The new home of the FCPA Newswire edited by Mike Kenealy
Macau’s landmark casino cryptocurrency offer reveals ties to ‘Broken Tooth’ Koi
Wan Kuok Koi, the former leader of the notorious 14K Triad, is reportedly cashing in on the cryptocurrency craze.
Featured Articles
Japan’s casino industry could offer lifeline to fading Yakuza
Casino operator Las Vegas Sands trotted out Posh Spice’s husband in a bid to impress the Japanese public on Sands’ ability to build the finest zig-a-zig-ah casino in the land (of the rising sun).
The Trouble With Corporate Compliance Programs
Multinational corporations spend millions of dollars per year on compliance. In highly regulated industries such as health care and finance, large companies spend much more, sometimes hiring hundreds or even thousands of compliance officers at a time.1 Siemens AG reportedly spent more than $1 billion on an internal investigation related to a government inquiry into the company’s payment of foreign bribes.2 But the costs are not just financial. Compliance programs are aimed at eliminating the time-consuming and distracting regulatory and legal processes that accompany ethical failures.
Anti-Corruption
Investor reports losing £100,000 in a ‘Barclays bond’ fraud, but weeks later the criminal is still active
This case of fraud is alarming because it shows how brilliantly a conman can use the internet to lend credibility to his claims.
Kobe Steel: A scandal made in Japan
Kobe Steel, Japan’s third-largest steelmaker, has admitted it faked data about the strength of products delivered to more than 200 … Read More
Airbus Boss Willing to Resign If Needed
Tom Enders, head of airplane maker Airbus, is willing to resign if it is necessary to clear up corruption investigations and allegations.
Whistleblowing – A Potent Weapon Against Corruption
During his October 1 national broadcast, President Muhammadu Buhari once again highlighted the Whistle-Blower Policy as one of the … Read More
US banks to introduce new anti-fraud measures after Equifax hack
US banks are stepping up anti-fraud controls after the data breach at credit checking group Equifax put about half the country’s … Read More
French probe Danske Bank link to alleged Russian fraud
Danske Bank is under investigation in a French court on suspicions that its Estonian unit was used to launder part of the proceeds of … Read More
The opioid epidemic: How Congress and drug company lobbyists worked to neutralize the DEA
In April 2016, at the height of the deadliest drug epidemic in U.S. history, Congress effectively stripped the Drug Enforcement … Read More
Looking to Buy Hot Bank Stocks? Don’t Ignore Corporate Governance
Third-quarter earnings season has kicked off for the banking sector, with reports on Thursday and Friday from Citigroup (C – Get … Read More
S Korea’s ‘chaebol sniper’ takes aim at lax corporate governance
South Korea’s top anti-trust watchdog has pledged to bring “irreversible, sustainable” changes to the country’s corporate landscape, in Read More
Ethics and financial services
Sir, – The ongoing issue of homeowners moved off their tracker mortgages unjustly continues to erode confidence in the banking sector. … Read More
Is India Inc ready to raise the corporate governance bar?
AUDIT COMMITTEE For rewards, get execution right The Uday Kotak committee has further enhanced the role and responsibilities of … Read More
A Closer Look at ISO37001 – Something Old or Something New? (Part I of V) – Corruption, Crime & Compliance
The release of ISO 37001 has triggered an important discussion among legal and compliance professionals. In a five-part series, I plan … Read More
Anti-Money Laundering
France charges Danske Bank in money laundering case
A French court, Tribunal de Grande Instance de Paris, has charged the bank in connection with money laundering via the bank’s Estonian … Read More
Weinstein Co. president linked to felon’s money laundering case
David Glasser has been Harvey Weinstein’s right-hand man for the better part of a decade. Now, after Weinstein’s spectacular downfall … Read More
Third man nabbed in money laundering ring
A third Sydney man has been charged over an alleged multi-million dollar money laundering ring after $3.6 million in cash and a pistol … Read More
BlackRock CEO: Bitcoin is an index of money laundering
Larry Fink, CEO of the investment management company BlackRock, hammered bitcoin on Friday.
