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Corporate Culture Is an Alarmingly Low Priority for Boards

Corporate Culture Is an Alarmingly Low Priority for Boards

The importance of having a strong corporate culture has been well documented. From upholding ethics to driving innovation, organisational performance can be very much influenced by cultural aspects, such as values, mission, communication and the prevailing organisational atmosphere. It is therefore vital that boards understand the culture in their organisations so they can provide effective leadership and direction to the business. If the culture is suboptimum, they also need to be clear about what they desire it to be before they can chart a path towards achieving it.

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Anti-Corruption

Senator Bob Menendez Escapes Corruption Case in Mistrial

Senator Bob Menendez Escapes Corruption Case in Mistrial

Jurors declared themselves “hopelessly deadlocked” in a major federal corruption case Thursday, the latest blow to efforts by the feds … Read More

Saudi Purge Uncovers $100 Billion Corruption Scandal

Saudi Purge Uncovers $100 Billion Corruption Scandal

A social and cultural revolution is underway in Saudi Arabia as the new royal regime sweeps away fraud and corruption.

Britain Dragging Its Feet on Tax Haven Clampdown as Brexit Looms

Britain Dragging Its Feet on Tax Haven Clampdown as Brexit Looms

From Britain’s Queen Elizabeth to Formula One racing champion Lewis Hamilton — the leak of more than 14 million documents from firms … Read More

A Golden Age for Corruption 

A Golden Age for Corruption 

Federal prosecutors didn’t have a great day on Thursday. In Newark, New Jersey, a judge declared a mistrial in the case of Senator Bob … Read More

Drug Firm Founder Pleads Not Guilty to Opioid Bribe Scheme

Drug Firm Founder Pleads Not Guilty to Opioid Bribe Scheme

BOSTON (AP) — A pharmaceutical company founder accused of leading a conspiracy to bribe doctors to prescribe a powerful opioid pain … Read More

SFO levels charges against Unaoil in global corruption scandal

SFO levels charges against Unaoil in global corruption scandal

he Serious Fraud Office has made its first charges against Unaoil employees in relation to a corruption scandal that has engulfed the … Read More

Governance and Ethics

Leaders abuse governance to control citizens 

Leaders abuse governance to control citizens 

Many African countries since independence from colonialism have operated under multiple systems of governance: the country’s formal … Read More

Deepening Ethical Compliance in Business

Deepening Ethical Compliance in Business

Businesses thrive when players in the industry – investors, employers, employees, all concerned, hold on to the sanctity of trust, high Read More

Businesses need better approach to compliance programs

Businesses need better approach to compliance programs

“Despite a sustained focus on curbing bad corporate behavior over the past two decades, and a resulting boom in the compliance … Read More

NASA spent $1.4 billion on IT, but governance and security issues remain 

NASA spent $1.4 billion on IT, but governance and security issues remain 

NASA spent $1.4 billion, or 7.6 percent of its $18.5 billion budget, on information technology, but continues to struggle with security Read More

Putting Ethics Back Into Compliance (Part IV of IV) – Corruption, Crime & Compliance

Putting Ethics Back Into Compliance (Part IV of IV) – Corruption, Crime & Compliance

My final posting on this week’s ethics series is a call to action for all compliance professionals. Every compliance officer should … Read More

Working to Change Compliance Culture at Volkswagen 

Working to Change Compliance Culture at Volkswagen 

Stephanie Davis, who earlier this year became chief compliance officer at Volkswagen Group of America, discusses why she took the job … Read More

Anti-Money Laundering

Former FBI director Louis Freeh represented Prevezon, firm at center of money-laundering probe

Former FBI director Louis Freeh represented Prevezon, firm at center of money-laundering probe

The Russian-owned real-estate firm Prevezon earlier this year hired former FBI Director Louis Freeh to help the company negotiate a … Read More

China’s bitcoin crackdown has helped Japan embrace the cryptocurrency movement

China’s bitcoin crackdown has helped Japan embrace the cryptocurrency movement

A year ago, China accounted for 90 percent of all bitcoin trade. But since Beijing banned initial coin offerings (ICOs) and regulators … Read More

