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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


 

HSBC accused of ‘appalling moral cowardice’ over blocked Palestinian aid payments  

By Anti-Corruption Digest on Apr 30, 2020 04:21 pm

British bank HSBC has been drawn into a bruising political row amid mounting anger and concern over its decision to stop processing standing order payments to the Palestinian aid charity Interpal from next month.
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Malaysia is Looking for ex-CEO Wanted for Money Laundering

By Anti-Corruption Digest on Apr 30, 2020 04:19 pm

Malaysian authorities have on Monday asked the public as well as Interpol for help in locating the ex-CEO of Asia Media, Wong Shee Kai, commonly known as Ricky Wong, who is suspected of money laundering and terrorism financing.
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Kompli-Global & ComplyAdvantage to combat fraud and money laundering

By Anti-Corruption Digest on Apr 30, 2020 04:18 pm

London-based RegTechs Kompli-Global and ComplyAdvantage announced their partnership today with an aim to combat fraud and money laundering. Kompli-Global, recently, launched its corporate onboarding platform, Kompli-QED. The platform offers a combination of its solutions along with services provided by third-party providers.
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Bitcoin Transfers, Even within Same State Still Money Laundering

By Anti-Corruption Digest on Apr 30, 2020 04:17 pm

Earlier this month, the Ninth Circuit Court of Appeals affirmed the money laundering convictions of Thomas Costanzo, a bitcoin broker. According to Costanzo, the bitcoin transfers at issue, which originated from and were received by individuals physically located in Arizona, lacked the requisite effect on interstate commerce to support a conviction for money laundering. The Ninth Circuit rejected this argument, finding that bitcoin transfers, even those that originate and are received in the same state have a sufficient effect on interstate commerce.
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Funding boost to help problem gamblers during lockdown  

By Anti-Corruption Digest on Apr 30, 2020 04:16 pm

Millions of pounds taken from betting operators due to their regulatory failings will be used to provide help for problem gamblers during the Covid-19 crisis, the Gambling Commission has announced.
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Asia Media founder sought by Securities Commission over money laundering offences  

By Anti-Corruption Digest on Apr 30, 2020 04:15 pm

KUALA LUMPUR, April 27 — The Securities Commission (SC) has issued a call for assistance from the public to establish the whereabouts of a wanted person in connection with offences under anti-money laundering laws.
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Regulator punishes Absa Bank Kenya over anti-money laundering rule lapses  

By Anti-Corruption Digest on Apr 30, 2020 04:13 pm

NAIROBI, April 9 (Reuters) - Kenya's central bank has ordered Absa Bank Kenya to stop foreign exchange dealing between April 9 and April 15 for failing to observe anti-money laundering rules on some trades, the regulator said.
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$300m Abacha loot: Between EFCC and U.S. Senator

By Anti-Corruption Digest on Apr 30, 2020 04:12 pm

Some senior Nigerian lawyers have weighed-in on the recent altercation between the Economic and Financial Crimes Commission (EFCC), and a prominent United States of America (USA) Senator, Charles Grassley, who is the Chairman of the U.S. Senate Committee on Finance.
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What does Europe’s anti-money laundering overhaul mean for trade finance?  

By Anti-Corruption Digest on Apr 30, 2020 04:12 pm

Every licensed bank across the EU is subject to the bloc’s rules on financial crime. Designed to stop criminals moving the proceeds of crime through the financial system and to prevent terrorist groups from obtaining financing, the regime effectively positions regulated companies – including banks and other financial institutions – as gatekeepers.
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Alleged Money Laundering: Court Dismisses Maina’s Application For Bail Variation 

By Anti-Corruption Digest on Apr 30, 2020 04:10 pm

In a ruling delivered by Justice Okon Abang on Wednesday, the court held that Mr Maina failed to provide sufficient materials before it, to prove that he is unable to meet his bail conditions.
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Swiss oil traders and banks burned by Venezuela ties 

By Anti-Corruption Digest on Apr 30, 2020 04:09 pm

Several Swiss companies and banks have found themselves in the line of fire as the United States ramps up pressure on the Venezuelan government. Washington has sanctioned numerous top officials for money laundering and drug trafficking in the oil-rich but economically flailing Latin American nation.
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UAE Needs To Make “Major” Reforms To Tackle Money Laundering 

By Anti-Corruption Digest on Apr 30, 2020 04:07 pm

The world’s main anti-money laundering (AML) watchdog, the Financial Action Task Force (FATF), has said the United Arab Emirates needs to make “fundamental and major improvements” to ensure its systems are more effective.
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