Featured Articles
Corporate Culture Is an Alarmingly Low Priority for Boards
The importance of having a strong corporate culture has been well documented. From upholding ethics to driving innovation, organisational performance can be very much influenced by cultural aspects, such as values, mission, communication and the prevailing organisational atmosphere. It is therefore vital that boards understand the culture in their organisations so they can provide effective leadership and direction to the business. If the culture is suboptimum, they also need to be clear about what they desire it to be before they can chart a path towards achieving it.
Exploring the’Bullshit Castle’
This is a story of a global company. About its secrets. It is the story of a corrupt corporation.
Anti-Corruption
Senator Bob Menendez Escapes Corruption Case in Mistrial
Jurors declared themselves “hopelessly deadlocked” in a major federal corruption case Thursday, the latest blow to efforts by the feds … Read More
Saudi Purge Uncovers $100 Billion Corruption Scandal
A social and cultural revolution is underway in Saudi Arabia as the new royal regime sweeps away fraud and corruption.
Britain Dragging Its Feet on Tax Haven Clampdown as Brexit Looms
From Britain’s Queen Elizabeth to Formula One racing champion Lewis Hamilton — the leak of more than 14 million documents from firms … Read More
A Golden Age for Corruption
Federal prosecutors didn’t have a great day on Thursday. In Newark, New Jersey, a judge declared a mistrial in the case of Senator Bob … Read More
Drug Firm Founder Pleads Not Guilty to Opioid Bribe Scheme
BOSTON (AP) — A pharmaceutical company founder accused of leading a conspiracy to bribe doctors to prescribe a powerful opioid pain … Read More
SFO levels charges against Unaoil in global corruption scandal
he Serious Fraud Office has made its first charges against Unaoil employees in relation to a corruption scandal that has engulfed the … Read More
Governance and Ethics
Leaders abuse governance to control citizens
Many African countries since independence from colonialism have operated under multiple systems of governance: the country’s formal … Read More
Deepening Ethical Compliance in Business
Businesses thrive when players in the industry – investors, employers, employees, all concerned, hold on to the sanctity of trust, high Read More
Businesses need better approach to compliance programs
“Despite a sustained focus on curbing bad corporate behavior over the past two decades, and a resulting boom in the compliance … Read More
NASA spent $1.4 billion on IT, but governance and security issues remain
NASA spent $1.4 billion, or 7.6 percent of its $18.5 billion budget, on information technology, but continues to struggle with security Read More
Putting Ethics Back Into Compliance (Part IV of IV) – Corruption, Crime & Compliance
My final posting on this week’s ethics series is a call to action for all compliance professionals. Every compliance officer should … Read More
Working to Change Compliance Culture at Volkswagen
Stephanie Davis, who earlier this year became chief compliance officer at Volkswagen Group of America, discusses why she took the job … Read More
Anti-Money Laundering
Former FBI director Louis Freeh represented Prevezon, firm at center of money-laundering probe
The Russian-owned real-estate firm Prevezon earlier this year hired former FBI Director Louis Freeh to help the company negotiate a … Read More
China’s bitcoin crackdown has helped Japan embrace the cryptocurrency movement
A year ago, China accounted for 90 percent of all bitcoin trade. But since Beijing banned initial coin offerings (ICOs) and regulators … Read More
Murder and Money Laundering in Malta
BRUSSELS (Reuters) – The European Union has called very publicly for Malta to bring to justice the killers of a journalist who accused … Read More
Former Niger Gov., Aliyu, docked for money laundering
The offences are contrary to section 18(a) of the money laundering Act, 2011 as amended and punishable under section 15(3) of same Act. Read More
W. Africa to enhance measures to combat money laundering, terrorism financing
West African countries are set to enhance measures to combat money laundering and terrorism financing in the sub-region.
30-year-old woman and owner of Wicked Vapes accused of money laundering and illegal gambling
30-year-old Carrollton woman and the owner and operator of Wicked Vapes, is accused of money laundering and illegal gambling, officials Read More
Cyber Risk
Schools focus on cyber security after warning from FBI
Cyber criminals are focusing on a new target: schools. Your child’s personal information could be at risk.
