Philippine AMLC to issue casino regulatory framework next month
The Philippine Anti-Money Laundering Council (AMLC) will issue a casino regulatory framework by the third week of October, according to the Manila Bulletin.
Featured Articles
Exploring the’Bullshit Castle’
This is a story of a global company. About its secrets. It is the story of a corrupt corporation.
Airbus Corruption Scandal: 80 Million Euro Severance Package
In France, Jean-Paul Gut is a legend. As head of strategy and marketing, he played a key role in the success of Airbus and its rise to the second largest aircraft manufacturer in the world behind Boeing. Gut was the company’s go-to man when it came to brokering deals, with Airbus sending him in when negotiations with clients had stalled. Especially when the stakes were high – when billion-dollar-deals involving dozens of aircraft were on the table. How exactly he did what he did was his secret. Even now, his profile on LinkedIn describes him as a man of “great discretion.”
Anti-Corruption
Ex-HSBC forex trader loses extradition case over US fraud charges
One of HSBC’s former top currency traders can be extradited to face fraud charges in New York, a UK court has ruled, only days after … Read More
RBS Reaches $35M Settlement for RMBS Fraud Suit
Based on a release from the District of Connecticut’s U.S. Attorney’s Office, the Royal Bank of Scotland (RBS) has agreed to pay a … Read More
John Kapoor indicted in US-wide opioid conspiracy
A billionaire pharmaceutical entrepreneur was arrested and charged with fraud and racketeering for his alleged part in an opioid … Read More
Petron to file corruption charges vs PNOC president
MANILA, Philippines – Petron Corporation executives, led by tycoon Ramon Ang, will file corruption charges against Philippine National … Read More
Imran declares war on corruption mafia
MANDI BAHAUDDIN: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan Sunday said that the nation was being pushed into poverty due to … Read More
Tesco Bengaluru builds a fraud prevention platform for online businesses
Tesco Bengaluru, the technology centre for UK-based retailer Tesco, has developed a data analytics-based fraud preventionplatform for … Read More
Governance and Ethics
Harnessing digitization to power up governance in Asean
As Asean celebrates 50 years of its establishment this year, one of its key achievements has been the formation of the Asean Economic … Read More
Morneau sees no conflict with C-27, despite ethics watchdog’s concerns
OTTAWA – Finance Minister Bill Morneau says he doesn’t think he has anything to worry about with his sponsorship of a pension bill, … Read More
Good corporate governance key to addressing growing NPLs
The Central Bank has said untrained staff in the banking sector and the high cost of borrowing are major causes of rising loan default.
MLB Drops the Ball on Discipline – Compliance Report
Back again for another weekend World Series report. Unfortunately, Game 4 was a loss for the hometown heroes. The Dodgers bats finally … Read More
Investors pass the buck on governance
Does corporate governance matter? Or, to be more precise, do investors really care about it? This is a question that I have been … Read More
Episode 8 – The Critical Importance of Beneficial Ownership to Compliance – Corruption, Crime & Compliance
In the aftermath of the Panama Papers scandal and increased focus on shell companies and hidden ownership interests, US enforcement and Read More
Aussie gov’t claims billions of punters’ dollars laundered in Vietnam, Philippines
Brisbane Times reported that Australia’s Black Economy Taskforce (BET) has sounded the alarm bells that illegal bookies based in Asia … Read More
Bitcoin Low Risk For Money Laundering, High For Cybercrime
A recent report from the UK Treasury regarding monetary policy in the country has been released, providing a summary of analysis over a Read More
International Money Laundering
In a case where the verdict symbolized more than the fines and punishment it meted out, lawyers are touting a French court ruling as a … Read More
Cyprus defends reputation on Russia money laundering
Cyprus has defended its reputation on money laundering after a British MP called for its international rating to be downgraded.
Bitcoin Flagged As Money Laundering In Taiwan
Taiwan is the latest country to make comments about bitcoin regulation, according to news from Reuters.
Gaming Corporation responds to allegations of money laundering at River Rock Casino
After weeks of talks around money laundering in casinos – especially around the River Rock Casino in Richmond – the Great Canadian … Read More
PURE Insurance Launches Industry-Leading Fraud and Cyber Fraud Coverage for High Net Worth Families
WHITE PLAINS, N.Y., Oct. 24, 2017 /PRNewswire/ — The PURE Group of Insurance Companies, which includes Privilege Underwriters … Read More
Don’t fall prey to the cyber-fakers
“Fake news” is a scourge of the digital age — and online fakers could be costing British consumers £2.6bn a year.
