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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


 

SEC Issues 100th Whistleblower Award

By Anti-Corruption Digest on Sep 30, 2020 12:29 pm

On September 28, the U.S. Securities and Exchange Commission (SEC) announced a $1.8 million whistleblower award, issued to “a company outsider, who expeditiously reported significant information to the Commission about ongoing securities law violations.” The award is the 100th whistleblower award granted in the history of the SEC Whistleblower Program.
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We Need to Talk About Corruption 

By Anti-Corruption Digest on Sep 30, 2020 12:27 pm

In 2020, the coronavirus pandemic confirmed a cruel form of American exceptionalism—the country’s exceptionally poor performance in handling the virus as measured in deaths and infections. Neither flag waving nor flyovers can mask other American failures, including climate change indifference, tolerance for gun violence, inadequate health care, gross income inequality, systemic racism and other ailments. We’ve got some serious issues to address.
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‘Duterte won’t quit, will continue to fight corruption in gov’t’ 

By Anti-Corruption Digest on Sep 30, 2020 12:25 pm

Presidential spokesman Harry Roque said the President would instead use the remainder of his term to fight corruption in government.
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EU-Ukraine tensions mount ahead of annual summit 

By Anti-Corruption Digest on Sep 30, 2020 12:24 pm

President Zelenskyy heads to Brussels next week for the twenty-second annual EU-Ukraine Summit with bilateral ties at their most strained since the signing of a landmark Association Agreement in 2014. The relationship between Ukraine and the European Union has become significantly stronger during the past six years, but backsliding by the Zelenskyy government in Kyiv on key anti-corruption measures is now sparking concern among Ukraine’s European partners over the country’s future direction.
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Africa could gain $89 billion annually by curbing illicit financial flows

By Anti-Corruption Digest on Sep 30, 2020 12:22 pm

Every year, an estimated $88.6 billion, equivalent to 3.7% of Africa’s GDP, leaves the continent as illicit capital flight, according to UNCTAD’s Economic Development in Africa Report 2020.
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Corruption and tax evasion rob Africa of $89 billion a year 

By Anti-Corruption Digest on Sep 30, 2020 12:21 pm

Huge sums of money flowing out of Africa through corrupt practices and illegal means are robbing the continent of billions of dollars and hampering efforts aimed at achieving the Sustainable Development Goals, a new UN report said.
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Amazon’s transparency policy signals progress against counterfeit goods

By Anti-Corruption Digest on Sep 30, 2020 12:03 pm

As of Sept. 1, each seller’s page on Amazon.com must now display the respective seller’s name and address. This new seller transparency policy, announced by Amazon on July 8,, brings some of Amazon’s U.S.-based practices into conformity with policies in other jurisdictions, including Europe, Japan, and Mexico. It also comes on the heels of record-setting online retail sales and the restructuring of traditional retail as we know it.
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Fake news punishable by years in prison under proposed Nicaraguan law 

By Anti-Corruption Digest on Sep 30, 2020 12:03 pm

Deputies from Nicaraguan President Daniel Ortega’s party on Monday proposed a law that would make spreading fake news on social media punishable by up to four years in prison, government sources said.
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UK government probing cyber-attack over Syria propaganda leaks

By Anti-Corruption Digest on Sep 30, 2020 12:00 pm

Hackers have penetrated the computer systems of the UK’s foreign ministry and taken hundreds of files detailing the country’s controversial propaganda programmes in war-torn Syria.
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 ‘Israel is a cyber superpower, the potential is endless’ 

By Anti-Corruption Digest on Sep 30, 2020 11:59 am

Walking into the Tel Aviv office of Israel National Cyber Directorate Head Yigal Unna, you immediately notice a very specific memento – a very weighted plaque with a golden plate that he was awarded by his counterparts in the United Arab Emirates.  Unna was part of the historic delegation that traveled to Abu Dhabi last month after the landmark peace deal between Israel and the UAE was announced, and the plaque sheds light on the deep cyber and technological ties between the two countries.
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CMA CGM Updates on Cyber Attack

By Anti-Corruption Digest on Sep 30, 2020 11:59 am

French shipping giant CMA CGM has provided an updated on the malware attack that forced the group to shut down “periphery” servers to prevent it from spreading.
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The most important national security question Trump and Biden need to address 

By Anti-Corruption Digest on Sep 30, 2020 11:45 am

As the world braces for a possible second wave of the Covid-19 pandemic, there is also growing concern in the counterterrorism, scientific and global public health communities over the potential future threat posed by bio-engineered pathogens.
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A Ransomware Attack Has Struck a Major US Hospital Chain 

By Anti-Corruption Digest on Sep 30, 2020 11:43 am

UNIVERSAL HEALTH SERVICES, a hospital and health care network with more than 400 facilities across the United States, Puerto Rico, and United Kingdom, suffered a ransomware attack early Sunday morning that has taken down its digital networks at locations around the US. As the situation has spiraled, some patients have reportedly been rerouted to other emergency rooms and facilities and had appointments and test results delayed as a result of the attack.
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Less Than the Sum of Its Parts: China’s ‘Negative Competition’ in the Middle East 

