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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


 

Instead of resigning, apply corruption laws to both friends and foes 

By Anti-Corruption Digest on Sep 29, 2020 03:16 pm

MANILA, Philippines — Sen. Ping Lacson on Tuesday renewed his call on the President Rodrigo Duterte to exercise "strong political will" in the effort to weed out corruption from the government.
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International Whistleblower Advocacy Groups File Public Comment with Latvian Government 

By Anti-Corruption Digest on Sep 29, 2020 03:14 pm

A coalition of international whistleblower advocacy groups has filed a public comment (link?) with Latvia’s government, providing suggestions for strengthening the country’s first whistleblower law passed in 2019.
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Explosive Exposé Alleges Banks Aid Drug Kingpins, Criminals And Terrorists

By Anti-Corruption Digest on Sep 29, 2020 03:12 pm

In an explosive investigative report by Buzzfeed News, the International Consortium of Investigative Journalists and other news organizations, it was revealed that $2 trillion of questionable transactions were laundered through the largest most prominent banks in the world. The funds flowed, according to the reports, to “terrorists, kleptocrats and drug kingpins,” enriching the banks and their shareholders.
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Beware the UAE’s financial corruption 

By Anti-Corruption Digest on Sep 29, 2020 02:59 pm

The United Arab Emirates is hoping that, among other benefits, the agreement to normalize its relations with Israel will bring succour to the Gulf nation’s economy, hit hard by declining oil revenues and the coronavirus pandemic.
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Costly protection: Corruption in South Africa’s asylum-seeking system

By Anti-Corruption Digest on Sep 29, 2020 02:58 pm

On Thursday 17 September, Lawyers for Human Rights, the Scalabrini Centre and Corruption Watch launched a report titled “Costly protection: corruption in
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China is on a knife edge between recovery and another wave of coronavirus cases 

By Anti-Corruption Digest on Sep 29, 2020 02:57 pm

In the central Chinese city of Wuhan, where cases of the novel coronavirus were first detected late last year, the mood was one of triumph this week, as residents finally emerged from months of lockdown.
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SEC Grants 100th Whistleblower Award, Tipster Receives $1.8 Million

By Anti-Corruption Digest on Sep 29, 2020 02:28 pm

The Securities and Exchange Commission (SEC) recently announced that it has granted its 100th whistleblower award, with the most recent tipster, a company outsider, receiving an award of more than $1.8 million.
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Time for that governance talk 

By Anti-Corruption Digest on Sep 29, 2020 02:27 pm

To families running their own businesses, here’s something to think about: Do you make decisions and solve problems together? Are your lines of communication always open?
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Experts Explain How Whistleblowers Can Help Defeat International Wildlife Trafficking And Exploitation 

By Anti-Corruption Digest on Sep 29, 2020 02:25 pm

On September 8, the World Wildlife Fund (WWF) held a webinar on the importance of protecting whistleblowers who report wildlife crimes. Whistleblower protection: A tool for stopping corruption that threatens the world’s forests, fisheries, and wildlife examined the legal options that potential international whistleblowers have when they witness fraud or corruption abroad and what organizations can do to improve those options.
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Ukrainian Code of Corporate Governance: new guidance for private companies 

By Anti-Corruption Digest on Sep 29, 2020 02:24 pm

In the last five years, there has been a revolution in corporate governance in Ukraine. Starting with establishment of Supervisory boards in state – owned enterprises and ending with huge interest from private companies and all business owners; corporate governance has become a trend. Whether it is right or wrong, it is likely to continue. In response to the market demand; the National Securities and Stock Market Commission has adopted the Core Code of Corporate Governance: Requirements and Recommendations (the Code) introducing international standards and best practices in corporate governance for Ukrainian companies.
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U.S. faces ongoing court battles over TikTok, WeChat bans 

By Anti-Corruption Digest on Sep 29, 2020 02:23 pm

WASHINGTON, Sept 28 (Reuters) - The Trump administration faces ongoing court battles after two legal setbacks in its efforts to bar U.S. app stores from offering Chinese-owned TikTok or WeChat for download.
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Why Facebook Suddenly Closed 155 Accounts Targeting the Philippines

By Anti-Corruption Digest on Sep 29, 2020 02:22 pm

TAIPEI, TAIWAN - Facebook’s deletion of accounts targeting the Philippines from bases in China shows that the U.S. internet giant wants a better reputation in Southeast Asia after letting things slide in the past, say analysts who follow the case.
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Saica’s contribution to Global Ethics Day

By Anti-Corruption Digest on Sep 29, 2020 02:20 pm

The South African Institute of Chartered Accountants (Saica) has dedicated the month of October to ethics due to the Global Ethics Day being on October 21. The October edition of the Accountancy South Africa magazine will contain a series of ethics-related articles and Saica is launching a series of webinars addressing various aspects of ethics affecting the accounting profession.
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Boost for HSBC as major Chinese investor Ping An increases stake 

By Anti-Corruption Digest on Sep 29, 2020 12:14 pm

HSBC has received a much-needed vote of confidence from its largest investor after China’s Ping An Asset Management increased its stake in the embattled bank.
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PAGCOR wants financial institutions investigated over illegal gambling

