The new home of the FCPA Newswire edited by Mike Kenealy
DOJ’s Compliance Program Evaluation: the Role of the CCO (Part II of IV) – Corruption, Crime & Compliance
DOJ’s Compliance Evaluation highlights important trends in the role and independence of the Chief Compliance Officer. DOJ has stopped short of requiring direct reporting of a CCO to a CEO or other senior officer but it is inching closer to such a demand.
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.
Samsung reveals executive reshuffle as corruption scandal continues
Samsung has named a new mobile marketing chief and a new head of the China division in an executive reshuffle after the arrest of vice … Read More
How Shell, Eni Got Enmeshed in $1 Billion Scandal
Royal Dutch Shell Plc and Eni SpA have become entangled in a $1.1 billion bribery scandal involving a field in Nigeria that could … Read More
Walmart Ready to Settle Bribery Probe for $300 Million
Walmart Stores (wmt, -0.03%) is preparing to pay about $300 million to settle a probe of bribery by its employees in markets including … Read More
Och-Ziff has $6.9 Billion in Outflows in First Four Months
Och-Ziff Capital Management Group LLC, the hedge fund that settled a bribery case last year, suffered net withdrawals in the first four Read More
Correction to Goldman Sachs Investment Bank Story
Goldman Sachs Group Inc. is making the biggest changes in a decade to the leaders atop its investment-banking division, which advises … Read More
Four Essential Leadership Behaviors – Compliance Report
It is not often one can say with certainty that one event changed history but on this date in 1940 there was such an event. It was when Read More
Governance and Ethics
Integrate, Don’t Just Onboard, a New Employee to More Fully Operationalize Compliance – Compliance Report
One of the key Human Resources (HR) touchpoints in an employment relationship is onboarding. This is the step where employees are … Read More
FIFA ousts heads of ethics committee and governance
The FIFA Council has decided not to nominate Hans Joakim Eckert, head of the adjudicatory arm of the FIFA Ethics Committee, nor Cornel … Read More
Snowden wants ethics put back into system design
Coders and hardware makers have an “ethical” responsibility to create systems that obey users and don’t try to deceive them, according … Read More
Quebec says Bombardier must listen to pension fund concerns on governance
Bombardier Inc (BBDb.TO) faced fresh pension fund opposition to the re-election of its executive chairman and the Quebec government … Read More
Is corporate governance heading in the right direction?
The publication of a green paper in November 2016 generated much discussion about the condition of corporate governance in UK business, Read More
Philippines: Sotto faces ethics complaint for ‘demeaning’ single mothers
MANILA, Philippines – Members of women’s groups on Wednesday, May 10, filed an ethics complaint against the Senate ethics committee … Read More
Anti-Money Laundering
Businessman William Yan sentenced for money laundering
A controversial Chinese businessman who was the target of New Zealand’s biggest single forfeiture of money has been sentenced for money Read More
Panama Hosts Forum on National Strategy to Prevent Money Laundering and Financing of Terrorism
PANAMA CITY, May 9, 2017 /PRNewswire/ — On Wednesday May 10th, Panamanian government officials will convene a Forum in Panama City … Read More
Law Society questions Anti-Money Laundering legislation date
Law Society questions Anti-Money Laundering legislation implementation date
Favourite haunt of celebrities in Rome closed down amid claims of money laundering
An upmarket Rome restaurant popular with British and American celebrities has been shut down by police on suspicion of being used as a Read More
Dutch Cops Bust Another PGP BlackBerry Company for Alleged Money Laundering
Cops are really cracking down on companies selling so-called encrypted BlackBerrys.
DEC arrests two agronomists for money laundering activities
Drug Enforcement Commission (DEC) Public Relations Officer Theresa Katongo has said the commission in Lusaka arrested and jointly … Read More
Cyber Risk
Cyber security a ‘key aspect’ of risk management for medical professional liability insurers: A.M. Best
Medical professional liability insurers who retain cyber risk need to limit their exposure “through strong policy language,” A.M. Best … Read More
Barclays debit cards: new features can help limit fraud and scams
The Barclays Mobile Banking app now allows customers to reduce daily ATM withdrawal limits, normally set at £300.
