Skip to content

ANTI-CORRUPTION DIGEST : News


anti-corruption-logo-sm-use

Featured Articles

Anti-Corruption

US Sanctions Hit Russia, China Over North Korea’s Nuclear Program

US Sanctions Hit Russia, China Over North Korea’s Nuclear Program

In a statement today, the U.S. Treasury said the White House is imposing US sanctions on a number of businesses and individuals in … Read More

How Global Anti-corruption Enforcement Grew 

How Global Anti-corruption Enforcement Grew 

American corporate anti-bribery and anti-corruption laws form the basis for one of the largest and busiest fields of white-collar legal Read More

Could Amazon Revolutionize The Patient Experience In Clinical Trials

Could Amazon Revolutionize The Patient Experience In Clinical Trials

Amazon caught everyone by surprise when it bid $14 billion for Whole Foods, a chain of 400 upscale retail grocery stores, that was … Read More

Ex-CEO of Petrobras charged with corruption

Ex-CEO of Petrobras charged with corruption

Brazil’s sweeping corruption investigation is after another major scalp. On Tuesday, prosecutors filed corruption, money laundering and Read More

Ecuador prosecutor to present corruption case against vice president 

Ecuador prosecutor to present corruption case against vice president 

Ecuador’s top prosecutor said on Monday he would present evidence of corruption against the country’s embattled vice president, who was Read More

Verdict for Samsung heir weighs on telecom giant 

Verdict for Samsung heir weighs on telecom giant 

It is by far the largest of the chaebols, the family-controlled firms that dominate Asia’s fourth-largest economy, which some South … Read More

Governance and Ethics

Dynamics of corporate governance 

Dynamics of corporate governance 

Corporate culture in every corporate setting drives the behaviour of its players, as culture engrains the inescapable norms of … Read More

Corporate governance: focus on SEBI 

Corporate governance: focus on SEBI 

The exit of Vishal Sikka as the chief of multinational IT giant Infosys brings forth the issue of corporate governance yet again. … Read More

Ethics talk: Lessons from Google’s diversity fracas 

Ethics talk: Lessons from Google’s diversity fracas 

Anyone interested in Google’s fracas should read the key documents available online here and here. People with agendas often distort … Read More

Philippines: BSP tightens governance rules for banks

Philippines: BSP tightens governance rules for banks

The Bangko Sentral ng Pilipinas has issued new corporate governance rules that will promote the independence of banks’ boards from … Read More

All you wanted to know about corporate governance 

All you wanted to know about corporate governance 

In the slugfest between its founders and the management at Infosys the past week, corporate governance has been a much-bandied word. … Read More

Soft Skills in Remediation: Part III – Communications with Stakeholders – Compliance Report

Soft Skills in Remediation: Part III – Communications with Stakeholders – Compliance Report

Today I continue a five-part series on the soft skills a Chief Compliance Officer (CCO) needs to employ when working through the … Read More

Anti-Money Laundering

WikiLeaks a ‘hostile intelligence service’, SS7 spying, Russian money laundering 

WikiLeaks a ‘hostile intelligence service’, SS7 spying, Russian money laundering 

Every year, US Congress must pass a new Intelligence Authorization Act to continue funding Uncle Sam’s spies for the next 12 months. … Read More

Arkansas man accused of operating illegal gambling business, money laundering

Arkansas man accused of operating illegal gambling business, money laundering

Searches by police seized $7,438 from Rogers’ car, $11,257 from his home, $60,000 from a safe-deposit box he rented, $35,000 from … Read More

Australia’s biggest bank facing trillion dollar fines for money laundering

Australia’s biggest bank facing trillion dollar fines for money laundering

Even the Commonwealth Bank’s staunchest critics wouldn’t have predicted this one.

Commonwealth Bank faces ‘very large’ shareholder action on money laundering scandal 

Commonwealth Bank faces ‘very large’ shareholder action on money laundering scandal 

Law firm Maurice Blackburn is running the case with financial backing from litigation funder IMF Bentham.

