Anti-Corruption Daily Newsletter for 08/27/2020


via Anti-Corruption Daily Newsletter for 08/27/2020

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

Corruption Charges at Venezuela’s US Oil Subsidiary Fuel Tensions

By Anti-Corruption Digest on Aug 27, 2020 09:30 am

Both Venezuela and the United States are advancing legal cases against former officials from Citgo, a subsidiary of Venezuelan state oil company PdVSA, signaling that longstanding accusations of corruption at the company may finally be coming to a head.
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Vietnam’s ruling party should step up fight against graft

By Anti-Corruption Digest on Aug 27, 2020 09:27 am

At the end of December 2019, Vietnamese President Nguyen Phu Trong, concurrently general secretary of the Communist Party of Vietnam (CPV), stated that the government’s anti-corruption campaign would continue in 2020. Despite the Covid-19 outbreak, he has been stepping up the campaign with disciplinary actions against high-ranking party members since the beginning of this year.
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The long history of corruption in Spanish politics

By Anti-Corruption Digest on Aug 27, 2020 09:27 am

Visiting Spain in 2015, when the country’s unemployment rate was still a quarter of the workforce and higher than the US experienced at the deepest point of the Great Depression, I wondered aloud what so many people were doing with themselves all day. “Er, that?” said my wife, pointing over my shoulder. Behind me, 30 or 40 men were making a sport of balancing stones from the beach on top of one another. The tallest effort could not have reached more than eight or nine inches before it collapsed, but this occupied them for perhaps half an hour before they went back to shaking empty beer cans to see if any dregs were left.
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Icare whistleblower speaks out on culture of corruption at workers’ compensation insurance agency 

By Anti-Corruption Digest on Aug 27, 2020 09:25 am

A senior insider who worked at the scandal-plagued NSW insurance agency icare has broken his silence about a culture of corruption at the organisation.
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Ramaphosa Addresses South Africa’s Corruption 

By Anti-Corruption Digest on Aug 27, 2020 09:18 am

South Africa’s president has delivered a withering description of the corruption that plagues the ruling African National Congress.
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South Africa Publishes Virus Contracts as Corruption Fury Mounts

By Anti-Corruption Digest on Aug 27, 2020 09:16 am

South Africa published the names of all companies that won coronavirus-related government contracts in a bid to crack down on corruption, making it the first country on the continent to do so.
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Australian Government Spending Nearly $3 Million on Cases Against Four Whistleblowers 

By Anti-Corruption Digest on Aug 27, 2020 08:58 am

According to a report by The Guardian, the Australian government has spent nearly $3 million on three ongoing court cases against four whistleblowers.  For whistleblower advocates, the Australian government’s costly pursuit of these whistleblowers, who exposed government wrongdoing, underscores the need for stronger whistleblower laws, including whistleblower reward laws.
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Taiwan FSC Releases Corporate Governance, Sustainability Roadmap

By Anti-Corruption Digest on Aug 27, 2020 08:56 am

Taiwan’s FSC (Financial Supervisory Commission) has announced the release of a new corporate governance and sustainable development roadmap for the capital market.
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Asked by City Council to clarify report, Board of Ethics says ‘read it again’

By Anti-Corruption Digest on Aug 27, 2020 08:54 am

Asked by the Sioux Falls City Council to clarify their report on an ethics complaint against a city councilor, a clearly-frustrated Sioux Falls Board of Ethics added nothing to a report except a note saying that the City Council should read it again.
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Balancing ethics and privacy rights amid COVID-19

By Anti-Corruption Digest on Aug 27, 2020 08:53 am

While the right to privacy is enshrined in South Africa’s constitution, the role of ethics is forcing a change in mindset – from not only strict compliance with regulation, but also consideration of whether or not the data subject is being adequately protected.
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Three Steps To Strengthen Data Ethics At Your Company 

By Anti-Corruption Digest on Aug 27, 2020 08:51 am

It’s no secret that data privacy and data ethics are gaining more attention. As data has become fundamental to our business and our daily lives, ensuring data privacy has become a global movement. The General Data Protection
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Lithuania has better understanding of money laundering and terrorism financing risks, new Council of Europe report says 

By Anti-Corruption Digest on Aug 27, 2020 08:40 am

In a report published today, the Council of Europe’s anti-money laundering body MONEYVAL concludes that the Lithuanian authorities have improved their understanding of national money laundering and terrorism financing risks and have taken appropriate countermeasures. As a result, MONEYVAL has assigned Lithuania a higher international compliance rating in this area.
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Czech Republic strengthens anti-money laundering measures, but shortcomings remain 

By Anti-Corruption Digest on Aug 27, 2020 08:36 am

Since the adoption of its mutual evaluation report in December 2018 the Czech Republic is reporting to MONEYVAL on an expedited timetable (MONEYVAL’s enhanced follow-up procedure) due to the high number of deficiencies identified in several key areas. The follow-up carried out by MONEYVAL has examined a range of legislative, regulatory and institutional measures implemented by the Czech Republic to address these deficiencies.
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Abington man charged with wire fraud, money laundering for $600k embezzlement 

By Anti-Corruption Digest on Aug 27, 2020 08:34 am

BOSTON — Federal investigators on Wednesday charged an Abington man with wire fraud and money laundering for what they say was the embezzlement of $600,000 from a Texas company while he worked for Bank of America.
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Bitcoin exchanges might soon share money laundering data in the UK

By Anti-Corruption Digest on Aug 27, 2020 08:32 am

In the latest proposal concerning Bitcoin and crypto businesses, the UK’s top financial regulator, the Financial Conduct Authority, said all firms would be compelled to share reports on potential money laundering.
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Police charge three after money laundering and identity theft investigation 

By Anti-Corruption Digest on Aug 27, 2020 08:30 am

Cybercrime Squad detectives have laid more than 70 charges against three people as part of an ongoing investigation into a criminal syndicate allegedly involved in money laundering and identity theft across NSW.
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How could asset recovery work for Lebanon? 