Cyber-attacks are becoming more ‘made to order’ for chosen victims
During the first quarter of 2017, hacking attacks carried out in real time were on the rise, indicating a further professionalisation … Read More
Will your bank be on your side if it gets hit with a cyberattack?
In a recent column, I discussed cyber risks that could adversely affect bank and brokerage customers and explored the conditions … Read More
Lucideus launches its enterprise cyber risk management platform “SAFE”
Lucideus, an IT Risk Assessment and Digital Security platforms provider today announced the launch of their enterprise cyber risk … Read More
Cyber risk hangs over Western elections
Washington tipped off Emmanuel Macron’s team about “Russian activity” around the French election ahead of the leak of purported … Read More
Security Risks
AI, IoT and the end of Moore’s Law add to US national security worries
Enemies exploiting weaknesses in Internet of Things devices or using artificial intelligence to build better weapons, plus fears that … Read More
Intel AMT security risk could lead to system access
The authentication bypass vulnerability affects systems using Intel Active Management Technology (AMT) and, according to Intel, “could … Read More
DDoS Attacks Are a Growth Industry
DDoS attacks are becoming more common. The frequency of Neustar DDoS attack mitigations increased 40 percent compared to the same … Read More
Ransomware: Now available with slick marketing
The developer of an easy-to-use form of customisable ransomware has massively expanded their activities, expanding their arsenal of … Read More
ATM Operators Aren’t Seeing Skimming
The National ATM Council announced Wednesday (May 10) the results of its 2017 U.S. Retail ATM Skimming Survey and found nine out of 10 … Read More
UQ alerts staff, students to online security risk
The University of Queensland is working to assist students and staff who could be caught up in an online data breach which has affected Read More
North America
Wal-Mart CEO to be questioned in U.S. lawsuit over Mexican bribery
A federal judge on Thursday ordered Wal-Mart Stores Inc Chief Executive Douglas McMillon to submit to questioning in a lawsuit by … Read More
Panasonic Avionics to seek dismissal of CoKinetic lawsuit
Panasonic Avionics plans to seek immediate dismissal of a lawsuit filed by software company CoKinetic Systems, which claims PAC … Read More
Former U.S. Rep. Corrine Brown guilty in corruption trial
A jury found former Congresswoman Corrine Brown guilty on 18 counts of a 24 indictment Thursday, bringing an end to the 30-year … Read More
US cuts Kenya health aid money over corruption allegations
But this amounts to a “small portion of the overall US health investment exceeding $650m annually,” it added
US freezes Sh2bn health aid, cites corruption at Afya House
Corruption in the Ministry of Health has returned to haunt Jubilee after the US government suspended Sh2.1 bil- lion assistance.
Jesse Jackson Jr. surfaces in Chinese billionaire’s criminal case
WASHINGTON — Former Rep. Jesse Jackson Jr. — who already has served his prison sentence for looting his campaign funds — has surfaced … Read More
Latin America
Puerto Rico Files for Bankruptcy the Day After Trump Admin Brags About Blocking Funds
After a day of sometimes violent demonstrations in San Juan protesting austerity measures and government handling of the debt crisis, … Read More
Brazil’s ex-President Lula questioned over corruption
He was closely questioned for five hours by Judge Sergio Moro.
Mexico: Decision delayed in multimillion-dollar Calgary fraud and theft case
It’s been 10 years since a now-disgraced Calgary lawyer and a mortgage broker started working together selling homes, offering … Read More
FIFA confirms Guatemala and Kuwait suspensions
MANAMA: FIFA on Thursday confirmed the suspension of both the Guatemala and Kuwait football federations at its annual Congress in Bahrain.
Colombia: ‘Cocaine Cowboy’ Mickey Munday indicted in million dollar car fraud scheme
One of the last remaining “Cocaine Cowboys,” who was more recently known for his art, is in trouble with the feds again.
Pope tells Latin American bishops corruption is grave threat
Corruption poses a grave threat to the people of Latin America, Pope Francis has warned.
Asia
Is Corruption Asia’s Biggest Socioeconomic Challenge?
