Copy
Your source for international risk & compliance related news, insights, and best practices.
View this email in your browser
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


 

Ex-UAW President Charged With Corruption in Federal Probe

By Anti-Corruption Digest on Aug 28, 2020 12:13 pm

DETROIT (AP) — A former president of the United Auto Workers union was charged with corruption Thursday, accused of conspiring with his successor and others to embezzle money for golf, vacation villas and fine dining.
Read in browser »
share on Twitter Like Ex-UAW President Charged With Corruption in Federal Probe on Facebook

Covid-19 corruption — Ending the most hated type of evil 

By Anti-Corruption Digest on Aug 28, 2020 12:08 pm

JUST as the spread of the coronavirus is proving difficult to stop in countries around the world, so corruption has proven equally difficult to end worldwide over the years.
Read in browser »
share on Twitter Like Covid-19 corruption — Ending the most hated type of evil  on Facebook

Council of Europe Urges Russia to Up Anti-Corruption Efforts 

By Anti-Corruption Digest on Aug 28, 2020 12:05 pm

The Council of Europe's anti-corruption council on Tuesday urged Russia to boost efforts against graft among members of its parliament, judges and prosecutors.
Read in browser »
share on Twitter Like Council of Europe Urges Russia to Up Anti-Corruption Efforts  on Facebook

Ford remains under federal investigation regarding union corruption

By Anti-Corruption Digest on Aug 28, 2020 11:59 am

DETROIT — Ford Motor remains under federal investigation as part of a multi-year corruption probe into the United Auto Workers union, according to the lead prosecutor on the investigation.
Read in browser »
share on Twitter Like Ford remains under federal investigation regarding union corruption on Facebook

SEC’s New Whistleblower Rules: Weakening Dodd-Frank?

By Anti-Corruption Digest on Aug 28, 2020 11:54 am

After two years of debates, the U.S. Securities and Exchange Commission will finally meet and vote on new rules governing its highly successful whistleblower reward program.  The public meeting and formal vote on the proposed whistleblower rules are set for September 2, 2020.
Read in browser »
share on Twitter Like SEC’s New Whistleblower Rules: Weakening Dodd-Frank? on Facebook

Poor Corporate Governance Creates Risks at Banks Like Baoshang

By Anti-Corruption Digest on Aug 28, 2020 11:33 am

Zhou Xuedong is the leader of the Chinese government’s takeover team for Baoshang Bank, and a former director of the general office of the People’s Bank of China.
Read in browser »
share on Twitter Like Poor Corporate Governance Creates Risks at Banks Like Baoshang on Facebook

Deloitte Introduces Trustworthy AI Framework to Guide Organizations in Ethical Application of Technology in the Age of With 

By Anti-Corruption Digest on Aug 28, 2020 11:24 am

Deloitte’s recent AI in the Enterprise, 3rd Edition studyof enterprise AI adopters found that 95% of respondents have concerns about ethical risks of the technology. Further, more than 56% of study respondents agree that their organization is slowing adoption of AI technologies because of emerging risks. To help companies proactively address AI ethics and integrity, theDeloitte AI Instituteannounced its Trustworthy AI™ framework. The framework aims to guide organizations on how to apply AI responsibly and ethically within their businesses.
Read in browser »
share on Twitter Like Deloitte Introduces Trustworthy AI Framework to Guide Organizations in Ethical Application of Technology in the Age of With  on Facebook

Time to reset our ethical compass and appoint a new deputy president 

By Anti-Corruption Digest on Aug 28, 2020 11:20 am

In 2017, David Mabuza, then premier of Mpumalanga, was appointed deputy president of South Africa. Mabuza was a dark horse who had the support of camps within the ANC that were loyal to former president Jacob Zuma. However, in the ensuing years, Mabuza appears to have committed himself to his administrative duties instead of solidifying his leadership role.
Read in browser »
share on Twitter Like Time to reset our ethical compass and appoint a new deputy president  on Facebook

African Development Bank reelects Nigeria’s Adesina after controversy

By Anti-Corruption Digest on Aug 28, 2020 11:18 am

African Development Bank (AfDB) head Akinwumi Adesina was reelected on Thursday, August 27, for a second 5-year term, after a prolonged storm about governance that was resolved by an independent inquiry.
Read in browser »
share on Twitter Like African Development Bank reelects Nigeria’s Adesina after controversy on Facebook

Ethics classes for teachers are one way districts are trying to prevent abuse 

By Anti-Corruption Digest on Aug 28, 2020 11:17 am

ECTOR COUNTY, Texas — We are learning more details on how school districts here in Texas train teachers when it comes to child abuse and teacher-student relations.
Read in browser »
share on Twitter Like Ethics classes for teachers are one way districts are trying to prevent abuse  on Facebook