China Cracks Down On Money Laundering

China Cracks Down On Money Laundering

China is cracking down on money laundering, as it aims to ensure compliance with international standards. Recent measures greatly … Read More

Glendale men and Burbank man sentenced for money-laundering scheme

Glendale men and Burbank man sentenced for money-laundering scheme

Glendale man responsible for a $1.66-million mass-mailing and money-laundering scam was sentenced to eight years in prison, authorities Read More

Cyber Risk


New Trojan malware campaign sends users to fake banking site that looks just like the real thing 

New Trojan malware campaign sends users to fake banking site that looks just like the real thing 

A notorious banking Trojan is targeting customers of a major bank with a new email spam campaign, which directs victims to a fake login Read More

Cyber-Security Pros Suggest Ways to Stop Fake News

Cyber-Security Pros Suggest Ways to Stop Fake News

Fake news sources are manipulating U.S. politics, and it’s virtually impossible to stanch the flow of bogus reports. That’s the opinion Read More

Should Investors Care About Cybersecurity? 

Should Investors Care About Cybersecurity? 

I’ve got good news and bad news. First, the bad news: Cyber attacks are becoming more frequent and more destructive than ever. As a … Read More

U.S. Navy considers possibility of cyber attack after ship collision

U.S. Navy considers possibility of cyber attack after ship collision

After the collision of the USS John S McCain and a Liberian-flagged tanker near Singapore on Monday, Chief of Naval Operations Adm. … Read More

Are your systems vulnerable to a complex cyber-attack?

Are your systems vulnerable to a complex cyber-attack?

This is according to Arbor Network’s territory manager for Sub-Saharan Africa, Bryan Hamman, who says, “Arbor Networks recommends a … Read More

Cyber warfare among the people: Thailand’s road to digital dystopia

Cyber warfare among the people: Thailand’s road to digital dystopia

ON AUg 15, a secret military court handed down a sentence of two and a half years in the lèse majesté case of Jatupat ‘Pai’ … Read More

Security Risks


Stolen Enigma Pre-ICO Funds Have Been Transferred to Bitfinex 

Stolen Enigma Pre-ICO Funds Have Been Transferred to Bitfinex 

It is neither the first nor the last time we will hear of a cryptocurrency ICO hack. Criminals are purposefully targeting these … Read More

How to spot a gas pump skimmer

How to spot a gas pump skimmer

Approximately 39 million Americans fill-up every day and fuel dispensers have become one of many targets for thieves looking to steal … Read More

WannaCry ransomware attack at LG Electronics takes systems offline 

WannaCry ransomware attack at LG Electronics takes systems offline 

Ransomware was found on an LG self-service kiosk in South Korea, with analysis of the code identifying it as WannaCry, the … Read More

Robot hack turns devices into dangerous spies 

Robot hack turns devices into dangerous spies 

A number of problems affecting how robots identify commands sent by their real owners has been identified by security researchers.

Google Play Store Security Scans Tricked by …Sigh… In-Dev Malware

Google Play Store Security Scans Tricked by …Sigh… In-Dev Malware

Google has yet to remove two apps infected with dangerous malware that are currently still available for download via the official … Read More

Hackers Are Uing Cell Phone Numbers to Steal Bitcoin 

Hackers Are Uing Cell Phone Numbers to Steal Bitcoin 

The mobile phone number has become an important part of online security, but for virtual currency investors and entrepreneurs, their … Read More

North America


Amazon’s Whole Foods Deal Wins Swift U.S. Antitrust Approval

Amazon’s Whole Foods Deal Wins Swift U.S. Antitrust Approval

Amazon.com Inc.’s proposed $13.7 billion purchase of Whole Foods Market Inc. won quick U.S. antitrust approval, showing that concerns … Read More

US to sanction countries 4 nations for refusing deportations 

US to sanction countries 4 nations for refusing deportations 

The Trump administration will impose visa sanctions on four countries that refuse to take back foreign nationals deemed to be in the US Read More

Why Energy Companies Are Accusing Greenpeace Of Breaking US Organised Crime Laws

Why Energy Companies Are Accusing Greenpeace Of Breaking US Organised Crime Laws

Operators of the Dakota Access Pipeline filed a lawsuit against the environmental activist group Greenpeace on Tuesday that accuses the Read More

Menendez judge has history of tough corruption sentences

Menendez judge has history of tough corruption sentences

The judge overseeing U.S. Sen. Robert Menendez’s trial on federal corruption charges has made it a personal crusade to impose harsh … Read More

