Skip to content

Today’s Anti Corruption Digest


anti-corruption-logo-sm-use

Featured Articles


Businesses need better approach to compliance programs, research finds

Businesses need better approach to compliance programs, research finds

Recent reports of sexual harassment committed by powerful men also highlight the failures of corporate compliance programs designed to protect employees. This is because few companies understand how their employees reach unethical and illegal decisions or have compliance strategies aimed at curbing them, according to research by a professor in the Indiana University Kelley School of Business.

read more

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.

read more

Anti-Corruption

US charges ex-HK official with Africa corruption

US charges ex-HK official with Africa corruption

A former Hong Kong government official has been arrested in the US on charges of participating in a “multi-year, multimillion-dollar … Read More

Saudi prince detention holds up loan to investment firm

Saudi prince detention holds up loan to investment firm

Kingdom 4280.SE had approached banks to obtain the loan, but the financing plan has been held up because the lenders are worried about … Read More

Uber hit with US$8.9 million fine in Colorado over unqualified drivers

Uber hit with US$8.9 million fine in Colorado over unqualified drivers

The Colorado Public Utilities Commission said its probe found violations that included 12 drivers with felony convictions, 17 drivers … Read More

Fighting bribery and corruption: How advanced analytics can help auditors

Fighting bribery and corruption: How advanced analytics can help auditors

Corruption scandals have grabbed media headlines for the past five years with an incredible rise in awareness around bribery and … Read More

‘Fat Leonard’ Spreads Money & Prostitutes Around The U.S. Navy

‘Fat Leonard’ Spreads Money & Prostitutes Around The U.S. Navy

Mike Papantonio: Sixty U.S. Navy Admirals are now part of a massive investigation looking into bribery and corruption charges that … Read More

US arrests two Chinese oil company reps in Africa bribery scheme

US arrests two Chinese oil company reps in Africa bribery scheme

US officials announced Monday that former Senegalese top diplomat Cheikh Gadio and Hong Kong’s Patrick Chi Ping Ho sent huge bribes to … Read More

Governance and Ethics


Millennials and corporate governance

Millennials and corporate governance

A lot has been said about millennials, those born in the ‘80s and who came of age during the 21st century. While I don’t think it’s … Read More

All corporate ethics compromised in Kingfisher Airlines-Deccan Aviation deal

All corporate ethics compromised in Kingfisher Airlines-Deccan Aviation deal

A probe by the Serious Fraud Investigation Office (SFIO) has found that “all corporate ethics were compromised” in the merger between … Read More

Let’s reboot on corporate governance

Let’s reboot on corporate governance

The Uday Kotak committee recently submitted a proposal to SEBI for improved corporate governance norms involving higher empowerment of … Read More

Inextricable relationship between ideology and good governance

Inextricable relationship between ideology and good governance

My piece “There is no system of governance without ideology” (FMT, Nov 20) elicited a few comments in the letters to editor column.

Farewell to Malcom Young and Disparaging the Wells Fargo Settlement – Compliance Report

Farewell to Malcom Young and Disparaging the Wells Fargo Settlement – Compliance Report

Malcom Young died over the weekend. He was the rhythm guitar half of brothers who founded AC/DC, the great Australian rock and roll … Read More

Internal Investigations: Protecting the Attorney

Internal Investigations: Protecting the Attorney

I like to repeat myself – attorneys are valuable for only two reasons: (1) attorney-client privilege; and (2) advice of counsel … Read More

Anti-Money Laundering

San Bruno casino facing $8 million penalty over alleged money laundering on premises 

San Bruno casino facing $8 million penalty over alleged money laundering on premises 

The federal Financial Crimes Enforcement Network has hit Artichoke Joe’s Casino in San Bruno with an $8 million penalty for allegedly … Read More

Donald Jr. Met With Russian Ex-Banker Accused Of Money Laundering 

Donald Jr. Met With Russian Ex-Banker Accused Of Money Laundering 

Aleksander Torshin, a former Russian parliamentarian and banking official accused of laundering money for organized crime by Spanish … Read More

JPMorgan (JPM) Sanctioned by FINMA for Money Laundering

JPMorgan (JPM) Sanctioned by FINMA for Money Laundering

Switzerland’s financial regulator, FINMA, has sanctioned the Swiss subsidiary of JPMorgan Chase & Co. (JPM – Free Report) for money Read More

