Category: Anticorruption

Anti-Corruption Digest.com: WorldNews


The new home of the FCPA Newswire edited by Mike Kenealy
U.S. judge dismisses case against Wal-Mart over Mexico bribery

U.S. judge dismisses case against Wal-Mart over Mexico bribery

Wal-Mart Stores Inc (WMT.N) on Monday won the dismissal of a U.S. lawsuit accusing the world’s largest retailer of defrauding shareholders in its Wal-Mart de Mexico unit by concealing its suspected bribery of public officials in Mexico.

Featured Articles


Anti-Corruption


Pakistan PM awaits ‘Panama Papers’ verdict

Pakistan PM awaits ‘Panama Papers’ verdict

Islamabad, Pakistan – Pakistan’s Supreme Court is due to issue a verdict on corruption allegations against Prime Minister Nawaz Sharif … Read More

A bad year for Airbus

A bad year for Airbus

By any measure, 2017 has not been a good year for the European aircraft manufacturer Airbus. In its annual report, the company has … Read More

AI for Risk Management in Compliance – A New Business Advantage – Compliance Report

AI for Risk Management in Compliance – A New Business Advantage – Compliance Report

There have been some articles recently which discussed the revolution of technology into compliance, specifically with the introduction Read More

Brazilians fight back against corruption– with the help of a purple plug-in

Brazilians fight back against corruption– with the help of a purple plug-in

In an age of epic corruption and political cynicism in Brazil, a new browser plug-in aims to attract and inform voters about the extent Read More

What Created Wells Fargo’s Corrupt Cross-Selling Culture?

What Created Wells Fargo’s Corrupt Cross-Selling Culture?

John Stumpf and Carrie Tolstedt were once the darlings of the banking industry. Stumpf, the ex-CEO of Wells Fargo, and Tolstedt, the … Read More

Chief prosecutor announces indictments in Colombia’s biggest corruption scandal ever

Chief prosecutor announces indictments in Colombia’s biggest corruption scandal ever

More than a year after Colombia’s biggest corruption scandal ever broke, the prosecution indicted eight former executives of disgraced … Read More

Governance and Ethics


Ethics and governance are getting lost in the AI frenzy

Ethics and governance are getting lost in the AI frenzy

Mike Ananny is an assistant professor of Communication and Journalism at the USC Annenberg School for Communication and Journalism. … Read More

The challenge of ethics: Instill a healthy corporate culture so associates meet goals honestly

The challenge of ethics: Instill a healthy corporate culture so associates meet goals honestly

Companies seeking to steer clear of a Wells Fargo & Co.-style ethics breach need to put safeguards — not just performance targets — Read More

Linking corporate governance to customer service is more important than ever

Linking corporate governance to customer service is more important than ever

This year also marks the twenty-fifth anniversary of the origins of what is now the UK’s Corporate Governance Code. There’s no doubt … Read More

SC releases new code on corporate governance

SC releases new code on corporate governance

Cricket’s bosses have reversed a decision which effectively handed control of the sport to India, England and Australia.

ICC agree revised financial model and governance structure

ICC agree revised financial model and governance structure

Cricket’s bosses have reversed a decision which effectively handed control of the sport to India, England and Australia.

New ethics questions haunt Maine’s $4.2 million casino campaign

New ethics questions haunt Maine’s $4.2 million casino campaign

AUGUSTA, Maine — In an apparent violation of Maine law, a web of domestic and offshore companies linked to a controversial developer … Read More

Anti-Money Laundering


Australian police under fire for seizing funds from victims of money-laundering

Australian police under fire for seizing funds from victims of money-laundering

Victims of international money-laundering schemes are being targeted by Australian police in a bid to seize their funds, in a strategy … Read More

AIB fined €2.3m for breaching money-laundering rules

AIB fined €2.3m for breaching money-laundering rules

AIB has been fined €2.275 million by the Central Bank for failing to report potentially suspicious monetary transactions promptly to … Read More

Money laundering? Police say laundry room bandits face more than 150 charges after break-ins

Money laundering? Police say laundry room bandits face more than 150 charges after break-ins

A woman and a man are facing more than 150 charges in connection to a string of break-ins in apartment buildings across Saskatoon.

Former kickboxing champion sentenced for fraud, money laundering

Former kickboxing champion sentenced for fraud, money laundering

ormer kickboxing champion Dennis Alexio was sentenced Thursday to 15 years in prison.

Thousands of Trinity College donors may have been hacked in €1million money laundering scam

Thousands of Trinity College donors may have been hacked in €1million money laundering scam

The document was sent to the donors after we revealed this week how a major probe — which has led to €250,000 being frozen in UK and US Read More

AIB fined €2.3m for money laundering regulations breach

AIB fined €2.3m for money laundering regulations breach

AIB has been fined €2.27m by the Central Bank for breaches of money laundering and terrorist financing regulations.