Banks Biggest Money Laundering Threat 

By Anti-Corruption Digest on Aug 28, 2020 08:16 am

Banks in Mexico are the most attractive to money launderers in the country, a new report has claimed. As originally reported by Mexican daily El Economista, the largest banks in Mexico—the G7—are at the most risk of being used for money laundering.
Read in browser »
share on Twitter Like Banks Biggest Money Laundering Threat  on Facebook

PHL banking sector ups defense against money laundering 

By Anti-Corruption Digest on Aug 28, 2020 08:12 am

THE Philippine banking industry is committed to investing in technology for financial crime compliance in the year ahead as most of the local financial institutions believe that artificial intelligence (AI) can help counter money laundering.
Read in browser »
share on Twitter Like PHL banking sector ups defense against money laundering  on Facebook

Trio to appear after police officers’ accounts linked to alleged R692K UIF fraud, money laundering

By Anti-Corruption Digest on Aug 28, 2020 08:07 am

Durban – Three suspects – including two SAPS sergeants – are expected to appear in the Durban Specialised Commercial Crimes Court on Tuesday for alleged fraud and money laundering worth over R692 000.
Read in browser »
share on Twitter Like Trio to appear after police officers’ accounts linked to alleged R692K UIF fraud, money laundering on Facebook

Kuwait suspends 7 judges over possible link to money laundering network

By Anti-Corruption Digest on Aug 28, 2020 08:05 am

The Supreme Judicial Council of Kuwait has suspended seven judges and referred them for investigation over their potential association to a money laundering network run by the Iranian citizen, Fuad Salehi.
Read in browser »
share on Twitter Like Kuwait suspends 7 judges over possible link to money laundering network on Facebook

Czech Republic strengthens anti-money laundering measures, but shortcomings remain

By Anti-Corruption Digest on Aug 28, 2020 08:03 am

Since the adoption of its mutual evaluation report in December 2018 the Czech Republic is reporting to MONEYVAL on an expedited timetable (MONEYVAL’s enhanced follow-up procedure) due to the high number of deficiencies identified in several key areas. The follow-up carried out by MONEYVAL has examined a range of legislative, regulatory and institutional measures implemented by the Czech Republic to address these deficiencies.
Read in browser »
share on Twitter Like Czech Republic strengthens anti-money laundering measures, but shortcomings remain on Facebook

‘Need strategic investments in redesigning anti-money laundering compliance in banking’ 

By Anti-Corruption Digest on Aug 28, 2020 08:01 am

Increased regulatory expectations and enforcing Anti-Money Laundering (AML) compliance pose key operational challenges to banks in South Asia, a new Deloitte survey on AML preparedness in South Asia has revealed.
Read in browser »
share on Twitter Like ‘Need strategic investments in redesigning anti-money laundering compliance in banking’  on Facebook

Banks need to overhaul anti-money laundering mechanism

By Anti-Corruption Digest on Aug 28, 2020 07:59 am

Banks and financial institutions across South Asia need to redesign their processes to deal with cases of money laundering even as they are facing increased challenges in meeting heightened regulatory expectations, consultancy firm Deloitte said in its latest South Asia Anti-Money Laundering Preparedness Survey.
Read in browser »
share on Twitter Like Banks need to overhaul anti-money laundering mechanism on Facebook

Bitcoin exchanges might soon share money laundering data in the UK

By Anti-Corruption Digest on Aug 28, 2020 07:56 am

In the latest proposal concerning Bitcoin and crypto businesses, the UK’s top financial regulator, the Financial Conduct Authority, said all firms would be compelled to share reports on potential money laundering.
Read in browser »
share on Twitter Like Bitcoin exchanges might soon share money laundering data in the UK on Facebook

FCA eyes extending money laundering obligations for digital currency firms

By Anti-Corruption Digest on Aug 28, 2020 07:54 am

New proposals from the U.K.’s financial regulator could see more firms required to report on managing the risks of financial crimes, in a move likely to impact digital currency firms based in the country.
Read in browser »
share on Twitter Like FCA eyes extending money laundering obligations for digital currency firms on Facebook

Hacking Cyber Space

By Anti-Corruption Digest on Aug 28, 2020 07:40 am

Today satellites provide basic communications—from personal phone calls to televised events. So it's not too surprising that hackers are turning their attention toward this "Final Frontier." Talks and events at Black Hat USA 2020 and DEF CON 28 held earlier this month highlight the urgent need to secure basic satellite systems.
Read in browser »
share on Twitter Like Hacking Cyber Space on Facebook

TikTok CEO quits following backlash from US president 

By Anti-Corruption Digest on Aug 28, 2020 07:36 am

Former Disney executive Kevin Mayer was hired as a CEO of TikTok back in mid-May, and he is already stepping down. In a memo to employees, quoted by CNN Business, he details the reasoning behind the move less than four months after being appointed into the position.
Read in browser »
share on Twitter Like TikTok CEO quits following backlash from US president  on Facebook

