SEC Issues 100th Whistleblower Award

On September 28, the U.S. Securities and Exchange Commission (SEC) announced a $1.8 million whistleblower award, issued to “a company outsider, who expeditiously reported significant information to the Commission about ongoing securities law violations.” The award is the 100th whistleblower award granted in the history of the SEC Whistleblower Program.

TRACKING THE TRILLIONS: 6-MONTH CHECKUP ON IMF’S COVID-19 EMERGENCY AID

The COVID-19 pandemic has exacerbated already staggering levels of economic inequality in many countries around the world. Now there is a real risk that trillions of dollars meant to support those hardest hit by the crisis may be captured by the wealthy, increasing inequality as countries are saddled with public debt for money lost to corruption.

The malicious whistleblower

Samuel Shaw and Richard Marven, two naval officers, witnessed the torture of British prisoners of war at the hands of their commanding officer, Esek Hopkins. Outraged by his action, they reported him, which resulted in their dismissal from the US Navy. That was 1777. Shaw and Marven sought Congressional support and testified before the Congress. A year later, on July 30, 1778, the US Congress passed a whistleblower resolution, now widely considered as the world’s first whistleblower protection law. Many countries have since enacted laws for the protection of whistleblowers.

Curbing Corruption in the Midst of a Pandemic is More Important Than Ever

Progress against corruption can be made even under the most challenging conditions, a new World Bank report finds. At a time when unprecedented levels of emergency funds have been mobilized to respond to the COVID-19 pandemic, the report offers a fresh look at some of the most effective approaches and tools to enhance government accountability.

The World Is Losing the Money Laundering Fight

We’ve just had the closest look yet at the global battle against money laundering, and it’s deeply troubling: Banks and their regulators are nowhere near restraining the flow of trillions of dollars of illicit funds.

Featured Articles


 

We Need to Talk About Corruption 

We Need to Talk About Corruption 

In 2020, the coronavirus pandemic confirmed a cruel form of American exceptionalism—the country’s exceptionally poor performance in handling the virus as measured in deaths and infections. Neither flag waving nor flyovers can mask other American failures, including climate change indifference, tolerance for gun violence, inadequate health care, gross income inequality, systemic racism and other ailments. We’ve got some serious issues to address.

read more
TRACKING THE TRILLIONS: 6-MONTH CHECKUP ON IMF’S COVID-19 EMERGENCY AID

TRACKING THE TRILLIONS: 6-MONTH CHECKUP ON IMF’S COVID-19 EMERGENCY AID

The COVID-19 pandemic has exacerbated already staggering levels of economic inequality in many countries around the world. Now there is a real risk that trillions of dollars meant to support those hardest hit by the crisis may be captured by the wealthy, increasing inequality as countries are saddled with public debt for money lost to corruption.

read more

Anti-Corruption


 

SEC Issues 100th Whistleblower Award

SEC Issues 100th Whistleblower Award

On September 28, the U.S. Securities and Exchange Commission (SEC) announced a $1.8 million whistleblower award, issued to “a company ... Read More

We Need to Talk About Corruption 

We Need to Talk About Corruption 

In 2020, the coronavirus pandemic confirmed a cruel form of American exceptionalism—the country’s exceptionally poor performance in ... Read More

‘Duterte won’t quit, will continue to fight corruption in gov’t’ 

‘Duterte won’t quit, will continue to fight corruption in gov’t’ 

Presidential spokesman Harry Roque said the President would instead use the remainder of his term to fight corruption in government.

EU-Ukraine tensions mount ahead of annual summit 

EU-Ukraine tensions mount ahead of annual summit 

President Zelenskyy heads to Brussels next week for the twenty-second annual EU-Ukraine Summit with bilateral ties at their most ... Read More

Africa could gain $89 billion annually by curbing illicit financial flows

Africa could gain $89 billion annually by curbing illicit financial flows

Every year, an estimated $88.6 billion, equivalent to 3.7% of Africa’s GDP, leaves the continent as illicit capital flight, according ... Read More

Corruption and tax evasion rob Africa of $89 billion a year 

Corruption and tax evasion rob Africa of $89 billion a year 

Huge sums of money flowing out of Africa through corrupt practices and illegal means are robbing the continent of billions of dollars ... Read More

Governance and Ethics


 

NYC to fine people who refuse to wear masks as COVID-19 positive rate tops 3% for first time in months 

NYC to fine people who refuse to wear masks as COVID-19 positive rate tops 3% for first time in months 

New York City Mayor Bill de Blasio said Tuesday that anyone who is not wearing a face mask will be offered one, and that anyone who ... Read More

Industries for Blind and Visually Impaired pays $1.9M in fraud case

Industries for Blind and Visually Impaired pays $1.9M in fraud case

A West Allis nonprofit that operates nationwide has agreed to pay $1.9 million to the federal government after a whistleblower exposed ... Read More

‘Insensitive’ phishing test stirs debate over ethics of security training

‘Insensitive’ phishing test stirs debate over ethics of security training

A simulated phishing email that used the false promise of company bonuses as a lure to trick employees has ignited a debate over the ... Read More

The MEC debacle is a predictable and avoidable governance failure

The MEC debacle is a predictable and avoidable governance failure

When news broke about Mountain Equipment Co-op (MEC) being sold to an investor in the United States, the reaction among many of its 5.4 Read More