Trump’s Panama tower used for money-laundering by condo owners

Trump’s Panama tower used for money-laundering by condo owners

The Trump Ocean Club International Hotel and Tower soars over Panama City bay, a 70-storey skyscraper shaped like a sail. Donald … Read More

JPMorgan Busted For Money Laundering, After CEO Condemns Bitcoin

JPMorgan Busted For Money Laundering, After CEO Condemns Bitcoin

Since early 2016, JPMorgan and its CEO Jamie Dimon have focused on attempting to commercialize and market the term ‘blockchain” to … Read More

Money laundering fears in betting shops

Money laundering fears in betting shops

A lack of regulation for betting shops could raise red flags when the island’s anti-money laundering measures are investigated by … Read More

Cyber Risk


US Targets Iranian Counterfeit Scheme in Yemen

US Targets Iranian Counterfeit Scheme in Yemen

U.S. officials are spotlighting Iran’s efforts to spread its influence across the Middle East with what they describe as a … Read More

China military sets up website to report leaks, fake news

China military sets up website to report leaks, fake news

BEIJING • China’s military yesterday launched a website inviting the public to report leaks and fake news, as well as illegal online … Read More

Ransomware damage costs predicted to hit $11.5B by 2019 

Ransomware damage costs predicted to hit $11.5B by 2019 

Paying a ransom pales in comparison to the actual damage costs involved with a ransomware attack, which includes:

‘Advanced’ Cyber Attack Targets Saudi Arabia

‘Advanced’ Cyber Attack Targets Saudi Arabia

RIYADH, SAUDI ARABIA:  Saudi authorities said Monday they had detected an “advanced” cyber attack targeting the kingdom, in a fresh … Read More

DDoS Attacks Nearly Double Since January

DDoS Attacks Nearly Double Since January

That’s according to the latest DDoS Trends and Analysis report from Corero Network Security, which found that the rate of attacks, … Read More

Chinese cyber surveillance violates privacy rights

Chinese cyber surveillance violates privacy rights

A rights group on Monday asked the Chinese government to stop building big data policing platforms to store personal information of its Read More

Security Risks


Alibaba Fights Counterfeit Merchandise

Alibaba Fights Counterfeit Merchandise

The company doth protest too much. And this time, it’s really awkward: At the same time that Alibaba co-founder Joe Tsai announced he … Read More

Conservatives slam Trudeau as soft on terror as push for security changes begins 

Conservatives slam Trudeau as soft on terror as push for security changes begins 

OTTAWA –The Opposition says it will not support the Liberal bill to overhaul national security, with Conservatives ripping Prime … Read More

Cars could be hacked by terrorists who can remotely control vehicles, reveals experts 

Cars could be hacked by terrorists who can remotely control vehicles, reveals experts 

Drivers in the UK are being made aware of a scary potential threat of terrorists, who could remotely control their car.

Why hackers reuse malware 

Why hackers reuse malware 

Software developers love to reuse code wherever possible, and hackers are no exception. While we often think of different malware … Read More

Cyber security collaboration is key to dark web deterrent

Cyber security collaboration is key to dark web deterrent

When the NotPetya cyber attack struck in June, taking the radiation monitoring system at Ukraine’s Chernobyl nuclear power plant … Read More

The security landscape must evolve to deal with new cyber threats 

The security landscape must evolve to deal with new cyber threats 

Organisations’ threat surfaces are growing, increasing their vulnerability to cyber attacks. As well as the traditional physical and … Read More

North America


Uber hit with US$8.9 million fine in Colorado over unqualified drivers

Uber hit with US$8.9 million fine in Colorado over unqualified drivers

The Colorado Public Utilities Commission said its probe found violations that included 12 drivers with felony convictions, 17 drivers … Read More

FBI informant gathered years of evidence on Russian push for US nuclear fuel deals, including Uranium One

FBI informant gathered years of evidence on Russian push for US nuclear fuel deals, including Uranium One

An FBI informant gathered extensive evidence during his six years undercover about a Russian plot to corner the American uranium … Read More

Hundreds of millions of investment fraud fines going unpaid 

Hundreds of millions of investment fraud fines going unpaid 

Michael Lathigee and Earle Pasquill were each slapped with a $15-million fine and ordered to pay back $21.7 million raised fraudulently Read More

