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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


 

Malaysian court dismisses Grab’s appeal to review $20.9m fine

By Paul Mackessey on Mar 11, 2020 02:32 am

Malaysia’s High Court yesterday dismissed Grab’s request to review the proposed decision of Malaysia Competition Commission (MyCC) back in October 2019 to fine the ride-hailing giant US$20.9 million for abusing its dominant position to prevent drivers from “promoting and providing advertising services for its competitors.”
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In Central Europe, a stereotype of corruption breaks 

By Paul Mackessey on Mar 11, 2020 02:31 am

One stereotype of people in Europe’s former communist countries is that they still see personal connections and political favoritism as necessary for success in life. Merit and honesty come a distant second. This image was dealt a blow in the Feb. 29 parliamentary elections in Slovakia (which was once half of Czechoslovakia). An anti-corruption party came out on top, riding a wave of demands for openness, equality, and rule of law in government.
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Glenn Greenwald writing book on Brazilian politics 

By Paul Mackessey on Mar 11, 2020 02:31 am

NEW YORK (AP) — Award-winning journalist Glenn Greenwald is working on a book about his reporting on corruption in Brazilian politics that led to threats of retaliation from the government of President Jair Bolsonaro.
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Iraqi Anti-terrorism Chief Turns Eyes Towards Combating Graft

By Paul Mackessey on Mar 11, 2020 02:27 am

The head of an elite Iraqi counter-terrorism force declared that his unit would be best purposed fighting corruption, but an expert claims this may be an uphill battle.
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Power and Money in Japanese Politics

By Paul Mackessey on Mar 11, 2020 02:26 am

In Japanese politics, bribery and corruption occur from time to time. In a recent case, Tsukasa Akimoto, an up-from-the ranks Diet member of the Liberal Democratic Party (LDP) and former state minister in the Cabinet Office in charge of integrated resorts businesses, including the introduction of casinos to Japan, was arrested on December 25, 2019 for suspected receipt of a 3.7 million yen (about $33,610) bribe from a Chinese gambling company, 500.com.
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Save the Children report reminds us that good governance is everyone’s responsibility 

By Paul Mackessey on Mar 11, 2020 02:05 am

The report published by the Charity Commission last week concerning the way in which Save the Children handled allegations of sexual harassment and inappropriate behaviour is a stark reminder of what’s at stake when important, but often overlooked, governance processes are not in place or properly implemented.
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Organisations urged to make apprenticeship part of corporate policy 

By Paul Mackessey on Mar 11, 2020 02:04 am

Mr Victor Asante, the Chief Executive Officer of FBN Bank Ghana Limited, has urged corporate organisations and universities to fully integrate apprenticeship into their programmes to build the skills of the county’s human resource.
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Mexican Football Leagues Have No Sanctions Against Family Violence 

By Paul Mackessey on Mar 11, 2020 02:02 am

Cases of domestic violence in professional leagues in the United States have no sanction. The Mexican football code of ethics does not include or discuss the violence of any kind.
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Demonizing Wall Street

By Paul Mackessey on Mar 11, 2020 02:01 am

Progressive rhetoric increasingly equates the business model of Wall Street with fraud, particularly as national elections draw near. The demonization of Wall Street is a common activity of the progressive left, a tactic designed to convince followers that the time has come to tame the id of big business. Indeed, it is difficult to recall a more dramatic crescendo of anti-corporate invectives from progressives in recent history. In Wall Street and Progressivism, we argue that this kind of wholesale dismissal and condemnation of the private sector produces real casualties. We first observe that this rhetoric is, quite remarkably, disconnected from serious reforms to ensure corporate accountability. Proposed legislation is very long on rhetoric though equally short on theoretical and empirical support. This is true in spite of a history of progressivism that embraced legislative reforms that are grounded in science and evidence.
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Why Some Americans Don’t Trust the Census 

By Paul Mackessey on Mar 11, 2020 01:59 am

More than 4 million Americans may not be represented in the upcoming 2020 census.
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S.African president cleared of graft accusations

By Paul Mackessey on Mar 11, 2020 01:57 am

Johannesburg (AFP) - A South African court on Tuesday ruled in favour of President Cyril Ramaphosa in a probe of suspected money laundering and personal enrichment linked to his 2017 party leadership election campaign fund.
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Money laundering lair 

By Paul Mackessey on Mar 11, 2020 01:50 am

Sen. Richard Gordon’s recent exposé on millions of dollars from China suspiciously entering the country did not come as a surprise to administration officials, especially the economic team and the Anti-Money Laundering Council (AMLC).
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Illicit Cash Act Contains Anti-Money Laundering Provisions for International Whistleblower Rewards 

By Paul Mackessey on Mar 11, 2020 01:47 am

A bipartisan bill pending in Congress, the Illicit Cash Act, is making news for its anti-money laundering provisions.
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Feds hit ex-U.S. Bancorp exec with $450,000 money-laundering fine

By Paul Mackessey on Mar 11, 2020 01:46 am

WASHINGTON - The U.S. government on Wednesday said it has hit a former risk officer at a subsidiary of U.S. Bancorp with a $450,000 civil penalty for his role in failing to prevent violations of the U.S. anti-money laundering law.
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POGOs lack compliance with anti-money laundering measures

By Paul Mackessey on Mar 11, 2020 01:38 am

Philippine Offshore Gaming Operators (POGO) lack compliance with measures against money laundering, the Anti-Money Laundering Council (AMLC) said on Tuesday.
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South African Court Clears Ramaphosa of Misleading Parliament, Money-Laundering Alleged by Graft Watchdog

By Paul Mackessey on Mar 11, 2020 01:37 am

JOHANNESBURG (REUTERS) - South Africa's High Court on Tuesday cleared President Cyril Ramaphosa of lying to parliament about the source of donations to his 2017 campaign to lead the ruling party, setting aside a potentially damaging report by a powerful anti-graft watchdog.
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Ex-PPMC boss’ wife, others arraigned for money laundering

By Paul Mackessey on Mar 11, 2020 01:35 am

Mrs. Ochuko Okor Momoh, wife of a former Managing Director of the Pipelines and Products Marketing Company (PPMC), Haruna Momoh, was arraigned on Monday in Abuja on money laundering charges.
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Bitcoin doesn’t launder money, Mr. Mnuchin. Money launderers do. 

