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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


 

‘Dark Towers’ Goes Inside Deutsche Bank

By Paul Mackessey on Feb 20, 2020 02:28 am

In the 1990s, long before he became president, Donald Trump was known as a cash-strapped New York City businessman with shaky credit.
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Massachusetts lawmaker arrested on corruption charges 

By Paul Mackessey on Feb 20, 2020 02:26 am

Washington (CNN)A Massachusetts state lawmaker was arrested by federal agents early Tuesday on dozens of corruption charges, some of which involve an alleged misuse of campaign funds, the Boston division of the FBI announced.
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Netanyahu’s corruption trial to begin 17 March 

By Paul Mackessey on Feb 20, 2020 02:24 am

Israeli Prime Minister Benjamin Netanyahu’s corruption trial is set to begin on 17 March, a fortnight after the country’s parliamentary elections, the justice ministry said on Tuesday.
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Top Suspect In Large Corruption Case Flees Iran For UAE

By Paul Mackessey on Feb 20, 2020 02:23 am

One of the primary suspects involved in a massive financial corruption case in Iran's petrochemical sector has fled the country, a conservative local news outlet close to the Islamic Republic Supreme Leader Ali Khamenei reported on February 18.
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Former South Korean president jailed after losing appeal

By Paul Mackessey on Feb 20, 2020 02:22 am

SEOUL, South Korea - Former South Korean president Lee Myung-bak was taken to prison Wednesday to begin a 17-year term for bribery and embezzlement after losing an appeal against a lighter sentence.
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“The struggle against corruption is a struggle for human rights” 

By Paul Mackessey on Feb 20, 2020 02:20 am

“The crimes committed by corrupt individuals and networks have had a devastating impact on South Africans. They have eroded human dignity, access to basic rights contained in the Bill of Rights, and in some cases, they have threatened or cost lives,” reads An Agenda for Action, the Civil Society Working Group on State Capture’s latest submission to the Zondo Commission.
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Pompeo blasts corruption, promotes U.S. business in Africa trip 

By Paul Mackessey on Feb 20, 2020 02:19 am

U.S. Secretary of State Mike Pompeo speaks at a business leaders reception at the Museu de Moeda in Luanda, Angola February 17, 2020. (Andrew Caballero-Reynolds/Pool via REUTERS)
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Does your bank offer ethical investments? Corporate Knights visited branches of the Big Five to find out 

By Paul Mackessey on Feb 20, 2020 02:13 am

From millennials looking to stash their retirement savings in line with their ethics all the way up the corporate ladder to the world’s largest investment houses vowing to put climate action at the heart of investment decisions, responsible investing is quickly gaining traction.
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Intel lawyer who initially blocked Ukraine whistleblower complaint from Congress set to resign

By Paul Mackessey on Feb 20, 2020 02:12 am

Washington (CNN)The top intelligence community lawyer whose initial decision to block the Ukraine whistleblower complaint from reaching Congress helped set off the House impeachment inquiry, will resign from his post, a spokesperson for the Office of the Director of National Intelligence confirms to CNN.
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Allies of John Bel Edwards launch new political group to promote ‘governance and ethics’

By Paul Mackessey on Feb 20, 2020 02:11 am

Allies of Gov. John Bel Edwards are launching a new political group that will promote the governor’s policy agenda and hammer on “governance and ethics” in state government.
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A big, collective focus on ethics is needed to pull SA through

By Paul Mackessey on Feb 20, 2020 02:09 am

The year did not start well for SA. There was load-shedding during the school holidays, despite President Ramaphosa’s promise. Moody’s ratings agency downgraded the Landbank to sub-investment credit grade or junk status. The IMF cut SA’s economic growth prospects from 1.1% to 0.8% for the year. And all of this in just the first few days of the new decade.
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3 CCM members accused of violating party ethics face expulsion

By Paul Mackessey on Feb 20, 2020 02:01 am

The succession race in Tanzania’s ruling Chama cha Mapinduzi (CCM) is heating up, with President John Magufuli seeking a second term.
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The ethics of travelling in a disaster zone

By Paul Mackessey on Feb 20, 2020 02:00 am

Lorena Granados and Gaspar Roman have set up a temporary leather goods stall by the edge of the road in Mogo, a bushfire-ravaged town in New South Wales, Australia. It sits in front of their old store, which was reduced to warped corrugated iron and ashes when the fires tore through this tiny tourist town of about 300 on New Year’s Eve.
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Money laundering is big business in Australia 

By Paul Mackessey on Feb 20, 2020 01:48 am

Today, the Financial Secrecy Index declared Australia is a nation that continues to host “significant quantities of illicit funds from outside the country” and that it needs to do more to counter money laundering and tax avoidance.
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IMF wants tax evasion covered by AMLA 

By Paul Mackessey on Feb 20, 2020 01:48 am

THE Philippines should add tax evasion among the crimes covered by its law against money laundering, according to the International Monetary Fund (IMF).
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The UK’s Surprise Money Laundering Rules Blindsided Dealers Last Month.

