The new home of the FCPA Newswire edited by Mike Kenealy
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
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.
What is a Bribe?
Whoever has been in the financial crime sector long enough knows that corruption uses many words but…corruption.
Admiral, seven others charged with corruption in new ‘Fat Leonard’ indictment
The Justice Department unsealed a fresh indictment Tuesday charging eight Navy officials — including an admiral — with corruption and … Read More
Managing Your Ethical Culture: Measure, Intervene and Remediate – Corruption, Crime & Compliance
In the wake of ever-constant business scandals (e.g. ZTE, VW, Takata, Odebrecht), chief compliance officers have to refresh their … Read More
The Dealmaking State
In The Dealmaking State, we consider the consequences if deals became a principal mechanism for the promulgation of government policy, … Read More
Board of Directors Compensation: Past, Present and Future
There has been a massive shift in how outside Board Directors have been paid over the past 20 years. This has largely been fueled by … Read More
Deep Dive Due Diligence: Part II – Why Level III Due Diligence for Senior Execs? – Compliance Report
Today, I continue my exploration of Level III, deep dive due diligence by considering why you need this type of background … Read More
Francois Fillon Faces Growing Pressure As Corruption Scandal Escalates
PARIS (Reuters) – French presidential candidate Francois Fillon was put under formal investigation by magistrates on Tuesday on … Read More
Governance and Ethics
The World’s Most Ethical Companies 2017
From sexual harassment allegations at Fox News to widespread fraud at Wells Fargo, we saw no shortage of corporate scandals in 2016. … Read More
City bankers battle with quandary of ethics versus career
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste … Read More
Public Service Commissioners to consider rollback of ethics rules
Louisiana Public Service Commissioners are heading to Toledo Bend to vote Wednesday on lifting an ethics ban and allowing the utilities Read More
Good corporate governance practices key to curbing mismanagement
Although there have been efforts to sensitize businesses, the rate of adoption has been slow.
SBP issues draft guidelines for IT governance in banks
KARACHI: The State Bank of Pakistan (SBP) has framed draft guidelines for the financial institutions to manage risks associated with … Read More
Thrivent Financial earns sixth-straight ethics award
Thrivent Financial announced today that it has been recognized again by the Ethisphere Institute, a global leader in defining and … Read More
Anti-Money Laundering
Court quashes money laundering case against Janardhana Reddy
In a major relief to former Minister G. Janardhana Reddy, the High Court of Karnataka on Monday set aside proceedings initiated by the … Read More
Denmark should impose stricter money laundering rules after Panama Papers
Danish banks should significantly increase their focus on complying with rules to avoid money laundering and tax evasion, the Danish … Read More
Stricter anti-money-laundering reforms for NZ lawyers
The reforms will require companies to put in place systems which guard against money laundering and to carry out due diligence on … Read More
Money laundering: EFCC tenders list of beneficiaries of Diezani’s funds
A Federal High Court in Lagos has fixed March 23 to rule on the admissibility of a list of beneficiaries of funds in the ongoing trial … Read More
Andorra bank seeks probe after U.S. Treasury forced closure for ‘money laundering’
The former owners of the now defunct Banca Privada d’Andorra S.A. are calling for an investigation into why the U.S. Treasury … Read More
Hong Kong’s money laundering fight is a fig leaf
Hong Kong is under pressure to step up the fight against money laundering.