Cyber criminals made fake news a profitable business model
Cyber criminals have latched onto the notion of “fake news” and turned it into a profitable business model, with services starting at … Read More
4 Tips to Protect Your Computer from Ransomware
Hackers are out there praying on vulnerable computers and shutting them down with software called ransomware, then asking for money to … Read More
Customer data breached after Cash Converters hack
Hackers who attacked the now defunct website of second hand goods store Cash Converters may have access to the account details of … Read More
Russian hackers have targeted Britain’s energy companies, cyber security chief says
Russian hackers have targeted the UK energy network, telecoms and the media in the past year, a British security chief has claimed. … Read More
White House Cyber Chief: ‘There Will be Compromise’ on U.S. Surveillance Program
White House Cybersecurity Coordinator Rob Joyce said Wednesday the administration will have to compromise with Congress on legislation … Read More
Security Risks
How do we decide what we consider ‘terrorism’?
Officials investigating the shooting asserted that they would not treat the attack as a terrorist act.
Alibaba sold counterfeit Nets gear while it was buying a team stake
On the day news broke that Alibaba co-founder Joe Tsai was purchasing 49 percent of the Brooklyn Nets NBA franchise, plenty of the … Read More
Security overkill is terror’s real triumph
The moment the news broke on Halloween that an Uzbek in a rental truck had just killed eight people on New York’s West Side cycle path, Read More
Is fake news dangerous? Security pros say yes
Fake news is the deliberate distribution of lies with the goal of swaying public opinion or dividing people. It has gotten the … Read More
China: Bangladesh poses security threat besides Pakistan
Bangladesh, the “so-called friend” of India, also poses a security threat to the country besides China and Pakistan, Union minister … Read More
Far-reaching Bill for cyber security ‘not uncommon’
Singapore is not alone in proposing a far-reaching Bill to beef up cyber security, said experts, even as it wins the support of … Read More
North America
Mistrial in NY Corruption Case Against Union Chief, Hedge Fund Executive
NEW YORK (Reuters) – A U.S. judge on Thursday ordered a mistrial in the corruption case against the former head of New York City’s … Read More
NSW to fine companies $1m for using banned building products
Companies who use banned building products in New South Wales, including dangerous cladding, could be hit with fines of more than a … Read More
US Postal Service ‘was enlisted’ in hunt for Barclays whistleblower
An American body that specialises in cybercrime allegedly asked the US Postal Service to help to identify a whistleblower at Barclays.
4 Indicted in Multistate Health Care Fraud Case
ATLANTA (AP) — Four people have been indicted on multiple counts of conspiracy to commit health care fraud and aggravated identity … Read More
Drug Firm Founder Pleads Not Guilty to Opioid Bribe Scheme
BOSTON (AP) — A pharmaceutical company founder accused of leading a conspiracy to bribe doctors to prescribe a powerful opioid pain … Read More
Investment scam complaints hit two-year high
nvestment watchdog the Financial Markets Authority believes increased awareness of the risks of online trading is behind a spike in … Read More
Latin America
Peru: President Kuczynski denies Odebrecht bribe allegations
In a statement broadcast on national television, Mr Kuczynski also rejected claims that he had been hired as a consultant a decade ago.
Fraud and corruption litigation in Latin America
Arguably, one of the biggest challenges of doing business in Latin America has been fraud and corruption. In recent years, however, … Read More
New Testimony Links 8 Colombia Congress Members to Odebrecht
Eight Colombian senators are under investigation for their alleged involvement in the infamous Odebrecht corruption case, according to … Read More
Financial Fraud And Information Sharing
The 2015 leaks by the Panama Papers Reports showed how many countries had lost huge sums as monies carted away to offshore accounts and Read More
Peru: President Kuczynski denies Odebrecht bribe allegations
In a statement broadcast on national television, Mr Kuczynski also rejected claims that he had been hired as a consultant a decade ago.
