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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


 

Airbus strikes anti-corruption deals with France, UK, US

By Paul Mackessey on Jan 31, 2020 10:49 am

PARIS: European aerospace giant Airbus said on Tuesday it had reached an "agreement in principle" with the French, British and US authorities over corruption investigations.
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How the Gilded Age’s Top 1 Percent Thrived on Corruption

By Paul Mackessey on Jan 31, 2020 10:46 am

As the United States grew into the world’s leading industrial power during the late 19th century, those atop the economic ladder in America’s Gilded Age accumulated spectacular fortunes. By 1890, the country’s 4,000 millionaires held 20 percent of the country’s wealth, and with that enormous affluence came colossal political corruption.
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How the ‘Art of the Deal’ Hurt Latin America’s Corruption Fight 

By Paul Mackessey on Jan 31, 2020 10:45 am

One of the bolder claims in Donald Trump’s impeachment defense posits that the U.S. president withheld military aid to Ukraine out of genuine concern over corruption in the former Soviet republic, and not to extract an investigation into a political rival. The assertion might be more plausible were the White House not simultaneously contemplating revisions to the Foreign Corrupt Practices Act, which Trump has long derided as placing American businesses at an unfair disadvantage. Still, some U.S senators appear willing to entertain the president’s argument that combating corruption is at the core of his foreign policy.
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Amid protests, Iraqi archbishop calls for ‘equal rights and dignity’ for Christians 

By Paul Mackessey on Jan 31, 2020 10:44 am

Iraqi Christians must take an active role in the country’s future if they want a unified, multi-religious Iraq, the Archbishop of Erbil said during a discussion of the country’s future with a U.S. congressman.
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ABLV bank raided as part of 50-million-euro money laundering investigation

By Paul Mackessey on Jan 31, 2020 10:41 am

According to LTV, law enforcement agencies including the Corruption Prevention and Combatting Bureau (KNAB) are conducting searches at the ABLV Bank building in Rīga in connection with suspicions that at least EUR 50 million may have been laundered by the bank between 2015 and 2018 when it collapsed following U.S, Treasury allegations that it was involved in money-laundering on a grand scale.
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Iraq: Solutions needed ‘urgently’ to quell ongoing violence

By Paul Mackessey on Jan 31, 2020 10:40 am

“The continuing loss of young lives and the daily bloodshed is intolerable”, said UN Special Representative Jeanine Hennis-Plasschaert, lamenting that “at least 467 protesters have been killed and over 9,000 injured since 1 October”.
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The UAE linked directly to Malaysia’s massive corruption scandal

By Paul Mackessey on Jan 31, 2020 10:38 am

Malaysia's Anti-Corruption Commission (MACC) confirmed on Wednesday that the UAE’s de-facto leader and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed was involved in the multibillion-dollar financial scam that allegedly implicates Malaysia’s former prime minister Najib Razak.
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Taiwanese coronavirus patient faces fine

By Paul Mackessey on Jan 31, 2020 10:37 am

TAIPEI (Taiwan News) — A Taiwanese businessman diagnosed with the Wuhan coronavirus on Friday (Jan. 24) is facing a heavy fine and possible prison sentence for concealing his illness, travel history, and activities after returning to Taiwan.
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‘Disturbing Trend’ in Retaliation Against Whistleblowers 

By Paul Mackessey on Jan 31, 2020 10:22 am

Not long after President Donald Trump’s sustained attack on the whistleblower who triggered his impeachment, an inspector general is reporting that federal employees who expose wrongdoing and fraud within the government are being increasingly subjected to retaliation by their superiors leading to a dramatic decrease in whistleblower reporting and waste exposure.
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Austrian Whistleblower Gets Suspended Sentence for Doping

By Paul Mackessey on Jan 31, 2020 10:20 am

Austrian cross-country skier and whistleblower Johannes Dürr got a 15-month suspended sentence for doping after he admitted to “serious sports fraud” related to taking performance-enhancing drugs and helping other athletes to do so also, Agence France-Presse announced.
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Fired financial services director files whistleblower lawsuit against city

