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The new home of the FCPA Newswire edited by Mike Kenealy
Philippine AMLC to issue casino regulatory framework next month 

Philippine AMLC to issue casino regulatory framework next month 

The Philippine Anti-Money Laundering Council (AMLC) will issue a casino regulatory framework by the third week of October, according to the Manila Bulletin.

Featured Articles

The Trouble With Corporate Compliance Programs

The Trouble With Corporate Compliance Programs

Multinational corporations spend millions of dollars per year on compliance. In highly regulated industries such as health care and finance, large companies spend much more, sometimes hiring hundreds or even thousands of compliance officers at a time.1 Siemens AG reportedly spent more than $1 billion on an internal investigation related to a government inquiry into the company’s payment of foreign bribes.2 But the costs are not just financial. Compliance programs are aimed at eliminating the time-consuming and distracting regulatory and legal processes that accompany ethical failures.

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Anti-Corruption

Jurors to weigh fraud charges against ex-HSBC executive

Jurors to weigh fraud charges against ex-HSBC executive

HSBC Holdings Plc executive Mark Johnson came to an end Wednesday, with a lawyer for the government urging jurors to convict Johnson … Read More

Taiwan ministry expresses ‘deep concern’ about Qualcomm’s antitrust fine 

Taiwan ministry expresses ‘deep concern’ about Qualcomm’s antitrust fine 

TAIPEI: Taiwan’s economics ministry said it is “deeply concerned” about the antitrust agency imposing a US$775 million fine on Qualcomm Read More

Shell: prosecutors request to charge oil giant for alleged $1.1bn bribery scheme 

Shell: prosecutors request to charge oil giant for alleged $1.1bn bribery scheme 

LONDON – Italian prosecutors have requested to charge four former executives at oil giant Shell over an alleged $1.1 billion bribery … Read More

Corruption charge looms for outgoing BHP director Malcolm Brinded

Corruption charge looms for outgoing BHP director Malcolm Brinded

One of Royal Dutch Shell’s most senior former executives is due to learn within weeks whether he will face trial in Italy on corruption Read More

US Condemns Assassination of Maltese Anti-Corruption Journalist

US Condemns Assassination of Maltese Anti-Corruption Journalist

The United States is condemning, in the strongest terms, the assassination of Maltese journalist Daphne Galizia who was investigating … Read More

Corporate fraud 

Corporate fraud 

Corporate financial crime is extremely diverse, ranging from unscrupulous individuals taking advantage of weakness in a company’s … Read More

Governance and Ethics

Aramco exposes Gulf in governance rhetoric

Aramco exposes Gulf in governance rhetoric

News that Saudi Aramco, the Gulf state’s $1tn oil company, may postpone plans for an international listing of its shares – and instead … Read More

Corporate governance responsibilities 

Corporate governance responsibilities 

Under pressure to meet stringent governance requirements – investment managers could have more in common with the Uber driver than you … Read More

Corporate Practices of European Firms in Africa 

Corporate Practices of European Firms in Africa 

In its annual Good Governance report, the Institute of Directors (IoD) assesses the United Kingdom’s largest listed companies against … Read More

Lead from within 

Lead from within 

Lead from within is an advice I can render to all people from all walks of life. It doesn’t matter the sector or industry. As a … Read More

Liz Wiseman-Multiplying the Influence of Compliance – Compliance Report

Liz Wiseman-Multiplying the Influence of Compliance – Compliance Report

On the second full day of the SCCE Compliance and Ethics Institute (CEI) Liz Wiseman was one of the keynote speakers. Wiseman is the … Read More

Code of corporate conduct for Vietnamese firms introduced 

Code of corporate conduct for Vietnamese firms introduced 

The event was held by the Vietnam Association for Business Culture Development (VNABC) and the HCM City Association for Women … Read More

Anti-Money Laundering

Advances in anti-money laundering

Advances in anti-money laundering

It was veritably an enlightening experience to moderate a panel of experts during the well-received Philippine Anti-Money Laundering … Read More

Some EU members obstructing money laundering fight

Some EU members obstructing money laundering fight

MEPs pointed to a “lack of political will among some member states to advance on reforms and enforcement.” As a result of this, they … Read More

Pair with Tucson ties sentenced to prison in real estate scheme 

Pair with Tucson ties sentenced to prison in real estate scheme 

A Tucson lawyer was sentenced Tuesday to nearly 7 years in prison for his role in two multimillion-dollar real estate fraud schemes in … Read More

