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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


 

Peru’s new Congress should prioritize anti-corruption reforms

By Paul Mackessey on Feb 03, 2020 10:45 am

LIMA, Feb. 2 (Xinhua) -- Peruvian President Martin Vizcarra wants the newly-elected Congress to prioritize political and judicial reforms to combat corruption in government, according to an interview published on Sunday.
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Stop bickering and start working, anti-corruption panel told

By Paul Mackessey on Feb 03, 2020 10:43 am

Members of the House Anti-Corruption and Misconduct Committee should stop their constant bickering and start doing their job, critics say.
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Sri Lanka to probe aircraft deal after Airbus corruption settlement

By Paul Mackessey on Feb 03, 2020 10:43 am

COLOMBO – Sri Lanka’s president ordered a fresh investigation Sunday into a multi-billion dollar aircraft purchase involving the island’s loss-making national carrier, days after Airbus settled corruption probes in Europe and the U.S.
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UK Court Fine Airbus £3bn Over Bribes

By Paul Mackessey on Feb 03, 2020 10:39 am

A UK Court has a £3bn fine on Europe’s biggest aerospace company, Airbus, for paying huge bribes.
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Clean up at Zim Anti-Corruption Commission aims to recover assets of US$300m

By Paul Mackessey on Feb 03, 2020 10:38 am

The Zimbabwe Anti-Corruption Commission (ZACC) is preparing for a fresh start with the departure of its operational head, Silence Pondo.
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SEC Awards Whistleblowers Whose Information Helped Stop Fraud

By Paul Mackessey on Feb 03, 2020 10:35 am

The Securities and Exchange Commission today announced two whistleblower awards in connection with two separate enforcement actions.  Both whistleblowers provided significant information that helped the SEC shut down two separate fraudulent schemes preying on retail investors.  In the first action, the whistleblower alerted the agency to a fraudulent scheme.  The SEC awarded the whistleblower more than $277,000.  In the second action, the whistleblower, a harmed investor, provided critical information that enabled the SEC staff to recover assets that were later returned to victims.  The SEC awarded the whistleblower $45,000.
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Investment scam

By Paul Mackessey on Feb 03, 2020 10:33 am

The House committee on energy will start investigations this month into what has been described as a huge investment scam in the energy business.
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Vietnamese police fine men filmed showering while riding motorbike 

By Paul Mackessey on Feb 03, 2020 10:30 am

Two men have been fined by police after they were filmed showering while riding a motorbike in southern Vietnam, local reports say.
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Graft case against Rosmah, wife of ex-Malaysian PM Najib

By Paul Mackessey on Feb 03, 2020 10:28 am

Rosmah Mansor, wife of ex-Malaysian prime minister Najib Razak, will be in the dock today as her corruption trial relating to electricity supply for rural schools finally gets under way at the Kuala Lumpur High Court, more than a year after she was charged.
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The dilemma of ethical consumption: how much are your ethics worth to you? 

By Paul Mackessey on Feb 03, 2020 10:14 am

In the lead-up to a recent buck’s party, the group chat turned to the age-old question: will there be strippers? After some back and forth (for the record, I was opposed), the groom-to-be stepped in with the veto. “No strippers!” he declared.
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Airbus to pay record £3bn in fines for ‘endemic’ corruption

By Paul Mackessey on Feb 03, 2020 10:12 am

Airbus, Europe’s largest aerospace multinational, is to pay a record £3bn in penalties after admitting it had paid huge bribes on an “endemic” basis to land contracts in 20 countries.
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THE SECRET MIDWIFE warns the NHS is buckling under the strain and staff dare not take sick leave 

By Paul Mackessey on Feb 03, 2020 10:10 am

The ward is crazy today. I’m in charge of three women all giving birth at the same time, and I don’t know how I’m going to keep all the plates spinning. There are 44 mothers in the unit – not to mention the babies – and just six midwives to look after them, so it’s not only me who is going flat out. We all are.
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Red teams OK to push ethical limits but not on themselves

By Paul Mackessey on Feb 03, 2020 10:09 am

Wake up, make breakfast, get the kids to school, drive to work, break into the chief financial officer’s inbox and steal the entire company’s employee tax records. Maybe later you’ll grab a bagel from across the street.
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Boinnet links hotel closures to poor corporate governance 

By Paul Mackessey on Feb 03, 2020 10:05 am

The Tourism ministry has linked the latest wave of auctions and business closures that has hit the hotel industry to poor corporate governance, shrugging off claims of market saturation.
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Support for governance in Africa will level the playing field for US commercial engagement with the region

By Paul Mackessey on Feb 03, 2020 10:04 am

So many nations and international businesses, Africa is increasingly an important investment destination. In August, at the Tokyo International Conference on African Development, Japan’s private sector committed to investing $20 billion over three years in Africa. At the first Russia- Africa Summit in Sochi in last October, the Kremlin announced that $12.5 billion worth of deals were reached, although mostly in the form of memorandums of understanding. Even as Europe wrestles with Brexit, the European Union held the fifth Africa business forum in Morocco last November. And, in an effort to spur investment, the U.S. has sought to revamp its commercial engagement in Africa through the creation of the $60 billion U.S. Development Finance Corporation and a more active commercial diplomatic strategy known as Prosper Africa. The list goes on.
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U.S. could face difficulties sanctioning Danske over money-laundering