Murder and Money Laundering in Malta

Murder and Money Laundering in Malta

BRUSSELS (Reuters) – The European Union has called very publicly for Malta to bring to justice the killers of a journalist who accused … Read More

Former Niger Gov., Aliyu, docked for money laundering

Former Niger Gov., Aliyu, docked for money laundering

The offences are contrary to section 18(a) of the money laundering Act, 2011 as amended and punishable under section 15(3) of same Act. Read More

W. Africa to enhance measures to combat money laundering, terrorism financing 

W. Africa to enhance measures to combat money laundering, terrorism financing 

West African countries are set to enhance measures to combat money laundering and terrorism financing in the sub-region.

30-year-old woman and owner of Wicked Vapes accused of money laundering and illegal gambling

30-year-old woman and owner of Wicked Vapes accused of money laundering and illegal gambling

30-year-old Carrollton woman and the owner and operator of Wicked Vapes, is accused of money laundering and illegal gambling, officials Read More

Cyber Risk


Schools focus on cyber security after warning from FBI

Schools focus on cyber security after warning from FBI

Cyber criminals are focusing on a new target: schools. Your child’s personal information could be at risk.

Cyber criminals made fake news a profitable business model

Cyber criminals made fake news a profitable business model

Cyber criminals have latched onto the notion of “fake news” and turned it into a profitable business model, with services starting at … Read More

4 Tips to Protect Your Computer from Ransomware 

4 Tips to Protect Your Computer from Ransomware 

Hackers are out there praying on vulnerable computers and shutting them down with software called ransomware, then asking for money to … Read More

Customer data breached after Cash Converters hack 

Customer data breached after Cash Converters hack 

Hackers who attacked the now defunct website of second hand goods store Cash Converters may have access to the account details of … Read More

Russian hackers have targeted Britain’s energy companies, cyber security chief says 

Russian hackers have targeted Britain’s energy companies, cyber security chief says 

Russian hackers have targeted the UK energy network, telecoms and the media in the past year, a British security chief has claimed. … Read More

White House Cyber Chief: ‘There Will be Compromise’ on U.S. Surveillance Program

White House Cyber Chief: ‘There Will be Compromise’ on U.S. Surveillance Program

White House Cybersecurity Coordinator Rob Joyce said Wednesday the administration will have to compromise with Congress on legislation … Read More

Security Risks


How do we decide what we consider ‘terrorism’?

How do we decide what we consider ‘terrorism’?

Officials investigating the shooting asserted that they would not treat the attack as a terrorist act.

Alibaba sold counterfeit Nets gear while it was buying a team stake 

Alibaba sold counterfeit Nets gear while it was buying a team stake 

On the day news broke that Alibaba co-founder Joe Tsai was purchasing 49 percent of the Brooklyn Nets NBA franchise, plenty of the … Read More

Security overkill is terror’s real triumph

Security overkill is terror’s real triumph

The moment the news broke on Halloween that an Uzbek in a rental truck had just killed eight people on New York’s West Side cycle path, Read More

Is fake news dangerous? Security pros say yes 

Is fake news dangerous? Security pros say yes 

Fake news is the deliberate distribution of lies with the goal of swaying public opinion or dividing people. It has gotten the … Read More

China: Bangladesh poses security threat besides Pakistan

China: Bangladesh poses security threat besides Pakistan

Bangladesh, the “so-called friend” of India, also poses a security threat to the country besides China and Pakistan, Union minister … Read More

Far-reaching Bill for cyber security ‘not uncommon’

Far-reaching Bill for cyber security ‘not uncommon’

Singapore is not alone in proposing a far-reaching Bill to beef up cyber security, said experts, even as it wins the support of … Read More

North America


Mistrial in NY Corruption Case Against Union Chief, Hedge Fund Executive

Mistrial in NY Corruption Case Against Union Chief, Hedge Fund Executive

NEW YORK (Reuters) – A U.S. judge on Thursday ordered a mistrial in the corruption case against the former head of New York City’s … Read More

NSW to fine companies $1m for using banned building products

NSW to fine companies $1m for using banned building products

Companies who use banned building products in New South Wales, including dangerous cladding, could be hit with fines of more than a … Read More

US Postal Service ‘was enlisted’ in hunt for Barclays whistleblower 

US Postal Service ‘was enlisted’ in hunt for Barclays whistleblower 

An American body that specialises in cybercrime allegedly asked the US Postal Service to help to identify a whistleblower at Barclays.