U.S. Pursues Alleged Chinese-Africa Bribery Through Finance Ties

U.S. Pursues Alleged Chinese-Africa Bribery Through Finance Ties

Prosecutors in New York on Monday unsealed a criminal complaint against the head of a non-government organization and a former … Read More

Fighting bribery and corruption: How advanced analytics can help auditors

Fighting bribery and corruption: How advanced analytics can help auditors

Corruption scandals have grabbed media headlines for the past five years with an incredible rise in awareness around bribery and … Read More

Combating Fraud in Climate Finance

Combating Fraud in Climate Finance

The necessity of cutting greenhouse gas emissions is at the heart of the Paris climate agreement, and, without that, nothing else may … Read More

Latin America


Could Brazil Be the Envy of Latin America? 

Could Brazil Be the Envy of Latin America? 

Talk to a Brazilian lately and there is not much reason for him or her to be cheerful—other than the good shape of their national … Read More

Peruvian President Denies Taking Odebrecht Bribes 

Peruvian President Denies Taking Odebrecht Bribes 

Speaking on national television on Wednesday, Kuczynski, 79, also denied having worked as a consultant to the company, which has … Read More

Puerto Rican Utility Fights Class Cert. Bid In Kickback Suit 

Puerto Rican Utility Fights Class Cert. Bid In Kickback Suit 

PREPA, Puerto Rico’s electric utility, is fighting back against a proposed class action alleging it has been cheating on environmental … Read More

In Rio de Janeiro, ‘Complete Vulnerability’ as Violence Surges 

In Rio de Janeiro, ‘Complete Vulnerability’ as Violence Surges 

RIO DE JANEIRO — For teachers in this seaside megacity, Rio de Janeiro’s surge in violence has meant making a life-or-death judgment … Read More

FIFA corruption trial reveals secret bribes and death threats 

FIFA corruption trial reveals secret bribes and death threats 

Hour after hour in a New York City courtroom, the schemes to corrupt world soccer are spilling out.

Latin America Media Giants Implicated in FIFA Corruption Scandal

Latin America Media Giants Implicated in FIFA Corruption Scandal

Testimony in an ongoing trial in a US court has implicated two of Latin America’s biggest media companies in the wide-ranging FIFA … Read More

Asia


South Korea’s sweeping anti-corruption campaign divides country

South Korea’s sweeping anti-corruption campaign divides country

A mushrooming corruption crackdown in South Korea has sparked claims of “political revenge” as prosecutors snare an increasingly long … Read More

Olympus whistleblower lands TV deal as Japan faces wave of fresh scandals

Olympus whistleblower lands TV deal as Japan faces wave of fresh scandals

The British chief executive who exposed a £1.1bn scandal at the heart of Japanese giant Olympus has landed an international TV deal … Read More

Chongqing renews attacks on ousted leaders

Chongqing renews attacks on ousted leaders

BEIJING • The government of the south-western Chinese city of Chongqing renewed its attacks on two of its disgraced former leaders … Read More

2 top North Korean military officers punished 

2 top North Korean military officers punished 

South Korea’s spy agency told lawmakers Monday that North Korea has punished two of its top military officers, including one widely … Read More

Uber users in Singapore charged for ‘phantom rides’ overseas 

Uber users in Singapore charged for ‘phantom rides’ overseas 

SINGAPORE: Several Uber users in Singapore have complained this month of being charged for rides they never took, often in faraway … Read More

Two South Korean ex-spy chiefs arrested over corruption scandal 

Two South Korean ex-spy chiefs arrested over corruption scandal 

SEOUL: Two former heads of South Korea’s spy agency were arrested Friday on suspicion of paying millions of dollars in bribes to aides … Read More

Europe


Police Scotland spy probe farce as officers targeted in Emma Caldwell molehunt slam secrecy ploy 

Police Scotland spy probe farce as officers targeted in Emma Caldwell molehunt slam secrecy ploy 

Police officers targeted by a controversial internal affairs unit will finally get to see a report about unlawful spying on them – but … Read More

Amid Corruption Investigations, SC Allows Karti P. Chidambaram To Visit UK In December

Amid Corruption Investigations, SC Allows Karti P. Chidambaram To Visit UK In December