Cyber Risk
Wiper Malware StoneDrill Latest Discovery of Kaspersky
Kaspersky Lab the security company recently discovered one extremely powerful malicious program that wholly erases a disk’s content. … Read More
End multiple reporting to improve cyber safety
As Indian banks compete to establish differentiated business models based on efficient operations, technology has assumed the pole and … Read More
The Insecurity of IoT Devices Presents New and Unique Cybersecurity Challenges
CHEVY CHASE, Md., March 7, 2017 /PRNewswire/ — Security experts point to the growing cybersecurity threats from the proliferation of … Read More
The internet of botnets and ransomware on your TV
Cyberattacks exploiting the insecurity of the Internet of Things,and hackers attempting to compromise industrial connected devices are … Read More
FTSE 100 companies not doing enough to tackle cyber risk
Cyber crime is on the rise but results from the first ever survey covering the full FTSE 100 suggests that executive boards are not … Read More
Cyber attacks bolder and more aggressive than ever before, says cyber security centre
In its 2016-17 report on cyber threats to UK businesses, the centre said it tackled 188 high-level attacks in the UK in the past three … Read More
Security Risks
Future of Bitcoin Tech Startups
Seeing the future of Bitcoin tech startups in the context of the notification of the Reserve Bank of India, it seems clouds are … Read More
Banks Spend on IT Security is 3x Higher Than Non-Financial Organizations
Financial institutions are under pressure to ramp up security, with trends such as the increased take-up of mobile banking putting … Read More
The long-term risk of surveillance laws
Did you hear the latest gaffe from government? They want to monitor your WhatsApp messages. The fools! Everyone knows you can’t do … Read More
Personal Gadgets Next At Risk From Ransomware
The NCSC and the NCA have warned that smartphones, televisions and fitness trackers are the next likely targets for ransomware crooks
Brit infosec’s greatest threat? Thug malware holding nation’s devices to ransom
The National Crime Agency and newly formed National Cyber Security Centre joint report on cybercrime unsurprisingly names ransomware as Read More
Pre-installed Mobile Malware Targets Android Users
Security researchers recently identified 36 Android phones with mobile malware pre-installed on the devices. The Check Point Mobile … Read More
North America
US Secret Service helps the world’s most corrupt country to identify fake dollars
Somalia has drafted in the help of the U.S. Secret Service to train officials to identify fake dollars as part of its plan, with the … Read More
The Misguided ‘Vault 7’ Whodunit
Typically, the mainstream U.S. media responds to a major leak of U.S. intelligence secrets as a whodunit search for the leaker rather … Read More
Lawsuits accuse Takata of fraud
Miami — Nissan Motor, BMW of North America and Ford Motor have accused Takata of fraud in a lawsuit seeking to force the airbag … Read More
US Navy Veterans Charged With Corruption in ‘Fat Leonard’ Scandal
The U.S. Justice Department unsealed indictments Tuesday against eight more current and former Navy officials in a bribery and kickback Read More
Cut Links to Transnational Crimes
News Americas, WASHINGTON, D.C., Fri. Mar. 10, 2017: A recent headline in The Gleaner Jamaica newspaper (26 Feb. 2017), “6-Month … Read More
CAL seeing US$40,000 in credit card fraud each month
(Trinidad Guardian) Caribbean Airlines Ltd is saddled with a US$270,000 monthly bill for breaking its lease on two 767 jets that are … Read More
Latin America
Polícia Federal prende suspeitos de corrupção na Linha 4 do metrô do Rio
A Polícia Federal (PF) cumpre hoje (14) dois mandados de prisão preventiva por suspeita de corrupção na construção da Linha 4 do metrô … Read More
Los bienes y roles de los indagados por el fraude en Carabineros
“Este es el mayor fraude desde que va la Reforma Procesal Penal”. De esta manera, el fiscal nacional, Jorge Abbott, calificó la … Read More
Venezuela: Gerente denuncia millonario fraude en el canal Teleantioquia
La sorpresiva declaración la dio a conocer la gerente de ese medio de comunicación, Mábel López, quien demandó penalmente a la cajera … Read More
APM Terminals in court again over Guatemala corruption case
A high profile bribery scandal in Guatemala that involved a former president of the Central American nation and damaged Maersk’s whiter Read More
Republica Dominicana; Otro escándalo de corrupción salpica al expresidente Hipólito Mejía
SANTO DOMINGO. Como si se trataran de frágiles cortinas de vidrio, el esquema de contratación de obras a cambio de dádivas o favores, … Read More
Brazil: Comienzan detenciones por corrupción en las obras del metro de Río
Por el momento ya hubo dos detenciones: fueron presos el director de la la Compañía de Transporte Ferroviario del Estado de Río de … Read More
Asia
Govt seeks to lift focus on nominee directors & bring anti-money laundering into the picture in attempt to clean up Financial Service Providers Register
The Government is considering making companies include detail of who their supervisor is under the Anti-Money Laundering and Countering Read More
Duterte’s Flip-Flops And Corruption Haunt Philippines Stocks
Driven by rising commodity prices, emerging equity markets have been in a rally mode lately.