Ecuador VP to face trial in Odebrecht corruption case
QUITO, Ecuador – A court in Ecuador has paved the way for a criminal trial to begin against the nation’s vice president in an alleged … Read More
Asia
Indonesian Speaker Setya Novanto wanted over corruption scandal
Indonesia had been captivated by the hunt for Setya Novanto, who is being pursued over his links to a multi-million-dollar corruption … Read More
Corruption Remains A Major Risk For China’s Government
From Tyler Durden: Yang Xiadou is the Party’s number two man in Xi Jinping’s crackdown on corruption in the Chinese Communist Party – … Read More
Corruption watchdog finds more than 20 banks handled Gupta money in Transnet deal
More than 20 banks sent or received money to Gupta-linked companies, an investigation by the Organised Crime and Corruption Reporting … Read More
Japan: Kobe Steel fraud report does not go far enough
The report released last week by Kobe Steel after an internal probe into widespread data-doctoring does not delve deeply enough into … Read More
Top Moon aide offers to resign over bribery scandal
SEOUL — A top aide to South Korean President Moon Jae-in offered to resign on Thursday after his subordinates were arrested on … Read More
Vietnamese held for bribing Malaysian maritime officers
PETALING JAYA (THE STAR/ASIA NEWS NETWORK) – A Vietnamese businesswoman has been detained by Malaysia’s anti-graft agency for allegedly Read More
Europe
SFO levels charges against Unaoil in global corruption scandal
he Serious Fraud Office has made its first charges against Unaoil employees in relation to a corruption scandal that has engulfed the … Read More
Top judge quits EU Kosovo mission, alleging corruption
The chief judge at an EU organization tasked with improving the rule of law in Kosovo quit and accused other senior members of the … Read More
Italian Crisis Region Sicily Elects New Government
This land, a place where lemon trees bloom four times a year, is blessed with abundance — of sunshine, world cultural heritage sites, … Read More
UK needs to change its whistleblower culture and assist people brave enough to report wrongdoing
The survey showed a significant drop in support from senior company management for UK whistleblowers from 51% in 2014 to just 38% today.
Ukraine investigators fear corruption cases could get buried
KIEV (Reuters) – Ukrainian investigators fear corruption probes could get buried because the national anti-corruption bureau will soon … Read More
HSBC To Pay €300M To Resolve French Tax Probe Into Swiss Arm
With a payment of €300 million (CHF350 million), the Swiss subsidiary of British bank HSBC has settled its tax fraud dispute with the … Read More
Middle East
Saudis detaining Lebanon PM
Mr Aoun said “nothing justified” Saad Hariri’s continued absence, and that it was a breach of his human rights.
Saudi authorities offer freedom deals to princes and businessmen
Saudi authorities are negotiating settlements with princes and businessmen held over allegations of corruption, offering deals for the … Read More
First charges laid in Unaoil bribery scandal
On Friday, UK corruption investigators laid the first criminal charges in the Unaoil scandal. The Serious Fraud Office charges against … Read More
Saudi offer in corruption crackdown: ‘cough up the cash and go home’
Authorities in Saudi Arabia are offering businessmen and members of the royal family detained on allegations of corruption an … Read More
Israeli corruption is a tempest in a champagne bucket
Israel ranks 28th among 176 countries in corruption, according to Transparency International, the organization that monitors corruption Read More
Corruption must not destroy the future for the Arab world
Earlier this month, Saudi Arabia grabbed international headlines and sent seismic shock waves across the region when its newly … Read More
Africa
We are succeeding in corruption war
President Muhammadu Buhari says the ongoing fight against corruption has started yielding fruitful results as Nigeria is now a … Read More
Corruption watchdog finds more than 20 banks handled Gupta money in Transnet deal
More than 20 banks sent or received money to Gupta-linked companies, an investigation by the Organised Crime and Corruption Reporting … Read More
Anti-Corruption Efforts Underway in South Africa
Amidst the toxicity and fallout from the Gupta family’s manipulation of State in South Africa, with its tentacles spreading across the … Read More
Prepare for jail, corrupt Vice Chancellors told
Vice chancellors who have misappropriated university funds should prepare to go to jail. Education Cabinet Secretary Fred Matiang’i … Read More
South Africa: Officer Investigated for Fraud Was Nominated for Trip to France
Instead of suspending a high-ranking police officer who is under investigation for fraud, the police wanted to send her on a trip to … Read More
Corruption charges: Zuma won’t pay from his pockets
PARLIAMENT – President Jacob Zuma said the legal fees to be paid by the State for him challenging the reinstatement of 783 corruption, … 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.
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