Mastermind or Naïf? Samsung Heir’s Fate Hinges on the Question 

Mastermind or Naïf? Samsung Heir’s Fate Hinges on the Question 

SEOUL, South Korea — The criminal trial of Lee Jae-yong, who controls Samsung, one of the world’s largest corporate empires, has … Read More

SAC Capital’s Martoma fails to overturn U.S. insider trading conviction

SAC Capital’s Martoma fails to overturn U.S. insider trading conviction

NEW YORK (Reuters) – A divided federal appeals court on Wednesday upheld the insider trading conviction of Mathew Martoma, a former … Read More

Latin America


Odebrecht: Latin America’s bottomless corruption scandal

Odebrecht: Latin America’s bottomless corruption scandal

Brazil’s Odebrecht construction conglomerate runs projects worldwide but its most sophisticated international activity may have been a … Read More

Venezuela’s opposition leader denies links to Odebrecht corruption scandal 

Venezuela’s opposition leader denies links to Odebrecht corruption scandal 

CARACAS, Aug. 21 (Xinhua) — Venezuela’s opposition leader and governor of the western state of Miranda, Henrique Capriles, denied on … Read More

Former Pemex chief denies he took $10m in bribes from Odebrecht

Former Pemex chief denies he took $10m in bribes from Odebrecht

Lies and false accusations. That is how the former head of Mexico’s state oil company has described allegations attributed to former … Read More

Venezuela′s fugitive prosecutor claims proof of government corruption 

Venezuela′s fugitive prosecutor claims proof of government corruption 

Venezuela’s former chief prosecutor Luisa Ortega said on Wednesday that her life is in danger after fleeing the country last week, … Read More

Lovelace settles with AG’s Office in secret million-dollar fraud case 

Lovelace settles with AG’s Office in secret million-dollar fraud case 

In November 2009, a former senior executive with Lovelace Inc. — one of New Mexico’s largest health care providers — filed a secret … Read More

Peru: Kuczynski completes a disappointing first year of his term

Peru: Kuczynski completes a disappointing first year of his term

President Pedro Pablo Kuczynski completed the first year of his term on July 28, with little to show. Corruption, an economy in … Read More

Asia


Vietnam Shares Anti-Corruption Experiences with Asia-Pacific

Vietnam Shares Anti-Corruption Experiences with Asia-Pacific

Hanoi, Aug 22 (Prensa Latina) Vietnam has made today available to the nation members of the Asia-Pacific Economic Cooperation (APEC) … Read More

China Minsheng Bank information chief under investigation for suspected corruption 

China Minsheng Bank information chief under investigation for suspected corruption 

Lin Xiaoxuan, the bank’s chief information officer, is under review by the China Banking Regulatory Commission (CBRC), according to a … Read More

Verdict in corruption trial for Samsung heir weighs on telecom giant

Verdict in corruption trial for Samsung heir weighs on telecom giant

The heir to the Samsung empire faces the verdict in his corruption trial on Friday, which threatens to leave the world’s biggest … Read More

Singapore heavyweights team up on blockchain

Singapore heavyweights team up on blockchain

Pacific International Lines (PIL), PSA International and IBM have agreed to collaborate on a blockchain proof of concept for supply … Read More

Conducting Successful Corporate Internal Investigations in Southeast Asia

Conducting Successful Corporate Internal Investigations in Southeast Asia

Employees, managers, and the companies they work for sometimes do bad things. Employees might embezzle money or sell trade secrets to … Read More

China tells prosecutors to get tough on ‘financial ‘crocodiles’ … and make it snappy

China tells prosecutors to get tough on ‘financial ‘crocodiles’ … and make it snappy

The Supreme People’s Procuratorate on Wednesday issued a strongly worded directive ordering prosecutors across the country to get tough Read More

Europe


Russian artists rally as corruption probe targets theater director

Russian artists rally as corruption probe targets theater director

MOSCOW — A Moscow court on Wednesday placed one of the country’s premier avant-garde theater directors under house arrest in a … Read More