4 Indicted in Multistate Health Care Fraud Case 

4 Indicted in Multistate Health Care Fraud Case 

ATLANTA (AP) — Four people have been indicted on multiple counts of conspiracy to commit health care fraud and aggravated identity … Read More

Drug Firm Founder Pleads Not Guilty to Opioid Bribe Scheme

Drug Firm Founder Pleads Not Guilty to Opioid Bribe Scheme

BOSTON (AP) — A pharmaceutical company founder accused of leading a conspiracy to bribe doctors to prescribe a powerful opioid pain … Read More

Investment scam complaints hit two-year high 

Investment scam complaints hit two-year high 

nvestment watchdog the Financial Markets Authority believes increased awareness of the risks of online trading is behind a spike in … Read More

Latin America


Peru: President Kuczynski denies Odebrecht bribe allegations 

Peru: President Kuczynski denies Odebrecht bribe allegations 

In a statement broadcast on national television, Mr Kuczynski also rejected claims that he had been hired as a consultant a decade ago.

Fraud and corruption litigation in Latin America 

Fraud and corruption litigation in Latin America 

Arguably, one of the biggest challenges of doing business in Latin America has been fraud and corruption. In recent years, however, … Read More

New Testimony Links 8 Colombia Congress Members to Odebrecht 

New Testimony Links 8 Colombia Congress Members to Odebrecht 

Eight Colombian senators are under investigation for their alleged involvement in the infamous Odebrecht corruption case, according to … Read More

Financial Fraud And Information Sharing 

Financial Fraud And Information Sharing 

The 2015 leaks by the Panama Papers Reports showed how many countries had lost huge sums as monies carted away to offshore accounts and Read More

Peru: President Kuczynski denies Odebrecht bribe allegations

Peru: President Kuczynski denies Odebrecht bribe allegations

In a statement broadcast on national television, Mr Kuczynski also rejected claims that he had been hired as a consultant a decade ago.

Ecuador VP to face trial in Odebrecht corruption case 

Ecuador VP to face trial in Odebrecht corruption case 

QUITO, Ecuador –  A court in Ecuador has paved the way for a criminal trial to begin against the nation’s vice president in an alleged … Read More

Asia


Indonesian Speaker Setya Novanto wanted over corruption scandal

Indonesian Speaker Setya Novanto wanted over corruption scandal

Indonesia had been captivated by the hunt for Setya Novanto, who is being pursued over his links to a multi-million-dollar corruption … Read More

Corruption Remains A Major Risk For China’s Government

Corruption Remains A Major Risk For China’s Government

From Tyler Durden: Yang Xiadou is the Party’s number two man in Xi Jinping’s crackdown on corruption in the Chinese Communist Party – … Read More

Corruption watchdog finds more than 20 banks handled Gupta money in Transnet deal

Corruption watchdog finds more than 20 banks handled Gupta money in Transnet deal

More than 20 banks sent or received money to Gupta-linked companies, an investigation by the Organised Crime and Corruption Reporting … Read More

Japan: Kobe Steel fraud report does not go far enough

Japan: Kobe Steel fraud report does not go far enough

The report released last week by Kobe Steel after an internal probe into widespread data-doctoring does not delve deeply enough into … Read More

Top Moon aide offers to resign over bribery scandal

Top Moon aide offers to resign over bribery scandal

SEOUL — A top aide to South Korean President Moon Jae-in offered to resign on Thursday after his subordinates were arrested on … Read More

Vietnamese held for bribing Malaysian maritime officers

Vietnamese held for bribing Malaysian maritime officers

PETALING JAYA (THE STAR/ASIA NEWS NETWORK) – A Vietnamese businesswoman has been detained by Malaysia’s anti-graft agency for allegedly Read More

Europe


SFO levels charges against Unaoil in global corruption scandal

SFO levels charges against Unaoil in global corruption scandal

he Serious Fraud Office has made its first charges against Unaoil employees in relation to a corruption scandal that has engulfed the … Read More