Australia Will Soon Include Bitcoin Companies in Money Laundering Laws 

Australia Will Soon Include Bitcoin Companies in Money Laundering Laws 

The Senate’s Legal and Constitutional Affairs Legislation Committee published an update to its draft law covering anti-money laundering Read More

Charges laid in probe of alleged B.C. drug-cash money-laundering 

Charges laid in probe of alleged B.C. drug-cash money-laundering 

During the RCMP’s so-called E-Pirate probe, Mounties allege they uncovered a $500-million-plus from a Richmond money-laundering service Read More

Danish bank accused of Russia money laundering

Danish bank accused of Russia money laundering

Money Laundering, corruption, anti corruption

Cyber Risk


Eighty per cent of London councils are at risk of major cyber attack, security experts warn 

Eighty per cent of London councils are at risk of major cyber attack, security experts warn 

Major phishing scams pose a huge risk to 82 per cent of local authorities which have not implemented an email system to keep residents … Read More

Almost half of businesses faced at least one cyber ransom attack in 2016

Almost half of businesses faced at least one cyber ransom attack in 2016

 Dimension Data and Cisco, have joined forces and published a white paper to help organisations stay ahead of ransomware threats. … Read More

Banks brace for real-time payments cyber attacks

Banks brace for real-time payments cyber attacks

The nation’s largest banks are preparing to defend their customers from co-ordinated cyber attacks targeting account log-in credentials Read More

North Korean Hack of U.S. War Plans Shows Off Cyber Skills

North Korean Hack of U.S. War Plans Shows Off Cyber Skills

The techno soldiers of Kim Jong Un are growing more aggressive in defending North Korea’s supreme leader against threats from Donald … Read More

FBI Asks Businesses to Share Details About DDoS Attacks 

FBI Asks Businesses to Share Details About DDoS Attacks 

The FBI has made an appeal to organizations victimized by DDoS attacks to share details and characteristics of those incidents, echoing Read More

KRACK Wi-Fi flaw opens nearly every internet-connected device to surveillance by hackers

KRACK Wi-Fi flaw opens nearly every internet-connected device to surveillance by hackers

A newly-discovered security flaw affects virtually every Wi-Fi device, and could render your home network as readable to hackers as the Read More

Security Risks


Google Introduces Physical Security Key

Google Introduces Physical Security Key

In order to protect journalists, business leaders and member of political campaign teams at higher risk of being targeted by hackers, … Read More

NYC Startup SecurityScorecard Raises $27.5M to Measure Security Risk

NYC Startup SecurityScorecard Raises $27.5M to Measure Security Risk

As human behavior increasingly shifts to the digital world, protecting our digital assets is of critical importance and even more so … Read More

Wanted dead, not alive: France’s approach to IS jihadists

Wanted dead, not alive: France’s approach to IS jihadists

France’s attitude to the killing of its citizens in Syria fighting for the Islamic State group has rarely been as frankly stated as it … Read More

The head of MI5 has lost the plot. Britain is safer than ever in its history

The head of MI5 has lost the plot. Britain is safer than ever in its history

 From a head of state security, this is rubbish. During the years of IRA terrorism, annual killings ran at 10 to a hundred times the … Read More

ATM malware available online for only $5,000 

ATM malware available online for only $5,000 

On Tuesday, cybersecurity firm Kaspersky Labs said that anyone can buy such malware for only $5000 through darknet markets.

Electrical Grid Security: Quantum Computing Threat 

Electrical Grid Security: Quantum Computing Threat 

Nearly a month after Hurricane Maria, the majority of Puerto Ricans still have no electricity. Bank accounts and ATMs are inaccessible, Read More

North America


Navy SEALs Were Ready if Pakistan Failed to Free Family Held as Hostages 

Navy SEALs Were Ready if Pakistan Failed to Free Family Held as Hostages 

WASHINGTON — A C.I.A. drone was circling a remote valley in northwest Pakistan last month when it picked up an unusual sight: a young … Read More

US SEC charges Rio Tinto, former top executives with fraud

US SEC charges Rio Tinto, former top executives with fraud

The U.S. Securities and Exchange Commission on Tuesday charged mining company Rio Tinto and two of its former top executives with … Read More

Federal Prosecutors Seek Control Over Money Laundered Assets From The Philippines 

Federal Prosecutors Seek Control Over Money Laundered Assets From The Philippines 

