Anti-Corruption Daily Newsletter for 08/31/2020


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
 Should Whistleblower Reward Laws be Capped?By Anti-Corruption Digest on Aug 31, 2020 11:13 am
In 2018, the US Securities and Exchange Commission proposed new rules to its Dodd-Frank Act whistleblower program that could limit the amount of awards paid to whistleblowers in large cases. After two years of consideration, the SEC is posed to finalize its rule on capping the amount of whistleblower rewards. A final vote on the proposed whistleblower rule has been set for September 2nd.
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Moderna’s Covid-19 vaccine patents under probe by US Defence DepartmentBy Anti-Corruption Digest on Aug 31, 2020 11:10 am
WASHINGTON (BLOOMBERG) – Moderna’s patents that were filed or awarded are being probed by the US Department of Defence’s research arm, the Financial Times reported, saying the company failed to disclose government funding as required by federal law.
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Haryana government is synonymous with corruption, unemployment and crimeBy Anti-Corruption Digest on Aug 31, 2020 11:07 am
Slamming the ruling BJP-JJP coalition government in Haryana, leader of opposition Bhupinder Singh Hooda on Sunday called it “synonymous with corruption, unemployment and crime”.
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Former Eskom manager France Hlakudi in Pretoria Regional Court for tax fraud of R30mBy Anti-Corruption Digest on Aug 31, 2020 10:58 am
Pretoria – Former Eskom senior manager France Hlakudi yesterday appeared in the Pretoria Regional Court on charges involving personal tax fraud totalling R30 million.
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Mexico’s president shows how not to handle a scandal By Anti-Corruption Digest on Aug 31, 2020 10:30 am
The allegations are unproven but stunning. In a 63-page deposition, disclosed on August 19th, Emilio Lozoya, once head of Pemex, Mexico’s state oil firm, accuses 17 prominent Mexicans of corruption. According to Mr Lozoya, Enrique Peña Nieto, president in 2012-18, benefited from the payment o
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Covid 19 Fuelling Illicit Trade, Financial Flows GloballyBy Anti-Corruption Digest on Aug 31, 2020 10:28 am
The world is coming to terms with the economic strife causde by the COVID-19 pandemic. However, taking advantage of this turmoil are crooks who, according to the World Economic Forum, will whisk off over $2.2 trillion, equivalent of 3% of the global GDP, which will be lost due to illicit trade and financial flows.
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‘Hackers for hire’ scare UK cyber‑chiefBy Anti-Corruption Digest on Aug 31, 2020 10:18 am
Britain’s cyber-chief has warned about the growing threat from “hackers for hire” and rogue states such as Russia that are weaponising computer viruses to steal academic research and government secrets.
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Bureau Veritas advises UK businesses to prioritise ethics amid furore over modern slavery violations By Anti-Corruption Digest on Aug 31, 2020 10:16 am
Amid new furore surrounding modern slavery breaches happening in the UK, Bureau Veritas has asserted that it has never been more important for UK businesses to ensure they implement ethical practices throughout their entire supply chain.
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UK Regulation of Consumer IOT SecurityBy Anti-Corruption Digest on Aug 31, 2020 10:14 am
The U.K. government recently launched a consultation process for regulating consumer Internet of Things (IOT) security. This could have significant implications for U.S. manufacturers, given that the U.K. will remain a key sales market following Brexit.
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UK’s financial regulator expands AML regulations to all cryptocurrency firms By Anti-Corruption Digest on Aug 31, 2020 10:12 am
According to the consultation paper published by the UK’s financial regulator, cryptocurrency firms need to submit an annual report on their problem dealing method.
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Auditors scrutinizing EU support to fight grand corruption in #Ukraine By Anti-Corruption Digest on Aug 31, 2020 10:11 am
Ukraine has been part of the European Neighbourhood Policy since 2003 and finally signed an association agreement six years ago following the Maidan revolution. Overall, the European Commission has committed about €15 billion since 2014, making it the largest donor to Ukraine. The EU’s main objective is to support the country’s reform agenda on the path towards economic integration and closer political association. The fight against corruption is a key element in achieving these things.
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FBI arrests Russian ‘tourist’ in Tesla malware extortion scheme By Anti-Corruption Digest on Aug 31, 2020 10:10 am
The FBI has arrested a Russian tourist in America, who investigators say offered a Tesla employee $1 million to infect company computers with malware in a scheme to steal data and extort payment from the company.
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UAE and Israel discuss cooperation in food and water securityBy Anti-Corruption Digest on Aug 31, 2020 09:57 am
DUBAI: A UAE minister of state and Israel’s agriculture minister discussed food and water security cooperation on Friday in a phone call, an Emirati statement said on Sunday.
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Mauritania: is it fighting corruption or is there a soft coup? By Anti-Corruption Digest on Aug 31, 2020 09:55 am
Mauritanian President Mohamed Ould Cheikh Ghazouani has just completed his first year in power by launching a campaign to fight corruption and protect public funds. As part of this campaign, cases from the decade-long rule of former President Mohamed Ould Abdel Aziz were opened. The first success of the campaign was the resignation of Ismail Ould Cheikh Sidiya’s government, less than a year after its formation, following a report by the Parliamentary Investigative Commission which suggested that ministers in the government were involved in corruption. President Ghazouani proposed the formation of the committee at the beginning of this year.
