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Anti-Corruption
South32 reviews KPMG links after South African scandal

South32 reviews KPMG links after South African scandal

ASX-listed miner South32 is reviewing its relationship with its auditor KPMG due to a corruption scandal embroiling the big-four … Read More

Telecommunications Company Paying $965 Million For FCPA Violations

Telecommunications Company Paying $965 Million For FCPA Violations

(HedgeCo.Net) Sweden-based telecommunications provider Telia Company AB has agreed to pay $965 million in a global settlement with the … Read More

Vietnam to cut business red tape to support SMEs

Vietnam to cut business red tape to support SMEs

HO CHI MINH CITY — Vietnam’s Ministry of Industry and Trade plans to cut business and investment red tape in half in an effort to … Read More

South Africa $7.5 Billion Pensions Bid ‘Untrue’

South Africa $7.5 Billion Pensions Bid ‘Untrue’

A Bloomberg News report that South Africa’s National Treasury is seeking as much as 100 billion rand ($7.5 billion) from the government Read More

Combating corruption in retail with technology 

Combating corruption in retail with technology 

The EY report entitled “Emerging risks and challenges in Retail and Consumer Products (RCP) sector: a forensic outlook” noted that the … Read More

Former Keppel Shipyard officer faces 395 corruption charges 

Former Keppel Shipyard officer faces 395 corruption charges 

SINGAPORE: A former senior procurement officer with Keppel Shipyard was on Tuesday (Sep 26) charged with 395 counts of corruption.

Governance and Ethics

Burrill Indicted on Federal Wire Fraud, Tax Evasion Charges

Burrill Indicted on Federal Wire Fraud, Tax Evasion Charges

In their 34-count indictment, federal prosecutors alleged that from December 2007 through October 2013, Burrill induced the limited … Read More

Ethics under scrutiny as medical malpractice claims soar

Ethics under scrutiny as medical malpractice claims soar

As the medical litigation industry “explodes”, as one medical malpractice attorney describes it, medical malpractice underwriters are … Read More

Corporate Governance and Directors’ Remuneration

Corporate Governance and Directors’ Remuneration

The Directors of a company play a very important role – especially in performing oversight functions – in the success or failure of a … Read More

Ottawa launches hearings on revised corporate accountability measures favoured by SNC-Lavalin 

Ottawa launches hearings on revised corporate accountability measures favoured by SNC-Lavalin 

The federal government kicked off nearly two months of public consultations Monday on revising efforts to address corporate wrongdoing, Read More

The Telia FCPA Resolution: Part III – The Individuals – Compliance Report

The Telia FCPA Resolution: Part III – The Individuals – Compliance Report

I continue my exploration of the Telia Company AB (Telia) Foreign Corrupt Practices Act (FCPA) enforcement action and the parallel … Read More

Ethics and Compliance Controls – Different Means to the Same Objective – Corruption, Crime & Compliance

Ethics and Compliance Controls – Different Means to the Same Objective – Corruption, Crime & Compliance

People are getting confused. A company’s ethical culture is not a touchy-feely concept that makes everyone warm and cozy all over. At … Read More

Anti-Money Laundering

Australia returns cash to China from money laundering swoops 

Australia returns cash to China from money laundering swoops 

Australia has been working with China’s “Operation Fox Hunt” to snare suspected corrupt officials who have fled overseas or hidden … Read More

Central Bank to unveil new money laundering sanctions 

Central Bank to unveil new money laundering sanctions 

The Central Bank plans to create a new sanctions regime for anti-money laundering deficiencies, as it bids to move the Bahamas from a … Read More

Increase in money laundering reports after banks step up vigilance 

Increase in money laundering reports after banks step up vigilance 

So far this year, the National Bureau of Investigation received some 23,400 criminal complaints of suspected cases of money laundering, Read More

Protiviti Releases Updated Edition of U.S. Anti-Money Laundering Guide

Protiviti Releases Updated Edition of U.S. Anti-Money Laundering Guide

MENLO PARK, Calif., Sept. 25, 2017 /PRNewswire/ — Global consulting firm Protiviti has published the 2017 edition of its Guide to U.S. Read More