Orange County is ground zero in a legal war between the U.S. Department of Justice (DOJ) and the family of Janet Lim Napoles, a … Read More

Canada passes US-style sanctions bill targeting ‘corrupt’ Russian officials

Canada passes US-style sanctions bill targeting ‘corrupt’ Russian officials

Although the bill, titled “Justice for Victims of Corrupt Foreign Officials Act (Sergei Magnitsky Law),” envisions imposing sanctions … Read More

Jurors to Weigh Fraud Charges Against Ex-HSBC Executive 

Jurors to Weigh Fraud Charges Against Ex-HSBC Executive 

NEW YORK (Reuters) – Closing arguments in the U.S. trial of former HSBC Holdings Plcexecutive Mark Johnson came to an end Wednesday, … Read More

Corruption case against U.S. Senator Menendez may fall apart

Corruption case against U.S. Senator Menendez may fall apart

NEW YORK (Reuters) – The heart of the bribery case against U.S. Senator Bob Menendez could collapse mid-trial on Monday, after the … Read More

Latin America


Mexico corruption: Fugitive Chihuahua official ‘stole cows’ 

Mexico corruption: Fugitive Chihuahua official ‘stole cows’ 

Mr Duarte was declared a fugitive after leaving Mexico in March when he was accused of embezzling millions of pesos.

Peru Prosecutor Says OdebrechtInvestigation Risks Impunity 

Peru Prosecutor Says OdebrechtInvestigation Risks Impunity 

Maldonado said this will allow Keiko Fujimori, leader of the right-wing party Popular Force, and former President Alan Garcia to walk … Read More

Corruption in Colombia: Do you feel the bite? 

Corruption in Colombia: Do you feel the bite? 

Another day, another sorry saga of corruption in Latin America: the big man using state funds for personal gain. Whether it’s having … Read More

Brazil’s Temer Escapes Corruption Charges in Committee Vote

Brazil’s Temer Escapes Corruption Charges in Committee Vote

BRASILIA (Reuters) – A congressional committee voted 39-26 on Wednesday to reject charges against Brazilian President Michel Temer … Read More

Puerto Rican Secretary Of State Blows Whistle On Hurricane Relief Fraud, Finds Unopened US Aid In Dumpster

Puerto Rican Secretary Of State Blows Whistle On Hurricane Relief Fraud, Finds Unopened US Aid In Dumpster

Most of Puerto Rico still does not have power, and its inhabitants are struggling with shortages in food, water, and essential … Read More

Argentina judges seek detention of Fernandez ally

Argentina judges seek detention of Fernandez ally

The request to detain former planning minister and current lawmaker Julio De Vido comes five days before the country’s parliamentary … Read More

Asia


Taiwan ministry expresses ‘deep concern’ about Qualcomm’s antitrust fine 

Taiwan ministry expresses ‘deep concern’ about Qualcomm’s antitrust fine 

TAIPEI: Taiwan’s economics ministry said it is “deeply concerned” about the antitrust agency imposing a US$775 million fine on Qualcomm Read More

Singtel fined $500,000 for massive 24-hour fibre broadband disruption last December

Singtel fined $500,000 for massive 24-hour fibre broadband disruption last December

SINGAPORE – Singtel has been fined $500,000 – the largest in three years – for an islandwide fibre broadband outage last year that left Read More

Japan: Virtual currency boss held for fraud 

Japan: Virtual currency boss held for fraud 

TOKYO (Jiji Press) — Police arrested a 31-year-old man on Wednesday for allegedly swindling money he collected from a customer while … Read More

Bukit Aman takes over probe of Syed Saddiq’s RM5m bribe claims 

Bukit Aman takes over probe of Syed Saddiq’s RM5m bribe claims 

KUALA LUMPUR, Oct 1 — Bukit Aman police will now be investigating claims that Syed Saddiq Abdul Rahman was threatened and also offered … Read More

China’s Xi vows to carry on anti-corruption crusade

China’s Xi vows to carry on anti-corruption crusade

Chinese President Xi Jinping opened a critical Communist Party congress with a pledge to continue his anti-corruption campaign that hasRead More

Park’s lawyers quit, alleging bias in corruption trial

Park’s lawyers quit, alleging bias in corruption trial

SEOUL • Defence lawyers for South Korea’s ousted president Park Geun Hye resigned en masse yesterday in protest against what they … Read More

Europe


Italian luxury villa seized in FIFA, World Cup bribery case 

Italian luxury villa seized in FIFA, World Cup bribery case 

ROME (AP) Italian police say they seized a luxury villa in Sardinia allegedly used by Paris Saint-Germain president Nasser al-Khelaifi … Read More