By Anti-Corruption Digest on Sep 29, 2020 12:11 pm

There has been an uptick in the amount of online gaming in the Philippines recently, some of which has been determined to be operating beyond the scope of gambling laws. The country’s gambling regulator, PAGCOR, is perplexed over how this could be possible, since existing financial and anti-money laws require banks and other money-handlers to do their job in preventing illegal activity. As a result, PAGCOR wants the country’s central bank, the Bangko Sentral ng Pilipinas (BSP), to take a closer look at all financial entities along with the Anti-Money Laundering Council (AMLC) to determine if any underhanded activity is occurring.
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EU needs single anti-money laundering body, EBA says

By Anti-Corruption Digest on Sep 29, 2020 12:10 pm

The European Banking Authority has called for the creation of a single body to oversee the European Union’s anti-money laundering and counter the financing of terrorism efforts.
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Leaked Bank Docs Show Money Laundering Ties to Real Estate

By Anti-Corruption Digest on Sep 29, 2020 12:09 pm

A group of South Florida property owners’ alleged ties to global money laundering are revealed in newly leaked bank documents.
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Trump Campaign Accused Of ‘Laundering’ $170 Million

By Anti-Corruption Digest on Sep 29, 2020 12:07 pm

The Campaign Legal Center said in the 81-page filing that the president’s reelection campaign and campaign committee hid $170 million in spending to major vendors as well as family members and associates by diverting the money through firms headed by Brad Parscale, who was replaced as campaign manager in July, as well as other senior campaign officials.
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Duterte hits Facebook: ‘You cannot lay down a policy for my gov’t’

By Anti-Corruption Digest on Sep 29, 2020 11:34 am

Metro Manila (CNN Philippines, September 29) - President Rodrigo Duterte said on Monday that he wants a dialogue with social media giant Facebook after it recently shut down pages linked to the state forces that were found spreading misinformation.
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Pakistan opposition leader arrested after protest vow

By Anti-Corruption Digest on Sep 29, 2020 08:34 am

Pakistani anti-corruption officials arrested the country's opposition leader on Monday, September 28, days after he vowed to help lead efforts to dislodge Prime Minister Imran Khan's government.
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Osinbajo advocates tax reforms to curb money laundering

By Anti-Corruption Digest on Sep 29, 2020 08:32 am

Leading the call for effective global action against Illicit Financial Flows (IFF) and related vices, which is negatively impacting progress in developing countries especially in Africa, Vice President Yemi Osinbajo, SAN has called for an overhaul of the international tax system in order to tackle the scourge.
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Facebook fixes Instagram bug that could turn your phone into spying tool

By Anti-Corruption Digest on Sep 29, 2020 08:21 am

Facebook has patched a critical vulnerability in Instagram that could have given an attacker the ability to take over a victims Instagram account, and turn their phone into a spying tool, simply by sending them a malicious image file. Also Read - FarmVille to be shut down this year; will still be playable until December 31
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CMA CGM hit by cyber attack, but says it’s business as usual 

By Anti-Corruption Digest on Sep 29, 2020 08:19 am

French container shipping line CMA CGM has confirmed it is the latest victim of a cyber attack, after its website and some those of its subsidiaries went down over the weekend.
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Police Scotland to set up new cyber crime centre

By Anti-Corruption Digest on Sep 29, 2020 08:17 am

Scotland’s national police service said the strategy, Keeping people safe in the digital world, which it will formally present on Wednesday 30 September, “recognises the need to provide reassurance, education and enforcement in public, private and digital spaces as the environment we live and work in evolves rapidly”.
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KuCoin exchange loses $275 million in hack

By Anti-Corruption Digest on Sep 29, 2020 08:15 am

Singapore-based digital currency exchange KuCoin was hacked for roughly $275 million on September 25. The KuCoin team became aware of the security breach when they noticed that large withdrawals were being made from KuCoin’s hot wallet that the KuCoin team did not authorize.
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Cyber heists – How to launder ill-gotten gains 

By Anti-Corruption Digest on Sep 29, 2020 08:14 am

When willie sutton was asked why he robbed banks, he reputedly replied: “Because that’s where the money is.” These days there is no need to don a mask and wave a gun: bandits can steal millions from their armchairs, wielding nothing more lethal than malicious code.
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Major hospital system hit with cyberattack, potentially largest in U.S. history

By Anti-Corruption Digest on Sep 29, 2020 08:03 am

A major hospital chain has been hit by what appears to be one of the largest medical cyberattacks in United States history.
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Beware of fake WhatsApp calls and messages, SBI warns account holders

By Anti-Corruption Digest on Sep 29, 2020 08:02 am

State Bank of India (SBI) has warned its account holders to be aware of unknown whatsapp calls and messages that may ask customers about bank details and it may lead to possible banking fraud with account holders.
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Syrian rebel fighters prepare to deploy to Azerbaijan in sign of Turkey’s ambition 

By Anti-Corruption Digest on Sep 29, 2020 07:54 am

Syrian rebel fighters have signed up to work for a private Turkish security company as border guards in Azerbaijan, several volunteers in Syria’s last rebel stronghold have said, at a time when the long-running conflict between Baku and neighbouring Armenia is showing dangerous signs of escalation.
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Businesses must prepare for Brazil’s new GDPR-style data protection law

By Anti-Corruption Digest on Sep 29, 2020 07:52 am

Brazil is following the European Union’s (EU) good practices and has adopted a series of regulations on data protection. In the summer of 2018, the country introduced its Lei Geral de Protecao de Dados (LGPD). Inspired by the European General Data Protection Regulation (GDPR), the statute regulating the processing of personal data in Brazil finally came into effect last Friday.
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