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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


 

Philippines challenges China, vows to keep Western powers in South China Sea

By Anti-Corruption Digest on Sep 23, 2020 12:42 pm

‘We believe…that the freedom of the Filipino people depends on the balance of power in the South China Sea to the exclusion of no other great power in the world,’ says Foreign Secretary Teodoro Locsin Jr
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How Chinese Corruption Spreads Misery Abroad 

By Anti-Corruption Digest on Sep 23, 2020 08:51 am

Over the past few weeks, several regions in southern, eastern, and central China have experienced torrential rains and large-scale flooding. Affected regions include Hubei province, where Wuhan (the epicenter of the ongoing COVID-19 pandemic) is located.
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HSBC: What Happened After It Promised To Get Clean

By Anti-Corruption Digest on Sep 23, 2020 08:50 am

HSBC, Europe’s largest bank, had just been caught allowing a network of drug kingpins, including the notorious Joaquín “El Chapo” Guzmán, to launder more than $880 million through its accounts. And it had brazenly done business in off-limits countries such as Sudan and Myanmar.
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Actress tells of regret after Dh10,000 Covid fine for Dubai restaurant video 

By Anti-Corruption Digest on Sep 23, 2020 08:48 am

A television actress who was detained for flouting Covid-19 safety measures told of her regret after being hit with a Dh10,000 fine.
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Chinese tycoon and Xi Jinping critic Ren Zhiqiang jailed for 18 years for corruption

By Anti-Corruption Digest on Sep 23, 2020 08:47 am

BEIJING: Chinese real estate tycoon and outspoken critic of President Xi Jinping was jailed for 18 years on Tuesday (Sep 22) for "corruption, bribery and embezzlement of public funds", a court statement said.
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3 types of corruption that have found their way into everyday life in South Africa 

By Anti-Corruption Digest on Sep 23, 2020 08:45 am

Civil society group Corruption Watch has published its latest corruption trends report based on accounts it has received from the start of the year until the end of June.
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Corruption pushing South Africa towards becoming a failed state

By Anti-Corruption Digest on Sep 23, 2020 08:45 am

Corruption has become so overwhelming in South Africa that some in our midst have given up reading newspapers or watching TV. Coupled with the other criminal acts and unemployment, we are such a depressed society in South Africa that we tend to ask each other whether we are a failed state or not, without bothering to check what constitutes a failed state.
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Good governance, sustainability shift urged for Latin America 

By Anti-Corruption Digest on Sep 23, 2020 08:28 am

In the mid-1990s, Eastern Europe (as it emerged from being part of the Soviet bloc) and Latin America had an almost identical GDP per capita of about 27 percent that of the United States.
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Clinical trials: Finding a cure for Africa by Africans 

By Anti-Corruption Digest on Sep 23, 2020 08:26 am

Despite these challenges, South Africa and Egypt are among the countries which have begun clinical trials of possible vaccines. Others are Brazil, the USA, and the UK.
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PLDT, Smart Bolster UNGC Commitment to Good Governance and Ethics 

By Anti-Corruption Digest on Sep 23, 2020 08:25 am

PLDT Inc. (PLDT) and Smart Communications, Inc. (Smart) were among the companies recognized at the 75th session of the United Nations General Assembly (UNGA 75) in New York for supporting the organization’s call for international cooperation, specifically in aspects concerning good governance and ethical business practices.
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Implications Of Brexit For Corporate Governance And Compliance 

By Anti-Corruption Digest on Sep 23, 2020 08:24 am

On 31 December 2020, the transition period between the UK and the EU will come to an end and EU law will cease to apply to the UK. While much of the focus of Brexit planning to date has quite rightly been on the impact of the UK's departure for supply chains, customs readiness and VAT/tax registrations, the expiry of the transition period will also have some corporate compliance implications for UK registered companies operating in Ireland and Irish companies with UK connections which may not have received the same level of attention.
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Making sense of new corporate sustainability pledges

By Anti-Corruption Digest on Sep 23, 2020 08:22 am

Giant corporations that make sustainability pledges have long faced justified skepticism over greenwashing, but several recent moves look somewhat more "green" and less "washy."
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SEC Awards $2.4 Million to Anonymous Whistleblower

By Anti-Corruption Digest on Sep 23, 2020 08:20 am

Today, the Securities and Exchange Commission (SEC) issued a whistleblower award of $2.4 million to an individual whose reporting led to an investigation that stopped ongoing fraud and misconduct.
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The world is losing the money laundering fight

By Anti-Corruption Digest on Sep 23, 2020 07:45 am

In a year-long investigation by BuzzFeed and the International Consortium of Investigative Journalists, reporters pored over about 2100 suspicious activity reports, or SARs, which lenders file to the US Treasury's Financial Crimes Enforcement Network (FinCEN) when they spot potential money laundering and other bad behaviour.
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Leaked Treasury Documents Prompt Fresh Calls for Updated Anti-Money-Laundering Regulations 

By Anti-Corruption Digest on Sep 23, 2020 07:43 am

A leak of U.S. Treasury Department records on red-flagged financial transactions underscores a message that national security officials, banks and regulators have been sending for more than a decade: Anti-money-laundering rules need to be updated to better disrupt illicit cash flows.
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Belfast mailbox address used by account holder in Russian money-laundering scheme