WannaCry ransomware: Hospitals were warned to patch system to protect against cyber-attack
The National Health Service (NHS) was left vulnerable to the WannaCry ransomware attackbecause, despite local health trusts being … Read More
UK security minister blames North Korea for NHS hack
North Korea has been publicly blamed by the UK’s Security Minister for the WannaCry cyber attack which hit the NHS.
With the advancements in Cyber Security, Hackers and DDoS are more Prevalent than ever
2016 has had its fair share of record-setting cyberattacks and security breaches emphasizing how much the security landscape has … Read More
Should FBI Use Foreign Surveillance Data Without a Warrant?
In a case like this, the FBI might query databases containing foreign intelligence collected overseas. An agent might learn nothing or … Read More
Security Risks
Hackers target security researchers with malware-laden document
State-backed hackers are apparently targeting security researchers with their latest campaign, which uses a document advertising a … Read More
Queen security threat: Heathrow launches probe after Queen’s security details FOUND
The USB stick – containing 76 folders with maps, videos and documents – was not encrypted and did not require a password.
Alarming Rise in Cyber-Threats to Trigger Deployment of Data Center Physical Security
Brooklyn, NY — (SBWIRE) — 10/30/2017 — Qyresearchreports.com has added a new report to its research repository. The report is … Read More
Easy Ways To Keep Your Debit Card Safe
The other issue is that there’s a much shorter window of time (just two days!) for cardholders to report a suspicious transaction made … Read More
Training Afghan soldiers exposes the US to a huge risk
Washington is a factory for dumb ideas, but taking the cake may be a US-based military training program for Afghan soldiers that not … Read More
Terror threat as Heathrow Airport security files found dumped in the street
Heathrow chiefs are reeling after a memory stick crammed with confidential information was found in the street – posing “a risk to … Read More
North America
Corruption In The US Finance Industry Can Give India A Run For Its Money
Oligarchs from outside the United States typically take their money out of their countries to resettle it in New York or … Read More
For US Employers Operating in Mexico, Anti-Corruption Compliance Now is a Multi-Jurisdictional Obligation
For several decades, US employers operating in Mexico (or anywhere else around the globe, for that matter) have been subject to – and, … Read More
Ex-Trump aide Manafort charged with US tax fraud over Ukraine work
The 12 charges brought against Mr Manafort and one of his business associates, Rick Gates, include conspiracy to launder money.
Ex-HSBC forex trader loses extradition case over US fraud charges
One of HSBC’s former top currency traders can be extradited to face fraud charges in New York, a UK court has ruled, only days after … Read More
Insys Founder Resigns From Board After Charges in U.S. Opioid Bribe Case
The billionaire founder of Insys Therapeutics Inc, John Kapoor, has resigned from the company’s board of directors, Insys said in a … Read More
Day trader made $700,000 in a scheme targeting hacked online brokerage accounts
Add online brokerage accounts to the list of things that can be hacked for gain.
Latin America
Head of Puerto Rico Electrical Workers’ Union Demands Corruption Probe of Whitefish Energy Contract
Democracy Now! has just returned from Puerto Rico, where we interviewed Ángel Figueroa Jaramillo, head of the Puerto Rico electrical … Read More
Mexican anger over corruption deepens – but will politicians change their ways?
Over the past year, Mexico’s ruling party has been embroiled in a string of scandals, including accusations of wild overspending in … Read More
Brazil’s Congress rejects corruption case against President Temer
The corruption case, involving the payment of bribes by meatpacker JBS SA (JBSS3.SA), had paralyzed Temer’s reform agenda for six … Read More
Former Guatemala leader Otto Pérez Molina to face trial
The scandal prompted unprecedented mass street protests in Guatemala in 2015.