Cyber Risk


Facebook says it will act against ‘information operations’ using false accounts

Facebook says it will act against ‘information operations’ using false accounts

Facebook Inc acknowledged on Thursday that it has become a battleground for governments seeking to manipulate public opinion in other … Read More

Cyber risk under insured in spite of high awareness

Cyber risk under insured in spite of high awareness

Findings in the global Ponemon Institute 2016 Cost of Cyber Crime Study that cyber attacks cost Australian businesses an average of … Read More

Hackers exploited Word flaw for months while Microsoft investigated

Hackers exploited Word flaw for months while Microsoft investigated

To understand why it is so difficult to defend computers from even moderately capable hackers, consider the case of the security flaw … Read More

Chinese And Russian Cyber Communities Dig Into Malware From April Shadow Brokers Release

Chinese And Russian Cyber Communities Dig Into Malware From April Shadow Brokers Release

As of April 15, the Chinese cyber community had begun to investigate the most recent release of malware from the Shadow Brokers group. … Read More

Cyber attacks 10 years on—from disruption to disinformation

Cyber attacks 10 years on—from disruption to disinformation

In 2017 and into the future, it will be essential to combine insights from the humanities, particularly from history, with analysis … Read More

Banks Face Challenge Of Integrating Cyber And Operational Risk

Banks Face Challenge Of Integrating Cyber And Operational Risk

Banks are increasingly aware of the threats that can arise from cyber related crimes and are continuing to strengthen their defenses … Read More

Security Risks


The mobile app security risk is growing

The mobile app security risk is growing

For baseball players, it’s an MVP season; for actors, an Oscar; for musicians, best single or album. Every field has its ultimate … Read More

MasterCard tests biometric EMV card

MasterCard tests biometric EMV card

MasterCard has unveiled what it is calling the “next generation biometric card,” combining chip technology with biometrics to verify … Read More

Ransomware up 50% in a year, warns Verizon security report

Ransomware up 50% in a year, warns Verizon security report

Organized criminal groups have increased their use of ransomware to extort money by 50% compared with a year ago, according to Verizon.

Smart Cities, Big Problems? The Risk of Malware in IoT-Enabled Infrastructure

Smart Cities, Big Problems? The Risk of Malware in IoT-Enabled Infrastructure

Cities are notoriously inefficient. As populations rise, everything from mass transit and road maintenance to power generation and … Read More

Medical devices that could put you at security risk

Medical devices that could put you at security risk

Everyone has heard of connected insulin pumps and pace makers, but there are some other connected medical devices that might surprise … Read More

Your smart electricity meter could be a security risk

Your smart electricity meter could be a security risk

If you have a smart meter to monitor your electricity usage, you could be opening yourself up to a security risk.

North America


Partnership to get new emphasis in U.S. fraud, bribery enforcement strategy

Partnership to get new emphasis in U.S. fraud, bribery enforcement strategy

NEW YORK (Thomson Reuters Regulatory Intelligence) – The U.S. Justice Department will put more emphasis in its fight against fraud to … Read More

Remembering the Insider Who Blew the Whistle on Corporate Greed

Remembering the Insider Who Blew the Whistle on Corporate Greed

If you work in a corrupt system, you have two basic options.First, you could rationalize away your role in the corruption. If you ever … Read More

Whistleblowers who go to the media should not be protected

Whistleblowers who go to the media should not be protected

Company directors and corporate lawyers have pushed back against moves to protect whistleblowers who take their complaints public, … Read More

American Airlines workers were targets of alleged $17 million hearing aid scam

American Airlines workers were targets of alleged $17 million hearing aid scam

A federal grand jury indicted a Texas father and son duo this week in an alleged hearing aid scam that targeted American Airlines … Read More

Ex-CPS chief Barbara Byrd-Bennett to be sentenced Friday in bribery case

Ex-CPS chief Barbara Byrd-Bennett to be sentenced Friday in bribery case

Barbara Byrd-Bennett’s fall began in April 2015 when a pair of FBI agents investigating a kickback scheme at Chicago Public Schools … Read More

No Verdict Yet In Eye Doctor’s Medicare Fraud Case

No Verdict Yet In Eye Doctor’s Medicare Fraud Case

A jury has failed to reach a verdict on the first day of deliberations in the Medicare fraud trial of a prominent Florida eye doctor … Read More

Latin America


Corrupt State Auditors Behind Massive Embezzlement in Mexico, Analysts Say

Corrupt State Auditors Behind Massive Embezzlement in Mexico, Analysts Say

Mexico City (CNSNews.com) – Corrupt state auditors and a federal government unwilling to tackle widespread corruption paved the way for Read More

Chief prosecutor announces indictments in Colombia’s biggest corruption scandal ever

Chief prosecutor announces indictments in Colombia’s biggest corruption scandal ever

More than a year after Colombia’s biggest corruption scandal ever broke, the prosecution indicted eight former executives of disgraced … Read More

SC Panama verdict offers no solution to check corruption

SC Panama verdict offers no solution to check corruption

The verdict contains variety of stuff for use in bits and pieces by different parties as it suits their political agenda. The ruling … Read More

Mexican ex-governor, accused of corruption, detained in Guatemala

Mexican ex-governor, accused of corruption, detained in Guatemala

GUATEMALA CITY—Javier Duarte, the fugitive former governor of Mexico’s Veracruz state who is accused of running a corruption ring to … Read More

Brazil corruption probe sends shivers across Latin America

Brazil corruption probe sends shivers across Latin America

Brazil’s Supreme Court has ordered an investigation into 74 new politicians, including a third of current President Michel Temer’s cabinet.

