The new home of the FCPA Newswire edited by Mike Kenealy
Brazil Car Wash graft probe widens to include U.S., Greek firms
RIO DE JANEIRO (Reuters) – Brazilian authorities widened their Car Wash graft probe on Friday to include more international targets, ensnaring U.S. asphalt maker Sargeant Marine, six Greek shipping companies and a former Brazilian congressman.
Mafia, organised crime and corruption in the public sector
The latest podcast from Victoria’s Independent Broad-based Anti-corruption Commission on corruption trends and prevention reveals how organised crime, including Italian mafias, are applying old business models to corrupt public administration, and how the public sector might respond to these threats.
Featured Articles
China says no to gambling, sex in latest overseas investment crackdown
Chinese businessmen may no longer bet on the sex and gambling industries after Beijing laid down new rules against “irrational” overseas investments.
Corporate Governance And The Behavior Gap
When I entered institutional investing, I believed this buttoned-down world would be different – at least from the retail space.
Anti-Corruption
KPMG’s South Africa bosses purged over Gupta scandal
JOHANNESBURG (Reuters) – Global auditor KPMG cleared out its South African leadership en masse on Friday after damning findings from an Read More
KPMG denies any dodgy dealings in controversial Gupta coal deal
Auditing firm KPMG has distanced itself from potentially questionable practices in the Gupta family’s controversial multi-billion rand … Read More
U.S. Sues Former Deutsche Bank Trading Executive Over Role in Mortgage Fraud
US authorities today filed fraud charges against the former Deutsche Bank head of subprime trading, alleging that he sold investors … Read More
FTC probes Equifax, top Democrat likens it to Enron
WASHINGTON (Reuters) – The U.S. Federal Trade Commission said on Thursday it was investigating Equifax Inc’s massive data breach, and a Read More
Is this the end of South Korea’s ‘Samsung Republic’?
The billionaire heir-apparent to South Korea’s largest family-owned conglomerate or chaebol, Samsung Electronics, has been jailed for … Read More
Mauritius Attorney General Quits Over Money-Laundering Probe
Yerrigadoo quit at Jugnauth’s request to “ensure the investigation is conducted in a transparent manner,” the premier told reporters … Read More
Governance and Ethic
North Korea’s missile test a defiant response to sanctions
North Korea’s provocative missile test over Japan this morning sends a defiant message to the rest of the world – your sanctions don’t … Read More
Ethics must be ‘front and centre’ as non-executives check financial reports
Non-executive directors must place ethics “front and centre” of their efforts to make sure financial reports present a true and fair … Read More
How Well Are Your Peers Doing in Supply Chain CSR?
If you’re a small or medium-sized construction company, congratulations! Chances are you’re doing pretty well in your supply chain … Read More
Board intervention: corporate governance and the proactive board
Boards are supposed to provide governance and oversight of strategy and activities pursued by senior management. But the approach they … Read More
The COSO ERM Framework – Compliance Report
The COSO Enterprise Risk Management (ERM) Framework was released last week. It provides an excellent structure for compliance … Read More
Infantino punched again as ethics guru Weiler blows whistle on political manipulation
September 14 – At FIFA they come like buses, you wait for one and another follows right behind. No sooner had sacked former chairman of Read More
Anti-Money Laundering
Mauritius Attorney General Quits Over Money-Laundering Probe
Yerrigadoo quit at Jugnauth’s request to “ensure the investigation is conducted in a transparent manner,” the premier told reporters … Read More
UBS France referred to the tribunal for harassment on two whistleblowers
The bank UBS France has been referred to criminal court for moral harassment of two whistleblowers, to origin of revelations on … Read More
Australian regulator says deposits not affected by CBA money-laundering case
Reuters. FILE PHOTO – A Commonwealth Bank of Australia logo adorns the wall of a branch in Sydney, Australia
Action against shell companies: I-T Dept, MCA to share companies’ PAN, audit reports
The income tax department and the ministry of corporate affairs (MCA) have signed a pact to regularly share data, including PAN and … Read More
Bitcoin is a fraud that will blow up, says JP Morgan boss
Bitcoin is a fraud that will ultimately blow up, according to JP Morgan boss Jamie Dimon, who said the digital currency was only fit … Read More
Malta generates too few suspicious transaction reports, Europol says
It is a stark discovery that in a market of over 500 million people, 65% of suspicious transaction reports to European financial … Read More
Cyber Risk
Mark Zuckerberg’s Russia Problem Is Bigger Than Facebook
Facebook, which initially rejected claims that it enabled the spread of misinformation during the presidential race, is now a central … Read More
Digital India, ransomware, and the rise of cyber threats in the country
India is making a quantum leap into the digital realm by integrating the entire nation in the digital fabric.