Worcester businessman pleads guilty to money laundering
WORCESTER – A convicted felon who used illicit drug proceeds to buy two restaurants in the city and other properties changed his pleato Read More
Proceedings at UK tribunal over alleged violations of anti-money laundering rules
Myjoyonline.com has chanced upon the proceedings of Wednesday’s hearing at the UK tribunal determining a case of possible violations of Read More
Cyber Risk
The era of cyber attacks: AI’s role in cyber insurance
On the heels of the WannaCry cyber attack and the Petya ransomware strike, a recent data breach at a major U.S. credit reporting firm … Read More
Cyber-fraud warning
Consumers have been urged to be alert for scam phone calls, texts and emails claiming to be from their bank, other trusted companies or Read More
N. Korea stole cyber tools from NSA, carried out WannaCry ransomware attack
The head of Microsoft accused North Korea of carrying out the WannaCry cyberattack which crippled 200,000 computers in 150 countries … Read More
Iran to blame for cyber-attack on MPs’ emails
Iran is being blamed for a cyber-attack in June on the email accounts of dozens of MPs, according to an unpublished assessment by … Read More
Neustar Research Reveals 92 Per Cent Of Organisations Attacked With DDoS Just Once Suffer Theft
Neustar, Inc., a trusted, neutral provider of real-time information services, today released its bi-annual Global DDoS Attacks and … Read More
The World Once Laughed at North Korean Cyberpower. No More.
When North Korean hackers tried to steal $1 billion from the New York Federal Reserve last year, only a spelling error stopped them. … Read More
Security Risks
Security bolstered at Christmas markets amid fears of Berlin-style terror attack
Christmas markets will be protected by “rings of steel” this year as security is bolstered at events across Britain to prevent … Read More
New security laws threaten civil liberties
The decision by state and territory leaders at the recent Council of Australian Governments (COAG) meeting to give the federal … Read More
6 horrors from the Equifax CEO’s congressional hearing
It was all on display at a Tuesday Congressional hearing, in which lawmakers questioned Equifax’s former CEO Richard Smith in an … Read More
Can you tell a bug from a bot?
Malware, literally, is a software that’s bad. It sneaks into your system, steals your personal data, deletes files and can even disable Read More
Arrest at LaGuardia Airport disrupts travel
NEW YORK: A 70-year-old passenger who was arrested at New York’s LaGuardia Airport after authorities say he threatened a ticket agent … Read More
Data breach at 41 Hyatt hotels compromises payment card information of customers
Between March and July of this year, suspected hackers were able to access payment card information for customers at several Hyatt … Read More
North America
Corruption cases show health-benefits fraud out of control
This year’s federal investigation into public employee prescription benefits fraud in South Jersey has yielded a steady stream of … Read More
US banks to introduce new anti-fraud measures after Equifax hack
US banks are stepping up anti-fraud controls after the data breach at credit checking group Equifax put about half the country’s … Read More
North Carolina Tar Heels recruit Nassir Little, father deny FBI allegations
Five-star prospect Nassir Little, whose recruitment by the University of Miami was called into question after the school and … Read More
Tesla fired hundreds of employees in past week
Luxury electric vehicle maker Tesla Inc fired about 400 employees this week, including associates, team leaders and supervisors, a … Read More
JP Morgan turns bullish on John Wood Group PLC as it praises Amec Foster Wheeler acquisition
JP Morgan reckons John Wood Group PLC’s (LON:WG.) acquisition of Amec Foster Wheeler will help the oilfield services (OFS) company to … Read More
Police warning of mail scam: Thieves stealing checks from bills in mailboxes
WESTFIELD – Westfield Police are warning people of a mail scam that has happened here and in surrounding communities.
Latin America
IMF calls on Latin America to fight corruption
WASHINGTON: Latin American and Caribbean governments need to crack down on corruption in order to make their economies more durable andRead More
Peru: Keiko Fujimori Testifies in Odebrecht Corruption Case
The leader of the Popular Force, the strongest party in Congress, has spoken to the commission investigating her alleged implication in Read More
Guatemala Revokes Visa of Head of UN-Backed Anti-Corruption Body
GUATEMALA CITY – Guatemala’s Foreign Ministry revoked on Tuesday the visa of the head of the United Nations-backed International … Read More
Brazil intervenes in fraud-hit Postalis pension fund
BRASILIA, Oct 4 (Reuters) – Brazil’s pension oversight body Previc ordered a 180-day intervention in Postalis Instituto de Previdência … Read More
Florida immigration officer gets 4 years for taking bribe
MIAMI (AP) — A Florida immigration officer has been sentenced to four years in prison for taking a bribe from a woman he accused of … Read More
Half of All Mexicans Paid a Bribe in the Previous 12 Months
Corruption – bending the rules of government in exchange for favours or bribes – is a worldwide problem. It is certainly not limited to Read More
Asia
S.Korean court extends detention of ex-president Park over corruption charges
SEOUL, Oct. 13 (Xinhua) — A South Korean court on Friday decided to extend the detention of impeached President Park Geun-hye who has … Read More
China expels former justice minister from party for graft
BEIJING (REUTERS) – A former Chinese justice minister has been expelled from the ruling Communist Party following an investigation by … Read More
China′s corruption ′tiger hunt′ – A political weapon for Xi Jinping?