By Anti-Corruption Digest on Aug 27, 2020 08:28 am

These criminal acts drain economic development initiatives, contribute to further impoverishment, and come with other societal costs, such as the negative impact on education and public health services. One way of combating these practices is through recovering assets siphoned from the public sector by public servants—elected, or nominated—and their accomplices. How does this process work, and could it work in the Lebanese context?
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Three properties in Bangor sold off by crime agency 

By Anti-Corruption Digest on Aug 27, 2020 08:27 am

Three properties in Co Down have been seized and sold as part of a National Crime Agency investigation carried out over almost a decade into a notorious organised crime group.
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EU trade chief Phil Hogan quits over Ireland Covid-19 ‘golfgate’ controversy

By Anti-Corruption Digest on Aug 27, 2020 08:18 am

DUBLIN/BRUSSELS (REUTERS) – Phil Hogan quit as the EU’s Trade Commissioner on Wednesday (Aug 26) after days of pressure over allegations he breached Covid-19 guidelines during a trip to his native Ireland, saying it had become clear the controversy was a distraction from his work.
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Ransomware Has Gone Corporate—and Gotten More Cruel 

By Anti-Corruption Digest on Aug 27, 2020 08:16 am

WE CREATED DARKSIDE because we didn’t find the perfect product for us,” reads the launch announcement. “Now we have it.” It’s a line that could come out of any number of VC-friendly pitch decks, but DarkSide is no startup. It’s the latest strain of ransomware built to shake down big-game targets for millions—with attacks that are couched in an uncanny air of professionalism.
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Cyber attacks: Several Canadian government services disrupted 

By Anti-Corruption Digest on Aug 27, 2020 08:14 am

Cybercriminals set their sights on the Canadian government at the beginning of August, when several government services were disabled following a series of cyberattacks. On August 15, the Treasury Board Secretariat announced that approximately 11,000 online government services accounts, originating from the Government of Canada Key service (GCKey) and Canada Revenue Agency (CRA) accounts, had been victims of hacking attempts. The GCKey allows Canadians
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Instead of banning Chinese apps, practice cyber hygiene 

By Anti-Corruption Digest on Aug 27, 2020 08:12 am

Professor of IT at Tallinn University of Technology (TalTech) Tanel Tammet said it is inevitable that smart phone applications use collected data for more than just that which is described in the terms of use. Still, since spying on individuals is not profitable, the data is general, he said.
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Iran-Israel cyberwarfare: A new dimension of the Middle East crisis

By Anti-Corruption Digest on Aug 27, 2020 08:11 am

Cyberwar is a new phenomenon and dimension of war among countries. It has emerged in the postmodern era with the advancement of information technology in the pursuit of power, influence, and security. This method of war is more menacing and threatening than conventional physical conflict. Cyberwar is a state-sponsored attack which is carried on against other countries and military network. It aims to disrupt vital computer systems with malware, hold it hostage with ransomware, disable it with the flood of the message, or hack data for espionage.
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New Zealand stock exchange halted by cyber-attack

By Anti-Corruption Digest on Aug 27, 2020 08:07 am

The New Zealand stock exchange was knocked offline two days in a row due to a cyber-attack.
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North Korean hackers ramp up bank heists

By Anti-Corruption Digest on Aug 27, 2020 08:03 am

WASHINGTON: North Korean hackers are tapping into banks around the globe to make fraudulent money transfers and cause ATMs to spit out cash, the US government warned on Wednesday (Aug 26).
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CBN set to punish exporters who refuse to repatriate export proceeds to Nigeria

By Anti-Corruption Digest on Aug 27, 2020 07:39 am

The Central Bank of Nigeria (CBN) is set to go tough on exporters who are guilty of forex non-repatriation. This is part of the CBN’s ongoing efforts to resolve the prevalent forex crisis in the country by increasing forex liquidity.
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The head of Denmark’s spy program has been fired for snooping on citizens and lying about it

By Anti-Corruption Digest on Aug 27, 2020 07:38 am

The government in Denmark has fired 3 top officials from the country’s foreign intelligence agency, the Forsvarets Efterretningstjeneste (FE), following revelations from a whistleblower. The officials, including the head of the agency, Lars Finden, have been “relieved of duty for the time being” following the release of a trove of documents. The documents detailed that the FE has been illegally spying on Danish citizens in the last six years and were released by an unnamed whistleblower to the independent regulator of Danish security services which is known as Tilsynet med Efterretningstjenesterne (TET).
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Covid-19 counterfeiters: Faking it till they make it

By Anti-Corruption Digest on Aug 27, 2020 07:32 am

The World Health Organisation (WHO) explains that a growing volume of fake medicines are on sale in developing countries, while Interpol has seen an increase in fake medical products. Seizures of fake Covid-19 tests and personal protective equipment (PPE) have been reported by both the US CBP and the World Customs Organisation.
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Philippine army may seek martial law return after suicide attacks

By Anti-Corruption Digest on Aug 27, 2020 07:27 am

MANILA: Twin blasts that killed 15 people in the volatile southern Philippines could both have been suicide bombings, the military said on Tuesday, representing an escalation of violence that the army chief said may require martial law to be re-imposed.
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Strengthening global cooperation on counter-terrorism must remain a priority

By Anti-Corruption Digest on Aug 27, 2020 07:26 am

Vladimir Voronkov, Head of the UN Office of Counter-Terrorism, said the global coronavirus crisis underscored the challenges involved in eliminating terrorism, as he presented the UN Security Council with the latest report on ISIL’s impact on international peace and security.
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