‘Corruption will never happen again’ swears South America, promises clean-up

‘Corruption will never happen again’ swears South America, promises clean-up

The head of South America’s soccer federation swore that the corruption cases that have rocked it in recent years would “never again” … Read More

Asia


Thailand’s Ex-tourism Chief Gets 50 Years for Taking Bribes

Thailand’s Ex-tourism Chief Gets 50 Years for Taking Bribes

Bangkok (AP) — The former head of Thailand’s tourism promotion board was sentenced on Wednesday to 50 years in prison for accepting … Read More

More Chinese firms are saying goodbye to Singapore’s stock market

More Chinese firms are saying goodbye to Singapore’s stock market

Real estate developer China New Town Development, which delisted from SGX in February but remain listed in Hong Kong, said exiting … Read More

Malaysian PM Najib Razak accuses media of ‘fake news’, doubts corruption reports

Malaysian PM Najib Razak accuses media of ‘fake news’, doubts corruption reports

Bangkok: For two years Malaysian Prime Minister Najib Razak has shrugged off revelations by foreign journalists that almost $1 billion … Read More

Philippines: Bello looks into alleged corruption in POEA

Philippines: Bello looks into alleged corruption in POEA

MANILA, Philippines – Department of Labor and Employment (DOLE) Secretary Silvestre Bello III said he is investigating alleged … Read More

Hull City FC bidder arrested in Hong Kong

Hull City FC bidder arrested in Hong Kong

The chairman of the company leading a £130m bid for Hull City football club has been arrested in Hong Kong as part of an … Read More

Korea Inc. Ready to Kill Major Reforms No Matter Who Wins Vote

Korea Inc. Ready to Kill Major Reforms No Matter Who Wins Vote

Much of the mess South Korea finds itself in can be traced to billionaire Jay Y. Lee’s attempt to tighten control over Samsung Group, … Read More

Europe


Airbus chief Tom Enders dragged into Eurofighter fraud probe

Airbus chief Tom Enders dragged into Eurofighter fraud probe

Mr Enders is one of more than a dozen people being scrutinised by Austria’s public prosecutor, which in February launched a criminal … Read More

EU starts to freeze UK out of contracts, oil slide slows and an ‘unholy mess’ over Nigerian oil

EU starts to freeze UK out of contracts, oil slide slows and an ‘unholy mess’ over Nigerian oil

An administrative chill is biting even before Britain leaves the EU. An internal memo reveals Brussels is starting systematically to … Read More

Ukrainian anti-graft agency detains ally of ex-PM Yatsenyuk and senior energy director

Ukrainian anti-graft agency detains ally of ex-PM Yatsenyuk and senior energy director

Mykola Martynenko, a close associate of Ukraine’s former prime minister Arseniy Yatsenyuk and ex-lawmaker of the People’s Front … Read More

Italy sees red-tape, taxes as hurdles

Italy sees red-tape, taxes as hurdles

The main challenges Italian companies face while doing business in India include red tapism and a complex tax structure, according to … Read More

UK Phone Hacking Scandal Fast Facts

UK Phone Hacking Scandal Fast Facts

Here’s a look at the phone hacking scandal in the United Kingdom. Journalists at British newspapers are accused of making payments to … Read More

Airbus CEO lashes out at Austria over fraud probe

Airbus CEO lashes out at Austria over fraud probe

A heated row broke out between Austria and Europe’s largest aerospace company on Thursday as Airbus Chief Executive Tom Enders accused … Read More

Middle East


Israeli police ‘ready to indict’ Prime Minister Benjamin Netanyahu over gifts scandal

Israeli police ‘ready to indict’ Prime Minister Benjamin Netanyahu over gifts scandal

Police in Israel are moving closer towards a recommendation that Prime Minister Benjamin Netanyahu is indicted on criminal charges over Read More

Will New Kosher Standards End Corruption In Israel?

Will New Kosher Standards End Corruption In Israel?

Critics of the state rabbinate contend that restaurateurs who want the kosher seal of approval have only to open their wallets for the … Read More

Habib el-Adly: Seven-year jail sentence for corruption

Habib el-Adly: Seven-year jail sentence for corruption

An Egyptian court has sentenced former interior minister Habib el-Adly, who served under ousted president Hosni Mubarak, to seven years Read More

Egyptian court jails Mubarak-era interior minister for corruption

Egyptian court jails Mubarak-era interior minister for corruption

El-Adly had been charged with embezzling public funds. The verdict can be appealed against before Egypt’s top civil court, the Court … Read More

Congo’s passport scheme sends millions of dollars offshore

Congo’s passport scheme sends millions of dollars offshore

KINSHASA – One day in November 2015, President Joseph Kabila visited his foreign ministry and smiled broadly as a computer took his … Read More

Iran: Next president must lead fight on corruption

Iran: Next president must lead fight on corruption

An Iranian presidential candidate has criticized the existence of corruption in the country, stressing that the next president as the … Read More

Africa


S. African Anti-Zuma Alliance Demands President’s Resignation

S. African Anti-Zuma Alliance Demands President’s Resignation

South Africans gathered Thursday to celebrate the 23rd anniversary of the country’s first post-apartheid elections, but the annual … Read More

Shell and Eni embroiled in ‘unholy mess’ over Nigerian oil

Shell and Eni embroiled in ‘unholy mess’ over Nigerian oil

According to an oil industry journal at the time, the deal was designed to revive stalled exploration and production activity and … Read More

Is Nigeria’s New Whistleblower Policy Paying Off in the Fight Against Corruption?

