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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


 

US firm fined for selling food to Cuba 

By Anti-Corruption Digest on May 11, 2020 02:18 pm

In what can only be called a Cold War act of spite, America’s Treasury Department has stooped to a new low.
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Recent Developments in Anti-Corruption Enforcement in South Korea

By Anti-Corruption Digest on May 11, 2020 02:09 pm

In December 2016, former South Korean President Park Geun-hye was impeached on corruption-related grounds, the culmination of a sustained protest movement that brought out almost a third of the nation’s population. Subsequently, in May 2017, Moon Jae-in was elected to the presidency. President Moon had run on a strong anti-corruption platform, and his administration has continued to prioritise anti-corruption enforcement during his term.
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Contagion of Chinese Corruption Will Threaten Post-pandemic Recovery in Developing World

By Anti-Corruption Digest on May 11, 2020 02:09 pm

ventually, the COVID-19 pandemic will end. When it does, the economic devastation the pandemic has left behind will become the overriding concern of governments worldwide.
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Philippines: Check on people assigned to give aid to avoid corruption 

By Anti-Corruption Digest on May 11, 2020 02:09 pm

MANILA, Philippines – Local government officials should scrutinize people in charge of distributing the COVID-19 cash aid to avoid corruption, President Rodrigo Duterte said on Monday.
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Israel court clears Netanyahu to form government despite corruption charges

By Anti-Corruption Digest on May 11, 2020 02:09 pm

Israel Prime Minister Benjamin Netanyahu's indictment on corruption charges does not disqualify him from forming a government, the country's top court said on Wednesday, paving the way for him to remain in power.
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Ethiopia Jails Former Minister for Corruption 

By Anti-Corruption Digest on May 11, 2020 02:09 pm

The conviction comes amid a push by Prime Minister Abiy Ahmed to crack down on corruption in the public sector. Several former senior government officials and executives of state-owned enterprises have already been arrested and jailed.
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Corruption investigation into Queensland Deputy Premier Jackie Trad 

By Anti-Corruption Digest on May 11, 2020 02:08 pm

As the Deputy Premier Jackie Trad fronted cameras on Saturday to announce she was relinquishing her ministerial duties over a fresh corruption investigation, some of her colleagues did not have a clue.
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Global Anti-Fraud Professionals Say Whistleblower Suppression Helps Spread Coronavirus

By Anti-Corruption Digest on May 11, 2020 02:06 pm

A new survey of anti-fraud professionals from around the world has found that whistleblower suppression is the most significant “fraud-related factor” in the spread of Covid-19.
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Seven myths on corporate governance cleared

By Anti-Corruption Digest on May 11, 2020 01:24 pm

Largely, people believe that only public limited companies or conglomerates and established companies need to be concerned about corporate governance. They feel these companies can benefit from implementing corporate governance practices; whereas the reality is that all companies—big and small, private and public, start-ups etc—compete in an environment where good governance is imperative. One size doesn’t fit all, but right-sized governance practices will positively impact the performance and long-term viability of every company. Corporate governance is a tricky topic that board members and senior management must constantly revisit and improvise. The business environment sometimes experiences a recession and, at times, a boom.
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Harsher penalties required for privacy breaches

By Anti-Corruption Digest on May 11, 2020 01:22 pm

The size of the potential penalty Facebook is facing in Australia over the Cambridge Analytica scandal is one of the few fines that may be large enough to move the needle on data compliance, argues former Cambridge Analytica employee turned data advocate Brittany Kaiser.
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German Government Bails Out Owners of German Corporations 

By Anti-Corruption Digest on May 11, 2020 01:19 pm

Just as the corrupt U.S. Government is bailing out owners of U.S. corporations while the American public experiences a recession that is heading into a depression, the corrupt German Government likewise is bailing out investors. It’s not illegal for the Government to do that — not even when the corporation that they might bail out next is the nation’s flag-carrying airline, which already receives unfair advantages in competing against other airlines in that country.
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AMLC-covered firms given more time to digitalize 

By Anti-Corruption Digest on May 11, 2020 01:02 pm

MANILA, Philippines — The Anti-Money Laundering Council (AMLC) is giving banks and other covered institutions more time to computerize customer records as it strengthens its campaign against money launderers and terrorist financing.
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UAE criticised for ‘ineffective’ sanctions and money laundering efforts 

By Anti-Corruption Digest on May 11, 2020 01:01 pm

Authorities in the United Arab Emirates (UAE) are facing criticism for their “minimal” implementation of UN sanctions and lacklustre efforts to tackle trade-based money laundering.
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EU blacklists over money laundering 

By Anti-Corruption Digest on May 11, 2020 01:00 pm

The Attorney General yesterday said it was "especially distressing" that Europe appears to have ignored The Bahamas' "herculean efforts" in preparing to again blacklist this nation.
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The Risky Politics of Anti-Money Laundering

By Anti-Corruption Digest on May 11, 2020 12:59 pm

Several factors have made Latin America better at detecting grand corruption, but one has been particularly transformative: progress in anti-money laundering (AML). All major anti-corruption operations over the past decade either began with or heavily relied on financial intelligence — from Brazil’s Lava Jato and its subsequent Odebrecht investigations in several countries, to campaign financing cases in Chile or prosecutions against high-ranking officials in Guatemala.
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Snake ransomware attack disrupts operations at Fresenius Group