By Paul Mackessey on Feb 20, 2020 01:46 am

Many art dealers in the UK were blindsided when new regulations designed to crack down on money laundering were rushed into effect last month. The new rules require dealers to register with the government, officially verify client identities, and report any suspicious transactions. Failure to do so, and to keep records of their due diligence, could result in jail time or a fine.
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Westpac warns of mounting regulatory costs

By Paul Mackessey on Feb 20, 2020 01:46 am

Westpac has warned bushfires, storms and the coronavirus outbreak will compound the mounting regulatory costs and fallout from legal action following last year's money laundering and child exploitation scandal.
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Customs officer arrested for money laundering, corruption 

By Paul Mackessey on Feb 20, 2020 01:45 am

The police arrested a 45-year-old customs officer at home in Rotterdam early on Tuesday morning. She is suspected of corruption and money laundering, the Public Prosecution Service (OM) said in a statement.
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UAE regulator to investigate Pakistan bank for money laundering 

By Paul Mackessey on Feb 20, 2020 01:42 am

DUBAI/KARACHI, Pakistan, Feb 19 (Reuters) - The United Arab Emirates’ central bank is investigating Pakistan’s largest bank to ascertain if it violated anti-money- laundering and terrorism-financing laws, the regulator said on Wednesday.
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Two arrested for money laundering using cryptocurrency

By Paul Mackessey on Feb 20, 2020 01:42 am

The Tax Authority's investigative department FIOD arrested two men in separate investigations into money laundering using cryptocurrency. Roughly a half-million euros in cryptocurrency, fiat cash, and gold was seized in the two cases, the tax investigation agency FIOD said on Tuesday.
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U.S. class action suits pile up against Australia’s Westpac amid money-laundering scandal 

By Paul Mackessey on Feb 20, 2020 01:37 am

Australia’s No.2 lender Westpac Banking Corp was hit with yet another U.S. class-action lawsuit in less than a week this month, again, related to financial crime monitoring gaps identified amid a broader money laundering scandal – bringing the grand total of legal probes to more than a half-dozen.
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South Africa: ‘Money-Launderer-in-Chief’ Fingered At Zondo Commission Lands Big Council Job

By Paul Mackessey on Feb 20, 2020 01:36 am

The Mhlathuze Water Board engineer named by Mr X in a major money-laundering scam has landed a top job at the Ekurhuleni metro council.
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Bulgaria seeks gambling tycoon’s extradition from UAE 

By Paul Mackessey on Feb 20, 2020 01:35 am

Bulgaria has asked the United Arab Emirates to extradite gambling tycoon Vasil Bozhkov, charged in absentia with extortion, influence peddling and money laundering among other offences, the justice ministry said on Monday, according to a Reuters report.
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Opposition concern over government’s failure to adopt latest EU directive on money-laundering 

By Paul Mackessey on Feb 20, 2020 01:33 am

Portugal’s PSD opposition party has sent a list of questions to the Ministry of Foreign Affairs due to the government’s failure to adopt the latest EU directive focusing on the combat of money-laundering.
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China virus crisis deepens as whistleblower doctor dies

By Paul Mackessey on Feb 20, 2020 01:10 am

A Chinese doctor who was punished after raising the alarm about China's new coronavirus died from the pathogen on Friday, sparking an outpouring of grief and anger over a worsening crisis that has now killed more than 630 people.
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Ransomware: the cyber threat that keeps on giving 

By Paul Mackessey on Feb 20, 2020 01:10 am

When it comes to ransomware conventional wisdom says you should never pay. Often, however, the reality is not as simple as that. If the data cannot be retrieved from your backup solution or if the encrypted information is business critical the company may have little choice but to shell out. According to Kaspersky more than one-in-three organisations pays up. Unfortunately for them that’s not necessarily the end of the story.
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Cyber risks can hit organizations even from unexpected angles 

By Paul Mackessey on Feb 20, 2020 01:04 am

A new report from Aon warns organizations that cyber risks can come from any digital channel – even those channels considered “less appreciated.”
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Cyber Police Arrest 4 People for Spreading Fake Coronavirus News

By Paul Mackessey on Feb 20, 2020 12:57 am

Thai cyber police have arrested four people for allegedly spreading fake news about the COVID-19 virus, in coordinated raids in four provinces.
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US Gas Pipeline Shut After Ransomware Attack 

By Paul Mackessey on Feb 20, 2020 12:56 am

A US natural gas facility was forced to shut down operations for two days after becoming infected with commodity ransomware, the Department of Homeland Security (DHS) has revealed.
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IOC Twitter accounts hacked by cyber group OurMine

By Paul Mackessey on Feb 20, 2020 12:54 am

  A post from the hacking group appeared on handles belonging to the IOC, including the official Olympics and IOC Media accounts, this evening. The Athlete365, Youth Olympic Games and official Rio 2016 accounts were among the others affected. A spokesperson for the IOC confirmed the organisation was investigating “a potential breach into some of […]
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