Is Nigeria’s New Whistleblower Policy Paying Off in the Fight Against Corruption?

In early February, Nigeria’s anti-corruption agency discovered a cache of $9.8 million stashed in the house of Andrew Yakubu, the … Read More

Zimbabwe: Mliswa Attacks Mugabe for Protecting ‘Corrupt’ Chombo

Zimbabwe: Mliswa Attacks Mugabe for Protecting ‘Corrupt’ Chombo

NORTON member of parliament Temba Mliswa has accused President Robert Mugabe of protecting the “corrupt” Home Affairs Minister Ignatius Read More

Devolved corruption: Fight for power takes new forms as Kenyan elections approach

Devolved corruption: Fight for power takes new forms as Kenyan elections approach

A crowd of elated young men danced outside the market in Kenya’s southern Kisumu city, waving the crisp new Sh200 notes that a local … Read More

South Africa: The IPID and the Hawks to Cooperate Closely in Fighting Corruption

South Africa: The IPID and the Hawks to Cooperate Closely in Fighting Corruption

Independent Police Investigative Directorate and the Directorate for Priority Crime Investigation


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.

Read more: Anti-Corruption Digest International Risk & Compliance News http://anticorruptiondigest.com/#ixzz4fgwLyL2f

Four, Including An Anti-Money Laundering Consultant, Arrested For Multi-Million Dollar Securities Fraud And Money Laundering Schemes


FOR IMMEDIATE RELEASE
Friday, April 14, 2017

The Defendants Planned a Pump and Dump Scheme and Sought To Launder $2 Million in Illegal Proceeds Through Offshore Accounts

 Four defendants were arrested today on charges of securities fraud conspiracy and money laundering conspiracy for their involvement in schemes to fraudulently manipulate the stock of BioCube, Inc. (BioCube), a U.S. publicly traded company, and to launder approximately $2 million in illegal proceeds using offshore bank and brokerage accounts.  Since 2010, BioCube has purported to have a series of different business purposes, including, most recently, planning to market and distribute devices for detecting marijuana on a user’s breath.  The charged individuals are: Chris Messalas, a former securities broker previously barred by the Securities and Exchange Commission (SEC); Boris Rubizhevky, the former Chief Executive Officer of BioCube; Michael Garnick, a Philadelphia-based attorney; and Dimitrios Argyros, an anti-money laundering consultant.  Messalas, Rubizhevsky and Garnick were charged with securities fraud conspiracy.  Messalas and Argyros were charged with money laundering conspiracy.

Argyros was arrested at JFK International Airport after arriving on a flight from Cyprus via London, Messalas was arrested at his home in New York and Rubizhevsky was arrested in New Jersey.  Their initial appearances are scheduled for this afternoon before United States Magistrate Judge Cheryl L. Pollak at the federal courthouse in Brooklyn.  Garnick was arrested in Pennsylvania.  His initial appearance is scheduled for this afternoon before Magistrate Judge Thomas J. Rueter at the federal courthouse in Philadelphia, Pennsylvania.

The charges were announced by Bridget M. Rohde, Acting United States Attorney for the Eastern District of New York, William F. Sweeney, Jr., Assistant Director-in-Charge, Federal Bureau of Investigation, New York Field Office (FBI), and Kathy A. Enstrom, Acting Special Agent-in-Charge, United States Internal Revenue Service, Criminal Investigation, New York (IRS-CI).

“As alleged in the criminal complaint, the defendants planned a pump and dump scheme, and money laundering of the proceeds, using offshore accounts and an anti-money laundering consultant to avoid detection by law enforcement,” stated Acting United States Attorney Rohde.  “Together with our law enforcement partners, we will continue our efforts to protect the investing public, safeguard the financial integrity of our banking system and prevent the use of offshore bank and brokerage accounts to subvert U.S. laws and regulations.”  Ms. Rohde thanked the Securities and Exchange Commission for its cooperation and assistance on the investigation.

“When would-be stockholders purchased shares of BioCube, Inc., they knew about the market risks involved in investing,” stated Assistant Director-in-Charge Sweeney. “What they didn’t know was that the odds had already been stacked against them, as alleged, in this ruse concocted by the four individuals charged today. Those who employ schemes to capitalize on other people’s losses will most certainly be brought to justice, and we’re here to remind criminals that this type of dishonorable behavior will never be acceptable.  As such, the FBI and our partners will continue to uphold the promise we made to those who invest their trust in us.”