Argentina’s Ex-President Kirchner Loses and Wins in Senatorial Elections
Former President Cristina Fernández de Kirchner won a senatorial seat for the Buenos Aires province during Argentina’s October 22 … Read More
Ex-Guatemalan Judge Gets 8 Months in FIFA Corruption Scandal
A former official with the international soccer governing body FIFA was sentenced Wednesday to eight months in federal prison for wire … Read More
Asia
Jack Lam to be charged with Philippines bribery
Chinese casino entrepreneur Jack Lam Yin Lok (pictured) faces the possibility of a prison sentence in the Philippines after being … Read More
Blockchain Technology Could Unblock Southeast Asia
Imagine you could swipe your phone over a piece of fish in the supermarket and instantly see secure records of its entire path through … Read More
China aims to set up state anti-corruption unit next year
BEIJING (Reuters) — China aims to pass a national supervision law and set up a new commission next year to oversee an expansion of … Read More
KAI struggles for reform after corruption scandal
Korea Aerospace Industries, the nation’s sole aircraft manufacturer, said Monday that it kicked off a self-reform committee, in an … Read More
Ad fraud remains biggest challenge for mobile marketers in China
Mense told The Drum that ad fraud is one of the “biggest thorns in the side of marketers” in China, along with the market’s lack of a … Read More
China extends pilot schemes for beefed up anti-graft agency
BEIJING — China is closer to setting up a new anti-corruption agency with wider powers after the authorities announced they were … Read More
Europe
Barclays Africa and Standard Bank drop McKinsey as it faces bribery allegations
Barclays Africa and Standard Bank said on Monday they would stop working with McKinsey, a further blow to the global consultancy as it … Read More
Killing of Maltese journalist silences anti-corruption voice
BIDNIJA, Malta — A few hundred meters from the home of Maltese investigative journalist Daphne Caruana Galizia, in the field where the … Read More
UK announces global conference to crack down on wildlife crime
Cambridge, UK, 30th October 2017—the UK Government today officially launched London 2018 Illegal Wildlife Trade Conference, which will … Read More
UK Government Plans to ‘Bribe’ Returning Islamic State Fighters with Houses and Jobs
A secretive government strategy, named Operation Constrain, could see extremists jump the queue for council houses, the Mail on … Read More
India, Italy commit cooperation in fighting corruption
India on Monday secured Italy’s commitment to work together in fighting corruption in public and private sectors thus setting the stage Read More
AFP charges RAMS founder John Kinghorn with fraud
Mr Kinghorn was served with a court attendance notice on October 6. The matter was briefly heard at Sydney’s Downing Centre Local Court Read More
Middle East
Could Barzani’s resignation mark the end of family rule in Kurdistan?
On 29 October, the parliament in Iraq’s Kurdistan region (KRG) held a historical session in which President Massoud Barzani’s … Read More
Saudi Prince Alwaleed suggests Bitcoin is a ‘fraud’
In an interview with CNBC last week, the Saudi business mogul criticized the cryptocurrency’s lack of regulation and warned it was … Read More
KP NAB authorizes inquiry against DC Shangla and others
The Regional Board Meeting (RBM) of National Accountability Bureau (NAB) Khyber Pakhtunkhwa has authorized several inquiries and … Read More
Police call for indictment of Netanya’s deputy mayor in corruption case
The Israel Police called Monday for the indictment of Netanya Deputy Mayor Rabbi Shimon Sher and several local business leaders for … Read More
Reasons of bribe in Egypt and effective ways to eliminate
CAIRO – 29 October 2017: The Administrative Prosecution Authority presented in its annual report on Sunday a study of some reasons … Read More
Interior Secretary Ryan Zinke is embroiled in more than one scandal
A controversial contract benefiting a small company based in his hometown is only the latest possible corruption scandal linked … Read More
Africa
Two banks drop McKinsey in fallout from South Africa scandal
JOHANNESBURG – Barclays Africa and Standard Bank said on Monday they would stop working with McKinsey, a further blow to the global … Read More
How Kenya’s Election Went From Fraud to Hope to Sham
NAIROBI, Kenya — Kenya held a rerun of its presidential election on Thursday, and Uhuru Kenyatta, the incumbent, will undoubtedly get … Read More
Nigeria’s Buhari Sacks Top Civil Servant After Corruption Probe
President Muhammadu Buhari on Monday sacked Nigeria’s most senior civil servant after an investigation into graft allegations, the … Read More
Former PetroSA manager in dock for R60m fraud case
Johannesburg – A R60 million fraud case involving a former Petro-South Africa manager is expected to resume in the Bellville … Read More
Africa: Rescuing Africa From the Jaws of Corruption
The fight against corruption in Africa has been slow and arduous. So, when the African Union marked the first African Anti-Corruption … Read More
Soldier asks adventurers to pay bribe for ‘expired tyres’ as they journey through Nigeria’s ‘kidnap capital’
Two tourists found out the reality of bribery and roadblocks as they journeyed through the ‘kidnap capital’ of Nigeria.
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
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