An estimated 900 million people—or more than one in four—in the Asia-Pacific region have paid a bribe in the past year to access basic … Read More
Lavish lifestyle of govt staff at border raises MACC alarm
PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) have been alerted to the apparent lavish lifestyles of a number of civil Read More
China says three of most wanted graft suspects let off
Three people on China’s list of 100 most wanted graft suspects overseas were not prosecuted when they finally returned to China, the … Read More
Former top Hong Kong official, tycoon appeal conviction
Hong Kong: A former senior Hong Kong official and a billionaire property tycoon arrived in court on Tuesday to appeal against a … Read More
Singapore Adopts ISO Standard on Anti-Bribery Management Systems
Singapore launched the Singapore Standard (SS) ISO 37001 on Anti-bribery management systems on 12 April 2017, following a public … Read More
Samsung reveals executive reshuffle as corruption scandal continues
Samsung has named a new mobile marketing chief and a new head of the China division in an executive reshuffle after the arrest of vice … Read More
Europe
Malta’s prime minister under pressure from MEPs over corruption claims
Malta’s embattled prime minister, Joseph Muscat, is facing a growing rebellion in Brussels, where MEPs are openly calling for his … Read More
SocGen Profit Drops After $1 Billion Libya Legal Settlement
Societe Generale SA agreed to pay 963 million euros ($1.05 billion) to settle a legal dispute with the Libyan Investment Authority over Read More
Data leak reveals details of 70,000 offshore firms in Malta, German state minister claims
A data leak has revealed information about 70,000 offshore companies in Malta, a German state minister claimed this morning.
VTB Bank (Ukraine) claims illegal seizure attempt for branch in Odesa
Public joint-stock company VTB Bank (Kyiv) has claimed an attempt to illegally deprive the bank of non-residential premises in Odesa by Read More
Corruption allegations trouble tiny Malta
EVERY six months, one of the European Union’s member countries gets to take its turn as president of its council of ministers, chairing Read More
Police Bribed the Media to Cover Up European Immigrant Crime Statistics
A European police force tried to bribe a major newspaper to stop it reporting the scale of crimes committed by asylum seekers.
Middle East
Palestine Puts FIFA in a Bind
The perennial dispute between Israel and Palestine has put world soccer body FIFA in a bind. With FIFA groping on how to deal with … Read More
Congress seeks probe against Kejriwal over ‘bribe’ charge
New Delhi, May 7 (IANS) The Congress on Sunday demanded a probe against Delhi Chief Minister Arvind Kejriwal after sacked minister … Read More
Iran’s warning to Saudi Arabia
Earlier this week, Iran issued strong warnings to Saudi Arabia to avoid any adventurism or face severe repercussions.
Less than half of UAE executives have confidence in fraud prevention regulations
The report, Human instinct or machine logic–which do you trust most in the fight against fraud and corruption? surveyed 4,100 employees Read More
Somalia asks world to help stabilise ravaged nation, Government & Economy
Somalia’s president Thursday urged world powers to help him fight the “raging enemies” of terror, corruption and poverty, at an … Read More
Netanyahu and the Media
Binyamin Netanyahu’s relation with, control of and attitude to the media is a central component of his career and ongoing success. … Read More
Africa
U.S. suspends aid to Kenyan health ministry over corruption concerns
The U.S. government has suspended $21 million in direct aid to Kenya’s Ministry of Health amid concern over corruption, the embassy … Read More
‘EFCC best anti-corruption agency in Africa’
While presenting the Certificate of Honour to Magu, he said, “We appreciate you and your staff for your doggedness and commitment in … Read More
Zimbabwe: Sweden Gets Tough On Donors Funds, Demands Accountabilty and Results
THE Swedish government says it is putting strong monitoring mechanisms to guard “our investment” from being “diverted”.
Global Fund auditors probe Afya House alleged corruption
Investigators from the Global Fund have camped in Nairobi to probe whether any of their grants to Kenya may have been embezzled.
Nigeria’s major problem not corruption, says cleric
Addressing newsmen in his church office ahead of this year’s 5-day annual convention/foundation laying ceremony billed for May 10-14 at Read More
Citizens must unite to save corruption-crippled SA
Democratic institutions in South Africa are in disarray. Serious breaches of accountability have made it hard for the constitutional … 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.
Read more: Anti-Corruption Digest International Risk & Compliance News http://anticorruptiondigest.com/#ixzz4gqRJdpR1
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