Central Banks Can’t Ignore the Cryptocurrency Boom
The boom in cryptocurrencies and their underlying technology is becoming too big for central banks, long the guardian of official … Read More
This cyber security expert predicts a top global bank will suffer an Equifax scale hack
A leading global bank will suffer a hack of the size and severity experienced by Equifax at some point, the founder of the most highly … Read More
Proportion of cyber crimes in Singapore growing
SINGAPORE — Cyber crimes nearly doubled in proportion between 2014 and last year, rising from 7.9 per cent to 13.7 per cent of all … Read More
Hacking for the government: Germany opens ZITiS cyber surveillance agency
Interior Minister Thomas de Maiziere opened a new cybersecurity agency in Munich on Thursday as part of a centralized attempt to tackle Read More
Security Risks
How to stay safe from online scams in Singapore
Online scams in Singapore are on the rise. Internet love scams, Binary Options scams, and email impersonation scams are cheating more … Read More
How to freeze your credit to protect your identity
Consumers affected by the Equifax data breach are scrambling for ways to protect their financial lives. Some are considering Equifax’s … Read More
Security researchers warn of ‘airborne’ IoT malware
Security researchers at Armis Labs have discovered a number of Bluetooth vulnerabilities that could affect millions of IoT devices … Read More
Synthetic Identity Theft Cybercrime Is Growing
A new type of credit card fraud is emerging, dubbed “synthetic identity theft.” In instances of synthetic identity theft, … Read More
Equifax data breach: Hackers exploited flaw experts flagged in March
SAN FRANCISCO — Hackers took advantage of an Equifax security vulnerability two months after an industry group discovered the coding … Read More
ATM users warned to be alert
An elderly Centurion man is still traumatised after he was robbed at a local ATM after withdrawing cash.
North America
US government sued over warrantless phone and laptop border searches
Eleven plaintiffs have banded together to sue the Department of Homeland Security with the help of the Electronic Frontier Foundation … Read More
US prepares more North Korea sanctions, targets Chinese banks
WASHINGTON — The U.S. plans to expand its own sanctions against North Korea to supplement measures adopted by the United Nations this … Read More
The head of Ontario’s Amazon bid says province won’t offer billions in grants
TORONTO — The man heading up Ontario’s effort to lure Amazon to the province said Thursday that while the province would consider … Read More
DoJ revising policy on US white-collar crime prosecutions
The US Department of Justice is revising its policy on prosecuting white-collar crime, calling into question its commitment to the … Read More
Justice Department Warns of Disaster Fraud After Irma, Harvey
WASHINGTON (Reuters) – The U.S. Justice Department has received more than 400 fraud complaints involving relief aid after Hurricanes … Read More
JPMorgan calls Bitcoin ‘fraud’ only for use by criminals and North Koreans
Bitcoin is little more than a “fraud” which will eventually blow up in the faces of traders, according to JPMorgan Chase CEO Jamie Dimon.
Latin America
Braskem to pay pension fund, others $10 million from lawsuit related to Petrobras corruption
Petrochemical giant Braskem agreed to pay $10 million to a group of investors led by the $8.2 billion Boilermaker-Blacksmith National … Read More
On Corruption, They Still Don’t Get It
If you were a Mexican attorney general allegedly hiding your Ferrari from tax authorities, a former Brazilian minister trying … Read More
New Witness Strengthens Odebrecht Corruption Case against Ecuador’s Vice President
New evidence has emerged tying Ecuador Vice President Jorge Glas to the corruption case involving Brazilian construction company … Read More
Odebrecht Bribery Probes Continue Around the World
Just how far did the bribery tentacles of Brazilian construction giant Odebrecht reach? The company has admitted paying $788 million in Read More
Braskem, Investors Strike $10M Deal In Corruption Suits
Petrochemical firm Braskem SA reached a $10 million deal in New York federal court Thursday with investors who accused the company of … Read More
Colombian Prosecutors to Investigate Senator for Alleged Corruption
The Attorney General’s Office in Colombia has asked the Supreme Court to investigate Senator Musa Besaile’s involvement in alleged … Read More
Asia
Financial corruption in China, US are two sides of the same coin
In late 2012, China’s President Xi Jinping launched a “war on corruption.” The campaign promised to purge the country and the Communist Read More
High Court sets aside director’s jail term for corruption
The High Court has set aside a company director’s five-week jail term for graft and fined him $35,000, ruling that the prison term was … Read More
Asia could find itself locked in a new cold war if the North Korean nuclear crisis escalates
Almost seven decades since the end of Korean war, the world is once again on the edge of an abyss. Recent months have witnessed a … Read More
How to stay safe from online scams in Singapore
Online scams in Singapore are on the rise. Internet love scams, Binary Options scams, and email impersonation scams are cheating more … Read More
Moon Jae-in’s tricky mission to tame Korea Inc
SEOUL: The five nightclub workers cowered in the shadows as they were set upon by two dozen thugs.