Cyber Attacks on Schools: How to Protect Schools from Ransomware

By Anti-Corruption Digest on Aug 28, 2020 07:34 am

The first day of classes at Ponca City Public Schools in Oklahoma was set to start last Wednesday. Then they had a change of plans: A ransomware attack hit the school district’s servers the weekend before, pushing them to delay their opening to August 24.
Read in browser »
share on Twitter Like Cyber Attacks on Schools: How to Protect Schools from Ransomware on Facebook

DDoS at New Zealand’s stock exchange. Flash alert warns of GoldenSpy. Hacker mercenaries. Thailand cracks down on social media.

By Anti-Corruption Digest on Aug 28, 2020 07:32 am

NZX Ltd, operator of New Zealand’s stock exchange, halted trading for a few hours yesterday as it sustained a cyberattack. Reuters reports that it was the second such attack the exchange had suffered in as many days. According to Security Brief, the incident was a distributed denial-of-service (DDoS) attack, specifically a “volumetric distributed denial of service attack from offshore.” The attack remains under investigation.
Read in browser »
share on Twitter Like DDoS at New Zealand’s stock exchange. Flash alert warns of GoldenSpy. Hacker mercenaries. Thailand cracks down on social media. on Facebook

US Cyber Forces Go Hunting for Election Trouble 

By Anti-Corruption Digest on Aug 28, 2020 07:26 am

U.S. forces are taking an aggressive approach in cyberspace ahead of November’s presidential election, aiming to wipe out threats from foreign countries and other actors before they have a chance to disrupt voting or other critical, election-related systems.
Read in browser »
share on Twitter Like US Cyber Forces Go Hunting for Election Trouble  on Facebook

Cyber attack halts New Zealand stock market 

By Anti-Corruption Digest on Aug 28, 2020 07:23 am

Cyber attacks forced New Zealand’s stock exchange to halt trading Thursday for the third time in as many days, its operator said Thursday, just as the country’s corporate reporting season gets underway.
Read in browser »
share on Twitter Like Cyber attack halts New Zealand stock market  on Facebook

COVID-19 threats are the single largest security threat in the first half of 2020

By Anti-Corruption Digest on Aug 28, 2020 07:01 am

COVID-19 related threats as the single largest type of threat in the first half of the year, according to a report by Trend Micro Incorporated. In just six months, Trend Micro blocked 8.8 million COVID-19 related threats, nearly 92% of which were spam delivered via emails. 
Read in browser »
share on Twitter Like COVID-19 threats are the single largest security threat in the first half of 2020 on Facebook

COVID-19 and Terrorism in the Southern Philippines

By Anti-Corruption Digest on Aug 28, 2020 06:59 am

Continued skirmishes between the Philippines government and Islamic State-affiliated terrorist groups in the months since the COVID-19 pandemic suggest that the terror threat in the country has not receded. The latest twin bombing  in Jolo city on August 24 is yet more proof. Ongoing terror
Read in browser »
share on Twitter Like COVID-19 and Terrorism in the Southern Philippines on Facebook

Alibaba puts India investment plan on hold amid China tensions

By Anti-Corruption Digest on Aug 28, 2020 06:58 am

NEW DELHI/HONG KONG: China's Alibaba Group has put on hold plans to invest in Indian companies, two sources aware of the plans told Reuters, amid souring business relations and rising political tension between the two nations after a clash on their Himalayan border.
Read in browser »
share on Twitter Like Alibaba puts India investment plan on hold amid China tensions on Facebook

Russian cybercrime suspect arrested in $1m ransomware conspiracy 

By Anti-Corruption Digest on Aug 28, 2020 06:54 am

When we write about network-wide ransomware attacks where a whole company is blackmailed in one go, two burning questions immediately come up:
Read in browser »
share on Twitter Like Russian cybercrime suspect arrested in $1m ransomware conspiracy  on Facebook

Israel’s accord with United Arab Emirates an opportunity to unlock progress on wider Middle East peace efforts

By Anti-Corruption Digest on Aug 28, 2020 06:53 am

In his monthly briefing, UN Special Coordinator for the Middle East Peace Process Nikolay Mladenov said the Secretary-General had welcomed the agreement reached between Israel and the United Arab Emirates that normalizes relations between the two countries and stops Israel’s plans to annex parts of the occupied West Bank.
Read in browser »
share on Twitter Like Israel’s accord with United Arab Emirates an opportunity to unlock progress on wider Middle East peace efforts on Facebook


 

Click Here to Read More Anti-Corruption Stories
 

Submit Your Story

 



 
Copyright © 2020 Anti-Corruption DIgest, All rights reserved.


Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list

Email Marketing Powered by Mailchimp