The Supreme Court on Monday allowed Karti Chidambaram amit corruption investigations to visit UK from December 1-10 for his daughter’s … Read More

HSBC settles French tax ‘fraud’ for €300m over ‘control weaknesses’

HSBC settles French tax ‘fraud’ for €300m over ‘control weaknesses’

It is believed to be the second largest corporate fine in the country and has come about as the result of a change of the law in France Read More

Sepp Blatter’s Fifa vice-president took $1m bribe to vote for Qatar 

Sepp Blatter’s Fifa vice-president took $1m bribe to vote for Qatar 

Sepp Blatter’s most senior vice-president at Fifa took at least $1 million in bribes to vote for Qatar to host the 2022 World Cup, a … Read More

Hundreds of Haitians protest government corruption

Hundreds of Haitians protest government corruption

Hundreds of Haitian opposition activists took to the streets of Port-au-Prince on Saturday to protest the army’s remobilization and … Read More

Deutsche Bank Top Holders Are No Longer Under German Probe 

Deutsche Bank Top Holders Are No Longer Under German Probe 

Germany’s financial regulator dropped a probe into whether Deutsche Bank AG’s two largest shareholders acted in concert, according to a Read More

Middle East


Israeli police arrive at Netanyahu’s home to discuss corruption charges

Israeli police arrive at Netanyahu’s home to discuss corruption charges

Israeli police grilled Prime Minister Benyamin Netanyahu for a sixth time on Sunday over allegations of involvement in bribery, fraud, … Read More

Saudi arrests army officers in anti-corruption purge 

Saudi arrests army officers in anti-corruption purge 

Members of the army have been arrested as part of Saudi Crown Prince Mohammed Bin Salman’s “anti-corruption” drive, the BBC reported … Read More

Saudi-UAE Push to mobilize Tribes against Emir of Qatar

Saudi-UAE Push to mobilize Tribes against Emir of Qatar

Riyadh: Nearly six months into the Gulf crisis, Saudi Arabia and the United Arab Emirates are attempting to mobilize tribal opposition … Read More

Corruption, the second major challenge for Iraq 

Corruption, the second major challenge for Iraq 

Driving ISIS out of the Iraqi town of Rawa – the group’s last stronghold in the country – was inevitable as a terrorist gang cannot … Read More

Egypt prosecution refers officials to trial over wheat corruption 

Egypt prosecution refers officials to trial over wheat corruption 

Head of the Administrative Prosecution Authority (APA) Feryal Kotb ordered on Sunday five officials with the Egyptian Holding Company … Read More

The Saudi corruption crackdown should whet investors’ appetites |

The Saudi corruption crackdown should whet investors’ appetites |

Crude oil prices recorded their fifth consecutive week of gains last week.

Africa


Republic of Congo: Gunvor, the Kremlin, oil and corruption 

Republic of Congo: Gunvor, the Kremlin, oil and corruption 

The government in Brazzaville is in the midst of a major corruption scandal relating to its relationship to Geneva-based commodities … Read More

Mombasa Water executive misses swearing-in, Joho warns against corruption 

Mombasa Water executive misses swearing-in, Joho warns against corruption 

It was not clear why she did not attend as she was vetted, approved by the assembly and programmed

Anti-corruption fight has restored Nigeria’s integrity

Anti-corruption fight has restored Nigeria’s integrity

According to Aremu who is also the General Secretary of the National Union of Textile, Garment and Tailoring Workers of Nigeria, … Read More

South Africa: Two Prisoners Run Extortion Scam From Inside Pretoria Prison 

South Africa: Two Prisoners Run Extortion Scam From Inside Pretoria Prison 

Two prisoners have given new meaning to the term “inside job” after they were caught running an extortion scam from inside the Odi … Read More

US arrests two Chinese oil company reps in Africa bribery scheme

US arrests two Chinese oil company reps in Africa bribery scheme

US officials announced Monday that former Senegalese top diplomat Cheikh Gadio and Hong Kong’s Patrick Chi Ping Ho sent huge bribes to … Read More

Pressure On HSBC Grows Over S. Africa Corruption Scandal

Pressure On HSBC Grows Over S. Africa Corruption Scandal

Anti-corruption campaigners called on Monday for enforcement agencies in the U.S and U.K. to open a full probe into a growing banking … 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.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: