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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


 

GDPR Fines Top $126 Million With Over 160,000 Data Breaches Reported 

By Paul Mackessey on Feb 05, 2020 08:20 am

The General Data Protection Regulation (GDPR) has been in effect since 25 May 2018, or a little over a year and a half at this point. In that relatively short amount of time there have been over 160,000 data breaches requiring enforcement, and over $126 million in GDPR fines.
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Colombia’s Avianca embroiled in Airbus bribery scandal

By Paul Mackessey on Feb 05, 2020 08:19 am

An executive of Colombia’s largest airliner Avianca sought at least $4 million in bribes to secure the purchase of 100 aircraft from Airbus, according to French authorities.
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Airbus settles corruption charges with record-breaking settlement

By Paul Mackessey on Feb 05, 2020 08:18 am

The disclosures, made public after nearly four years of investigation spanning sales to more than a dozen overseas markets, came as courts on both sides of the Atlantic formally approved settlements that lift a legal cloud that has hung over Europe's largest aerospace group.
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Puerto Rico Demands Answers 

By Paul Mackessey on Feb 05, 2020 08:18 am

Recently, a local blogger broadcast his discovery of a warehouse full of aid supplies in Ponce, Puerto Rico, through Facebook Live. There were pallets and pallets of drinking water, cots, camping stoves, diapers, baby formula, and so forth—reportedly from disaster relief after Hurricane María in 2017.
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Will we just accept our loss of privacy, or has the techlash already begun?

By Paul Mackessey on Feb 05, 2020 08:16 am

Probably too late to ask, but was the past year the moment we lost our technological innocence? The Alexa in the corner of the kitchen monitoring your every word? The location-betraying device in your pocket? The dozen trackers on that web page you just opened? The thought that a 5G network could, in some hazily understood way, be hardwired back to Beijing? The spooky use of live facial recognition on CCTV cameras across London.
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Peru passes arbitration reform in wake of corruption scandal

By Paul Mackessey on Feb 05, 2020 08:13 am

As the international fallout from the Odebrecht corruption scandal continues, Peru has made several reforms to its arbitration law with the aim of increasing transparency for disputes involving state entities – drawing criticism from practitioners in the region who say the measures are ill-conceived.
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Netanyahu indicted in court on corruption charges after dropping immunity bid 

By Paul Mackessey on Feb 05, 2020 08:11 am

Israel's attorney general has filed a formal indictment in court against Prime Minister Benjamin Netanyahu.
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Bulgaria’s Fugitive Gaming Czar Arrested In U.A.E.

By Paul Mackessey on Feb 05, 2020 08:10 am

SOFIA -- Bulgarian gambling czar Vasil Bozhkov has been arrested in the United Arab Emirates (U.A.E.) on charges he is facing at home of tax fraud, attempted bribery, and organized crime, the chief prosecutor said on February 2.
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AirAsia’s Tony Fernandes steps aside amid Airbus bribery probe

By Paul Mackessey on Feb 05, 2020 08:08 am

KUALA LUMPUR: AirAsia's colourful chief executive Tony Fernandes has stepped aside from the company while authorities probe unusual payments at the Malaysian carrier, as the fallout from a US$4 billion bribery fine at Airbus reverberates across the industry.
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South African Court Issues Arrest Warrant for Ex-Leader Zuma

By Paul Mackessey on Feb 05, 2020 08:07 am

JOHANNESBURG — A judge in South Africa issued an arrest warrant Tuesday for former president Jacob Zuma for failing to appear in court on a corruption case that he has sought to avoid for months.
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The ethics of the edit

By Paul Mackessey on Feb 05, 2020 08:04 am

In the current boom of streaming services, Disney+ appear to be, thanks in part to Disney’s incredibly hegemonic control of popular movies, one of the companies set to dominate our small screens throughout this decade. They received 10 million subscribers within the first day
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The ethical executive is coming to a boardroom near you 

By Paul Mackessey on Feb 05, 2020 08:04 am

We are undergoing a paradigm shift in our political, economic, and commercial worlds — and it’s truly stranger than fiction.
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Good governance ‘a must to end banking sector’s woes’

By Paul Mackessey on Feb 05, 2020 08:04 am

A nexus between bank directors, businessmen and lawmakers and inadequate judicial infrastructure are responsible for the melancholy performance of country's banking sector, a former governor of the central bank said on Sunday.
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FCA hit by £2,000 pensions regulator fine over governance failures

By Paul Mackessey on Feb 05, 2020 08:03 am

The Pensions Regulator (TPR) has issued a £2,000 fine to none other than the FCA, over failures in its pension scheme governance.
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It’s ethics week at the University of Portland 

By Paul Mackessey on Feb 05, 2020 08:00 am

PORTLAND, Ore. — The University of Portland is now going through a special event on campus.
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Graft allegations reflect individuals’ ethics, not governance standards

