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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


 

See What Industry Ranks as Most Globally Corrupt

By Paul Mackessey on Mar 20, 2020 02:36 pm

Companies in the extractive industry faced the most bribery investigations in 2019, both by the U.S. and other global authorities, according to a new corruption report.
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Lessons for America: How South Korean Authorities Used Law to Fight the Coronavirus 

By Paul Mackessey on Mar 20, 2020 02:34 pm

Emergency texts from the government alerting citizens of nearby cases of coronavirus infection. A government-mandated GPS-tracking app designed to monitor and punish people who break quarantine. Public government reports detailing the whereabouts of every single confirmed patient—down to which theater seat they sat in, which plastic surgery clinic they visited and even where they got their lingerie.
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IDB – OECD study calls for better governance, integrity in Latin America and Caribbean

By Paul Mackessey on Mar 20, 2020 02:32 pm

NEW YORK, USA - Latin America and the Caribbean (LAC) need to strengthen governance and integrity mechanisms to improve the quality and implementation of public policies, reduce corruption and increase public trust in government, according to the third edition of Government at a Glance: Latin America and the Caribbean 2020.
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A crook led by crooks

By Paul Mackessey on Mar 20, 2020 02:30 pm

Journalism has several aims, including educating, entertaining and informing, but when corruption is rampant, investigative journalism is the rule of law’s watchdog, its fail-safe and protector. It helps create a fairer society, and gives a voice to those who have none.
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Corruption and the Coronavirus 

By Paul Mackessey on Mar 20, 2020 02:28 pm

As communities around the world face an unprecedented global health crisis with the rapid spread of the coronavirus or COVID19 pandemic, our governments’ first priority should be promoting our health and safety.
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That other virus—corruption 

By Paul Mackessey on Mar 20, 2020 02:27 pm

With more than 100 countries now affected by the novel coronavirus, the World Health Organization (WHO) has declared the outbreak a pandemic and called on governments around the world to take “urgent and aggressive action.” In the Philippines, a state of “public health emergency” has been declared, and “enhanced community quarantine” imposed on the entire Luzon island.
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VA Employee Found Guilty of Corruption Charges and Defrauding VA of Nearly $19 Million in a Year

By Paul Mackessey on Mar 20, 2020 02:24 pm

DENVER – United States Attorney Jason R. Dunn announced that yesterday a jury sitting in U.S. District Court in Denver found former Veterans Affairs (VA) employee Joseph Prince, age 60, of Aurora, Colorado guilty of felony health care fraud, conspiracy, payment of illegal kickbacks and gratuities, money laundering charges and conflict of interest.  The verdict is the result of an eight-day jury trial before U.S. District Court Judge Raymond P. Moore.  Prince’s bond was continued and he was ordered to home incarceration pending his sentencing.
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Why a corruption amnesty should not be contemplated

By Paul Mackessey on Mar 20, 2020 02:22 pm

One of the reasons that people battle to imagine real justice is because it has become very difficult to picture life beyond the worldview of the ANC. The vast majority of our journalism and commentariat operate from the base that the ANC is – and will always be – all-powerful. For many, it is the only real paradigm that exists.
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Why smart governance must come before smart cities 

By Paul Mackessey on Mar 20, 2020 02:14 pm

The minds of entrepreneurs, technologists and new-wave urbanists are consumed with the future of smart cities. However, too often, visions of smart cities are disassociated from the citizens themselves. While it is widely accepted that modernizing the digital, physical and social infrastructure of a community can result in widespread social benefits for residents, too often those that interact with the new technology or government function are left out of the decision-making
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Centre set to overhaul audit regime to check lapses in governance

By Paul Mackessey on Mar 20, 2020 02:11 pm

NEW DELHI : The ministry of corporate affairs is set to make major changes to the framework of statutory audits to ensure that managements cannot arm-twist or tempt auditors into overlooking governance lapses.
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SEBI gives more time to companies for filing financial results 

By Paul Mackessey on Mar 20, 2020 02:10 pm

To provide relief to companies, amidst the spread of Covid-19, SEBI has extended the time period for mandatory filing of quarterly and annual financial results for listed entities.
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Viral ethics: Keeping our moral compass in a time of confinement 

By Paul Mackessey on Mar 20, 2020 02:08 pm

The scope and sweep of this viral pandemic gripping the world didn’t hit me until late last week, as I walked to meet a friend for coffee in downtown Spokane.
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Amid Economic Chaos, Trudeau’s Star Nearly Dark 

By Paul Mackessey on Mar 20, 2020 02:05 pm

The past week may have been difficult for the Trudeau family which is self-quarantining after the Prime Minister’s wife Sophie was diagnosed with the coronavirus (Justin was not). But this follows several stark months for Trudeau and his Liberal Party overall. His reelection campaign was hardly the coronation that the Liberals had been expecting—winning, in the end, not because of the prime minister, but in spite of him.
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Masterclass unpacks ethics of sustainability within African fashion

By Paul Mackessey on Mar 20, 2020 02:02 pm

May introduced the theme by posing a multifaceted question to the audience and panellists: What does the ideal future of fashion look like?
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Coca-Cola Co. and Woodruff Foundation pledge $10 million to COVID-19

