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Anti Corruption Digest: News


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

Airbus Corruption Scandal: 80 Million Euro Severance Package 

Airbus Corruption Scandal: 80 Million Euro Severance Package 

In France, Jean-Paul Gut is a legend. As head of strategy and marketing, he played a key role in the success of Airbus and its rise to the second largest aircraft manufacturer in the world behind Boeing. Gut was the company’s go-to man when it came to brokering deals, with Airbus sending him in when negotiations with clients had stalled. Especially when the stakes were high – when billion-dollar-deals involving dozens of aircraft were on the table. How exactly he did what he did was his secret. Even now, his profile on LinkedIn describes him as a man of “great discretion.”

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Anti-Corruption

Ex-HSBC forex trader loses extradition case over US fraud charges

Ex-HSBC forex trader loses extradition case over US fraud charges

One of HSBC’s former top currency traders can be extradited to face fraud charges in New York, a UK court has ruled, only days after … Read More

RBS Reaches $35M Settlement for RMBS Fraud Suit 

RBS Reaches $35M Settlement for RMBS Fraud Suit 

Based on a release from the District of Connecticut’s U.S. Attorney’s Office, the Royal Bank of Scotland (RBS) has agreed to pay a … Read More

John Kapoor indicted in US-wide opioid conspiracy 

John Kapoor indicted in US-wide opioid conspiracy 

A billionaire pharmaceutical entrepreneur was arrested and charged with fraud and racketeering for his alleged part in an opioid … Read More

Petron to file corruption charges vs PNOC president

Petron to file corruption charges vs PNOC president

MANILA, Philippines – Petron Corporation executives, led by tycoon Ramon Ang, will file corruption charges against Philippine National … Read More

Imran declares war on corruption mafia 

Imran declares war on corruption mafia 

MANDI BAHAUDDIN: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan Sunday said that the nation was being pushed into poverty due to … Read More

Tesco Bengaluru builds a fraud prevention platform for online businesses

Tesco Bengaluru builds a fraud prevention platform for online businesses

Tesco Bengaluru, the technology centre for UK-based retailer Tesco, has developed a data analytics-based fraud preventionplatform for … Read More

Governance and Ethics

Harnessing digitization to power up governance in Asean 

Harnessing digitization to power up governance in Asean 

As Asean celebrates 50 years of its establishment this year, one of its key achievements has been the formation of the Asean Economic … Read More

Morneau sees no conflict with C-27, despite ethics watchdog’s concerns

Morneau sees no conflict with C-27, despite ethics watchdog’s concerns

OTTAWA – Finance Minister Bill Morneau says he doesn’t think he has anything to worry about with his sponsorship of a pension bill, … Read More

Good corporate governance key to addressing growing NPLs 

Good corporate governance key to addressing growing NPLs 

The Central Bank has said untrained staff in the banking sector and the high cost of borrowing are major causes of rising loan default.

MLB Drops the Ball on Discipline – Compliance Report

MLB Drops the Ball on Discipline – Compliance Report

Back again for another weekend World Series report. Unfortunately, Game 4 was a loss for the hometown heroes. The Dodgers bats finally … Read More

Investors pass the buck on governance

Investors pass the buck on governance

Does corporate governance matter? Or, to be more precise, do investors really care about it? This is a question that I have been … Read More

Episode 8 – The Critical Importance of Beneficial Ownership to Compliance – Corruption, Crime & Compliance

Episode 8 – The Critical Importance of Beneficial Ownership to Compliance – Corruption, Crime & Compliance

In the aftermath of the Panama Papers scandal and increased focus on shell companies and hidden ownership interests, US enforcement and Read More

 Anti-Money Laundering
Aussie gov’t claims billions of punters’ dollars laundered in Vietnam, Philippines 

Aussie gov’t claims billions of punters’ dollars laundered in Vietnam, Philippines 

Brisbane Times reported that Australia’s Black Economy Taskforce (BET) has sounded the alarm bells that illegal bookies based in Asia … Read More

Bitcoin Low Risk For Money Laundering, High For Cybercrime

Bitcoin Low Risk For Money Laundering, High For Cybercrime

A recent report from the UK Treasury regarding monetary policy in the country has been released, providing a summary of analysis over a Read More

International Money Laundering 

International Money Laundering 

In a case where the verdict symbolized more than the fines and punishment it meted out, lawyers are touting a French court ruling as a … Read More

Cyprus defends reputation on Russia money laundering

Cyprus defends reputation on Russia money laundering

Cyprus has defended its reputation on money laundering after a British MP called for its international rating to be downgraded.