“At this time of year, when hard working citizens are sitting down to prepare their tax returns, IRS-Criminal Investigation (IRS-CI) remains vigilant in our pursuit of those unscrupulous individuals that defraud the American public as well as the government,” stated Acting Special Agent-in-Charge Enstrom. “IRS-CI is proud to bring our forensic accounting skills to this joint venture and help put a stop to this and other types of white collar crime, as alleged in the criminal complaint.”

According to the complaint unsealed today in Brooklyn federal court, Messalas, Rubizhevsky and Garnick engaged in a scheme to defraud BioCube’s investors and potential investors by concealing Messalas’s beneficial ownership and control of BioCube shares, so that Messalas could exercise control over the price and trading of BioCube’s stock.

As the complaint further alleges, Messalas and Argyros engaged in a related conspiracy to launder approximately $2 million in proceeds of the BioCube “pump and dump” scheme by depositing BioCube shares into offshore accounts in the names of nominees in locations including Cyprus and the Bahamas.  The scheme was designed to launder a portion of the fraudulent proceeds from the stock manipulation scheme from the United States through offshore accounts, and circumvent the IRS’s reporting requirements under the Foreign Account Tax Compliance Act (FATCA).  As alleged in the complaint, Argyros touted his ability to capitalize on his anti-money laundering expertise during conversations with an individual posing as a co-conspirator in the money laundering scheme who, unbeknownst to Argyros, was working with the FBI.

The charges in the complaint are merely allegations, and the defendants are presumed innocent unless and until proven guilty.  If convicted of the charges against them, Messalas faces a maximum sentence of 25 years’ imprisonment, Rubizhevsky and Garnick face maximum sentences of five years’ imprisonment, and Argyros faces a maximum sentence of 20 years’ imprisonment.

The government’s case is being handled by the Office’s Business and Securities Fraud Section.  Assistant United States Attorneys Tyler Smith, Alicyn Cooley and Jack Dennehy are in charge of the prosecution.

The Defendants:

CHRIS MESSALAS

Age:  50

Staten Island, New York

BORIS RUBIZHEVSKY

Age:  66

Closter, New Jersey

MICHAEL GARNICK

Age:  58

Philadelphia, Pennsylvania

DIMITRIOS ARGYROS

Age:  50

Ho-Ho-Kus, New Jersey

E.D.N.Y. Docket No. 17-MJ-321

Topic:
Financial Fraud
Securities, Commodities, & Investment Fraud
StopFraud
Updated April 14, 2017

Romania:The challenges of reporting on Romania’s corruption


Culture vs. corruption in Romania

Culture vs. corruption in Romania

Truth can be stranger than fiction, at least in the murky chronicles of Romania’s fight against corruption. In its online Museum of Corruption, Bucharest-based digital marketing agency Kinecto Isobar invites users to guess whether the cases illustrated are real or…

Read more: Romania | Anti Corruption Digest http://anticorruptiondigest.com/news-topics/romania/#ixzz4eUq3vrB0
By

Robert Williams

Editor in Chief

Today: Anti-Corruption Digest in the News


The new home of the FCPA Newswire edited by Mike Kenealy
Sugarcoating extortion

Sugarcoating extortion

If the rule of law is not adequately enforced, it will be impossible to stanch corruption. In turn, it is not by chance that multinational companies face the most problems with bribery in countries with debased governments.

Featured Articles


Anti-Corruption

TD Bank and Sanctions Violations – Corruption, Crime & Compliance

TD Bank and Sanctions Violations – Corruption, Crime & Compliance

Sanctions enforcement continues to be a significant risk. With the focus on unraveling elaborate corporate ownership schemes, the risk … Read More

Wells Fargo’s Desperate Need for a Compliance and Business Ethics Function (Part III of III) – Corruption, Crime & Compliance

Wells Fargo’s Desperate Need for a Compliance and Business Ethics Function (Part III of III) – Corruption, Crime & Compliance

While reading the independent directors’ report on the Wells Fargo sales incentives scandal, you will be overwhelmed by the feeling of … Read More

Farewell to J. Geils – Final Compliance Function Lessons from Wells Fargo – Compliance Report

Farewell to J. Geils – Final Compliance Function Lessons from Wells Fargo – Compliance Report

You may not recognize the full name, John Warren Geils Jr., but you probably do recognize the name J. Geils, as in the J. Geils Band, … Read More

Sunshine Superman – When Culture is Not My Problem – Compliance Report

Sunshine Superman – When Culture is Not My Problem – Compliance Report

Today we honor folk-rocker Donovan and his signature song Sunshine Superman, which was profiled in the Wall Street Journal (WSJ) column Read More

The Axe Falls on Wells Fargo – A Scathing Independent Report (Part II of III) – Corruption, Crime & Compliance

The Axe Falls on Wells Fargo – A Scathing Independent Report (Part II of III) – Corruption, Crime & Compliance

In a scathing report (available here), the independent directors at Wells Fargo released their findings and actions based on a … Read More

Improving business behaviour in Africa

Improving business behaviour in Africa

Africa will host seven of the top 10 fastest growing economies in the world in the next five years, according to the International … Read More

Governance and Ethics


Wells Fargo’s Desperate Need for a Compliance and Business Ethics Function (Part III of III)

Wells Fargo’s Desperate Need for a Compliance and Business Ethics Function (Part III of III)

While reading the independent directors’ report on the Wells Fargo sales incentives scandal, you will be overwhelmed by the feeling of … Read More

Unresolved governance issue in Peel fuels talk of separation

Unresolved governance issue in Peel fuels talk of separation

The mayors of two of Canada’s largest cities agree regional governance in Peel isn’t working, but remain at odds over a solution.

