieutenant Mark Pamensky faces fresh corruption charges from OUTA 

Gupta Lieutenant Mark Pamensky faces fresh corruption charges from OUTA 

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

Materialism, corruption bane of Africa underdevelopment 

Materialism, corruption bane of Africa underdevelopment 

VICE chancellor, University of Ilorin, Professor Abdulganiyu Ambali, has said that materialism and corruption are two basic attitudinal Read More

South Africa: SAPS Senior Official Arrested for Corruption 

South Africa: SAPS Senior Official Arrested for Corruption 

The Directorate for Priority Crime Investigation (HAWKS) arrested a Major General on corruption charges on Sunday, 13 August 2017.

Op-Ed: South Africa’s problem is greater and deeper than the Guptas

Op-Ed: South Africa’s problem is greater and deeper than the Guptas

“Zuma, his backers and thieving cronies must go!” This is the often-heard call currently resonating across the landscape, repeated in … Read More

Kenya shows itself capable of holding a transparent election

Kenya shows itself capable of holding a transparent election

Finally, after decades of post-independence dictatorships, the shameful rigging of presidential elections, and post-election violence … Read More

SSRG dismisses calls for restructuring, says corruption is Nigeria’s problem 

SSRG dismisses calls for restructuring, says corruption is Nigeria’s problem 

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.

Read more: Anti-Corruption Digest International Risk & Compliance News http://anticorruptiondigest.com/#ixzz4ptWFLxLD

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