By Anti-Corruption Digest on Sep 23, 2020 07:41 am

A mailbox address in Belfast was used by one of the account holders in a Russian money-laundering network that processed hundreds of millions of US dollars, according to a leaked report seen by The Irish Times.
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AMLC seeks swift resolution of money laundering cases

By Anti-Corruption Digest on Sep 23, 2020 07:39 am

MANILA, Philippines — The Anti-Money Laundering Council (AMLC) is pushing for the swift resolution of administrative cases of money laundering and terrorism financing in the country by imposing lower penalties or fines on violators who immediately take steps to correct such violations.
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With money laundering red flags going up, football clubs may have to step up

By Anti-Corruption Digest on Sep 23, 2020 07:39 am

Football clubs will have to step up internal controls amid growing attention to criminal activity in sports by anti-money laundering agencies.
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HSBC’s shares slide to 25-year low amid money laundering claims

By Anti-Corruption Digest on Sep 23, 2020 07:34 am

HSBC’s shares fell to their lowest level in 25 years on Monday as the bank faced allegations of money laundering and concerns about its ability to expand in Asia amid the fallout from the Covid-19 pandemic.
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Africa: U.S. Treasury Department Abandoned Major Money Laundering Case Against Dubai Gold Company 

By Anti-Corruption Digest on Sep 23, 2020 07:33 am

After three years of digging, investigators in the United States had accumulated a mountain of evidence that they believed sealed the case against Kaloti Jewellery Group, one of the largest gold traders and refiners in the world.
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Bank shares slide on report of rampant money laundering

By Anti-Corruption Digest on Sep 23, 2020 07:32 am

The financial sector was hit hard Monday following a report alleging that a number of banks, JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon among them, have continued to profit from illicit dealings with disreputable people and criminal networks despite previous warnings from regulators.
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Detect fake profiles on social media networks

By Anti-Corruption Digest on Sep 23, 2020 07:05 am

With social media and digital engagement becoming increasingly popular, marketing and sales teams are investing heavily in growing their digital footprint to drive brand and generate revenues. Fake social media accounts too are posing as the original brand, to steal your hard-earned followers and destroy customer loyalty and create distrust.
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Anglicare hit by ransomware

By Anti-Corruption Digest on Sep 23, 2020 07:05 am

Anglicare Sydney has been hit by a ransomware attack that saw attackers exfiltrate 17GB of data.
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Call Of Duty Accounts Hacked? Activision Denies Any Compromise

By Anti-Corruption Digest on Sep 23, 2020 07:04 am

According to reports, more than 500,000 Activision accounts may have been hacked with login data compromised. The eSports site Dexerto has reported that a data breach occurred on Sunday, September 20. The credentials to access these accounts are, Dexerto said, being leaked publicly, and account details changed to prevent easy recovery by the rightful owners. Activision accounts are mostly used by players of the hugely popular Call of Duty franchise. Several eSports and gaming accounts on Twitter have also reported the suspected breach. The first was @Okami, founder of Respawnable, who tweeted, "It's legit," adding that players should change their account passwords immediately.
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Nearly 7 lakh cyber attacks in 2020, IT Ministry tells Parliament 

By Anti-Corruption Digest on Sep 23, 2020 07:02 am

The Ministry of Electronics and Information Technology (MeITY) told the Parliament on Monday that Indian citizens, commercial and legal entities faced almost 7 lakh cyber attacks till August this year.
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Egypt and UAE push to be ‘pillars of stability’ in Middle East 

By Anti-Corruption Digest on Sep 23, 2020 07:01 am

Egyptian Foreign Minister Sameh Shoukry has called for the international community to confront terrorism that “seeks to dismantle national states,” Al Ain News online reported. His comments at the UN were addressed to the global community, urging security and peace.
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Balancing Between Giants: Latin-America’s International Cybersecurity Position 

By Anti-Corruption Digest on Sep 23, 2020 06:59 am

Latin American states have benefited from regional cooperation to improve their cybersecurity but are not leveraging this cooperation for issues of international peace and stability in cyberspace. This paper examines the region’s international role and balancing exercise.
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Cyber threat to disrupt start of university term 

By Anti-Corruption Digest on Sep 23, 2020 06:58 am

Universities and colleges are being warned by the UK's cyber-security agency that rising numbers of cyber-attacks are threatening to disrupt the start of term.
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Are Covid test QR codes a security risk? 

By Anti-Corruption Digest on Sep 23, 2020 06:49 am

The CEO of British technology company VST Enterprises Ltd (VSTE) has warned the UK Government of potential serious flaws in the security of personal data used in the contact tracing app announced by Secretary of State for Health Matt Hancock.
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Book analyses how terrorist organisations recruit children for their cause 

By Anti-Corruption Digest on Sep 23, 2020 06:48 am

In the past, children were mostly banned from active participation in wars. But that changed in the 20th century, when children were used in national and colonial liberation conflicts, write Mia Bloom and John Horgan of Georgia State University in their book “Small arms. Children and terrorism”. In the past 20 years, the number of child soldiers and children in armed organisations, gangs and guerrilla groups has grown massively. Children are also increasingly being used directly in armed struggle.
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