President Xi’s book on governance to be launched today

President Xi’s book on governance to be launched today

Urdu version of the Chinese President Xi Jinping on ‘The Governance of China’ will be launched here today (Friday) at the Prime … Read More

Ethics complaint against Rebekah Mason dismissed

Ethics complaint against Rebekah Mason dismissed

In a letter to State Auditor Jim Zeigler dated Wednesday, Ethics Commission Director Tom Albritton said the Ethics Commission did not … Read More

Business Ethics Hold the Key to Lasting Success for a Business-Amit Dua

Business Ethics Hold the Key to Lasting Success for a Business-Amit Dua

With competition heating up across markets today, the effort required to succeed in a business has increased multifold. It is only … Read More

16 High-Tech Companies Setting the Standard for Business Ethics

16 High-Tech Companies Setting the Standard for Business Ethics

Increasingly, corporate responsibility in many leading organizations goes way beyond creating codes or green-washing corporate … Read More

Anti-Money Laundering


Money laundering: ED raids 30 CAs, 1 arrested for hiding Chhattisgarh ex-principal secretary’s illegal money

Money laundering: ED raids 30 CAs, 1 arrested for hiding Chhattisgarh ex-principal secretary’s illegal money

The Enforcement Directorate (ED) on Thursday conducted searches at premises of over Delhi-based 30 chartered accountants (CA) in … Read More

Man sentenced to prison for money laundering in Deere scrap scheme

Man sentenced to prison for money laundering in Deere scrap scheme

WATERLOO – A Cedar Falls man has been sentenced to prison in a scheme that underpaid for scrap metal generated by the local John Deere … Read More

Meet The Anti-Money Laundering Fintech Shaping The Industry

Meet The Anti-Money Laundering Fintech Shaping The Industry

The 2017 Benzinga Global Fintech Awards is a competition to showcase the companies with the most impressive technology that are paving … Read More

Russia Caves In on Bitcoin to Open Front on Money Laundering

Russia Caves In on Bitcoin to Open Front on Money Laundering

Only a year ago Russia’s Finance Ministry was threatening jail time to anyone using digital currencies.

Non-bailable Warrant Against Zakir Naik in Connection With Money Laundering Case

Non-bailable Warrant Against Zakir Naik in Connection With Money Laundering Case

Mumbai: A special court to hear cases under the Prevention of Money Laundering Act (PMLA) here issued a non-bailable warrant (NBW) … Read More

Hong Kong Fine Private UK Bank for Money Laundering Violations

Hong Kong Fine Private UK Bank for Money Laundering Violations

The HKMA claims that, between 2012 and 2015, Coutts’ Hong Kong branch failed to set up adequate procedures to identify clients at high … Read More

Cyber Risk


Russia Is Copying China’s Approach to Internet Censorship 

Russia Is Copying China’s Approach to Internet Censorship 

When you hear the words Russia and Internet, you probably think of Kremlin-backed hacking. But the Internet is also a powerful tool for Read More

Why Cyber Risk Governance Spans Whole Enterprise

Why Cyber Risk Governance Spans Whole Enterprise

Mike Shultz is the CEO and founder of Cybernance, a company that regulated industries, public companies, and government agencies rely … Read More

Rise in hospital cyber attack reports

Rise in hospital cyber attack reports

The figures come from NHS Digital, which oversees cyber security, and show an increase on 16 attacks in 2015.

‘Released docs on alleged NSA malware provide instructions for criminals’

‘Released docs on alleged NSA malware provide instructions for criminals’

Alleged NSA cyber-infiltration tools empower criminals and intelligence agencies to develop more in this direction, and could be used … Read More

Personal info at risk as cyber crooks target school districts

Personal info at risk as cyber crooks target school districts

Spencer Mathews went to work on Jan. 19 planning to check for weaknesses in Kountze ISD’s cybersecurity that computer hackers could exploit.

NYU Is Targeted by Russian Hackers

NYU Is Targeted by Russian Hackers

A Russian-speaking hacker calling himself Rasputin threatened to sell NYU student and faculty bank routing numbers, social security … Read More

Security Risks


Airport ground staff pose greatest risk to passenger safety

Airport ground staff pose greatest risk to passenger safety

Airport staff working in restricted areas despite holding convictions for serious crimes pose a major risk to passenger safety, a … Read More

The Android OS is Safer Than You Think, According to its Security Chief

The Android OS is Safer Than You Think, According to its Security Chief

Barely a week goes by without a new headline about a freshly uncovered vulnerability or new malware affecting millions of devices.

