The new home of the FCPA Newswire edited by Mike Kenealy
Switzerland: Printing Firm to Pay US$ 34.8 Million Corruption Fine
The Swiss branch of German printing press manufacturer Koenig & Bauer has agreed to pay a fine of 35 million Swiss francs (US$ 34.74 million) to end a corruption probe, Swiss authorities said.
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.
Has the FCPA changed the US business culture? – Compliance Report
In the early 70’s the Lockheed corruption scandals came into light. Millions of dollars had been paid by the US aircraft corporation to Read More
Johnson & Johnson settles drug manufacturing probe by U.S. states for $33 million
Johnson & Johnson has agreed to pay $33 million to resolve charges by most U.S. states that it misrepresented the manufacturing … Read More
Businessman jailed for role in $1 billion bank fraud
Known locally as the “theft of the century”, the scheme saw the equivalent of an eighth of Moldova’s gross domestic product disappear … Read More
The Government Uses Multiple Tools to Fight Corruption – Compliance Report
There are multiple ways to deal with an issue which can provide known and unforeseen benefits. Today we celebrate one of those as it … Read More
CCOs and Resources: Put Your Money Where Your Mouth Is! – Corruption, Crime & Compliance
The compliance profession is enjoying its moment of triumph. Chief compliance officers are earning substantial salaries and rewarded … Read More
CISLAC Laments Alleged Poor Handling of High Profile Corruption Cases
Some notable cases cited by the non-governmental organisation included the “acquittal of former Minister of Niger Delta Affairs, … Read More
Governance and Ethics
Ethical lapses are increasingly costing CEOs their jobs
Companies have become much more likely to dismiss their chief executives over the last several years because of a scandal or improper … Read More
Corporate governance minefield awaits China A-share buyers
A corporate governance minefield awaits fund managers who will be obliged to pour billions of US dollars into Chinese equities after … Read More
Asset managers believe the only way is ethics
The group, which is marking the 10-year anniversary of signing up to the Principles for Responsible Investment, asked its investment … Read More
Wall Street Journal sacks top reporter over ethics violations
WASHINGTON, United States — The Wall Street Journal on Wednesday fired a top correspondent over ethics violations after a news agency … Read More
State ethics panel is a work in progress
SANTA FE – New Mexico lawmakers approved the creation of an independent ethics commission during this year’s legislative session, but … Read More
Ethics complaint accuses Ron Richard ally of unregistered lobbying
A complaint filed this week with the Missouri Ethics Commission alleges an adviser to a prominent Republican donor at the center of … Read More
Anti-Money Laundering
Denmark to Introduce Tougher Penalties to Combat Money Laundering
The leak of millions of documents from the Panamanian law firm Mossack Fonseca last year showed that some 500 banks throughout the … Read More
Feds charge five in Gwinnett in Mexico drug money-laundering scheme
Five people from Gwinnett were charged in a three-year federal investigation that centered on laundering drug money to Mexico through … Read More
Interpol arrests two Limpopo brothers for fraud, money laundering
Polokwane – The Interpol task team has arrested professional hunting brothers, Dawie Groenewald, and Janneman, in Polokwane, Limpopo.
Working Together to Fight Money Laundering & Terrorist Financing
Dear President Vega-Serrano, thank you for your kind invitation and all of you for your warm welcome. It is wonderful to be in … Read More
New money laundering regulations for high-level officials
Taipei, June 22 (CNA) An amendment to the Money Laundering Control Act will go into effect June 28, providing more stringent rules for … Read More
On Bitcoin, India’s Government And Tech Companies Find Common Ground
The Bitcoin craze is catching on in India. While tech geeks and young investors eye the digital cryptocurrency as its value soars, the … Read More
Cyber Risk
Education Goes Along With Policy on Cyber Risk
Startups start up with, to quote an old salesman, a bit of shoeshine and a smile. And killer apps, perhaps. But risk lurks in all … Read More
WannaCry attack shows trend toward ‘economic’ cyber threats, rising regulatory risk
NEW YORK (Thomson Reuters Regulatory Intelligence) – The cyber attack last month known as the WannaCry ransomware incident did little … Read More
The 10-step plan to fight cyber risk
Rigorous IT security assessments should be performed by specialists. They can give you a head start towards understanding your … Read More
You’re Sharing Your Cell Phone Number Too Frequently
No matter what Americans do to protect their digital privacy, especially on our handheld devices, it’s impossible to keep up with new … Read More
Better data key to cyber risk underwriting, say practitioners
Modelling cyber risk will always be difficult due to a lack of loss data, but risk managers can help themselves by drawing on business … Read More
Reuters Adds Future of Money, Cyber Risk Sections
As Cryptocurrencies and blockchain technology continue to experience increased consumer and investor interest, mainstream media outlets Read More
Security Risks
Mimecast’s email security risk assessment
Many organizations think their current email security systems are up to the task of protecting them against today’s threats.
China’s new travel pass poses security risk: lawmakers
A new “Mainland Travel Permit for Taiwan Residents” to be issued by Chinese authorities reportedly contains “smart” card features that … Read More
Virgin Media urges password change over hacking risk
An investigation by Which? found that hackers could access the provider’s Super Hub 2 router, allowing access to users’ smart appliances.
Smart-home gadgets could allow hackers to access your home network in just four days
The investigation was undertaken by consumer group Which? to test whether popular smart gadgets and appliances in homes could stand up … Read More
Malware attempts to frame Russians, plus plenty of patches
The Register reports that both Java and Python contain vulnerabilities that allow attackers to use FTP to fool firewalls into allowing … Read More
Americans growing anxious over online security
The Blue Bell, Pennsylvania-based company found that 56 percent of Americans are “seriously concerned” over hacking and identity theft, Read More
North America
Wall Street Journal fires correspondent over involvement with arms dealer
WASHINGTON – The Wall Street Journal on Wednesday fired its highly regarded chief foreign affairs correspondent after evidence emerged … Read More
How the FBI Took Down a Dozen Crooked Cops, Jail Guards in Drug Smuggling Conspiracy
Something was rotten in the state of North Carolina. There were rumors of corruption in the Northampton County Sheriff’s Office and … Read More
2 More Plead Guilty in Allentown Corruption Probe
Two more defendants have pleaded guilty in the FBI’s ongoing probe of corruption in Allentown city government.
New El Paso FBI director set to fight corruption, trafficking
The most pressing task ahead for new FBI El Paso Division Director Emmerson Buie Jr. will be to maintain the agency’s success in … Read More
Ex-Energy Department Official Pleads Guilty to Bribe Taking
PORTLAND, Ore. (AP) — The state Justice Department says a former Oregon Department of Energy official has pleaded guilty to accepting … Read More
‘Worth killing over’: How a plane mogul dodged US scrutiny
When a Kansas strip-mall bank with possible mob ties folded in the mid-1980s, federal authorities investigated whether a shareholder, … Read More
Latin America
Mexico on course to replace Syria as world’s most violent country
In total, Mexico recorded 9,916 murders in the first five months of 2017, roughly a 30 percent increase over the same period last year. Read More
Brazil blocks JBS deal, seeks asset freeze amid corruption probe
A Brazilian judge has blocked JBS SA’s (JBSS3.SA) planned sale of a South American unit while the attorney general’s office urged the … Read More
Brazil′s Michel Temeraccused by police of ′passive corruption′
Federal police said they discovered solid evidence that Brazilian President Michel Temer received bribes to help businesses, according … Read More
What’s the Matter with Venezuela?: It’s Not Socialism, It’s Corruption
While Venezuela has slid into an economic and political cataclysm under authoritarian President Nicolas Maduro, the political … Read More
Colombia: The FARC Impact on Business
Although lauded internationally as a harbinger for international conflict resolution earning President Juan Manuel Santos the 2016 … Read More
Trujillo pleads guilty to wire fraud and agrees not to contest any sentence over 4yrs 9mths
Former Guatemalan FA general secretary Hector Trujillo, arrested in the US while on a Disney cruise ship with his family in Florida, … Read More
Asia
Contractor in Hong Kong bridge scandal faked tests at 55 other sites, including children’s hospital
Hong Kong’s Civil Engineering and Development Department (CEDD) has revealed that the contractor involved in the Hong Kong-Zhuhai-Macau Read More
Japan PM Abe’s support slumps amid doubts about school scandal
Support for Japanese Prime Minister Shinzo Abe slumped more than 10 points to 44.9 percent in a public opinion poll published on … Read More
Chief Executive-elect Carrie Lam’s reveals ‘new’ Beijing-approved cabinet
Hong Kong’s first female leader, Chief Executive-elect Carrie Lam, today announced her “new” Beijing-approved cabinet for her upcoming … Read More
