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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


 

Ex-Venezuela Official Flees to Aid U.S. in Corruption Probe

By Anti-Corruption Digest on Sep 01, 2020 03:42 pm

A former Venezuelan oil official fled the country and is talking to U.S. authorities about aiding their investigation of a high-level corruption scheme that helped plunge the oil-rich nation into an economic meltdown.
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 ‘People power’ can curtail corrupt, criminal activities 

By Anti-Corruption Digest on Sep 01, 2020 03:39 pm

KUALA LUMPUR (Sept 1): All it needed were two video clips that went viral on Facebook to spill out some unsavoury goings-on in Sungai Buloh, Selangor, namely an illegal gambling protection racket and the sale of contraband cigarettes.
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Meralco urged to convert ₱19 million fine to subsidize, refund consumers

By Anti-Corruption Digest on Sep 01, 2020 03:39 pm

Metro Manila (CNN Philippines, September 1) — Lawmakers have raised the possibility of converting the ₱19-million "bill shock" fine imposed against the Manila Electric Company to a subsidy or refund for its consumers amid the crisis.
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Is Covid-19 a Petri dish for corruption? 

By Anti-Corruption Digest on Sep 01, 2020 03:37 pm

Stories about coronavirus-related corruption are springing up like mushrooms. In effort to stem the spread of the virus, many countries declared a national emergency, which leads in some cases to weaker institutions and decreased transparency. Clearly, governments need to move quickly in a period of emergency, but removing completely the usual consultation and transparency procedures can open the door wide to corruption.
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Tesla and FBI thwart $1 million Russian Ransomware hack 

By Anti-Corruption Digest on Sep 01, 2020 03:15 pm

A Russian national was charged with one count of conspiracy to intentionally cause damage to a protected computer.
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Tight security, and an Arabic greeting, on first Israel-UAE flight

By Anti-Corruption Digest on Sep 01, 2020 03:08 pm

Members of the Israeli and U.S. delegations paused for a light ripple of applause, as food carts moved through the aisle with barely enough room to squeeze past the throng of White House aides, officials and journalists.
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Brazil reaches towards cybersecurity maturity 

By Anti-Corruption Digest on Sep 01, 2020 03:02 pm

After years of high-profile cyber-attacks, Brazil has received a glowing report for its cyber security maturity.
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France′s terrorism risk remains ′extremely high′

By Anti-Corruption Digest on Sep 01, 2020 03:02 pm

France has a terrorism watchlist of 8,132 potentially violent individuals, the country's interior minister warned on Monday, two days before the trial opens of 14 people accused of links to jihadi attacks in January 2015 in which 17 died.
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Australian journalist and TV host detained in China Cheng Lei

By Anti-Corruption Digest on Sep 01, 2020 11:09 am

Sydney/London (CNN Business)A prominent Australian journalist has been detained in China as tensions between the two countries rise.
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SEC Awards Over $1.25 Million To Whistleblower

By Anti-Corruption Digest on Sep 01, 2020 10:48 am

The Securities and Exchange Commission today announced an award of over $1.25 million to a whistleblower whose significant information prompted the agency to initiate a cause examination and bring an enforcement action that resulted in the return of millions of dollars to harmed investors.
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Rebuilding better: designing the future of cities and governance 

By Anti-Corruption Digest on Sep 01, 2020 10:46 am

In city and town meetings throughout the United States, “we need to rebuild better” has become a common refrain from progressive political leaders to communicate their response to COVID-19 and the subsequent demands for racial justice. It is shorthand for the urgency of economic recovery while acknowledging the reality of structural inequities. The pandemic’s indiscriminate destruction of life and livelihood has exposed blemishes of intolerance that have been artfully swept under the rug for decades and has mainstreamed the notion that returning to what was normal is insufficient.
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Impact Of COVID-19 On Corporate Governance In Indonesia

By Anti-Corruption Digest on Sep 01, 2020 10:45 am

The Indonesian Government has taken several measures to respond to the COVID-19 pandemic. The main measure was the enactment of Government Regulation in lieu of Law No. 1 of 2020 regarding the State's Finance Policy and Financial Stability to Manage COVID-19 and/or in the Framework of Averting Threats to the National Economy and/or Financial System Stability ("Perppu 1/2020"); Government Regulation No. 21 of 2020 regarding Large-Scale Social
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Colleges should consider reopening with the ethical approach of an institutional review board

By Anti-Corruption Digest on Sep 01, 2020 10:41 am

Colleges and universities are required to have ethicists. Why aren’t they required to talk to them?
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Ethics and the virus: ‘nothing spoils mighty craic like ethics’

By Anti-Corruption Digest on Sep 01, 2020 10:38 am

Ethics are a nuisance. Moral principles are self-imposed restrictions on our freedom, the little voice in our head telling us to desist from acting on our desires and wishes. Morality is what stops us from attending a dinner at a golf club or from going on holiday abroad after telling people not to travel. It stops us from removing our face masks in public areas or flouting social distancing guidelines at a brunch in Dublin. Nothing spoils mighty craic like ethics.
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2020 is the epitome of change–but business ethics are still needed

By Anti-Corruption Digest on Sep 01, 2020 10:37 am

As we are all thinking of strategies into the future, looking at disruptive innovation, or creative disruption, I would like to remind everybody that building and maintaining an ethical business culture must be part of the agenda. Business leaders must be aware that being caught in corruption, unfair competition, data breaches, cybercrime etc. will not only lead to heavy fines but will definitely affect the reputation of the company.
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Community Concerns Over Ethics of Vaccine Trials in Newark Give Way to Conspiracy Theories 