By Paul Mackessey on Mar 11, 2020 01:34 am

Treasury Secretary Steven Mnuchin resurrected long-simmering frustrations in the cryptocurrency world when he recently told the Senate Finance Committee his agency’s investigative arm will soon introduce stricter regulations around digital currencies to help expose “secret” accounts and other nefarious activities.
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Parliament initially approves bill on amending anti-money laundering law 

By Paul Mackessey on Mar 11, 2020 01:33 am

CAIRO, March 8 (MENA) - The House of Representatives, headed by its Speaker Ali Abdel Aal, initially approved a draft law, submitted by the government, to amend some provisions of law no.80/2002 on anti-money laundering.
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Workshop on new typologies of money laundering and terrorist financing 

By Paul Mackessey on Mar 11, 2020 01:32 am

A workshop on new trends of money laundering and terrorist financing (ML/FT) took place from 4 to 5 March 2020 in Tunis for the benefit of the Tunisian Financial Analysis Committee (CTAF), the National Commission for Combating Terrorism (CNLCT), the National Anti-Corruption Authority (INLUCC), the General Directorate of Customs, the Security Pole against Terrorism and Organised Crime, as well as the Ministry of the Interior (Anti-Terrorism Directorate).
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Ex-CIA Coder Gets Mistrial on 8 Counts Tied to ‘Vault 7’ Leak

By Paul Mackessey on Mar 11, 2020 01:24 am

MANHATTAN (CN) — A federal judge declared a mistrial Monday on the most serious charges against the ex-CIA coder accused of giving WikiLeaks the agency’s confidential cyber-espionage tools in the Vault 7 leak.
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Cathay Pacific fined £500,000 after “brute force” data breach 

By Paul Mackessey on Mar 11, 2020 01:22 am

The U.K.'s Information Commissioner’s Office (ICO) imposed the fine, saying that between October 2014 and May 2018, the airline’s computer systems did not have “appropriate security measures” to protect customer data.
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Can your company afford to be a cyber victim? 

By Paul Mackessey on Mar 11, 2020 01:21 am

It’ll never happen to us. How many organizations view cybersecurity as a box-ticking exercise while kidding themselves they will never be the target of hackers? 
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Digital Container Shipping Association publishes cyber security guidelines 

By Paul Mackessey on Mar 11, 2020 01:20 am

The Digital Container Shipping Association (UDCSA) today published its guidelines for the box shipping sector to comply with the forthcoming International Maritime Organization’s (IMO) anti-cyber crime legislation.
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New government cyber unit set to crack down on coronavirus fake news

By Paul Mackessey on Mar 11, 2020 01:19 am

The UK government has created a new cyber team in an effort to crack down on the spread of fake news regarding the recent coronavirus outbreak on social media platforms.
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Tech-savvy Johnstone High pupils aim to hack it as cyber security experts 

By Paul Mackessey on Mar 11, 2020 01:18 am

The school is one of just six across the country to be chosen for the Skills Development Scotland initiative, which aims to raise awareness about careers in cyber security.
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CREST receives $1.4M grant to help build cyber security capacity in Africa and Asia to help increase safe access to digital financial services for the poor

By Paul Mackessey on Mar 11, 2020 01:16 am

CREST, the not-for-profit accreditation and certification body for the technical security industry, has received a grant of $1.4 million from the Bill & Melinda Gates Foundation to help increase cyber security capacity in Nigeria, Uganda, Tanzania, Kenya, Ethiopia, Pakistan, Bangladesh and Indonesia. Robust growth, adoption and usage of digital financial services by the poor can help provide the means to participate in the formal financial sector, capture income generating opportunities and smooth consumption through savings and other financial products. The growing reliance on digital infrastructure and increasing sophistication of threat actors requires significant attention and investment in managing cyber risk.
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Arlo and Blink cameras are boosting security to beat hackers 

By Paul Mackessey on Mar 11, 2020 01:07 am

Owners of both Arlo and Blink camera systems have been notified recently of required changes to their accounts meant to enhance security. Arlo users will be required to turn on two-factor authentication by the end of the year, while Amazon’s Blink is still taking baby steps towards enabling 2FA. The changes follow the much-publicized hacking of Amazon’s Ring security cameras in December that allowed strangers to peer into homes and harass occupants.
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2019 Global Food Security Index: Ghana places 3rd in Africa

By Paul Mackessey on Mar 11, 2020 01:03 am

The Economic Intelligence Unit (EIU) in its 2019 Global Food Security Index (GFSI) ranked Ghana 59th out of 113 countries in its 2019 index report.
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Here’s The Worst Places To Travel Because Of The COVID-19 Coronavirus Outbreak 

By Paul Mackessey on Mar 11, 2020 01:01 am

Topline: As the number of coronavirus cases surpasses 110,000 people worldwide, with more reported daily, the federal government has issued a number of travel advisories⁠—here’s where to avoid, and where it’s probably okay to visit:
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