By Paul Mackessey on Feb 03, 2020 09:08 am

COPENHAGEN, Jan 31 (Reuters) - U.S. authorities could face difficulties fining Danske Bank DANSKE.CO over its involvement in suspected money-laundering in Estonia, according to a report by S&P Global Market Intelligence.
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MACC to defend its compound notices against 1MDB recipients

By Paul Mackessey on Feb 03, 2020 09:06 am

THE Malaysian Anti-Corruption Commission (MACC) will fight a legal challenge against its right to issue compounds to individuals and entities who have not return funds from 1Malaysia Development Bhd (1MDB).
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Saudi Arabia effectively combating money laundering 

By Paul Mackessey on Feb 03, 2020 09:05 am

Countries worldwide are taking strict measures to fight money laundering and terror financing. Saudi Arabia is not only at the forefront of the war on terror, it has also taken several steps to curb the flow of funds to any organization or group promoting extremist ideology.
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Why money laundering thrives on Canada’s West Coast

By Paul Mackessey on Feb 03, 2020 09:04 am

People have long been drawn to Vancouver's idyllic coastal mountain setting. The region's strong civil liberties and stable economy convince many of them to stay, and Vancouver has thrived with its diverse set of residents.
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U.S. could face difficulties sanctioning Danske over money-laundering

By Paul Mackessey on Feb 03, 2020 09:02 am

COPENHAGEN (Reuters) - U.S. authorities could face difficulties fining Danske Bank (DANSKE.CO) over its involvement in suspected money-laundering in Estonia, according to a report by S&P Global Market Intelligence.
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Ex-CEO Of San Rafael Company Convicted Of Fraud, Money Laundering

By Paul Mackessey on Feb 03, 2020 09:00 am

SAN RAFAEL, CA — The former chief executive officer of a medical device company in San Rafael has been convicted in federal court in San Francisco on wire fraud and money laundering charges in connection with a scheme to defraud his company.
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ED summons AirAsia management in 2018 money laundering probe 

By Paul Mackessey on Feb 03, 2020 08:59 am

The Enforcement Directorate issued summons to AirAsia’s senior management, including Malaysia-based CEO Tony Fernandes, on Thursday in connection with a money laundering probe that began in May 2018.
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UAE reviews plans to combat terrorism, money laundering in February 

By Paul Mackessey on Feb 03, 2020 08:58 am

The UAE has presented its plan to combat money laundering for the upcoming month of February, during a joint review meeting held by the International Financial Action Task Force, FATF.
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Peru’s opposition leader Keiko Fujimori in custody again 

By Paul Mackessey on Feb 03, 2020 08:57 am

Peru's opposition leader Keiko Fujimori has returned to prison for a new 15-month pre-trial term amid ongoing investigations into accusations of corruption and money laundering.
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UBS Europe Probed in Italy in Asset Manager Fraud Investigation: Sources 

By Paul Mackessey on Feb 03, 2020 08:54 am

MILAN — Italian prosecutors have investigated UBS Europe for possible money laundering and obstructing the work of regulators as part of a fraud inquiry into small asset manager Sofia SGR, two sources with direct knowledge of the matter said. The sources said the investigation is over, and that prosecutors are expected to bring charges and […]
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‘Malicious’ Nintendo Cheat Lands $260,000 Fine And Jail Time

By Paul Mackessey on Feb 03, 2020 08:43 am

A habitual Nintendo hacker who started fraudulently targeting the games manufacturer while still a minor has finally come unstuck. California resident Ryan Hernandez has now pled guilty to computer fraud abuse and also to downloading child pornography, after a trove of illegal images were discovered by the FBI during its Nintendo investigation.
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South Korea cracks down on fake news about spread of coronavirus 

By Paul Mackessey on Feb 03, 2020 08:40 am

Police in South Korea are investigating a rise in false rumours about the coronavirus, including a scam in which people are being asked to provide personal details in return for access to information about the spread of the disease.
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Ransomware Is the No. 1 Cyber Threat This Year. Here’s What You Can Do

By Paul Mackessey on Feb 03, 2020 08:38 am

You couldn't go a week last year without seeing a ransomware headline in the news. And it wasn't because the media paid more attention to this relative newcomer in the area of cybercrime. Ransomware attacks on businesses skyrocketed 365 percent in 2019, and all signs point to more of the same in 2020.
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Touchdown! Measuring External Cyber Posture and the NFL Hack

By Paul Mackessey on Feb 03, 2020 08:37 am

This week, sports fans reacted with disbelief when it was discovered that 15 NFL teams’ social media accounts were hacked. Those targeted included the two teams that will play in the Super Bowl LIV Championship match on February 2, the Kansas City Chiefs and the San Francisco 49ers.
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Serbia’s Independent N1 Portal Buffeted by Cyber-Attacks 

By Paul Mackessey on Feb 03, 2020 08:35 am

N1 said the latest attacks happened last Thursday when a paid DDoS strike from China hit the Serbian website twice that day.
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