Lessons From Samsung and South Korea in Cracking Down on Corruption
South Korea’s scandal-plagued president, Park Geun-hye has been forced from office. Park was impeached by the country’s constitutional … Read More
Former Hong Kong chief executive Donald Tsang to stand trial over corruption scandal
Former Hong Kong chief executive Donald Tsang Yam-kuen will face a 25-day corruption trial in September.
Millions of Asians Paid Bribes for Public Services
A study released this week shows corruption remains a big issue in East Asia.
Massive Scandal Swamps Indonesia’s Legislature
The Indonesian political sphere has been rocked by what has been called the biggest scandal ever to engulf the House of … Read More
Europe
Romania: 2,000 march in support of anti-corruption fight
Protesters assembled outside government offices Sunday evening and later marched through the capital, waving Romanian flags yelling … Read More
Europe: Binary Options Fraud
Stock options. It’s a pretty common investment term meaning, in general, that one party sells or offers to another party the … Read More
BC-EU–Europe Coverage
Here’s a look at stories The Associated Press plans to cover in Europe on Wednesday, March 15. Questions about coverage plans can be … Read More
France’s political corruption could change
Yet the 2017 presidential election may mark something of a revolt against a semi-aristocratic disdain for the public whose tax euros … Read More
What a New Film Reveals about Turkey and its Brawl with Europe
The new feature film about Turkish President Recep Tayyip Erdogan’s life is more hagiography than biopic. Released in cinemas in early Read More
French presidential candidate Fillon handed charges in fraud probe
French presidential candidate Francois Fillon was given preliminary charges on Tuesday in an investigation of taxpayer-funded jobs his … Read More
Middle East
Iran Plans to Take the Golan Heights
The Iranian-backed Shiite militia Harakat al-Nujaba announced this week the formation of the Golan Liberation Brigade. The goal of this Read More
Former Helwan governor arrested after failing to pay bail
The Supreme Prosecution of Public Funds arrested on Wednesday former Helwan governor Hazem El-Qowedy after he failed to pay a bail of … Read More
13 suspects arrested in Israel Aerospace Industries corruption scandal
Israel Aerospace Industries corruption scandal: Former senior IDF officer among suspects. Charges include fraud, money laundering, … Read More
Evolved Intelligence protects Middle Eastern operator against fraud and privacy violations
The company said it was now working with many operators – including a Tier One European operator group – to secure their networks from … Read More
Probe blames corruption for imports of bad food, medicine in Iraq
“Spoiled medications and food supplies come into Iraq. Large quantities have been confiscated. This [scheme] is backed by influential … Read More
Israel’s leading weapons manufacturer embroiled in corruption
The 13 staff of Israel Aerospace Industries (IAI) included top directors, heads of department and a prominent former military official, Read More
Africa
Goverment harmonises documents to strengthen anti-corruption laws
The Federal Government has harmonised policy documents drafted to remove gaps in the anti-corruption laws with a view to make the … Read More
Ministers are shameless thieves
In another development, the Centre for Democracy and Development (CDD) has rated the President Muhammadu Buhari-led administration low … Read More
Kenya: Role of democracy in corruption – The Standard
Conventional wisdom suggests that democracy is a powerful tool in reducing corruption. Mature democracies, or what we colloquially … Read More
Everyone is a victims of corruption
He insisted that, it consists actions that are often clandestine and practices that those who perpetrate it always try to conceal and … Read More
Africa: South Africa’s ANC ‘Must End Corruption’ to Win Back Voters
The ruling party has published a policy paper calling for an end to internal squabbles, poor governance and corruption. The report … Read More
Why growing corruption is a threat to South Africa’s national security
Corruption comprises of a range of unethical and deviant activities that pervade the private and public sectors of a given country. Of … 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/#ixzz4bSyGCDxQ
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