Why you should always pull on an ATM card slot before using it

Why you should always pull on an ATM card slot before using it

Using an ATM in South Africa comes with many risks, which include card swapping criminals stealing your bank card and fraudsters … Read More

What have health systems learned from ransomware attacks?

What have health systems learned from ransomware attacks?

Although Hollywood Presbyterian Medical Center became something of a poster child for ransomware’s impact on hospitals when it agreed … Read More

Australian ISP Fights DDoS Attack

Australian ISP Fights DDoS Attack

Australian ISP Melbourne IT has confirmed that it was hit by “a large DDoS attack” that disrupted its web hosting,

Creating the reality of unified risk oversight

Creating the reality of unified risk oversight

If there was one constant that resonated among those attending the Security Executive Council’s (SEC) two-day Next Generation Security … Read More

North America


Money Silences the Voices of the American People

Money Silences the Voices of the American People

Many years ago, the New York State legislature was considering a pro-choice bill, I sent my first letter to my representative, a name … Read More

Top bribery and corruption developments in 2017 for ADG companies

Top bribery and corruption developments in 2017 for ADG companies

In recent years, U.S. and Western European military spending has decreased as military spending in other parts of the world has risen. … Read More

How much incentive does a whisleblower need?

How much incentive does a whisleblower need?

Apparently, the US model encouraged the Nigerian government to come up with its own policy and financial incentives on whistleblowing.

Brad Birkenfeld on the department of justice and alleged UBS Tax fraud

Brad Birkenfeld on the department of justice and alleged UBS Tax fraud

Just how bad is the ongoing fraud in the banking system? Get ready for a mind-bowing expose by a former insider at UBS.Brad … Read More

Are e-commerce and Internet media shares good bets?

Are e-commerce and Internet media shares good bets?

Even as Amazon, Google and Facebook’s meteoric rise mesmerise Silicon Valley and Wall Street, I am awed by the hyper-growth potential … Read More

Defense rests in Dallas leader’s corruption trial

Defense rests in Dallas leader’s corruption trial

DALLAS (AP) – The defense completed presenting its case Thursday in the federal corruption trial of longtime Dallas County Commissioner Read More

Latin America


New Corruption Probe into 6 of Brazil’s World Cup Stadiums

New Corruption Probe into 6 of Brazil’s World Cup Stadiums

An investigation of Brazil’s biggest constructor found new evidence of possible corruption in the building and financing of half of the Read More

Brazil Cabinet members investigated in corruption probe

Brazil Cabinet members investigated in corruption probe

Brazil Supreme Court Judge Edson Fachin has dramatically expanded the scope of a nationwide corruption probe by ordering investigations Read More

Mexican Governor Fighting U.S. Extradition for Cartel Case

Mexican Governor Fighting U.S. Extradition for Cartel Case

According to information provided Italian authorities, Yarrington made a court appearance on Wednesday to announce his wishes against … Read More

Panama Papers investigation wins Pulitzer prize

Panama Papers investigation wins Pulitzer prize

The Panama Papers investigation into the offshore secrets of the rich and famous has been awarded a prestigious Pulitzer prize.

Brazil’s political class is in crisis as over 100 are investigated for corruption

Brazil’s political class is in crisis as over 100 are investigated for corruption

BRASILIA — Brazil’s Supreme Court has authorized an investigation of over 100 top politicians, implicating an entire swath of the … Read More

Michel Temer Government in Brazil Reels as Dozens Face New Graft Investigations

Michel Temer Government in Brazil Reels as Dozens Face New Graft Investigations

RIO DE JANEIRO — A judge on Brazil’s Supreme Court authorized new corruption investigations on Tuesday involving dozens of the … Read More

Asia


South Korea: Corruption & Self-Censorship

South Korea: Corruption & Self-Censorship

1. After the country celebrated its first female leader when Park Geun-hye became President in February 2013, she was removed from … Read More

Siah Hwee Ang: Asia is moving fast, but not necessarily in our direction |

Siah Hwee Ang: Asia is moving fast, but not necessarily in our direction |

I firmly believe that the pace of change is one of the reasons behind many people’s limited understanding of Asian markets and how they Read More

The dark side of Asia’s miracle growth

The dark side of Asia’s miracle growth

Corruption and collusion seem inevitably to go hand in hand with development and nation-building in Asia. They are the dark side of the Read More

North Korea high on agenda as Australian ministers travel to Japan

North Korea high on agenda as Australian ministers travel to Japan

A triumvirate of senior cabinet ministers — including Foreign Minister Julie Bishop, Defence Minister Marise Payne and Trade Minister … Read More

Greater Corruption in China? A Billionaire Says He Has Evidence

Greater Corruption in China? A Billionaire Says He Has Evidence

It happens in Russia — occasionally. An oligarch, made fabulously wealthy through the privatization of state assets, breaks ranks, … Read More

Malaysia: Now, go after all wealthy politicians, says Zuraida

Malaysia: Now, go after all wealthy politicians, says Zuraida

PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) has given itself every reason to investigate politicians who own … Read More

