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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


 

PACC to probe DICT confidential funds issue

By Paul Mackessey on Feb 07, 2020 10:08 am

MANILA, Philippines — The Presidential Anti-Corruption Commission (PACC) has started looking into the concerns of Information and Communications Technology Undersecretary Eliseo Rio Jr., who has offered to resign from his post due to alleged irregularities in the disbursement of millions of funds of his department.
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Danske Bank Fine Could Be Low In US 

By Paul Mackessey on Feb 07, 2020 02:27 am

A fine for embattled banking institution Danske Bank could be much lower lower than expected in the U.S. because the institution does not have a banking license in the country, according to a report by Reuters.
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Latin America and the Caribbean’s turtle-paced progress against corruption

By Paul Mackessey on Feb 07, 2020 02:25 am

On January 23, Transparency International released its 2019 Corruption Perceptions Index (CPI), measuring the perceived levels of public sector corruption across 180 countries and territories. With a global average of 43 (on a scale of 0 to 100, where zero is highly corrupt and 100 is highly transparent), and two-thirds of countries scoring below 50, governments appear to be regressing in their efforts to fight corruption and falling short in implementing transparent and accountable systems to gain citizens’ trust in public institutions.
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Ex-PM’s wife goes on trial for corruption 

By Paul Mackessey on Feb 07, 2020 02:22 am

Malaysia's former first lady, who allegedly bankrolled a luxurious lifestyle with kickbacks and stolen public money, went on trial Wednesday for corruption for the first time since her husband lost power.
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Airbus Fined by DOJ for FCPA Violations and Bribery

By Paul Mackessey on Feb 07, 2020 02:19 am

Last week, the Department of Justice (DOJ) announced the largest deferred prosecution agreement for violations of the Arms Export Control Act (AECA), International Traffic in Arms Regulations (ITAR), and Foreign Corrupt Practices Act (FCPA) in history. Airbus SE, a French aircraft company, agreed to pay over a combined $3.9 billion to the DOJ as well as authorities in France and the UK for foreign corruption and bribery charges. The penalty is the largest of its sort and is the result of anti-fraud efforts across the three countries.
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Europe’s Graft Trouble Spot Sinks Into Crisis at Worst Time 

By Paul Mackessey on Feb 07, 2020 02:16 am

Bulgaria’s president and prime minister are trading accusations in an escalating dispute over corruption that’s threatening the nation’s push to adopt the euro and join Europe’s passport-free Schengen zone.
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AirAsia denies corruption in Airbus order as Malaysia probes bribe claims

By Paul Mackessey on Feb 07, 2020 02:14 am

AirAsia said it had never made any purchase decisions that were premised on an Airbus sponsorship. Photo: Reuters
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Business ethics is so easy, or is it? 5 steps leaders can take to foster ethical cultures 

By Paul Mackessey on Feb 07, 2020 02:12 am

When headlines exhort the latest breach of corporate ethical conduct, we are both amused and aghast at how apparently unaware and possibly incompetent corporate leadership can be. We wonder whether management and corporate directors are inept, maybe complicit or even instigators and cheerleaders of the behavior.
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Media Ethics in the Internet Age 

By Paul Mackessey on Feb 07, 2020 02:10 am

A year ago, six attackers stormed the Dusit D2 hotel complex in downtown Nairobi, eventually slaughtering over twenty people. The event and ensuing rescue efforts were a spectacle covered intensely by both local and international media outlets. Much of the coverage elicited little controversy. However, a story published online by the New York Times attracted much umbrage due to one of the pictures used to illustrate it, which showed three victims’ bodies slumped over coffee tables.
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Coronavirus Crisis Shows China’s Governance Failure 

By Paul Mackessey on Feb 07, 2020 02:09 am

As the Communist Party cements control, more officials worry about pleasing their bosses than taking care of the people.
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A new landscape for CRISPR? 

By Paul Mackessey on Feb 07, 2020 02:08 am

Over the next two years, via a series of stakeholder meetings and online consultations, talks with ethicists, academics, patient groups, and social scientists a World Health Organisation (WHO) panel, must deliver fresh ideas for a comprehensive governance framework.
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The unintended consequences of corporate governance changes 

By Paul Mackessey on Feb 07, 2020 02:07 am

Looking back on the past year, one thing the British business sector has not lacked is corporate governance scandals.
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Funding ethics: what to do when crisis hits 

By Paul Mackessey on Feb 07, 2020 02:04 am

Ethics should be easy – after all, it’s just a case of doing the right thing. Where it gets tricky is squaring personal and organisational values, and navigating rapidly shifting societal norms on the one hand and economic reality on the other.
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Court convicts Belgian gold refinery Tony Goetz of money laundering

By Paul Mackessey on Feb 07, 2020 02:00 am

The judgment comes as investigators and states increase pressure on refineries to make sure illegally mined or traded gold does not enter the market.
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Bank fined £500,000 for breaching counter-terror and money-laundering regulations 

By Paul Mackessey on Feb 07, 2020 01:59 am

Abu Dhabi Commercial Bank PJSC Jersey Branch admitted failures to comply with strict regulations in relation to two customers withdrawing huge sums of cash at a branch in the United Arab Emirates.
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Crypto Criminals Involved in Money Laundering Nailed in Zurich