Vietnam’s Conservatives Purge Former PM Dungs Allies
Going into the Vietnam Communist Party’s 12th Congress in January last year, outsiders could perceive an epic contest between reformers Read More
Europe
The Mafia and the migrants
ROME — I spotted them on my way to dinner with a friend near Castel Gandolfo. They are migrants from Africa, sitting by the side of the Read More
Private companies aid maritime policing
Gambia is negotiating deals with three private companies to crack down on rampant illegal fishing in its territorial waters, a senior … Read More
The UK and US may soon step in to stop corruption in SA
Look, as South Africans, we know our country is full of corruption, from politicians to many big companies, it’s not good, especially … Read More
France and Merck say reformulated Euthyrox is safe
Euthyrox has been prescribed to treat thyroid conditions –including hypothyroidism – for decades and is used by around three million … Read More
Merkel and Schulz must face up to Germany’s blind spot on corporate corruption
Angela Merkel appears odds-on to return to power as Germans go to the polls on September 24, either in coalition with the liberal Free … Read More
Ukraine’s Poroshenko suggests IMF-backed anti-graft court will take time
KIEV (Reuters) – Ukrainian President Petro Poroshenko on Friday said he hoped an anti-corruption chamber would be created next month, … Read More
Middle East
Saudi Arabia rejects call for independent UN probe into Yemen
Saudi Arabia has insisted the time is not right for an independent international inquiry into the war in Yemen, despite growing … Read More
Iraqi farmers fight against imported goods, corruption
BAGHDAD — The Tureibil crossing, or more commonly known as the Karameh border crossing, between Jordan and Iraq reopened in early … Read More
Court imprisons senior State Council official for lifetime over corruption charges
Cairo Criminal Court on Wednesday convicted a senior official from the State Council, deposed him from his post, sentenced him to 25 … Read More
S.I. couple accused of fraud after receiving more than $750K in Sandy relief
Nagwa Elsilimy and Ahmed Arafa, both 59, fraudulently obtained federal aid totaling more than $750,000 after filing applications with … Read More
PressTV-Benjamin Netanyahu corruption investigation
On this episode of the Sun Will Rise, we discuss Prime Minister Benjamin Netanyahu’s investigation, what that means for the … Read More
Pentagon spending $2 billion running Soviet-era guns to Syrian rebels
The U.S. Department of Defense is reportedly still funneling billions of dollars’ worth of Soviet-era weaponry to anti-Islamic State … Read More
Africa
KPMG’s South Africa bosses purged over Gupta scandal
JOHANNESBURG (Reuters) – Global auditor KPMG cleared out its South African leadership en masse on Friday after damning findings from an Read More
All State officers to sign anti-graft code
The Ethics and Anti-Corruption Commission wants all State officers to sign and commit to a leadership and integrity code before … Read More
Why Nigeria needs Sagay in fight against corruption
When President Muhammadu Buhari, renowned for his integrity and anti-corruption stance, appointed a professor of law and civil rights … Read More
Businessman in dock for R24m school tender fraud
Port Elizabeth – A Durban man made a brief appearance in the Port Elizabeth Commercial Crimes Court on Friday, facing charges of fraud … Read More
Disguised Uganda minister catches corrupt hospital workers
KAMPALA, Uganda – Uganda’s health minister disguised herself as a patient and caught two medical workers demanding a bribe for free … Read More
Tunisians march against corruption amnesty
Tunis – Hundreds of Tunisians protested on Saturday in the streets of the capital against a widely contested new law that grants … Read More
About Anti-Corruption Digest
Anti-Corruption Digest is your source for international risk and compliance related news, insights and best practices. Anti Corruption Digest features various corporate compliance issues such as money laundering, business ethics, government ethics, compliance, and cyber risks from around the world. Anti-Corruption Digest is the new home of the Foreign Corrupt Practices Act (FCPA) Newswire edited by Mike Kenealy. Follow us on Social Media.
Read more: Anti-Corruption Digest International Risk & Compliance News http://anticorruptiondigest.com/#ixzz4t099N7xz
Share this:
Discover more from #News247WorldPress
Subscribe to get the latest posts sent to your email.