By Paul Mackessey on Jan 31, 2020 10:16 am

TROY — The former financial services manager for the city of Troy, Tom Darling, who was fired July 16, has filed a whistleblower lawsuit against the city of Troy and Troy City Manager Mark Miller.
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Culture compliance and corporate governance in the new decade 

By Paul Mackessey on Jan 31, 2020 10:15 am

This year marks the beginning of a new decade, challenging us to look back at the progress and innovation the business community has made with regard to compliance and corporate governance, but also to look ahead to the 2020s and what will be required of companies to thrive in an increasingly diverse and global consumer market.
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Gamasutra: Andre Faure’s Blog 

By Paul Mackessey on Jan 31, 2020 10:14 am

I honestly hope you don’t identify yourself with what I’m going to discuss in the next paragraphs, but if you do, something is potentially wrong, and we are all subject to learning and getting better as persons and professionals.
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Five Data Ethics Considerations for 2020 

By Paul Mackessey on Jan 31, 2020 10:13 am

During the past two years, data theft and privacy concerns have emerged as a heavy counterweight to the benefits of big data and data analytics. Data ethics, the right or wrong conduct related to handling data, is in daily public discourse. Professionals who work in data-related fields are rethinking long-held beliefs about its management and use. The debate centers on the responsibility of companies to ethically protect the rights of data sources–in particular, consumers. For consumers, the question is: Who can you trust?
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Pentagon Debates U.S. Troop Drawdown in Africa and South America

By Paul Mackessey on Jan 31, 2020 10:11 am

The four-star officers in charge of U.S. forces in Africa and Central and South America are testifying on Capitol Hill this morning about their respective commands. Army Gen. Stephen Townsend, of U.S. Africa Command (Africom), and Navy Adm. Craig Faller, of U.S. Southern Command (Southcom), spoke to the lawmakers on the Senate Armed Services Committee in a hearing that started at 9 a.m. this morning.
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Church makes £600m investment in climate change index

By Paul Mackessey on Jan 31, 2020 10:10 am

The Church of England Pension Fund has invested £600 million (€709 million) in the “first global index” that bridges passive investments with companies making headway on climate issues.
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EY whistleblower takes stand in gold bullion money laundering case 

By Paul Mackessey on Jan 31, 2020 10:08 am

A whistleblower who is suing audit giant EY over allegations it covered up a money laundering scandal took the stand today in his High Court trial against his former firm.
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Danske Bank may escape US fine in money-laundering fallout 

By Paul Mackessey on Jan 31, 2020 10:07 am

It could be difficult for U.S. authorities to fine Danske Bank A/S for its involvement in a multibillion-dollar money-laundering scandal in the Baltics, according to legal experts speaking to S&P Global Market Intelligence.
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Angola and the money laundering paradox

By Paul Mackessey on Jan 31, 2020 10:05 am

The fact that a network of corruption and hidden wealth originated in Angola isn’t likely to raise many eyebrows. The country ranked 165 out of 180 in Transparency International’s latest Corruption Perceptions Index and the Basel Institute on Governance ranks it in the top 25 riskiest countries with respect to money laundering. For five of the past 10 years, Angola was listed as having “strategic deficiencies” by the Financial Action Task Force (FATF), an international standard setter of anti-money-laundering policy. By all the usual metrics that experts use to judge a country’s risk of harboring or generating illicit cash, Angola seems to fit the bill.
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Collective Stakeholder Efforts Key To Advancing Anti-Money Laundering Framework 

By Paul Mackessey on Jan 31, 2020 10:04 am

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, says collective stakeholder efforts are required at all levels to significantly improve Jamaica’s Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) framework.
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Kenyan bank taps anti money laundering expert to board