French Investigator Seeks Information About Formula One Sale

French Investigator Seeks Information About Formula One Sale

LONDON — Financial corruption investigators in France are examining the role played by the world governing body for motor sports in … Read More

VVIP chopper deal: Italy open to middleman’s extradition 

VVIP chopper deal: Italy open to middleman’s extradition 

Italian authorities have informed the Enforcement Directorate (ED) that the agency can initiate a request to extradite Carlos Gerosa, … Read More

Italy breaks up smuggling ring for Libyan diesel fuel 

Italy breaks up smuggling ring for Libyan diesel fuel 

Italian police said Wednesday that they had broken up a network selling low-quality Libyan diesel fuel worth 30 million euros ($35 … Read More

Rio Tinto, Tom Albanese, Guy Elliott to fight fraud charges

Rio Tinto, Tom Albanese, Guy Elliott to fight fraud charges

RIO Tinto and two of its most senior former leaders, including a chief executive, have vowed to “vigorously defend” themselves against … Read More

U.K. intelligence chief says terror threat is worst of his 34-year career

U.K. intelligence chief says terror threat is worst of his 34-year career

LONDON — Britain’s domestic intelligence chief warned during a rare public speech Tuesday that the terrorist threat the country faces … Read More

Middle East


Talking Turkey

Talking Turkey

Recent U.S. confrontations with implacable enemies like Iran and North Korea have somewhat overshadowed the escalating and deeply … Read More

Saudi Oil Investor Wants $2M Palantir Shares Unfrozen 

Saudi Oil Investor Wants $2M Palantir Shares Unfrozen 

Saudi Arabian energy businessman Tarek Obaid, whose company PetroSaudi is said by prosecutors to be tied up in the 1MDB embezzlement … Read More

Dar invested billions abroad in recent years, reveals NAB report 

Dar invested billions abroad in recent years, reveals NAB report 

ISLAMABAD: Finance Minister Ishaq Dar has invested billions of rupees abroad in recent years, a key factor that would determine his … Read More

Zebina sentenced to two years in jail for tax fraud 

Zebina sentenced to two years in jail for tax fraud 

CAIRO – 18 October 2017: Former French international player Jonathan Zebina was sentenced to two years in prison for a tax-fraud … Read More

Israel improves slightly in global bribery-risk ranking

Israel improves slightly in global bribery-risk ranking

In the latest edition of the Bribery Risk Matrix published by TRACE International, an anti-bribery business organization, Israel is … Read More

Getting caught by an investment scam in the UAE is avoidable 

Getting caught by an investment scam in the UAE is avoidable 

Some people get very rich from investments, but not necessarily those who put up the money.

Africa


Shell: prosecutors request to charge oil giant for alleged $1.1bn bribery scheme 

Shell: prosecutors request to charge oil giant for alleged $1.1bn bribery scheme 

LONDON – Italian prosecutors have requested to charge four former executives at oil giant Shell over an alleged $1.1 billion bribery … Read More

South Africa needs a better anti-corruption system

South Africa needs a better anti-corruption system

Cape Town, South Africa, Oct 16, 2017 / 09:36 pm (CNA/EWTN News).- South Africa’s Conference of Catholic Bishops has pushed for the … Read More

Kenya: Teachers medical cover to change due to fraud 

Kenya: Teachers medical cover to change due to fraud 

A major shake up of the Sh6 billion teachers’ medical scheme is underway following complaints of poor services lodged by the … Read More

EFCC calls for grassroots anti-corruption initiative 

EFCC calls for grassroots anti-corruption initiative 

Mr Ibrahim Magu, acting Chairman of Economic and Financial Crimes Commission (EFCC), has called for anti-corruption initiatives at the … Read More

South Africa: Zuma Corruption Allegations – South African Court Rules to Reinstate Charges

South Africa: Zuma Corruption Allegations – South African Court Rules to Reinstate Charges

Zuma, who has faced multiple scandals that have seen his support tumble, had challenged the High Court ruling.

Chancellor asks for scrutiny of UK bank links to South Africa corruption inquiry 

Chancellor asks for scrutiny of UK bank links to South Africa corruption inquiry 

The chancellor has asked UK enforcement agencies to look into whether British banking groups HSBC and Standard Chartered are linked to … 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.

Source: https://anticorruptiondigest.com

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