By Anti-Corruption Digest on Sep 30, 2020 11:41 am

According to a quote attributed to Otto von Bismarck, fools learn from experience while wise men learn from the experience of others. This adage likely served Bismarck well navigating the highly fractious and hypercompetitive world order in continental Europe of the late 19th century. It also, apparently, influences China’s ambitions to displace and supplant U.S. influence in the Middle East.
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Latin America: COVID-19 Threatens Promise of Digital Economy

By Anti-Corruption Digest on Sep 30, 2020 11:40 am

Latin America has been perceived as the eternal promise of development given the abundant natural resources, good climate, and a growing middle class. According to the World Bank standard for income categorization, the region has been part of the world’s middle-income statistics since the 1970s.
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UAE announces candidacy for UN Security Council seat

By Anti-Corruption Digest on Sep 30, 2020 11:38 am

DUBAI: The UAE on Tuesday announced its candidacy for a two-year term on the UN Security Council in 2022-2023, the state news agency WAM said.
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Brazil reports 13,155 new coronavirus cases, 317 deaths

By Anti-Corruption Digest on Sep 30, 2020 11:37 am

BRASILIA: Brazil recorded 13,155 additional confirmed cases of the coronavirus in the past 24 hours, and 317 deaths from the disease, the Health Ministry said on Monday.
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Trump’s debt is a national security risk 

By Anti-Corruption Digest on Sep 30, 2020 11:36 am

Since the country found out in 1973 that Richard Nixon paid an absurdly low sum of money in income tax, presidential candidates have felt obliged to release their tax returns for public scrutiny. But in 2016, Donald Trump broke with that precedent, refusing to release his tax returns for spurious
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Record corporate fines don’t deter: here’s a ‘frank’ fix to make penalties bite

By Anti-Corruption Digest on Sep 30, 2020 08:28 am

All things considered, Westpac’s record A$1.3 billion fine for breaching anti-money-laundering laws could have been worse.
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Crypto Industry Responds to FATF Red Flag Report

By Anti-Corruption Digest on Sep 30, 2020 08:27 am

New guidance from the FATF has been welcomed by the crypto industry, despite the compliance challenges it presents, writes Nathan Smale at Emfarsis.
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Chinese gambling and money laundering racket

By Anti-Corruption Digest on Sep 30, 2020 08:25 am

Months after Hyderabad police busted an online betting racket via Chinese gambling Apps; it is soon going to file chargesheet against 4 accused persons.
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Blockchain analysis firm expands Asia presence

By Anti-Corruption Digest on Sep 30, 2020 08:24 am

Chainalysis is opening new offices in Tokyo and Singapore that will serve as hubs for sales, professional investigative services, and training, the blockchain analysis company announced on Twitter.
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Startup finds fintech can be held back by old suspicions 

By Anti-Corruption Digest on Sep 30, 2020 08:23 am

As the CEO of Makeba, a money transfer startup, Yamandou Alexander appreciates a paradox about his slice of the global financial technology industry.
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Britain to return stolen artefact to Iraq

By Anti-Corruption Digest on Sep 30, 2020 08:22 am

Britain is to hand back an ancient Sumerian plaque to Iraq after it was looted and smuggled out of the country and offered for auction. The artefact was seized by the Metropolitan Police after being tipped off by the British Museum.
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EU, UNODC and UNICRI launch anti-corruption and money laundering project in Libya 

By Anti-Corruption Digest on Sep 30, 2020 07:53 am

The European Union, in collaboration with the United Nations Office on Drugs and Crime (UNODC) and the United Nations Interregional Crime and Justice Research Institute (UNICRI), is launching a new project entitled “Building Libya’s National Capacity to Prevent and Combat Corruption and Money Laundering”, the EU announced yesterday.
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FinCEN Files: All you need to know about the documents leak 

By Anti-Corruption Digest on Sep 30, 2020 07:51 am

Leaked documents involving about $2tn of transactions have revealed how some of the world's biggest banks have allowed criminals to move dirty money around the world.
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NYC to fine people who refuse to wear masks as COVID-19 positive rate tops 3% for first time in months 

By Anti-Corruption Digest on Sep 30, 2020 07:43 am

New York City Mayor Bill de Blasio said Tuesday that anyone who is not wearing a face mask will be offered one, and that anyone who refuses to comply will be fined — as the positive coronavirus test rate in the city spiked above 3% for the first time in months.
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Industries for Blind and Visually Impaired pays $1.9M in fraud case

By Anti-Corruption Digest on Sep 30, 2020 07:40 am

A West Allis nonprofit that operates nationwide has agreed to pay $1.9 million to the federal government after a whistleblower exposed it for repackaging Chinese products and claiming they had been made by visually impaired Americans.
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‘Insensitive’ phishing test stirs debate over ethics of security training

By Anti-Corruption Digest on Sep 30, 2020 07:39 am

A simulated phishing email that used the false promise of company bonuses as a lure to trick employees has ignited a debate over the ethics of security awareness testing that potentially engender distrust and hard feelings.
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The MEC debacle is a predictable and avoidable governance failure

By Anti-Corruption Digest on Sep 30, 2020 07:38 am

When news broke about Mountain Equipment Co-op (MEC) being sold to an investor in the United States, the reaction among many of its 5.4 million member-owners was surprise, anger and disappointment.
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