Top judge quits EU Kosovo mission, alleging corruption 

Top judge quits EU Kosovo mission, alleging corruption 

The chief judge at an EU organization tasked with improving the rule of law in Kosovo quit and accused other senior members of the … Read More

Italian Crisis Region Sicily Elects New Government 

Italian Crisis Region Sicily Elects New Government 

This land, a place where lemon trees bloom four times a year, is blessed with abundance — of sunshine, world cultural heritage sites, … Read More

UK needs to change its whistleblower culture and assist people brave enough to report wrongdoing 

UK needs to change its whistleblower culture and assist people brave enough to report wrongdoing 

The survey showed a significant drop in support from senior company management for UK whistleblowers from 51% in 2014 to just 38% today.

Ukraine investigators fear corruption cases could get buried

Ukraine investigators fear corruption cases could get buried

KIEV (Reuters) – Ukrainian investigators fear corruption probes could get buried because the national anti-corruption bureau will soon … Read More

HSBC To Pay €300M To Resolve French Tax Probe Into Swiss Arm

HSBC To Pay €300M To Resolve French Tax Probe Into Swiss Arm

With a payment of €300 million (CHF350 million), the Swiss subsidiary of British bank HSBC has settled its tax fraud dispute with the … Read More

Middle East


Saudis detaining Lebanon PM 

Saudis detaining Lebanon PM 

Mr Aoun said “nothing justified” Saad Hariri’s continued absence, and that it was a breach of his human rights.

Saudi authorities offer freedom deals to princes and businessmen

Saudi authorities offer freedom deals to princes and businessmen

Saudi authorities are negotiating settlements with princes and businessmen held over allegations of corruption, offering deals for the … Read More

First charges laid in Unaoil bribery scandal

First charges laid in Unaoil bribery scandal

On Friday, UK corruption investigators laid the first criminal charges in the Unaoil scandal. The Serious Fraud Office charges against … Read More

Saudi offer in corruption crackdown: ‘cough up the cash and go home’ 

Saudi offer in corruption crackdown: ‘cough up the cash and go home’ 

Authorities in Saudi Arabia are offering businessmen and members of the royal family detained on allegations of corruption an … Read More

Israeli corruption is a tempest in a champagne bucket 

Israeli corruption is a tempest in a champagne bucket 

Israel ranks 28th among 176 countries in corruption, according to Transparency International, the organization that monitors corruption Read More

Corruption must not destroy the future for the Arab world 

Corruption must not destroy the future for the Arab world 

Earlier this month, Saudi Arabia grabbed international headlines and sent seismic shock waves across the region when its newly … Read More

Africa


We are succeeding in corruption war 

We are succeeding in corruption war 

President Muhammadu Buhari says the ongoing fight against corruption has started yielding fruitful results as Nigeria is now a … Read More

Corruption watchdog finds more than 20 banks handled Gupta money in Transnet deal

Corruption watchdog finds more than 20 banks handled Gupta money in Transnet deal

More than 20 banks sent or received money to Gupta-linked companies, an investigation by the Organised Crime and Corruption Reporting … Read More

Anti-Corruption Efforts Underway in South Africa

Anti-Corruption Efforts Underway in South Africa

Amidst the toxicity and fallout from the Gupta family’s manipulation of State in South Africa, with its tentacles spreading across the … Read More

Prepare for jail, corrupt Vice Chancellors told 

Prepare for jail, corrupt Vice Chancellors told 

Vice chancellors who have misappropriated university funds should prepare to go to jail. Education Cabinet Secretary Fred Matiang’i … Read More

South Africa: Officer Investigated for Fraud Was Nominated for Trip to France

South Africa: Officer Investigated for Fraud Was Nominated for Trip to France

Instead of suspending a high-ranking police officer who is under investigation for fraud, the police wanted to send her on a trip to … Read More

Corruption charges: Zuma won’t pay from his pockets

Corruption charges: Zuma won’t pay from his pockets

PARLIAMENT – President Jacob Zuma said the legal fees to be paid by the State for him challenging the reinstatement of 783 corruption, … 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.

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