FICO Patent Filing Hints at Plans for Bitcoin Exchange Monitoring 

FICO Patent Filing Hints at Plans for Bitcoin Exchange Monitoring 

The company behind the FICO credit scoring system is looking at how to collect information from bitcoin exchanges as part of a new … Read More

Former B.C. finance minister warned about casino cash transactions

Former B.C. finance minister warned about casino cash transactions

“Despite the introduction and promotion of non-cash alternatives in gaming facilities through earlier phases of the anti-money … Read More

Cyber Risk


Deloitte hit by cyber-attack revealing clients’ secret emails

Deloitte hit by cyber-attack revealing clients’ secret emails

One of the world’s “big four” accountancy firms has been targeted by a sophisticated hack that compromised the confidential emails and … Read More

Securities Regulator Calls for Better Cyber Risk Disclosure to Investors

Securities Regulator Calls for Better Cyber Risk Disclosure to Investors

Regulators must do more to help mom-and-pop investors better understand the potential risks posed by cyber crime and new technologies … Read More

Companies need to invest significantly to prevent cyber attacks

Companies need to invest significantly to prevent cyber attacks

NEW DELHI: As the country moves towards a cashless economy, companies operating in the financial services domain will have to develop … Read More

This bank data stealing Android malware is back – and it’s now even sneakier 

This bank data stealing Android malware is back – and it’s now even sneakier 

The Bankbot malware first appeared in the Google Play store earlier this year, stealing victims banking information by presenting an … Read More

Teenage hacker awaits sentencing for launching hundreds of DDoS attacks

Teenage hacker awaits sentencing for launching hundreds of DDoS attacks

Jack Chappel used to sell DDoS software to other hackers to help them vandalise popular websites owned by large businesses.

US spy chief calls on Congress to renew surveillance powers 

US spy chief calls on Congress to renew surveillance powers 

Intelligence Director Dan Coats Monday urged Congress to tread carefully as it considers imposing limitations on surveillance … Read More

Security Risks


New travel order tasks countries with data sharing 

New travel order tasks countries with data sharing 

The president’s new order sharpening travel restrictions for a number of countries come as Customs and Border Security has been closing Read More

Mashreq Bank partners with Diebold Nixdorf

Mashreq Bank partners with Diebold Nixdorf

Dubai: Mashreq Bank has partnered with Diebold Nixdorf to streamline the bank’s in-branch cash cycle management processes by … Read More

One of the World’s Biggest Accounting Firms Hacked After Basic Security Goof

One of the World’s Biggest Accounting Firms Hacked After Basic Security Goof

For months, the systems of Deloitte, a consulting and accounting firm that ranks among the world’s “big four,” were compromised and … Read More

Banks upgrading card security features 

Banks upgrading card security features 

Philippines — Security Banking Corp. and Rizal Commercial Banking Corp. (RCBC) are upgrading the security features of their debit cards Read More

M1 launches service to combat mobile malware 

M1 launches service to combat mobile malware 

SINGAPORE — Telecommunications company M1 yesterday unveiled a new service to help smartphone users protect their devices against … Read More

Which Phone Is the Most Secure? 

Which Phone Is the Most Secure? 

Americans spend an average of five hours a day on our smartphones, making them some of our most commonly-used electronic devices. But … Read More

North America


Steve Bannon: Alabama Senate Race Is ‘Corporate Money’ for Strange Versus ‘Grassroots Muscle’ for Moore 

Steve Bannon: Alabama Senate Race Is ‘Corporate Money’ for Strange Versus ‘Grassroots Muscle’ for Moore 

Bannon said Monday night’s Faith and Family rally at the Oak Hollow Farm in Mobile would be a reunion for three of the “earliest all-in Read More

New Jersey Mayor Resigns After Admitting Corruption Charge

New Jersey Mayor Resigns After Admitting Corruption Charge

NEW YORK (Reuters) – The mayor of Paterson, New Jersey, resigned on Monday, a city official said, after the mayor pleaded guilty last … Read More

Ex-HSBC currency chief’s motives debated as U.S. fraud trial starts

Ex-HSBC currency chief’s motives debated as U.S. fraud trial starts

NEW YORK (Reuters) – A former top HSBC Holdings Plc (HSBA.L) executive threw his Scottish client “under the bus” by using his knowledge Read More

