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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


 

Police launch homicide inquiry after German hospital hack 

By Anti-Corruption Digest on Sep 25, 2020 07:44 am

Hackers disabled computer systems at Düsseldorf University Hospital and the patient died while doctors attempted to transfer her to another hospital.
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Acesso Digital raises $108M, Daltrey announces funding to scale biometric security business 

By Anti-Corruption Digest on Sep 25, 2020 07:39 am

Brazilian digital identity authentication provider Acesso Digital has raised 580 million reals (US$108 million) in a Series B funding round to build on the recent growth of its facial biometrics and other solutions and increase its customer base.
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Welcome to the era of the smart ‘cyber-bandage’ 

By Anti-Corruption Digest on Sep 25, 2020 07:30 am

Bandages, dressings, whatever you want to call thems are an important part of healing a wound properly, and they’ve been used through the ages, even since ancient Egyptian times.
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NBI lawyer, brother BI officer face raps for asking P200,000 from BI officer tagged in ‘pastillas’ scheme

By Anti-Corruption Digest on Sep 25, 2020 07:16 am

NBI legal assistance bureau chief Atty. Joshua Paul Capiral and his brother, BI officer Christopher John Caapiral were presented for inquest before the DOJ on Wednesday morning for robbery/extortion in violation of the Revised Penal Code (RPC); violating Republic Act 3019, the Anti-Graft and Corrupt Practices Act;
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Westpac’s record $1.3 billion AUSTRAC money laundering fine explained 

By Anti-Corruption Digest on Sep 25, 2020 07:13 am

Westpac has agreed to pay the largest fine in Australian corporate history — a $1.3 billion civil penalty for more than 23 million breaches of anti-money laundering laws.
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Dangerous Chinese counterfeit goods are pouring into America, here’s how we stop it

By Anti-Corruption Digest on Sep 25, 2020 07:12 am

Every month, under the flag of Operation Mega Flex, U.S. Customs and Border Protection (CBP) does an enhanced inspection of small parcels arriving, primarily, from China.
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#InstaHack: Instagram security risk revealed – is your phone safe? 

By Anti-Corruption Digest on Sep 25, 2020 07:09 am

Israeli cybersecurity firm Check Point reported on Thursday that was able to locate a significant security breach on Instagram that allows a third party to assume control over the personal phone of the user. A massively popular social media application with roughly a billion monthly users, the possible damage a security breach – an #InstaHack – could cause is enormous.
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Simon Fraser University suffered ransomware attack last spring

By Anti-Corruption Digest on Sep 25, 2020 06:59 am

A ransomware attack last spring at Simon Fraser University (SFU) reportedly compromised the personal information of about 250,000 students, faculty and alumni. The bad actors breached a database that contained the personal information of every person who joined the school before June 20, 2019.
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Most UK Firms Admit #COVID19 Cloud Security Threat 

By Anti-Corruption Digest on Sep 25, 2020 06:57 am

Most UK firms are set to increase digital adoption after admitting that the cloud saved their business from collapse during the early months of the COVID-19 crisis, but security remains a persistent challenge, according to new research.
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Western arms exports fuel conflict in Middle East, North Africa 

By Anti-Corruption Digest on Sep 25, 2020 06:53 am

Over the past five years, Western countries' exports made up the bulk of weapons delivered to the Middle East and North Africa, according to a report published this week by the Washington-based Center for International Policy (CIP).
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China’s national security and carbon-neutral target 

By Anti-Corruption Digest on Sep 25, 2020 06:52 am

China will adopt more vigorous policies to ensure carbon dioxide emissions peak before 2030, and carbon neutrality is achieved before 2060, President Xi Jinping told the United Nations.
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UAE, Israeli cyber chiefs discuss joining forces to combat common threats

By Anti-Corruption Digest on Sep 25, 2020 06:49 am

DUBAI/JERUSALEM (Reuters) - The United Arab Emirates and Israel share threats to their national online networks, the Israeli cyber-security chief said on Thursday in a rare public discussion of potential cooperation with his counterpart following the normalisation of relations.
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For Brazil’s Bolsonaro, China-U.S. Rivalry Is a Challenge and an Opportunity

By Anti-Corruption Digest on Sep 25, 2020 06:42 am

President Jair Bolsonaro assumed office in 2019 with the goal of aligning Brazil’s foreign policy with Western democracies and ending the economic dependence on China that grew markedly under his predecessors in the left-wing Workers’ Party. In his presidential campaign, Bolsonaro positioned himself as a candidate of the right, speaking out against “socialism” and “communism,” with pointed references to neighboring Venezuela, and openly identified with the right-wing populist message of U.S. President Donald Trump.
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The Corruption of the Word 

By Anti-Corruption Digest on Sep 24, 2020 06:16 am

In a chapter on liars and lying in his Essays, Michel de Montaigne draws distinctions between truth and its opposite. There is not only the distinction “betwixt an untruth and a lie, and say that to tell an untruth is to tell a thing that is false, but that we ourselves believe to be true.” There is also the distinction between forms of lying and of telling the truth: “If falsehood had, like truth, but one face only, we should be upon better terms; for we should then take for certain the
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JPMorgan set to pay nearly US$1 billion in spoofing penalty

By Anti-Corruption Digest on Sep 24, 2020 06:14 am

NEW YORK: JPMorgan Chase & Co is set to pay nearly US$1 billion to resolve market manipulation investigations by US authorities into its trading of metals futures and Treasury securities, a person familiar with the situation said on Wednesday.
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HSBC moved vast sums of dirty money after paying record laundering fine 