Europe


Mafia expert believes that the U.K is “the most corrupt country in the world”

Mafia expert believes that the U.K is “the most corrupt country in the world”

If you’ve read the book, or seen the TV show, you’ll know that Gomorrah is one of the most accurate, detailed and insightful depictions Read More

Pakistan, Ukraine to join hands in curbing corruption

Pakistan, Ukraine to join hands in curbing corruption

ISLAMABAD: Pakistan and Ukraine have principally agreed to join hands to ensure good governance, transparency, and to curb corrupt … Read More

Pope Francis delivers Easter Sunday Mass sermon in Rome

Pope Francis delivers Easter Sunday Mass sermon in Rome

ROME (CNN) — Pope Francis delivered the traditional Easter Sunday Mass sermon in Rome on Sunday with a call for an end to the “horror … Read More

Decision due for Westfield’s new $2.3bn London project

Decision due for Westfield’s new $2.3bn London project

Global retail landlord Westfield Corporation’s planning application for a new shopping centre in London’s south is expected to be … Read More

Italy’s Eni ‘serene’ over Nigeria kickbacks scandal

Italy’s Eni ‘serene’ over Nigeria kickbacks scandal

Rome – Italian giant Eni said on Thursday it was “serene” in the face of allegations it had bribed Nigerian officials to seal an oil … Read More

Uber, Cameron’s chumocracy and a culture of entitlement

Uber, Cameron’s chumocracy and a culture of entitlement

The EU referendum is still weeks away and David Cameron is master of all he surveys.

Middle East


Egyptian court jails Mubarak-era minister for corruption

Egyptian court jails Mubarak-era minister for corruption

An Egyptian criminal court sentenced former interior minister Habib el-Adly, who served under ousted President Hosni Mubarak, to seven … Read More

Bechtel linked to ‘corrupt’ Abu Dhabi group

Bechtel linked to ‘corrupt’ Abu Dhabi group

The family-owned US construction giant Bechtel has been linked to a middleman named in British courts as involved in corruption in Abu Read More

Egypt court jails former official for corruption

Egypt court jails former official for corruption

An Egyptian criminal court in Cairo sentenced Habib el-Adly, the former interior minister under former president Hosni Mubarak, to … Read More

Sabah Al Binali: On Adia, Arabtec and the value of corporate governance

Sabah Al Binali: On Adia, Arabtec and the value of corporate governance

I read in the news that the Abu Dhabi Investment Authority has sued the Brazilian energy firm Petrobras over alleged corruption issues … Read More

Billionaire vs. billionaire: Israel’s Steinmetz sues Soros

Billionaire vs. billionaire: Israel’s Steinmetz sues Soros

The plaintiff, BSGR, is controlled by diamond and mining magnate Beny Steinmetz, who according to Forbes is Israel’s 18th richest … Read More

Duterte assures businessmen in Qatar of corruption-free deals in PH

Duterte assures businessmen in Qatar of corruption-free deals in PH

QATAR-President Rodrigo Duterte assured businessmen here that he will not tolerate corruption in government and among investors in the … Read More

Africa


Acting Hawks head Matakata says she’ll focus on fraud, corruption cases

Acting Hawks head Matakata says she’ll focus on fraud, corruption cases

PRETORIA – Police Minister Fikile Mbalula on Thursday announced the appointment of Lieutenant-General Yolisa Matakata as the new acting Read More

The Bribery Corruption Case Involving The ABC Motsepe League Is Getting Deeper

The Bribery Corruption Case Involving The ABC Motsepe League Is Getting Deeper

It was reported recently by the Siya crew that the Disciplinary Hearing involving Maccabi had been postponed to April 20th as the … Read More

Mashaba alleges Ntlemeza is blocking Joburg corruption cases

Mashaba alleges Ntlemeza is blocking Joburg corruption cases

Johannesburg – A fight is brewing between Johannesburg’s mayor and the national head of the Hawks over the numerous corruption cases … Read More

Why the Nigerian Government Is Losing Corruption Cases

Why the Nigerian Government Is Losing Corruption Cases

As a result of the loss of corruption cases last week, many civil society organisations (CSOs) appear to agree with the federal … Read More

Zambia: K140 m corruption by ZRA, Chinese firm exposed

Zambia: K140 m corruption by ZRA, Chinese firm exposed

Our dossiers clearly indicate that Chinese companies have become conduits of plunder and paymasters for politicians and senior civil … Read More

Why corruption is not a ‘true crime’ in Kenya

Why corruption is not a ‘true crime’ in Kenya

The term “true crime” is not a legal term because in law a crime is a crime so long as a specific law declares certain act or omission … 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.

Read more: Anti-Corruption Digest International Risk & Compliance News http://anticorruptiondigest.com/#ixzz4eULZnqOB

Romania: Anticoruptia la zi


Laura Codruța KÖVESI
Procuror șef Direcție
COMUNICATE
urmărire penală
COMUNICATE
condamnări definitive

 

 Sursa: Direcția Națională Anticorupție
British News Agency
%d bloggers like this: