Featured Articles
Oil tycoon’s $51M One57 penthouse named in money laundering investigation
Nigerian mogul Kola Aluko, who owns a 79th floor penthouse at Extell’s One57, is just a little bit behind on his taxes: the New York Post reports that the billionaire is $25,000 past due on the property tax bill for his 6,240-square-foot digs overlooking Central Park.
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.
Anti-Corruption
Anti-bribery compliance in a changing world
Corruption, however you define it, has been with us from the beginning of human society. And for just as long, it has been the object … Read More
2nd Annual Third-Party Risk Management & Oversight Summit – I hope you can make it – Compliance Report
Ned Garver died earlier this week. Not a familiar name to you? It may be due to the fact he is the only pitcher in the modern era to … Read More
DOJ Compliance Expectations Concerning Training, Internal Investigations and Audits (Part IV of IV) – Corruption, Crime & Compliance
DOJ’s Compliance Evaluation questions provide important indications of “new” trends and approaches to compliance functions and issues.
Former navy supply officer jailed and fined for corruption
IPOH: A former naval base supply depot commanding officer with the rank of captain was jailed for 16 months and fined RM80,000 after he Read More
Odebrecht Offices Raided in Chile as Corruption Scandal Widens
Police in Chile raided the office of Brazilian construction company Odebrecht in Santiago on Wednesday, as the widening corruption … Read More
François Fillon’s home searched by corruption investigators as Alain Juppé indicates he could replace the scandal-hit presidential candidate
Alain Juppé, a former French prime minister, was poised to replace François Fillon as corruption investigators searched the home of … Read More
Governance and Ethics
Palm Beach County ethics panel hears first full complaint hearing
A former analyst for Palm Beach County’s Department of Environmental Resources Management on Thursday faced the county Commission on … Read More
Trump transition team canceled ethics training session
President Donald Trump’s transition team, days before he took office, nixed plans for an orientation class that would have prepared … Read More
Beijing pushes ‘China solution’ for global cyber governance
Beijing said Thursday it will push a “China solution” to global cyber governance after releasing its first strategy paper outlining a … Read More
Good Governance Relies on Better Use of Resources, Improved Accountability
SACRAMENTO, Calif. — The expectations around IT have evolved to a point where good governance is no longer a luxury; it is now a … Read More
The Relevance Of Corporate Governance To Organisations
This series of discussions however, drive me to a topic that is seldom discussed but a very glaring issue in today’s corporate world … Read More
UK aid company bosses quit in crackdown on profiteering
The founders of Adam Smith International (ASI), one of the biggest UK foreign aid contractors, have stepped down after the government … Read More
Anti-Money Laundering
Valley natives sentenced to federal prison in drug, money laundering conspiracy
Three Rio Grande Valley natives were sentenced Wednesday to federal after pleading guilty to charges of conspiracy to posses with the … Read More
California Plane Broker Guilty in Money Laundering Scheme
SAN DIEGO (AP) — A Southern California airplane broker has pleaded guilty in a scheme to launder drug money and buy airplanes for use … Read More
Money laundering: ED zeroes in on 3 officers
The Enforcement Directorate (ED) has filed a complaint against 12 persons — three officers of the Public Works Department (PWD) and … Read More
Aberdeen men charged in connection with £400,000 online fraud and money laundering
Two men from Aberdeen have been charged in connection with £400,000 of online fraud and money laundering.
Former TH Heavy Engineering CEO charged with money laundering
SHAH ALAM: Former TH Heavy Engineering Bhd chief executive officer Datuk Nor Badli Munawir Mohamad Alias Lafti was charged in the … Read More
Ramaphosa takes on Manyi – ANC doesn’t use money laundering
Deputy President Cyril Ramaphosa has distanced the ANC from remarks made by Progressive Professionals Forum president Mzwanele “Jimmy” … Read More
Cyber Risk
Spooked by Cyber Extortion Spike, Businesses Stockpile Bitcoin
S. corporations that have long resisted bending to the demands of computer hackers who take their networks hostage are increasingly … Read More
Phish and ships: Understanding cyber risk at sea
The reliance on smart and interconnected systems at sea is continuing to grow as shipping companies and offshore energy providers … Read More
Cyber Security and Social Engineering: A Big Low Tech Problem
Headline-grabbing cyber hacks of email accounts belonging to celebrities, corporations, government officials and political campaigns … Read More
Untangling the Mystery of Cybersecurity Insurance
IT security professionals used to warn that only two types of businesses exist: those that have been hacked, and those that will. Now, … Read More
Missing the human touch with cyber risk
Willis Towers Watson urges businesses to focus more on employees and company culture in efforts to manage cyber risk. The company … Read More
Level of Cyber Risk Management for Many Firms Is ‘Unsustainable’
Despite increased awareness of rapidly evolving cyber threats, relatively few corporations have integrated cyber security into their … Read More
Security Risks
Bitcoin hits record $1200 high: Here’s the outlook ahead
After being the top performing ‘currency’ in 2016, Bitcoin has rallied to all-time highs and is trading at around levels of USD 1220 on Read More
What you should and shouldn’t worry about in Android security
BARCELONA — The smartphone industry has given birth to a vibrant growth sector distinguished by its creativity, drive and … Read More
This old ransomware variant is back
A ransomware variant which has been relatively inactive for almost two years is back, and this time it’s stealing user credentials from Read More
Treating Ransomware in the Healthcare Sector
Ransomware is a serious problem across all industries, but increasingly the healthcare sector has become a primary focus for … Read More
Robots at Risk: Experts Warn of Serious Security Issues
Security experts are warning of numerous security vulnerabilities in modern robotics systems which could render them susceptible to … Read More
RBI says virtual currencies pose financial, legal, customer protection and security risk
Expressing concern over the growing acceptance of virtual currencies, RBI Deputy Governor R. Gandhi on Wednesday said these pose … Read More
North America
U.S. charges 19 in international fraud, money laundering scheme
U.S. authorities on Wednesday charged 19 people with taking part in a complex international fraud and money laundering ring that … Read More
Canada’s ‘tax scam’ declines after raid on Mumbai call centre
One of the biggest scams affecting Canadians in recent years has registered a sharp decline following a police raid on a call centre in Read More
American Judge Orders Odebrecht To Pay $325 Million In Corruption Fines
American judge John D. Bates of Washington, D.C. has ordered a payment of $325 million in fines from the petrochemical branch of … Read More
Vice Chairman of Samsung Indicted on Corruption Charges
Lee Jae-yong, the vice chairman of Samsung, was indicted on charges of bribery and embezzlement on Tuesday. Lee is the most powerful … Read More
Anti-Bribery Enforcement Actions Increase Across The Globe
A new report by TRACE International finds that enforcement actions against bribing government officials are rising globally. In its … Read More
Trump and Netanyahu
The bold statement flashed across tens of millions of television screens as part of an advertisement in the midst of the “Oscars” show.
Latin America
Peru: Congreso aprueba imprescriptibilidad de delitos de corrupción
El Congreso de la República aprobó hoy por unanimidad dictamen conjunto de las comisiones de Justicia y Constitución que plantea una … Read More
Multilateral Cooperation Positive Sign for Odebrecht Investigations
Prosecutors from 11 countries have met to coordinate their response to the Odebrecht corruption case, in an unusually strong showing of Read More
Venezuela ‘Kingpin’ Skimmed Millions from State Food Program
Reports have emerged that a Venezuelan businessman and alleged drug kingpin with ties to the sitting vice president imported … Read More
US Congress Members Support CentAm Anti-Corruption Efforts
Members of the US Congress have introduced a resolution supporting the anti-corruption efforts of several Central American governments, Read More
Brazil police expand corruption probe to railway contracts
Brazilian police said they launched a probe into bribes and overbilling in two large railway contracts, serving search and seizure … Read More
United States: US judge dismisses case against Wal-Mart over Mexico bribery
Wal-Mart Stores Inc on Monday won the dismissal of a U.S. lawsuit accusing the world’s largest retailer of defrauding shareholders in … Read More
Asia
Opposing corruption in South Korea, a Catholic tradition
Last December an impeachment motion suspended South Korean President Park Geun-hye’s powers and left it up to the country’s … Read More
Johor to assist MACC in property corruption case
JOHOR BARU, March 2 — The Johor state government will give its full cooperation to the Malaysian Anti-Corruption Commission (MACC) on … Read More
China: Xi Jinping appoints new man to tackle PLA corruption
The top graft-buster within the world’s biggest army, with close ties to two disgraced former vice-chairmen of the Central Military … Read More
Economist Counters Recent Allegations Of Malaysia Losing Out To Its Neighbours Because Of Corruption
A recent article published by Bloomberg had alleged that Malaysia was fast losing its advantage that the country “enjoyed over its … Read More
Bigotry and Fraud Scandal at Kindergarten Linked to Japan’s First Lady
TOKYO — At Tsukamoto Kindergarten, an ultraconservative school at the center of a swirling Japanese political scandal, children receive Read More
Digital transformation will expose Asia to higher fraud risk
Asia’s exposure to fraud will climb as more processes move to the digital realm and organisations embark on their digital transformation.