Bitcoin Flagged As Money Laundering In Taiwan

Bitcoin Flagged As Money Laundering In Taiwan

Taiwan is the latest country to make comments about bitcoin regulation, according to news from Reuters.

Gaming Corporation responds to allegations of money laundering at River Rock Casino 

Gaming Corporation responds to allegations of money laundering at River Rock Casino 

After weeks of talks around money laundering in casinos – especially around the River Rock Casino in Richmond – the Great Canadian … Read More

 Cyber Risk

PURE Insurance Launches Industry-Leading Fraud and Cyber Fraud Coverage for High Net Worth Families

PURE Insurance Launches Industry-Leading Fraud and Cyber Fraud Coverage for High Net Worth Families

WHITE PLAINS, N.Y., Oct. 24, 2017 /PRNewswire/ — The PURE Group of Insurance Companies, which includes Privilege Underwriters … Read More

Don’t fall prey to the cyber-fakers

Don’t fall prey to the cyber-fakers

“Fake news” is a scourge of the digital age — and online fakers could be costing British consumers £2.6bn a year.

WannaCry ransomware: Hospitals were warned to patch system to protect against cyber-attack

WannaCry ransomware: Hospitals were warned to patch system to protect against cyber-attack

The National Health Service (NHS) was left vulnerable to the WannaCry ransomware attackbecause, despite local health trusts being … Read More

UK security minister blames North Korea for NHS hack 

UK security minister blames North Korea for NHS hack 

North Korea has been publicly blamed by the UK’s Security Minister for the WannaCry cyber attack which hit the NHS.

With the advancements in Cyber Security, Hackers and DDoS are more Prevalent than ever 

With the advancements in Cyber Security, Hackers and DDoS are more Prevalent than ever 

2016 has had its fair share of record-setting cyberattacks and security breaches emphasizing how much the security landscape has … Read More

Should FBI Use Foreign Surveillance Data Without a Warrant?

Should FBI Use Foreign Surveillance Data Without a Warrant?

In a case like this, the FBI might query databases containing foreign intelligence collected overseas. An agent might learn nothing or … Read More

Security Risks


Hackers target security researchers with malware-laden document 

Hackers target security researchers with malware-laden document 

State-backed hackers are apparently targeting security researchers with their latest campaign, which uses a document advertising a … Read More

Queen security threat: Heathrow launches probe after Queen’s security details FOUND 

Queen security threat: Heathrow launches probe after Queen’s security details FOUND 

The USB stick – containing 76 folders with maps, videos and ­documents – was not encrypted and did not require a password.

Alarming Rise in Cyber-Threats to Trigger Deployment of Data Center Physical Security 

Alarming Rise in Cyber-Threats to Trigger Deployment of Data Center Physical Security 

Brooklyn, NY — (SBWIRE) — 10/30/2017 — Qyresearchreports.com has added a new report to its research repository. The report is … Read More

Easy Ways To Keep Your Debit Card Safe

Easy Ways To Keep Your Debit Card Safe

The other issue is that there’s a much shorter window of time (just two days!) for cardholders to report a suspicious transaction made … Read More

Training Afghan soldiers exposes the US to a huge risk 

Training Afghan soldiers exposes the US to a huge risk 

Washington is a factory for dumb ideas, but taking the cake may be a US-based military training program for Afghan soldiers that not … Read More

Terror threat as Heathrow Airport security files found dumped in the street 

Terror threat as Heathrow Airport security files found dumped in the street 

Heathrow chiefs are reeling after a memory stick crammed with confidential information was found in the street – posing “a risk to … Read More

North America


Corruption In The US Finance Industry Can Give India A Run For Its Money

Corruption In The US Finance Industry Can Give India A Run For Its Money

Oligarchs from outside the United States typically take their money out of their countries to resettle it in New York or … Read More

For US Employers Operating in Mexico, Anti-Corruption Compliance Now is a Multi-Jurisdictional Obligation

For US Employers Operating in Mexico, Anti-Corruption Compliance Now is a Multi-Jurisdictional Obligation

For several decades, US employers operating in Mexico (or anywhere else around the globe, for that matter) have been subject to – and, … Read More

Ex-Trump aide Manafort charged with US tax fraud over Ukraine work

Ex-Trump aide Manafort charged with US tax fraud over Ukraine work

The 12 charges brought against Mr Manafort and one of his business associates, Rick Gates, include conspiracy to launder money.