No shortage of potential buyers for AFW’s UK North Sea business

No shortage of potential buyers for AFW’s UK North Sea business

Aberdeen-based energy service giant Wood Group and engineering and project management consultancy AFW have offered to dispose of nearly Read More

Italy’s deadly flirtation with illegal building

Italy’s deadly flirtation with illegal building

The tremor that shook the island of Ischia on Monday, toppling houses and killing two women, has sparked much soul-searching in a … Read More

France’s Macron Looks to Confront Eastern Europe Over Low-Cost Workers

France’s Macron Looks to Confront Eastern Europe Over Low-Cost Workers

Visit nearly any big construction site in France, and chances are that many employees hail from low-wage East European countries. In … Read More

The livestock farms polluting the UK 

The livestock farms polluting the UK 

Lynda and Richard Whittemore bought Quennells farm, in the quiet Sussex countryside, six years ago. They hoped to lead “an idyllic … Read More

Communications strategy in anti-corruption sphere approved in Ukraine until 2020

Communications strategy in anti-corruption sphere approved in Ukraine until 2020

The Cabinet of Ministers of Ukraine has approved the Communication Strategy in the sphere of preventing and combating corruption for … Read More

Middle East


UAE to implement excise tax law starting October 1 

UAE to implement excise tax law starting October 1 

The Excise Tax Law shall come into effect from October 1, 2017 in the UAE, the Ministry of Finance has told Emirates News Agency, WAM.

Saudi Arabia’s war in Yemen ‘a strategic failure’

Saudi Arabia’s war in Yemen ‘a strategic failure’

Saudi Arabia’s military intervention in Yemen proved to be a “strategic failure”, but a full and official withdrawal from that country … Read More

Medical staff involved in organ trafficking arrested in Egypt

Medical staff involved in organ trafficking arrested in Egypt

Egyptian authorities announced on Tuesday evening the capture of a gang of medical staff for trafficking human organs in the area of … Read More

Billionaire Steinmetz suspected of a 6-million euro bribery cache

Billionaire Steinmetz suspected of a 6-million euro bribery cache

Police suspect six million euro served as “petty cash” for billionaire business magnate Beny Steinmetz for bribery deals he was … Read More

Chartering the trajectory of the Syrian poultry industry

Chartering the trajectory of the Syrian poultry industry

Syrian bread is declining in quality, and this means trouble for the ministry of consumer protection. In an unusual move, Al Watan took Read More

Turkey will not allow PYD to germinate in Afrin, Erdoğan says

Turkey will not allow PYD to germinate in Afrin, Erdoğan says

President Recep Tayyip Erdoğan said Turkey will not hesitate to eliminate any threat emanating from the strategic Afrin pocket, the … Read More

Africa


Lobby asks US authorities to probe BAT for corruption in Africa 

Lobby asks US authorities to probe BAT for corruption in Africa 

A US lobby has asked its Department of Justice and Securities and Exchange Commission to probe BAT and its subsidiaries on allegations … Read More

End corruption that plagued Lusaka’s administration, clergy tell Wangamati

End corruption that plagued Lusaka’s administration, clergy tell Wangamati

Religious leaders in Bungoma want Governor Wycliffe Wangamati to prioritise the war on corruption.

 ADB debars Chongqing International Construction Corporation over fraud in Ugandan road project

 ADB debars Chongqing International Construction Corporation over fraud in Ugandan road project

The African Development Bank Group (AfDB) on August 22nd, 2017, announced the debarment of Chongqing International Construction … Read More

South Africa: Mugabe’s Alleged Assault Victim Offered Bribe 

South Africa: Mugabe’s Alleged Assault Victim Offered Bribe 

Grace Mugabe’s alleged assault victim has been offered money to drop charges against the Zimbabwean first lady, minority rights … Read More

South Africa: Construction Industry Council Deals With Corruption 

South Africa: Construction Industry Council Deals With Corruption 

The South African Council for Project and Construction Management Professions (SACPCMP) on Wednesday said it is dealing decisively with Read More

Nigeria can’t fight corruption by sloganeering 

Nigeria can’t fight corruption by sloganeering 

There is virtually no country in the world that is not plagued with the hydra-headed monster called corruption. It is a symptom of a … 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/#ixzz4qeT66dFj
Follow us: @anti_digest on Twitter

%d bloggers like this: