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Your source for international risk & compliance related news, insights, and best practices.
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The new home of the FCPA Newswire edited by Mike Kenealy

Anti Corruption Digest is the most comprehensive source for global risk & compliance related news, insights, and best practices.

Readers are welcome to research the Anti Corruption Digest’s curated database of over fifteen thousand risk and compliance related articles, offer comments on any article as well as submit material for publication.
 

Below are some recent stories from the Anti-Corruption Digest


 

LABIOFAM: un circuito financiero fraudulento en América.

By Anti-Corruption Digest on Jun 30, 2020 12:59 pm

Un circuito financiero fraudulento transnacional entre sociedades mercantiles coadyuva a la Ocultación de Capitales, la Evasión de Impuestos, el Enriquecimiento Ilícito e, incluso, a la perpetración de operaciones de Lavado de Activos y Movimientos de Capitales Ilícitos.
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Swedish FSA fines SEB for lax anti-money laundering measures in Baltics

By Anti-Corruption Digest on Jun 30, 2020 11:11 am

The scandal, which first ensnared Danske Bank (DANSKE.CO) and has resulted in fines for two of Sweden’s biggest lenders, lifted the lid on money flows through a region that acts as a bridge between non-resident clients - often Russian - and the European Union and the wider world.
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Latin America’s Biggest Corruption Cases: A Retrospective

By Anti-Corruption Digest on Jun 30, 2020 11:11 am

What happened: Annual reports issued by Mexico’s national auditor for 2013 and 2014 suggested that public universities misused or diverted millions of dollars in spending. Eleven government agencies — notably Mexico’s Social Development Ministry and state oil firm Pemex — had allegedly funneled inflated and often irregular public contracts through universities in four states, leaving at least $160 million unaccounted for between 2013 and 2014.
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President López Obrador’s anti-corruption push is failing

By Anti-Corruption Digest on Jun 30, 2020 11:11 am

Andrés Manuel López Obrador insists that Mexico’s greatest asset is “the honesty of its people,” but independent studies show corruption has worsened in the 18 months since the country’s graft-busting president took office.
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Tackling trillion dollar global corruption industry is the focus of new DCU research centre 

By Anti-Corruption Digest on Jun 30, 2020 11:11 am

Corruption, and the impact it has on society, is the focus of a newly established research centre at DCU.
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The TAP-Plus approach to anti-corruption in the natural resource value chain

By Anti-Corruption Digest on Jun 30, 2020 11:11 am

Corruption is a massive global challenge, with the annual cost of bribery alone estimated at over $1.5 trillion. The social and economic consequences are even greater.
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‘Time is running out’ for Afghanistan to stop corruption

By Anti-Corruption Digest on Jun 30, 2020 11:00 am

KABUL, Afghanistan — Kabul’s failure to tackle corruption will weaken its bargaining position during peace talks and risks angering governments who are “weary of paying Afghanistan’s bills,” a U.S. official has warned.
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These are the most common banking scams in South Africa

By Anti-Corruption Digest on Jun 30, 2020 10:53 am

The South African Banking Risk Information Centre (Sabric) has released its annual crime report for 2019, showing that the weak state of the country’s economy has provided criminals with the impetus, and opportunity to commit financial crime.
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My fake news whodunnit: Caught up in a Senegal fake news scam 

By Anti-Corruption Digest on Jun 30, 2020 10:51 am

I stepped out of a dance class in North London on a sunny day last January to find a string of missed calls from African phone numbers.
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Is FaceApp a security risk? 3 privacy concerns you should take seriously 

By Anti-Corruption Digest on Jun 30, 2020 10:24 am

“To FaceApp or not to FaceApp?” That’s the question the internet struggled with last week as it rode a rollercoaster of reactions to the latest social media challenge.
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Terror Strikes Reading, England 

By Anti-Corruption Digest on Jun 30, 2020 10:23 am

hree people were stabbed to death in a park in Reading, England, on Saturday in what authorities are treating as a terrorist attack.
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Update on IT Security Incident at UCSF

By Anti-Corruption Digest on Jun 30, 2020 10:21 am

As we disclosed on June 3, UCSF IT staff detected a security incident that occurred in a limited part of the UCSF School of Medicine’s IT environment on June 1.
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Middle East risks renewed arms race, US warns 

By Anti-Corruption Digest on Jun 30, 2020 10:20 am

The US and Saudi governments have made a joint public appeal to the UN Security Council to extend the 13-year old arms embargo on Iran or risk a renewed arms race in the Middle East.
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China passes controversial Hong Kong national security law 

By Anti-Corruption Digest on Jun 30, 2020 10:19 am

Beijing has reportedly passed a sweeping national security law for Hong Kong that critics fear will crush political freedoms and pave the way for China to cement its control over the semi-autonomous territory.
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UAE launches system to increase food security 

By Anti-Corruption Digest on Jun 30, 2020 10:11 am

The UAE has launched a National System for Sustainable Agriculture to ramp up production and quality of local farms.
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The University Of California Pays $1 Million Ransom Following Cyber Attack

By Anti-Corruption Digest on Jun 30, 2020 10:03 am

The University of California, San Francisco (UCSF) has confirmed it paid a ransom totaling $1.14 million (£925,000) to the criminals behind a cyber-attack on its School of Medicine.
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Docker servers infected with DDoS malware in extremely rare attacks 