By Paul Mackessey on Feb 07, 2020 01:58 am

Switzerland is believed to be a crypto-friendly country with the so-called Crypto Valley located in Zug. Crypto criminals are no strangers this country either – three men suspected of money laundering using crypto have been arrested by the police in Zurich. They had their luxury assets seized, along with millions of Swiss Francs frozen in their bank accounts.
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Suspended sentences for two men found guilty of money-laundering

By Paul Mackessey on Feb 07, 2020 01:57 am

A bundle of €12,200 in cash wrapped in tinfoil and tied with black hairbands was found in a man’s pocket when gardaí were called to a domestic incident in Ballincollig.
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Is Ontario the Next Money Laundering Safe Haven? 

By Paul Mackessey on Feb 07, 2020 01:55 am

Casino locations are among the most attractive venues for criminals willing to launder the cash proceeds of their illegal operation. Over the years, British Columbia has been considered the province offering the best conditions for laundering cash, due to its lax regulation and the blind eye it turns to suspicious transactions taking place along with the gambling operation. Ontario might have become a safe haven for criminals willing to launder cash.
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South African court issues Jacob Zuma arrest warrant in corruption trial, rejects former president’s ‘sick note’

By Paul Mackessey on Feb 07, 2020 01:54 am

A South African court has issued an arrest warrant for former president Jacob Zuma, after he skipped court on grounds of needing medical treatment, before the warrant was stayed until his corruption trial resumes on May 6.
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Jersey’s Royal Court fines Middle Eastern bank £475,000 

By Paul Mackessey on Feb 07, 2020 01:52 am

A Middle-Eastern bank has been fined £475,000 by Jersey's Royal Court for failing to abide by money-laundering laws.
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Remains of 2 U.S. Troops Recovered From Afghan Crash

By Paul Mackessey on Feb 07, 2020 01:49 am

The United States has recovered the remains of two American service members killed in the crash of an Air Force plane in eastern Afghanistan on Monday, a U.S. defense official told the Associated Press. There were only two people on board the Air Force E-11A electronic surveillance aircraft when it crashed in the Ghazni province, over which the Taliban have total control, the official said.
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The biggest data breach fines of 2019 and what they mean for charities 

By Paul Mackessey on Feb 07, 2020 01:48 am

A data breach can be disastrous for charities and businesses, because of the loss of trust and goodwill that these incidents can engender. But they can be hugely costly as well, as a number of organisations discovered for themselves in 2019. That’s because 2019 was the year that the Information Commissioner’s Office (ICO) got teeth.
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Adversarial artificial intelligence: winning the cyber security battle

By Paul Mackessey on Feb 07, 2020 01:47 am

Artificial intelligence (AI) has come a long way since its humble beginnings. Once thought to be a technology that would struggle to find its place in the real world, it is now all around us. It’s in our phones, our cars, and our homes. It can influence the ads we see, the purchases we make and the television we watch. It’s also fast becoming firmly embedded in our working lives — particularly in the world of cyber security.
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Coronavirus sends Asia’s social media censors into overdrive 

By Paul Mackessey on Feb 07, 2020 01:46 am

At least 16 people have been arrested over coronavirus posts in Malaysia, India, Thailand, Indonesia and Hong Kong, while Singapore has used its controversial new “fake news” law, POFMA, to force media outlets and social media users to carry government warnings on their posts and articles saying they contain falsehoods.
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Racine Mayor Refuses to Pay Cyber-Ransom

By Paul Mackessey on Feb 07, 2020 01:44 am

The mayor of a Wisconsin city in the grips of a ransomware attack has said that any demands for a ransom payment will not be met.
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Cyber Criminals Are Using Cleaners to Hack Your Business

By Paul Mackessey on Feb 07, 2020 01:43 am

Criminal gangs are planting “sleepers” in cleaning companies so that they can physically access IT infrastructure, a senior police officer with responsibility for cyber crime has warned, urging businesses to bolster their physical security processes in the face of the growing threat.
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FBI Reportedly Says DDoS Attack Targeted Voter Registration

By Paul Mackessey on Feb 07, 2020 01:42 am

The FBI reportedly warned this week that attackers repeatedly attempted to disrupt a state's voter registration and information website with a distributed denial-of-service attack.
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How are Southeast Asia’s casinos adapting to modern cyber-attacks?

By Paul Mackessey on Feb 07, 2020 01:40 am

Since the early days of organised gambling, casinos have been targeted by cybercriminals and scammers.
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Iran-Linked Hackers Pose as Journalists in Email Scam

By Paul Mackessey on Feb 07, 2020 01:39 am

When Iranian-born German academic Erfan Kasraie received an email from The Wall Street Journal requesting an interview, he sensed something was amiss.
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Former security guard files whistleblower complaint against state

By Paul Mackessey on Feb 07, 2020 01:35 am

A private security guard who filed a federal complaint last year against the state's Department of Education (DOE) and the global security company that employed him now says he was retaliated against for blowing the whistle on a hostile work environment.
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