By Paul Mackessey on Feb 05, 2020 07:59 am

RECENT allegations of bribery and malpractices involving several Malaysian public listed companies reflect the individual companies’ and individuals’ ethics rather than the country’s corporate governance standards, Minority Shareholder Watch Group (MSWG) CEO Devanesan Evanson (picture; left) said.
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IFA mission in CAF successfully completed  

By Paul Mackessey on Feb 05, 2020 07:55 am

The six-month mission agreed between FIFA and CAF to help accelerate the implementation of the reform process in the African governing body has been completed with the delivery of a set of findings, recommendations and proposals.
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The Rise Of International Whistleblowers

By Paul Mackessey on Feb 05, 2020 07:49 am

Thousands of non-U.S. citizens, from over 120 countries, are actively using U.S. laws to report serious economic crimes and corruption throughout the world. These new whistleblowers are actively using modern whistleblower qui tam or reward laws that cover violations of major anti-corruption laws such as the Foreign Corrupt Practices Act. The fact that thousands of international residents are actively participating in the U.S. whistleblower programs debunks any argument that whistleblowers are somehow unique to American culture, and laws that incentivize their disclosures should not be implemented worldwide. The opposite is true. Numerous citizens, many of which hold highly responsible positions in some of the largest multinational corporations, want to see an end to corruption, and are looking toward professional, viable, and confidential reporting structures to disclose the crimes they witness.
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EY boss defends treatment of whistleblower after he accused client of Dubai money-laundering

By Paul Mackessey on Feb 05, 2020 07:47 am

One of EY’s leading executives has denied that he attempted to push a former junior partner out of the audit firm after he blew the whistle on a client in Dubai.
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Estate agents admit anti-money laundering failings 

By Paul Mackessey on Feb 05, 2020 07:46 am

Two thirds of estate agents think they don’t meet the HMRC’s anti-money laundering rules, auctioneering and conveyancing firm iamproperty has found.
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Former Marin biotech CEO convicted of fraud, money laundering

By Paul Mackessey on Feb 05, 2020 07:44 am

A former Marin biotech executive has been convicted of wire fraud and money laundering for “siphoning millions of dollars” from his company to buy a $2.6 million home, a diamond ring and a Maserati, federal prosecutors said.
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Officials in Texas Seize $200,000 in Cash (Not Bitcoin) From Man Suspected of Money Laundering

By Paul Mackessey on Feb 05, 2020 07:44 am

The Texas Department of Public Safety (DPS) says a routine traffic stop in Carson County led to the seizure of $200,000 in cash in a case that appears to highlight how traditional money is used for money laundering.
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Bulgarian State Commission on Gambling Faces More Charges 

By Paul Mackessey on Feb 05, 2020 07:42 am

The public prosecution from Bulgaria has discovered that the State Commission on Gambling has received bribe offers from a businessman and detained the former Chairman of the Commission, Ognemir Mitev.
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Westpac Faces Money Laundering-Linked Lawsuit in the U.S.

By Paul Mackessey on Feb 05, 2020 07:41 am

Brian Hartzer and Peter King, former and interim CEO of Westpac, respectively, will face trial as defendants in a case filed by U.S.-based Rosen Law Firm on behalf of shareholders.
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Arrest warrant issued for former South African President Jacob Zuma

By Paul Mackessey on Feb 05, 2020 07:40 am

JOHANNESBURG — A judge in South Africa on Tuesday issued an arrest warrant for former president Jacob Zuma for failing to appear in court in a corruption case.
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ING ordered to pay 30 million euros to settle Italy money-laundering probe

By Paul Mackessey on Feb 05, 2020 07:39 am

MILAN (Reuters) - A Milan court ordered Dutch lender ING to pay 30 million euros ($33.17 million) to settle a money-laundering case in Italy, a judicial source said on Tuesday.
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Toll Group shuts down systems and goes manual after cyber attack

By Paul Mackessey on Feb 05, 2020 07:37 am

Following a “cyber security incident” on Friday, Toll Group has shut down a number of systems in a bid to resolve the issue “with minimal disruption”.
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Africa: Governments Urged to Work With Other Players 

By Paul Mackessey on Feb 05, 2020 07:37 am

World governments have been urged to collaborate with the private sector, non-governmental bodies and professionals to achieve a holistic ecosystem of global cyber monitoring and coordination.
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Office Cleaners Pose Cyber Risk, Police Warn 

By Paul Mackessey on Feb 05, 2020 07:37 am

Criminal gangs are planting “sleepers” in cleaning firms so they can access corporate IT systems, British police have warned
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Maze Ransomware Hits Law Firms and French Giant Bouygues 

By Paul Mackessey on Feb 05, 2020 07:37 am

Cyber-criminals behind the Maze ransomware attacks have claimed several more scalps over the past few days, including five law firms and a French industrial giant, all of which are thought to have had sensitive internal data stolen.
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