Telia Agrees to Pay $1 Billion in Penalties in Uzbek Corruption Scandal Settlement 

Telia Agrees to Pay $1 Billion in Penalties in Uzbek Corruption Scandal Settlement 

Last week, Nordic telecom giant Telia agreed to pay nearly $1 billion in penalties to settle corruption cases with the U.S. Department … Read More

Swedish Telecom Telia Reaches FCPA Settlement of Almost $1 Billion With DOJ 

Swedish Telecom Telia Reaches FCPA Settlement of Almost $1 Billion With DOJ 

In what U.S. prosecutors are calling “one of the largest criminal corporate bribery and corruption resolutions ever,” the Swedish … Read More

FBI arrests Israeli binary options CEO as she disembarks El Al flight at JFK

FBI arrests Israeli binary options CEO as she disembarks El Al flight at JFK

The CEO of an Israeli binary options company accused of defrauding investors out of millions of dollars was doubtless surprised to find Read More

Latin America


Panama authorizes extradition of former Mexican governor on corruption charges

Panama authorizes extradition of former Mexican governor on corruption charges

MEXICO CITY (Reuters) – Panama has agreed to extradite a former state governor from Mexico’s ruling Institutional Revolutionary Party … Read More

Brazil’s Odebrecht Quits Argentine Subway Construction Project

Brazil’s Odebrecht Quits Argentine Subway Construction Project

Scandal-hit Brazilian construction company Odebrecht said on Sunday it has sold its 33 percent stake in a massive subway project in … Read More

Brazil oil auction to gauge investor appetite amid reforms

Brazil oil auction to gauge investor appetite amid reforms

RIO DE JANEIRO (Reuters) – Brazil’s oil auction this week will test whether a raft of market-friendly reforms under President Michel … Read More

Brazil has learned how to battle corruption

Brazil has learned how to battle corruption

Brazil, a nation rich in natural resources, fertile lands and cultural diversity, has struggled for decades with underdevelopment. Some Read More

Could Russia (or Mexico) bribe the feds to regulate Drudge?

Could Russia (or Mexico) bribe the feds to regulate Drudge?

Facebook CEO Mark Zuckerberg said this month that his company sold over $100,000 in social media advertising to a Russian … Read More

Peru promotes anti-corruption measures at OAS SIRG meeting 

Peru promotes anti-corruption measures at OAS SIRG meeting 

Peru and fellow regional countries on Friday held the Second Regular Meeting of the Organization of American States’ (OAS) Summit … Read More

Asia


Former Keppel Shipyard officer faces 395 corruption charges 

Former Keppel Shipyard officer faces 395 corruption charges 

SINGAPORE: A former senior procurement officer with Keppel Shipyard was on Tuesday (Sep 26) charged with 395 counts of corruption.

​Former KAI boss arrested as fraud probe continues

​Former KAI boss arrested as fraud probe continues

Media reports from South Korea indicate that Ha Seong-yang, chief executive of the embattled contractor from 2013 to mid-2017, was … Read More

Indonesia’s decentralisation and corruption

Indonesia’s decentralisation and corruption

JAKARTA (THE JAKARTA POST/ASIA NEWS NETWORK) – Statistics reveal an ugly fact about the country’s much-vaunted decentralisation that … Read More

China’s corruption watchdog to be replaced in bid for international recognition

China’s corruption watchdog to be replaced in bid for international recognition

Beijing: The Chinese government will form a new anti-corruption agency as it seeks greater cooperation from international law … Read More

Bank Case Reveals Vietnam’s Continued Corruption Problems

Bank Case Reveals Vietnam’s Continued Corruption Problems

The Vietnamese Ministry of Public Security recently began investigating three companies under the state-owned gas and oil group … Read More

Uber facing US criminal probe over Asian bribery allegations

Uber facing US criminal probe over Asian bribery allegations

According to Bloomberg, Uber has already notified the officials in US about payments made by staff in Indonesia. However, people … Read More

Europe


Power company exec gets 2½ years in prison in bribery scam

Power company exec gets 2½ years in prison in bribery scam

NEW HAVEN, Conn. (AP) – A former executive of French power and transportation company Alstom was sentenced in the U.S. on Monday to 2 ½ Read More