By Anti-Corruption Digest on Jun 30, 2020 10:02 am

Up until recently, Docker servers misconfigured and left exposed online have been historically targeted with cryptocurrency-mining malware, which has helped criminal groups generate huge profits by hijacking someone else's cloud resources.
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Chinese apps banned, will chinese apps vanish from phones What happens next

By Anti-Corruption Digest on Jun 30, 2020 09:40 am

In a big announcement, Ministry of Electronics and Information Technology on Monday banned hugely popular 59 Chinese Apps amidst simmering tension between the two countries. Keeping in mind the security threat it posed, government said it was getting concerns from citizens regarding security of data and risk to privacy relating to operation of certain apps. The 59 Chinese Android and iOS Apps include TikTok, UC Browser, ShateIt, and lifestyle apps such as Club Factory and Shein among others. Full List of banned Chinese Apps
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Corporate cyber attacks in East Africa on the rise in the last three months

By Anti-Corruption Digest on Jun 30, 2020 09:39 am

This is even as most companies lacking active monitoring of their IT infrastructure transitioned to remote work occasioned by the COVID-19 pandemic.
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$1.3b more funding to tackle cyber attacks

By Anti-Corruption Digest on Jun 30, 2020 09:38 am

Prime Minister Scott Morrison will on Tuesday announce the package, weeks after revealing a foreign government was behind an escalation in online threats.
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Rappler chief Ressa appeals over cyber libel conviction, cites errors, ‘malice’ 

By Anti-Corruption Digest on Jun 30, 2020 09:32 am

Rappler chief executive Maria Ressa and former researcher-writer Reynaldo Santos Jr have filed a motion for partial reconsideration, appealing to Manila Judge Rainelda Estacio-Montesa to reconsider her decision that convicted the journalists of cyber libel.
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IAPA urges debate of Brazilian fake-news bill 

By Anti-Corruption Digest on Jun 30, 2020 08:45 am

The Inter American Press Association (IAPA) recommends that a new bill in Brazil to combat fake news should be debated in depth and include the opinions of press associations specialised in the subject in order to ensure that the right to freedom of expression in the digital space is guaranteed.
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Panama- Most complaints from ‘lawyers linked to corrupt politicians’ 

By Anti-Corruption Digest on Jun 30, 2020 08:39 am

Former President Juan Carlos Varela made  a less than 20 minute 'voluntary visit to the office of the  anti-corruption prosecutor  in the Odebrecht case on Monday, June 29.
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POWER AND CORRUPTION IN THE DOMINICAN REPUBLIC

By Anti-Corruption Digest on Jun 30, 2020 08:37 am

In early 2013, Dominican Republic President Danilo Medina (2012-2016, 2016-present) and the governing Dominican Liberation Party (PLD) approved the construction of the coal-fired power plant Punta Catalina, 33 miles from the capital Santo Domingo. Composed of two electricity-generating units of 376 megawatts each, Punta Catalina was supposed to tackle Dominican Republic's power outages and expensive electricity rates. Yet, corruption has plagued the project from the outset and more than six years after construction started, it has not achieved these goals. Now, as the country prepares to vote in general elections, plans to sell part of the plant appear to have more to do with securing political power than generating value for Dominicans.
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Anti-Money Laundering Council promises ‘swift and thorough’ probe of Wirecard 

By Anti-Corruption Digest on Jun 30, 2020 07:17 am

MANILA -- The Philippines' anti-money laundering agency on Monday said it would conduct a "swift and thorough" investigation into scandal-hit German payments firm Wirecard AG and that it has drawn up an initial list of people and entities of interest.
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AML Bitcoin team charged with money laundering

By Anti-Corruption Digest on Jun 30, 2020 07:15 am

AML Bitcoin, a digital currency project that was advertised by political lobbyist Jack Abramoff and NAC Foundation CEO Marcus Andrade as being AML compliant, anti-terrorist, as well as theft-resistant, is being prosecuted by the U.S. Securities and Exchange Commission (SEC).
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Two Kuwaiti lawmakers indicted for money laundering in case linked to Bangladesh MP

By Anti-Corruption Digest on Jun 30, 2020 07:13 am

Abu Dhabi: Two Kuwaiti lawmakers have been indicted on allegations of money laundering and aiding and abetting the Bangldeshi member of parliament Mohammad Shahid Islam, remanded in custody on charges of human trafficking and money laundering, prosecution investigation revealed.
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Africa is Eliminating tax Evasion and Money Laundering 

By Anti-Corruption Digest on Jun 30, 2020 07:12 am

- The 2020 Tax Transparency report shows Africa is gradually eliminating tax evasion and money laundering - It is expected that this would help achieve transparency and provide information on the illicit flow of funds - The report also showed that African countries improved commitments and capacities to achieve tax transparency Our Manifesto:
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Research on AI in Anti-Money Laundering Market (impact of COVID-19) 

By Anti-Corruption Digest on Jun 30, 2020 07:10 am

The “AI in Anti-Money Laundering Market” 2020 report includes the market strategy, market orientation, expert opinion and knowledgeable information. The AI in Anti-Money Laundering Industry Report is an in-depth study analyzing the current st
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Senate AML bill strikes correct balance, modernizes processes 

By Anti-Corruption Digest on Jun 30, 2020 07:07 am

Passage of the Anti-Money Laundering Act of 2020 is a top priority of CUNA and other organizations that wrote to Senate Armed Services Committee leaders Monday. The bill is being considered for inclusion in the Senate National Defense Authorization Act (NDAA) for fiscal year 2020.
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