Since Xi Jinping became General Secretary of the Communist Party of China (CPC) in 2012 and took over the reins of the country, the … Read More
Malaysia: Cops nab fifth suspect in low-cost housing fraud probe
KUALA LUMPUR, Oct 13 ― The Royal Malaysian Police detained a local man to facilitate investigations into a low-cost housing scam … Read More
Bangladesh chief justice is accused of corruption as he departs country
DHAKA – Bangladesh’s chief justice has been accused of serious crimes, including corruption, by the country’s government, it emerged … Read More
Australia defender Jurman suspended for ‘bribe’ gesture
Suwon Bluewings centre back Jurman approached Jeonbuk Motors’ Lee Dong-gook and “rubbed his fingers together” as the veteran striker … Read More
Europe
Football club in cash crisis after criminals carry out £750,000 fraud
Hamilton Academical’s directors called in the police and their bankers after realising the sum – believed to be £750,000 – was missing … Read More
Italian police seize villa in World Cup corruption probe
ROME, ITALY – PSG chairman and beIN Media chief Nasser al-Khelaifi faced new accusations Friday as Italian police seized a villa in … Read More
British equestrianism under investigation for alleged corruption, bullying and elitism
Alleged corruption, bullying and elitism at the top of British equestrianism was under investigation on Friday night following the … Read More
French probe Danske Bank link to alleged Russian fraud
Danske Bank is under investigation in a French court on suspicions that its Estonian unit was used to launder part of the proceeds of … Read More
Airbus CEO says won’t cling to job amid bribery probes
FRANKFURT (AFP) – Airbus CEO Tom Enders told a German newspaper he was prepared to step down if he was “no longer part of the … Read More
Why Is Ukraine Attacking Anti-Corruption Activists?
This wasn’t a random occurrence. As part of an ongoing harassment campaign against anti-corruption activists over the last several … Read More
Middle East
Middle East : Erdoğan’s Turkey Seven “Deadly Sins”
Under President Recep Tayyip Erdoğan, Turkey has intervened and formed alliances with a rogue’s gallery of imperial warlords, … Read More
Suspicion of football corruption shows limits of Qatar’s ‘soft power’
The announcement that Swiss officials are investigating Qatar’s Nasser al-Khelaifi and a former senior FIFA executive on allegations … Read More
Why the UAE is leading the charge into Africa
With its abounding natural resources, vast expanses of arable land, and evolving infrastructure, the African continent arguably … Read More
Saudi Arabia cracks down on corruption
RIYADH: Saudi Arabia has progressed 18 points in the control of corruption indicator 2016, which the World Bank issued last week, … Read More
Top Suez governorate official arrested on bribery charges
Egypt’s Administrative Control Authority (ACA) said Saturday that a Suez governorate official was arrested while receiving a bribe for … Read More
Israeli opposition leaders call for Iran sanctions but no pullout from nuke deal
Israeli opposition leaders on Saturday called for further sanctions on Iran to punish Tehran for its support of terror, but said the US Read More
Africa
S Africa court allows corruption prosecution of Zuma
South Africa’s Supreme Court of Appeal has ruled that President Jacob Zuma can face prosecution over almost 800 charges of corruption … Read More
CSNAC Condemns Zuma’s Visit To Nigeria
A non-governmental group, Civil Society Network Against Corruption (CSNAC), has condemned South African President Jacob Zuma’s visit to Read More
SA Supreme Court upholds reinstating corruption charges against Zuma
South Africa’s Supreme Court of Appeal on Friday upheld a High Court ruling to reinstate hundreds of corruption charges filed against … Read More
Cape Town couple in court for R18m Sars fraud
Cape Town – A Cape Town couple have appeared in court in the city on charged of allegedly defrauding the South African Receiver of … Read More
PSG chairman Nasser al-Khelaifi accused of World Cup bribe
The chairman of high-spending Paris Saint-Germain and the powerful sports broadcaster beIN, both owned by Qatar state funds, has been … Read More
Blue-chip firms risk damage as South African corruption scandal spreads
A far-reaching corruption scandal in South Africa that led to the collapse of UK public relations giant Bell Pottinger is now damaging … 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.
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