Juncker should stop avoiding the elephant in the room and ‘Make Europe Sustainable For All’

Juncker should stop avoiding the elephant in the room and ‘Make Europe Sustainable For All’

Outside the European Commission building this morning a massive inflatable elephant has reminded President Jean Claude Juncker that he … Read More

Fighting financial crime requires cross-border co-operation 

Fighting financial crime requires cross-border co-operation 

That’s not the historic total so far, that’s the amount for just this one single day. Thomson Reuters alone collects a petabyte (1m … Read More

Seven university teachers arrested 

Seven university teachers arrested 

Florence, September 25 – Seven university teachers were arrested by Florence finance police on Monday in relation to a probe into the … Read More

Ex France international in dock over unemployment benefit fraud 

Ex France international in dock over unemployment benefit fraud 

Prosecutors have called for former France international Thomas Lombard to be jailed for six-months and fined 15,000 euros ($17,700) for Read More

Ukrainian President Petro Poroshenko rejects call for anti-corruption court 

Ukrainian President Petro Poroshenko rejects call for anti-corruption court 

Ukrainian President Petro Poroshenko says judicial reform aimed at rooting out corruption in his country will be introduced in two … Read More

Middle East


Iraqi judiciary sentences two former governors to jail for corruption 

Iraqi judiciary sentences two former governors to jail for corruption 

The Integrity Commission  – an independent body responsible for investigating corruption and is affiliated to the Iraqi parliament – … Read More

Sharif returns to Pakistan to face corruption charges 

Sharif returns to Pakistan to face corruption charges 

ISLAMABAD — Ousted Pakistani Prime Minister returned to the country on Monday from the UK to face corruption and money laundering … Read More

Imran Khan vows to expose Zardari’s corruption 

Imran Khan vows to expose Zardari’s corruption 

Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Wednesday lashed out at both former prime minister Nawaz Sharif and former president Read More

Corruption monitoring NGO estimates EGP 140m waste in August 

Corruption monitoring NGO estimates EGP 140m waste in August 

The Partners for Transparency (PFT) NGO estimated that nearly EGP 140m were wasted as a result of corruption in the month of August … Read More

Former US ambassador Dan Shapiro said set to testify in Netanyahu graft case 

Former US ambassador Dan Shapiro said set to testify in Netanyahu graft case 

Former US ambassador to Israel Dan Shapiro will reportedly give testimony to Israeli police in the coming weeks as part of an ongoing … Read More

Bashar al-Assad’s uncle to be investigated for war crimes

Bashar al-Assad’s uncle to be investigated for war crimes

The uncle of Syrian President Bashar al-Assad is being investigated by Switzerland for alleged war crimes in the 1980s, prosecutors … Read More

Africa


Nandi official commits suicide after Sang orders corruption probe

Nandi official commits suicide after Sang orders corruption probe

A Nandi procurement officer committed suicide after Governor Stephen Sang ordered investigations into corruption allegations.

What KPMG’s Gupta imbroglio says about corruption in South Africa

What KPMG’s Gupta imbroglio says about corruption in South Africa

As far as corporate accountability goes, the recent announcement that the CEO and seven senior executives at auditing and consultancy … Read More

It’s corruption fighting back

It’s corruption fighting back

Charles Idahosa, popularly known as ‘Charly Temple’ has been long in the All Progressive Congress, politics and government either as … Read More

PCCW Global wins best anti-fraud award at Capacity Africa 

PCCW Global wins best anti-fraud award at Capacity Africa 

PCCW Global, the international operating division of HKT, Hong Kong’s premier telecommunications service provider, has won the Best … Read More

Tshwane metro cop arrested for allegedly demanding bribe 

Tshwane metro cop arrested for allegedly demanding bribe 

Johannesburg – A 45 year-old Tshwane Metro Police Department officer was arrested for alleged corruption, the Road Traffic Management … Read More

Calls for UKZN to dump KPMG

Calls for UKZN to dump KPMG

DURBAN – STUDENT leaders at the University of KwaZulu-Natal have called for the institution to end its relationship with disgraced … 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.

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