Europe
A corruption probe raises uncertainty over the future of Eni’s boss
WHEN Eni, Italy’s oil major, this week revealed a return to profit in the fourth quarter and a long-term commitment to keep the barrels Read More
European Parliament lifts Marine Le Pen’s immunity for tweeting gruesome images of violence
PARIS — The European Parliament has voted to lift Marine Le Pen’s immunity from prosecution for tweeting violent images, a crime that … Read More
Fugitive Ukrainian judge Chaus detained in Moldova
Judge of Dniprovsky District Court in Kyiv Mykola Chaus, who is charged with taking a $150,000 bribe, which he kept in glass jars … Read More
Anti-corruption Efforts Are the Starting Point for Further Reforms
The fight against corruption is one of the key reforms in Ukraine during the past three years since the Revolution of Dignity. However, Read More
Non-Irish-based motor insurers told to disclose status
Insurers authorised in other EU states who are selling motor policies here have been told by the Central Bank that they must make it … Read More
Trust in Fifa has improved only slightly under Gianni Infantino
The Fifa president, Gianni Infantino, has made only a marginal improvement to football supporters’ confidence in the game’s world … Read More
Middle East
Lifting of Sanctions is Not Lifting Poverty in Iran
The 2015 nuclear deal promised much to the people of Iran. With the lifting or waiving of sanctions, it was hoped that an economic … Read More
Israel’s chronic impunity disorder
In preparing to write this column, I looked up the Hebrew word that best describes the cultural-moral connotation of the English word … Read More
Foreign affairs ministry accused of sabotaging Saudi fraud investigation
The foreign ministry has been accused of obstructing a criminal inquiry into corrupt payments by a Dutch building firm to the Saudi … Read More
Newcastle charity falls victim of fraudsters diverting phone calls to Syria
Pensioners are set to miss out on vital services after lowlife fraudsters hacked into a charity’s phonelines, racking up a £5,000 bill … Read More
SNC-Lavalin projects higher profits amid fraud and corruption case
MONTREAL—SNC-Lavalin is projecting higher profits from most of its operations this year despite a soft end to 2016.
Jordanian immigrant in Michigan elated over release from ICE detention
A Jordanian immigrant who resided legally in the United States for 18 years rejoiced on Wednesday at being able to return home after a … Read More
Africa
Sassa debacle smells of corruption
Johannesburg – Cosatu has called on President Jacob Zuma to intervene in the ongoing South African Social Security Agency (Sassa) … Read More
More than 80% of African operators have experienced SIM Box fraud in the last year, says survey
According to a new survey conducted by anti-fraud provider Revector, SIM Box fraud and OTT hijack remain two of the major threats to … Read More
South Africa: Attorney Found Guilty of Fraud, Money Laundering
Henry Coetzee, a 61-year-old practising attorney, has pleaded guilty on 33 charges including fraud, theft and money laundering and his … Read More
Zimbabwe: Fire Corrupt City Council Bosses
LOCAL Government Minister, Saviour Kasukuwere, last week fired Gweru mayor, Hamutendi Kombayi, for gross misconduct and abuse of public Read More
Kenya: Gachagua’s Successor Declares War On Corruption On Installation As Governor
Nyeri — Ambassador Samuel Wamathai on Monday became the second Governor of Nyeri county following the demise of his predecessor Nderitu Read More
Presidential panel accuses NDDC, Customs of corruption
The Chairman of the Presidential Advisory Committee Against Corruption (PACAC) Itse Sagay, on Thursday in Abuja accused the Niger Delta 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.
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