Ex-HSBC forex trader loses extradition case over US fraud charges

Ex-HSBC forex trader loses extradition case over US fraud charges

One of HSBC’s former top currency traders can be extradited to face fraud charges in New York, a UK court has ruled, only days after … Read More

Insys Founder Resigns From Board After Charges in U.S. Opioid Bribe Case

Insys Founder Resigns From Board After Charges in U.S. Opioid Bribe Case

 The billionaire founder of Insys Therapeutics Inc, John Kapoor, has resigned from the company’s board of directors, Insys said in a … Read More

Day trader made $700,000 in a scheme targeting hacked online brokerage accounts

Day trader made $700,000 in a scheme targeting hacked online brokerage accounts

Add online brokerage accounts to the list of things that can be hacked for gain.

Latin America


Head of Puerto Rico Electrical Workers’ Union Demands Corruption Probe of Whitefish Energy Contract 

Head of Puerto Rico Electrical Workers’ Union Demands Corruption Probe of Whitefish Energy Contract 

Democracy Now! has just returned from Puerto Rico, where we interviewed Ángel Figueroa Jaramillo, head of the Puerto Rico electrical … Read More

Mexican anger over corruption deepens – but will politicians change their ways? 

Mexican anger over corruption deepens – but will politicians change their ways? 

Over the past year, Mexico’s ruling party has been embroiled in a string of scandals, including accusations of wild overspending in … Read More

Brazil’s Congress rejects corruption case against President Temer

Brazil’s Congress rejects corruption case against President Temer

The corruption case, involving the payment of bribes by meatpacker JBS SA (JBSS3.SA), had paralyzed Temer’s reform agenda for six … Read More

Former Guatemala leader Otto Pérez Molina to face trial

Former Guatemala leader Otto Pérez Molina to face trial

The scandal prompted unprecedented mass street protests in Guatemala in 2015.

Argentina’s Ex-President Kirchner Loses and Wins in Senatorial Elections

Argentina’s Ex-President Kirchner Loses and Wins in Senatorial Elections

Former President Cristina Fernández de Kirchner won a senatorial seat for the Buenos Aires province during Argentina’s October 22 … Read More

Ex-Guatemalan Judge Gets 8 Months in FIFA Corruption Scandal

Ex-Guatemalan Judge Gets 8 Months in FIFA Corruption Scandal

A former official with the international soccer governing body FIFA was sentenced Wednesday to eight months in federal prison for wire … Read More

Asia


Jack Lam to be charged with Philippines bribery

Jack Lam to be charged with Philippines bribery

Chinese casino entrepreneur Jack Lam Yin Lok (pictured) faces the possibility of a prison sentence in the Philippines after being … Read More

Blockchain Technology Could Unblock Southeast Asia

Blockchain Technology Could Unblock Southeast Asia

Imagine you could swipe your phone over a piece of fish in the supermarket and instantly see secure records of its entire path through … Read More

China aims to set up state anti-corruption unit next year

China aims to set up state anti-corruption unit next year

BEIJING (Reuters) — China aims to pass a national supervision law and set up a new commission next year to oversee an expansion of … Read More

KAI struggles for reform after corruption scandal

KAI struggles for reform after corruption scandal

Korea Aerospace Industries, the nation’s sole aircraft manufacturer, said Monday that it kicked off a self-reform committee, in an … Read More

Ad fraud remains biggest challenge for mobile marketers in China 

Ad fraud remains biggest challenge for mobile marketers in China 

Mense told The Drum that ad fraud is one of the “biggest thorns in the side of marketers” in China, along with the market’s lack of a … Read More

China extends pilot schemes for beefed up anti-graft agency 

China extends pilot schemes for beefed up anti-graft agency 

BEIJING — China is closer to setting up a new anti-corruption agency with wider powers after the authorities announced they were … Read More

Europe


Barclays Africa and Standard Bank drop McKinsey as it faces bribery allegations 

Barclays Africa and Standard Bank drop McKinsey as it faces bribery allegations 

Barclays Africa and Standard Bank said on Monday they would stop working with McKinsey, a further blow to the global consultancy as it … Read More

Killing of Maltese journalist silences anti-corruption voice 

Killing of Maltese journalist silences anti-corruption voice 

BIDNIJA, Malta — A few hundred meters from the home of Maltese investigative journalist Daphne Caruana Galizia, in the field where the … Read More