By Anti-Corruption Digest on Sep 24, 2020 06:13 am

In March 2014, three men kidnapped Reynaldo Pacheco and bludgeoned his head with rocks, leaving the 44-year-old father of a young daughter dead in a creek bed in California’s Napa County. Local authorities determined that his murder was a consequence of an investment fraud that targeted low-income Latino and Asian immigrants around the world.
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Chinese Property Tycoon Ren Zhiqiang Sentenced to 18-Year in Corruption Case 

By Anti-Corruption Digest on Sep 24, 2020 06:11 am

A court in Beijing Tuesday gave Chinese property tycoon Ren Zhiqiang, who once referred to China’s top leader, Xi Jinping, as a “clown,” an 18-year prison sentence and a fine of $620,000 after finding him guilty of corruption, bribery, embezzlement of public funds and abuse of power as an executive of a state-owned enterprise.
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Police corruption is becoming a pandemic too 

By Anti-Corruption Digest on Sep 24, 2020 06:08 am

When the COVID-19 pandemic began, countries imposed curfews, roadblocks, and mandatory quarantines to slow the spread of the virus.
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Corruption Watch sees whistle-blower reports spike during pandemic

By Anti-Corruption Digest on Sep 24, 2020 06:05 am

Bribery, brutality and abuse of power are some of the key trends uncovered within the police service in the latest analysis published by Corruption Watch.
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CFP Board Is Now Enforcing New Code of Ethics and Standards of Conduct

By Anti-Corruption Digest on Sep 24, 2020 05:48 am

The Certified Financial Planner Board of Standards began enforcing its new Code of Ethics and Standards of Conduct on June 30, 2020. This means a CFP is obligated to act as a fiduciary and in the best interest of his or her client at all times when providing financial planning or advice.
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Outspoken Tanzanian lawyer Fatma Karume disbarred for malpractice 

By Anti-Corruption Digest on Sep 24, 2020 05:45 am

Tanzanian lawyer and former president of the mainland bar association Fatma Karume has been removed from the roll of advocates, meaning she can no longer practice law.
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Good governance in the rough in SA

By Anti-Corruption Digest on Sep 24, 2020 05:44 am

In this first feature on environmental compliance and good governance, I discuss the broad implications for golf of the term “governance” with Alistair Collier, whose legal background is eclectic.
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Can ethics classes actually influence students’ moral behavior?

By Anti-Corruption Digest on Sep 24, 2020 05:43 am

A research team led by a philosopher at the University of California, Riverside, has conducted the first controlled study aiming to discover whether such a correlation exists using direct observational data rather than self-reported information.
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The Importance of a Separate Board Compliance Committee 

By Anti-Corruption Digest on Sep 24, 2020 05:41 am

Watching the compliance industry and advocating for the compliance profession can be frustrating.  Corporate boards and senior management know the importance of committing to a culture of compliance.  To accomplish that task requires focus, determination and commitment.
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Whistleblower protected for disclosure of improper conduct

By Anti-Corruption Digest on Sep 24, 2020 05:38 am

LETTERS: I refer to 'Company deputy director charged with sacking whistleblower who exposed him', dated September 18, 2020, where a senior official at Education Malaysia Global Services was charged under the Whistleblower Protection Act 2010 for taking action against an employee who exposed his improper conduct to the Malaysian Anti-Corruption Commission (MACC).
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Inside scandal-rocked Danske Estonia and the shell-company ‘factories’ that served it 

By Anti-Corruption Digest on Sep 24, 2020 04:55 am

The Estonian banker was frantic: A whistleblower inside the bank suspected nine anonymous companies — all registered in the United Kingdom — of serious financial crimes and was threatening to go to authorities.
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HSBC: Not Much Further To Fall 

By Anti-Corruption Digest on Sep 24, 2020 04:51 am

Asia-focused bank HSBC (HSBC) has been hit by yet more bad news, this time in the shape of money laundering allegations. The shares have fallen in response. That is set against a general backdrop of share price decline for the name, which may continue as the economy deteriorates further. However, at this stage, I expect the shares to bottom and start a recovery. While I do not like the company as an investment option, for readers who are eyeing it, I think it is
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The World Is Losing the Money Laundering Fight

By Anti-Corruption Digest on Sep 24, 2020 04:49 am

We’ve just had the closest look yet at the global battle against money laundering, and it’s deeply troubling: Banks and their regulators are nowhere near restraining the flow of trillions of dollars of illicit funds.
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Money Laundering From Banks How Does It Affect Bitcoin? 

By Anti-Corruption Digest on Sep 24, 2020 04:47 am

Some of the world’s largest banks, including JPMorgan Chase, HSBC, and Deutsche Bank, allowed criminals to launder about $ 2 trillion (£ 1.5 trillion) of badly obtained money from 1999 to 2017, according to leaked FinCEN files. The investigation was conducted by 109 media outlets, together with the International Consortium of Investigative Journalists (ICIJ).
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Maltese police arrest former prime minister’s chief of staff in money laundering probe

By Anti-Corruption Digest on Sep 24, 2020 04:46 am

Police in Malta have arrested the country’s former top government adviser, Keith Schembri, and his auditor, Brian Tonna, following an inquiry into alleged kickbacks from passport sales to wealthy Russians, according to local newspaper reports.
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