By Anti-Corruption Digest on May 11, 2020 12:51 pm

The ransomware attack was first reported to security researcher Brian Krebs of KrebsOnSecurity by an employee of Fresenius Kabi, a division of the Fresenius Group that supplies pharmaceutical drugs and medical devices. The employee told Krebs that "a cyber attack had affected every part of the company’s operations around the globe" and that the malware used in the operation was the dreaded Snake ransomware.
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Coronavirus Lessons To Help Fight Cyber Crime 

By Anti-Corruption Digest on May 11, 2020 12:50 pm

The benefits of good personal hygiene, like washing your hands, have been taught to all of us since we were in kindergarten.
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Zoom agrees to step up security after New York probe 

By Anti-Corruption Digest on May 11, 2020 12:48 pm

New York state’s top prosecutor on Thursday announced that the company Zoom would improve security measures, after flaws were detected as the video conferencing platform soared in popularity amid the coronavirus pandemic.
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Security Concerns in Asia-Pacific Escalate Amid Coronavirus Scramble 

By Anti-Corruption Digest on May 11, 2020 12:48 pm

As countries around the world work to contain and eradicate the coronavirus, recent developments in the Asia-Pacific have raised concerns among U.S. officials that China is trying to take advantage of the crisis to further its strategic interests.
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Types of mobile device cyber threats and how to keep your mobile device safe from cyber threats

By Anti-Corruption Digest on May 11, 2020 12:39 pm

Usually, when internet fraudsters want to perpetrate their unscrupulous acts, they target desktop computers and personal computers because of the wide range of information stored on these devices. But due to the introduction of several antivirus and anti-cyberactivity programs, the rate at which computers are attacked have reduced drastically.
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US: ‘Roads and corruption’ are big drivers of deforestation

By Anti-Corruption Digest on May 11, 2020 12:14 pm

Keith Kline is one of those scientists obsessed with academic rigour. A distinguished researcher at the Oak Ridge National Laboratory, he only accepted to be interviewed on condition that his answers be made in writing.
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Prosecuting political corruption cases like Bridgegate is nearly impossible 

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

On Thursday, the Supreme Court overturned the criminal convictions from New Jersey’s Bridgegate scandal, which arose in 2013 when then-Gov. Chris Christie’s aides sought retribution against a political opponent. The Port Authority suddenly reduced the number of toll lanes reserved for commuters from Fort Lee, N.J., from three to one, supposedly to conduct a traffic study. But in reality, the court explained, officials wanted “to punish the mayor of Fort Lee for refusing to support the New Jersey Governor’s reelection bid.” Somehow, the justices of the Supreme Court held unanimously, in Kelly v. United States, that this violated no federal laws.
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Two Men Charged In First US Case Of PPP Fraud 

By Anti-Corruption Digest on May 11, 2020 12:10 pm

Two men were charged in Rhode Island with fraudulently seeking loans through the Paycheck Protection Program (PPP), the U.S. Department of Justice said in a statement on Tuesday (May 5).
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Knockout or Setback US Trial Court Says the FCPA Doesnt Have the Reach the DOJ Claims

By Anti-Corruption Digest on May 11, 2020 12:10 pm

The US Department of Justice (DOJ) has long asserted an expansive extraterritorial reach of the FCPA. In United States v. Hoskins, the DOJ once again convinced a jury to convict a non-US national, acting outside the US, of violating the Foreign Corrupt Practices Act (FCPA); but the presiding judge overturned the conviction, finding the conduct occurred outside of the US and that the defendant was not acting as an “agent” of the US subsidiary.1
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French tycoon Bernard Tapie’s assets frozen in fraud case 

By Anti-Corruption Digest on May 11, 2020 11:53 am

The fraud case against 77-year-old Tapie, which has also ensnared European Central Bank chief Christine Lagarde, centred on a payment of €404 million ($442 million) awarded to him in 2008 by a government arbitration panel.
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Corruption charges: Peru’s opposition leader Fujimori released from prison

By Anti-Corruption Digest on May 11, 2020 11:52 am

Peru's opposition leader Keiko Fujimori was released on Monday from pre-trial detention on corruption charges after just three months, an AFP reporter witnessed.
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How Transparency Can Save Lives in the Coronavirus Crisis

By Anti-Corruption Digest on May 11, 2020 11:51 am

Latin America’s finance and economy ministers can’t be getting much sleep these days. Measures to maintain market liquidity and sustain the region’s economies are already underway, as governments engage in the titanic task of addressing the crisis while at the same time avoiding economic collapse. The overall message is clear: Financial aid must be deployed quickly and effectively.
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Massive bank heist in Brazil ends in failed Bitcoin escape

By Anti-Corruption Digest on May 11, 2020 11:50 am

An online bank heist swindled R$30 million ($5 million) from an account of steel manufacturer Gerdau at Santander bank last month. The money was sent to buy Bitcoin in the Brazilian market, but was stopped by local crypto exchanges.
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Colombia’s great coronavirus heist 

By Anti-Corruption Digest on May 11, 2020 11:50 am

Colombia’s Supreme Court will investigate one minister and 11 governors after the prosecution opened more than 1,200 investigations into alleged corruption with coronavirus emergency funds.
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Mexico auto plants to reopen as country weighs virus risks 

By Anti-Corruption Digest on May 11, 2020 11:50 am

MEXICO CITY (AP) — On a day Mexico saw its worst daily increase yet in coronavirus cases, foreign-owned auto plants began setting dates for reopening.
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