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Saudi governors, commanders fired over corruption at tourism projectsBy Anti-Corruption Digest on Aug 31, 2020 09:53 am
JEDDAH: Senior Saudi security commanders are among a number of officials who have been sacked over corruption at tourism projects, the Saudi Press Agency (SPA) reported on Friday.
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Tens of thousands of anti-Netanyahu protesters hit Israel streets By Anti-Corruption Digest on Aug 31, 2020 09:52 am
Thousands of Israelis demonstrated in Jerusalem in a continuation of months-long weekend rallies demanding the resignation of Prime Minister Benjamin Netanyahu, who faces a corruption trial and accusations of mishandling the coronavirus crisis.
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Assassinations Highlight Security Challenges for US-Backed Forces in Eastern SyriaBy Anti-Corruption Digest on Aug 31, 2020 09:51 am
WASHINGTON – Tensions are flaring in an eastern Syria province after the assassinations of several powerful Arab tribal leaders, with U.S.-backed forces accusing Islamic State (IS) sleeper cells and Syrian government proxies of carrying out such attacks to cause instability in the former IS stronghold.
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Lebanon probes procurement of ‘death ship’ RhosusBy Anti-Corruption Digest on Aug 31, 2020 09:49 am
BEIRUT – Lebanese investigators are understood to be probing why the MV Rhosus – a substandard vessel burdened with 2,750 metric tons of hazardous ammonium nitrate – was procured in 2013 to ferry heavy seismic survey machinery out of Beirut Port.
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Imee believes there is evidence that can tie Duque to PhilHealth corruption By Anti-Corruption Digest on Aug 31, 2020 09:43 am
Marcos said that contrary to Sen. Panfilo “Ping” Lacson’s belief there is no direct evidence that could link Duque to such irregularities, she said she believes there are plenty.
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U.S. says Herbalife to pay $123.1 million to resolve China bribery caseBy Anti-Corruption Digest on Aug 31, 2020 09:38 am
Herbalife Nutrition will pay $123.1 million to settle criminal and civil charges it bribed Chinese officials in government agencies and media outlets to boost its business in China, the U.S. Department of Justice said on Friday.
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End of an Abe era for Japan By Anti-Corruption Digest on Aug 31, 2020 09:37 am
TOKYO/SEOUL – Japan’s longest-serving Prime Minister, Shinzo Abe, 65, announced his resignation on Friday.
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Demand for volume makes Southeast Asia susceptible to ad fraudBy Anti-Corruption Digest on Aug 31, 2020 09:36 am
Due to its high mobile penetration rate, improvements to connectivity quality, and expansion of e-payment methods vis-a-vis a booming Fintech industry, the Southeast Asia region is more susceptible to advertising fraud, compared to other regions. According to AppsFlyer, there are exceptionally high fraud rates in the finance vertical in Southeast Asia, with 4 out of 5 markets exceeding 50 percent.
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Fighting two pandemics hand in hand in Asia and the Pacific By Anti-Corruption Digest on Aug 31, 2020 09:34 am
Global hunger has been on a regrettable rise in recent years, and despite Asia’s economic clout, the continent – home to more than half of the world’s undernourished – has not been spared. Now COVID-19 is leading to a slowdown of regional economic growth and further threatening food security.
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What Does the Controversial Anti-Money Laundering Bill Tell Us About Pakistani Politics? By Anti-Corruption Digest on Aug 31, 2020 09:31 am
On August 26, Pakistan’s parliament rejected a major Anti-Money Laundering Bill linked to the Financial Action Task Force (FATF)’s requirements for the country.
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How Artificial Intelligence is Powering Asia’s Fraudtech Fight Against Financial Crime By Anti-Corruption Digest on Aug 31, 2020 09:29 am
Advances in technological fields including artificial intelligence (AI) and biometrics are providing new ways for financial institutions and startups to combat the surge in fraud and financial crime resulting from the rise of digital banking and fintech.
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How corruption in South Africa is deeply rooted in the country’s past and why that mattersBy Anti-Corruption Digest on Aug 31, 2020 09:23 am
When South Africans express shock at corruption, few seem to know that it is perhaps the country’s oldest tradition.
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15 arrested, including cops, for multi-million police car branding tender fraudBy Anti-Corruption Digest on Aug 31, 2020 09:19 am
Police have arrested 15 people, some of whom are former or serving cops, in connection with fraud, corruption, money laundering and theft.
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Credit Suisse reports ex-banker over Africa fraud By Anti-Corruption Digest on Aug 31, 2020 09:18 am
Credit Suisse said it had reported one of its former bankers to police after uncovering a fraud in the African arm of its wealth management unit earlier this year. The individual, who worked in the bank’s flagship International Wealth Management division in Zurich, was dismissed by the bank when the fraud was discovered in the first quarter.
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Where FATF Crypto Compliance Gets InterestingBy Anti-Corruption Digest on Aug 31, 2020 09:07 am
But crypto businesses seeing strong growth across the 54-country continent are working hard on know-your-customer (KYC) rules to meet the exacting standards set out by the Financial Action Task Force (FATF).
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Tesla employee reportedly turned down bribe to infect network By Anti-Corruption Digest on Aug 31, 2020 09:05 am
Strap yourselves in folks because this story could’ve been plucked from an episode of your favourite spy series.
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