S&P unconcerned by Malaysia election and corruption uncertainty
Political uncertainty surrounding upcoming elections and the 1MDB scandal were not enough to shake S&P’s confidence in Malaysia, … Read More
Indonesia: A Brief History On Threats To The Corruption Eradication Commission
The Corruption Eradication Commission (KPK) remains one of the most supported and trusted public institutions in Indonesia, but not … Read More
Vietnam faces challenges to realize lofty economic growth target
HANOI, June 22 (Xinhua) — The Vietnamese government has insisted on not lowering the 6.7 percent economic growth target set earlier … Read More
Europe
The Maverick Media Mogul Taking On Ukraine’s Corrupt System
For someone tasked with breathing life into Ukrainian public broadcasting, Zurab Alasania has a peculiar view of service-oriented … Read More
Vatican mulls excommunicating mobsters and the corrupt
Some 50 dignitaries, including several ambassadors to the Holy See, magistrates and police representatives attended the “International … Read More
Wales loses under Tory ‘power bribe’ for DUP, warns Jones
It follows reports the Democratic Unionist Party wants £2bn extra funding from a Tory-DUP deal at Westminster.
DUP deal risks damaging the UK’s reputation on fighting corruption
The government needs to get its business through parliament – that’s what governments do. So it’s no surprise that the prime minister … Read More
How Barclays’ U.K. Fraud Case May Rekindle ‘Too Big to Jail’
This is what’s known in financial markets jargon as headline risk: the chance that an event, such as the criminal charges against … Read More
Macron retools Cabinet after corruption scandals
French President Emmanuel Macron has brought in little-known figures to his government in a reshuffle after corruption scandals started Read More
Middle East
54 arrested in Dh2.3 billion car scam in UAE
More than 50 people who were arrested in connection with a car scam worth Dh2.3 billion, and which affected more than 3,700 people, … Read More
Rakeen Georgia ex-CEO faces trial in Georgia
The Ras Al Khaimah (RAK) Criminal Court last May sentenced Gela Mikadze, along with Khater Massaad, the former CEO of RAK Investment … Read More
Kushner’s Impossible Task in the Middle East Is the Easy Part
It is not that Kushner’s chances for success are greater than those of a long list of special envoys, but rather that of all the … Read More
Iraq Medic life as refugee in new film “Nowhere to Hide”
Fifteen years after the US-led invasion of Iraq the country continues to dominate the headlines with stories of sectarian violence, … Read More
A decade of Hamas rule in Gaza
JERUSALEM — Long before ISIS first grabbed international attention in 2014 through its brutal conquests in Iraq and Syria, another … Read More
Barclays bank, former bosses charged over Qatar funding
Britain’s Serious Fraud Office (SFO) has charged Barclays bank and four former managers, including a chief executive, with “conspiracy … Read More
Africa
Madonsela: South Africa’s ‘problem’ with corruption
Thuli Madonsela was at the helm of the South African anti-corruption watchdog until late 2016. It exposed a web of worrying connections Read More
Angolan Vice President should face Portuguese corruption charges
He is also alleged to have given a former prosecutor, one Orlando Figueira, a bribe of $810,000 as part of the corrupt deal. Figueira … Read More
Unions demand action for Prasa corruption
The National Transport Movement (NTM) on Monday threatened to use its numbers to compel law-enforcement agencies to probe alleged … Read More
Ghanaians take aim at corruption
Ghana’s government is facing growing calls to keep its promises after it won elections on a pledge to stamp out corruption.
Zimbabwe: Cash Crisis Drives Grassroots Corruption
Government invented a cash crisis last year by introducing bond notes. And, because of that weird creativity, Zimbabwe is now saddled … Read More
Kenya: 10 Governors Under Probe Over Corruption
Ten governors are being probed over alleged corruption in their counties, Ethics and Anti-Corruption Commission has revealed.
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/#ixzz4knvbM6Ko
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