By Paul Mackessey on Jan 31, 2020 10:03 am

Financial solutions provider Diamond Trust Bank Kenya Limited has retained a globally renowned anti-money laundering and banking operations expert as a non-executive Director. As part of ongoing efforts to enhance the Bank’s corporate governance structure and capacity, the DTB Kenya Board has tapped the services of Mr Sagheer Mufti a former Citi Bank Global Head of Anti Money Laundering Operations. Mr Mufti is currently serving as the Chief Operating Officer for HBL (formerly Habib) in Pakistan. Speaking when he confirmed the appointment, DTB’s Chairman Mr Linus Gitahi said the entry of Mr Mufti in the DTB Board would significantly expand the board’s capacity to provide dynamic leadership and oversight. “The board is pleased to welcome Mr Mufti who has a set of rare skills and will undoubtedly contribute to the Board’s diversity,”
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2019 was a big year for Bitcoin scams

By Paul Mackessey on Jan 31, 2020 10:02 am

Bitcoin is still a fringe currency, but it’s catching on in a crime-infested corner of the internet, The New York Times reports.
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PAGCOR to invest resources into monitoring money laundering activity 

By Paul Mackessey on Jan 31, 2020 10:01 am

Philippine Amusement and Gaming Corp (PAGCOR) is going to beef up its efforts to thwart money laundering at casinos across the country. It has signed an agreement with the Philippine Anti-Money Laundering Council (AMLC) that is designed to see the two entities work more closely and share more information to make it more difficult for dirty money to pass through gambling venues under PAGCOR’s auspices.
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Angola’s ex first daughter Isabel dos Santos charged with fraud 

By Paul Mackessey on Jan 31, 2020 10:00 am

Angola's billionaire former first daughter and 'Africa's richest woman' has been charged with money laundering and fraud as one of the five suspects in the case was found dead.
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ED asks PFI, 8 sister groups to join money laundering probe 

By Paul Mackessey on Jan 31, 2020 09:58 am

New Delhi, Jan 28 (IANS): The Enforcement Directorate (ED) has served notices to the Popular Front of India (PFI) and its eight sister organisations located in Delhi, particularly in Shaheen Bagh, to join the Prevention of Money Laundering Act (PMLA) probe.
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Busts in Bulgaria’s Varna against 900 000 euro money laundering scheme 

By Paul Mackessey on Jan 31, 2020 09:57 am

The economic crimes squad and Interior Ministry investigators carried out a special police operation, supervised by the district prosecutor’s office, in Bulgaria’s Black Sea city of Varna in connection with pre-trial proceedings in a case involving laundering of 900 000 euro, the ministry said on January 29.
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Two Latin Kings members face detention pending trial 

By Paul Mackessey on Jan 31, 2020 09:56 am

BOSTON – Two members of the Almighty Latin Kings and Queen Nation appeared in court Wednesday after being arrested in a sweep of over 60 associated members on charges of drug trafficking and violent crimes.
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Are businesses prepared for an extinction-level cyber event? 

By Paul Mackessey on Jan 31, 2020 09:54 am

In an era of technological transformation and cyber everywhere, the attack surface is exponentially growing as cyber criminals attack operational systems and backup capabilities simultaneously in highly sophisticated ways leading to enterprise-wide destructive cyberattacks, a Deloitte survey reveals.
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How Much Can a Phishing Scam Cost a Small Organization? For a Texas School District, the Bill Was $2.3 Million

By Paul Mackessey on Jan 31, 2020 09:53 am

Located near the edge of the Austin metropolitan area, Manor is home to fewer than 10,000 people. Though it’s far from the smallest possible target, the Manor Independent School District is relatively modest as potential cyber crime victims go. How much damage could a hacker possibly do to a small school district in Texas? In the wake of a recent phishing scam, it turns out to be about $2.3 million dollars worth.
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Why every organisation needs cyber-risk assessments 

By Paul Mackessey on Jan 31, 2020 03:12 am

The cyberattack surface (the totality of all information system and internet exposure) is growing at a rapid pace. In parallel, inherently borderless cybercrime is impacting victims around the globe, with the authority of law enforcement often constrained by jurisdiction and the limitations of legal processes serving to request information beyond national borders. Moreover, cybercrime-as-a-service is a growing business model, as the increasing sophistication of tools on the Darknet makes malicious services more affordable and easily accessible for anyone.
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