By Anti-Corruption Digest on Sep 01, 2020 10:36 am

NEWARK, NJ — When Mayor Ras Baraka released a statement Sunday night addressing citizen concern over Rutgers New Jersey Medical School and University Hospital’s recruitment for the COVID-19 vaccine clinical trial, he did so acknowledging medicine's long and shameful history of exploiting Black people.
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Futures Commission Merchant to Pay CFTC $12 Million for Anti-Money Laundering and Supervision Violations

By Anti-Corruption Digest on Sep 01, 2020 08:45 am

On August 10, the U.S. Commodity Futures Trading Commission (CFTC) filed and settled charges against Interactive Brokers LLC, a registered futures commission merchant (FCM).  The CFTC charged Interactive Brokers for failing to adequately supervise its employees’ handling of several commodity trading accounts and for failing to adequately implement required anti-money laundering procedures to detect and report suspicious transactions.  Interactive Brokers is to pay more than $12 million in penalties and disgorgement.
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FT Global Legal Hackathon gallery: from whistleblower shields to disruptive compliance tools 

By Anti-Corruption Digest on Sep 01, 2020 08:43 am

As the coronavirus pandemic gathered pace in March, the FT legal hackathon issued a challenge to the global legal industry: to find answers to the most pressing legal, regulatory and civil society problems emerging from the crisis. More than 2,700 participants signed up in April from nearly 70 countries to collaborate virtually on 184 projects, including an app to prove coronavirus immunity, a system to process electronic signatures, and an online learning tool to help students in lockdown.
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HESTA to go for cash with a bag of class actions signed up

By Anti-Corruption Digest on Sep 01, 2020 08:39 am

Health industry super fund HESTA is taking on big financial institutions through class actions in a bid to win back members’ money.
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UAE makes significant progress in combating money laundering and terror funding

By Anti-Corruption Digest on Sep 01, 2020 08:38 am

Dubai: In its continuing efforts to strengthen the UAE’s Anti Money Laundering and Counter Terrorist Financing (AML/CFT) framework, the National Committee for Combating Money Laundering and the Financing of Terrorism and Illegal Organisations (NAMLCFTC) held its sixth meeting for the year on August 31 2020.
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UAE makes progress in combating money laundering and terrorism financing

By Anti-Corruption Digest on Sep 01, 2020 08:36 am

The UAE has made "significant" progress with a national plan to combat money laundering and curb terrorism financing in the country, according to a statement issued by the country's central bank.
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Crown did not monitor ‘money-laundering’ accounts, inquiry told

By Anti-Corruption Digest on Sep 01, 2020 08:35 am

Crown Resorts’ top legal officer has told a public inquiry that the casino giant’s anti-money laundering teams did not monitor two company bank accounts suspected to have been used to clean dirty cash.
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Banks in Mexico Pose Greater Money Laundering Risk Than Crypto Firms

By Anti-Corruption Digest on Sep 01, 2020 08:33 am

Commercial banks by far pose the greatest risk of money laundering in Mexico compared to crypto-related companies, according to a new report by the country’s Financial Intelligence Unit (FIU).
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Dutch And Maltese Gaming Regulators Signs MoU To Prevent Illegal Gambling

By Anti-Corruption Digest on Sep 01, 2020 08:32 am

Under the MoU, there will be an enhanced cooperation between the two regulators. Now, both the regulators will be able to cooperate with each other by sharing information and best practices related to gaming responsibilities and laws. They will also have a regular consultation on several policy matters.
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Trade-based Money Laundering: Avoiding Murky Waters

By Anti-Corruption Digest on Sep 01, 2020 08:31 am

HSBC Singapore’s Jamil Ahmed calls for continued vigilance, the use of technology, and participation in public-private partnerships to mitigate trade-based money laundering risks.
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South Africa: Pensioner Arrested for UIF Covid-19 Relief Scheme Fraud

By Anti-Corruption Digest on Sep 01, 2020 08:29 am

Pretoria — Another suspect was arrested on Sunday by the Hawks Serious Corruption Investigation in Hammanskraal for alleged fraud and theft linked to the UIF COVID - 19 Temporary Employer and Employee Relief Scheme (TERS).
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Lukashenko approves draft CIS money laundering treaty

By Anti-Corruption Digest on Sep 01, 2020 08:28 am

MINSK, 31 August (BelTA) – On 31 August Belarus President Aleksandr Lukashenko signed Decree No. 325 to approve the draft CIS Treaty on Combating Money Laundering, Financing of Terrorism and Financing of Proliferation of Weapons of Mass Destruction as a basis for negotiations, BelTA
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China Gets Serious on Money Laundering With Record Number of Fines for First Half of 2020 

By Anti-Corruption Digest on Sep 01, 2020 08:26 am

Chinese authorities are getting more serious about fighting money laundering, or the illegal hiding of the origins of money obtained through criminal activities.
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The Religious Leaders Using Churches to Launder Illicit Cash Across the Americas 

By Anti-Corruption Digest on Sep 01, 2020 08:16 am

When Erik Súñiga died in U.S. custody in April, he left a rich religious and political legacy in the Guatemalan town where he founded an evangelical church, and served as mayor for over a decade.
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