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
The Growing Threat of Alternative Remittance Systems
Excellent FREE sneak peek webinar brought to us by our friends at the Law Enforcement Speakers Consortium. If you are in the AML space, this is a must watch!
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
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
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
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
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?
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
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
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
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
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
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
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
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
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 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
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
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
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 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 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
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
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
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
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 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
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 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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’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
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
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
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
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
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
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
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
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
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
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
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
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
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
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?
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
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
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
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
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
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
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?
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
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
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
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
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