By Paul Mackessey on Mar 20, 2020 01:44 pm

Two of the city’s most influential institutions are joining forces to aid in the fight against the coronavirus.
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Singapore issues guidelines to combat money laundering 

By Paul Mackessey on Mar 20, 2020 01:28 pm

Singapore’s financial services regulator has issued an update on its anti-money laundering (AML) and combating the financing of terrorism (CFT) guidelines. The Monetary Authority of Singapore followed up recent regulatory changes with the comprehensive set of guidelines for all digital payment services providers.
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The Continued Struggle with Anti-Money-Laundering Compliance

By Paul Mackessey on Mar 20, 2020 01:27 pm

The uptick in money-laundering scandals continued in 2019, and as has been the case during the past two decades, financial institutions continue to struggle with anti-money-laundering (AML) compliance issues and risk-management challenges. While this is certainly not surprising, one must question why sophisticated organizations such as financial institutions continue to grapple with solving the challenges of AML compliance and face ever-increasing regulatory-enforcement actions.
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Bothell man arrested for money laundering and drug conspiracy

By Paul Mackessey on Mar 20, 2020 01:26 pm

Brokers with Homeland Security Investigations (HSI) made a sequence of undercover cash-for-crypto offers prior to the arrest of Bothell resident Kenneth Warren Rhule on Tuesday, March 10.
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MAS imposes S$400,000 penalty on TMF Trustees Singapore

By Paul Mackessey on Mar 20, 2020 01:24 pm

SINGAPORE: The Monetary Authority of Singapore (MAS) has imposed a composition penalty of S$400,000 on TMF Trustees Singapore Limited (TTSL) for failing to comply with MAS' Anti-Money Laundering and Countering the Financing of Terrorism requirements.
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5 important things happening in South Africa today

By Paul Mackessey on Mar 20, 2020 01:17 pm

Load shedding: No load shedding is expected today, but Eskom again warns that things could change at any point as the system remains vulnerable, and emergency reserves are being used during peak periods.
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Swedbank hit with record $386 million fine over Baltic money-laundering breaches 

By Paul Mackessey on Mar 20, 2020 01:14 pm

STOCKHOLM (Reuters) - Sweden’s financial watchdog hit lender Swedbank (SWEDa.ST) with a record fine of 4 billion crowns ($386 million) on Thursday for serious deficiencies in its anti-money-laundering work and said the bank had withheld information from authorities.
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Still On Fight Against Corruption 

By Paul Mackessey on Mar 20, 2020 01:12 pm

Nearly three weeks ago, a Federal High Court in Abuja sentenced former Publicity Secretary of the Peoples Democratic Party (PDP), Chief Olisa Metuh, to a total of 39 years imprisonment for money laundering.
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Miami crime expert to plead guilty in Venezuela graft case 

By Paul Mackessey on Mar 20, 2020 01:11 pm

MIAMI (AP) - A University of Miami professor who is a top expert on money laundering in Latin America is scheduled to plead guilty for trying to hide $3 million in proceeds from a corruption scheme with Venezuela's socialist government.
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Coronavirus Sets the Stage for Hacking Mayhem

By Paul Mackessey on Mar 20, 2020 01:04 pm

THE NOVEL CORONAVIRUS has impacted the global economy, daily life, and human health around the world, changing how people work and interact everyday. But in addition to the pressing threat the virus poses to human health, these rapid changes have also created an environment in which hackers, scammers, and spammers all thrive.
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EU’s Barnier has coronavirus, threatening Brexit talks

By Paul Mackessey on Mar 20, 2020 01:03 pm

The EU's chief Brexit negotiator Michel Barnier has tested positive for the coronavirus, increasing pressure on Britain to extend a trade talks deadline beyond the end of the year.
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Facing coronavirus pandemic, US confronts cyberattacks 

By Paul Mackessey on Mar 20, 2020 12:53 pm

The United States, already dealing with the coronavirus pandemic, is also being targeted for cyberattacks and foreign disinformation campaigns, as federal officials feared.
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CyberWyoming encourages ‘cyber hygiene’ while telecommuting

By Paul Mackessey on Mar 20, 2020 12:51 pm

As Wyoming residents adopt personal hygiene practices to minimize the spread of the novel coronavirus, COVID-19, they should also observe increased cyber hygiene to protect businesses and private information.
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Israel’s top court hears challenge to coronavirus cyber-monitoring 

By Paul Mackessey on Mar 20, 2020 12:50 pm

OCCUPIED JERUSALEM: Civil liberties activists asked Israel's Supreme Court Thursday to suspend cellphone monitoring put in place under emergency regulations to try to slow the spread of the coronavirus.
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Chile calls ‘state of catastrophe’ as Latin America fights virus

By Paul Mackessey on Mar 20, 2020 12:46 pm

Chile declared a "state of catastrophe" and delayed a constitutional referendum while several countries announced nighttime curfews as Latin America expanded its coronavirus lockdown on Wednesday.
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Cyber criminals capitalise on Covid-19 

By Paul Mackessey on Mar 20, 2020 12:45 pm

Cyber criminals are taking advantage of rising coronavirus concerns across the world, adapting and updating attack methods as real-time news unfolds.
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