UK announces global conference to crack down on wildlife crime

UK announces global conference to crack down on wildlife crime

Cambridge, UK, 30th October 2017—the UK Government today officially launched London 2018 Illegal Wildlife Trade Conference, which will … Read More

UK Government Plans to ‘Bribe’ Returning Islamic State Fighters with Houses and Jobs

UK Government Plans to ‘Bribe’ Returning Islamic State Fighters with Houses and Jobs

A secretive government strategy, named Operation Constrain, could see extremists jump the queue for council houses, the Mail on … Read More

India, Italy commit cooperation in fighting corruption

India, Italy commit cooperation in fighting corruption

India on Monday secured Italy’s commitment to work together in fighting corruption in public and private sectors thus setting the stage Read More

AFP charges RAMS founder John Kinghorn with fraud

AFP charges RAMS founder John Kinghorn with fraud

Mr Kinghorn was served with a court attendance notice on October 6. The matter was briefly heard at Sydney’s Downing Centre Local Court Read More

Middle East


Could Barzani’s resignation mark the end of family rule in Kurdistan?

Could Barzani’s resignation mark the end of family rule in Kurdistan?

On 29 October, the parliament in Iraq’s Kurdistan region (KRG) held a historical session in which President Massoud Barzani’s … Read More

Saudi Prince Alwaleed suggests Bitcoin is a ‘fraud’

Saudi Prince Alwaleed suggests Bitcoin is a ‘fraud’

In an interview with CNBC last week, the Saudi business mogul criticized the cryptocurrency’s lack of regulation and warned it was … Read More

KP NAB authorizes inquiry against DC Shangla and others

KP NAB authorizes inquiry against DC Shangla and others

The Regional Board Meeting (RBM) of National Accountability Bureau (NAB) Khyber Pakhtunkhwa has authorized several inquiries and … Read More

Police call for indictment of Netanya’s deputy mayor in corruption case

Police call for indictment of Netanya’s deputy mayor in corruption case

The Israel Police called Monday for the indictment of Netanya Deputy Mayor Rabbi Shimon Sher and several local business leaders for … Read More

Reasons of bribe in Egypt and effective ways to eliminate 

Reasons of bribe in Egypt and effective ways to eliminate 

CAIRO – 29 October 2017: The Administrative Prosecution Authority presented in its annual report on Sunday a study of some reasons … Read More

Interior Secretary Ryan Zinke is embroiled in more than one scandal 

Interior Secretary Ryan Zinke is embroiled in more than one scandal 

A controversial contract benefiting a small company based in his hometown is only the latest possible corruption scandal linked … Read More

Africa


Two banks drop McKinsey in fallout from South Africa scandal

Two banks drop McKinsey in fallout from South Africa scandal

JOHANNESBURG – Barclays Africa and Standard Bank said on Monday they would stop working with McKinsey, a further blow to the global … Read More

How Kenya’s Election Went From Fraud to Hope to Sham

How Kenya’s Election Went From Fraud to Hope to Sham

NAIROBI, Kenya — Kenya held a rerun of its presidential election on Thursday, and Uhuru Kenyatta, the incumbent, will undoubtedly get … Read More

Nigeria’s Buhari Sacks Top Civil Servant After Corruption Probe

Nigeria’s Buhari Sacks Top Civil Servant After Corruption Probe

President Muhammadu Buhari on Monday sacked Nigeria’s most senior civil servant after an investigation into graft allegations, the … Read More

Former PetroSA manager in dock for R60m fraud case

Former PetroSA manager in dock for R60m fraud case

Johannesburg –  A R60 million fraud case involving a former Petro-South Africa manager is expected to resume in the Bellville … Read More

Africa: Rescuing Africa From the Jaws of Corruption

Africa: Rescuing Africa From the Jaws of Corruption

The fight against corruption in Africa has been slow and arduous. So, when the African Union marked the first African Anti-Corruption … Read More

Soldier asks adventurers to pay bribe for ‘expired tyres’ as they journey through Nigeria’s ‘kidnap capital’ 

Soldier asks adventurers to pay bribe for ‘expired tyres’ as they journey through Nigeria’s ‘kidnap capital’ 

Two tourists found out the reality of bribery and roadblocks as they journeyed through the ‘kidnap capital’ of Nigeria.


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

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