Retailers seek help to streamline corporate governance 

Retailers seek help to streamline corporate governance 

Retailers have invited the capital markets regulator and corporate governance experts to help streamline management within their ... Read More

Amidst the pandemic, African statistics are better than you think 

Amidst the pandemic, African statistics are better than you think 

As the COVID-19 crisis continues its relentless spread, questions have been raised about the availability and reliability of African ... Read More

Anti-Money Laundering


 

Record corporate fines don’t deter: here’s a ‘frank’ fix to make penalties bite

Record corporate fines don’t deter: here’s a ‘frank’ fix to make penalties bite

All things considered, Westpac’s record A$1.3 billion fine for breaching anti-money-laundering laws could have been worse.

Crypto Industry Responds to FATF Red Flag Report

Crypto Industry Responds to FATF Red Flag Report

New guidance from the FATF has been welcomed by the crypto industry, despite the compliance challenges it presents, writes Nathan Smale Read More

Chinese gambling and money laundering racket

Chinese gambling and money laundering racket

Months after Hyderabad police busted an online betting racket via Chinese gambling Apps; it is soon going to file chargesheet against 4 Read More

Blockchain analysis firm expands Asia presence

Blockchain analysis firm expands Asia presence

Chainalysis is opening new offices in Tokyo and Singapore that will serve as hubs for sales, professional investigative services, ... Read More

Startup finds fintech can be held back by old suspicions 

Startup finds fintech can be held back by old suspicions 

As the CEO of Makeba, a money transfer startup, Yamandou Alexander appreciates a paradox about his slice of the global financial ... Read More

EU, UNODC and UNICRI launch anti-corruption and money laundering project in Libya 

EU, UNODC and UNICRI launch anti-corruption and money laundering project in Libya 

The European Union, in collaboration with the United Nations Office on Drugs and Crime (UNODC) and the United Nations Interregional ... Read More

Cyber Risk


Amazon’s transparency policy signals progress against counterfeit goods

Amazon’s transparency policy signals progress against counterfeit goods

As of Sept. 1, each seller’s page on Amazon.com must now display the respective seller’s name and address. This new seller transparency Read More

Fake news punishable by years in prison under proposed Nicaraguan law 

Fake news punishable by years in prison under proposed Nicaraguan law 

Deputies from Nicaraguan President Daniel Ortega’s party on Monday proposed a law that would make spreading fake news on social media ... Read More

UK government probing cyber-attack over Syria propaganda leaks

UK government probing cyber-attack over Syria propaganda leaks

Hackers have penetrated the computer systems of the UK’s foreign ministry and taken hundreds of files detailing the country’s ... Read More

 ‘Israel is a cyber superpower, the potential is endless’ 

 ‘Israel is a cyber superpower, the potential is endless’ 

Walking into the Tel Aviv office of Israel National Cyber Directorate Head Yigal Unna, you immediately notice a very specific memento – Read More

CMA CGM Updates on Cyber Attack

CMA CGM Updates on Cyber Attack

French shipping giant CMA CGM has provided an updated on the malware attack that forced the group to shut down “periphery” servers to ... Read More

Facebook fixes Instagram bug that could turn your phone into spying tool

Facebook fixes Instagram bug that could turn your phone into spying tool

Facebook has patched a critical vulnerability in Instagram that could have given an attacker the ability to take over a victims ... Read More

Security Risks


The most important national security question Trump and Biden need to address 

The most important national security question Trump and Biden need to address 

As the world braces for a possible second wave of the Covid-19 pandemic, there is also growing concern in the counterterrorism, ... Read More

A Ransomware Attack Has Struck a Major US Hospital Chain 

A Ransomware Attack Has Struck a Major US Hospital Chain 

UNIVERSAL HEALTH SERVICES, a hospital and health care network with more than 400 facilities across the United States, Puerto Rico, and ... Read More

Latin America: COVID-19 Threatens Promise of Digital Economy

Latin America: COVID-19 Threatens Promise of Digital Economy

Latin America has been perceived as the eternal promise of development given the abundant natural resources, good climate, and a ... Read More

UAE announces candidacy for UN Security Council seat

UAE announces candidacy for UN Security Council seat

DUBAI: The UAE on Tuesday announced its candidacy for a two-year term on the UN Security Council in 2022-2023, the state news agency ... Read More

Brazil reports 13,155 new coronavirus cases, 317 deaths

Brazil reports 13,155 new coronavirus cases, 317 deaths

BRASILIA: Brazil recorded 13,155 additional confirmed cases of the coronavirus in the past 24 hours, and 317 deaths from the disease, ... Read More

Trump’s debt is a national security risk 

Trump’s debt is a national security risk 

Since the country found out in 1973 that Richard Nixon paid an absurdly low sum of money in income tax, presidential candidates have ... Read More

North America


Amazon’s transparency policy signals progress against counterfeit goods

Amazon’s transparency policy signals progress against counterfeit goods

As of Sept. 1, each seller’s page on Amazon.com must now display the respective seller’s name and address. This new seller transparency Read More

The most important national security question Trump and Biden need to address 

The most important national security question Trump and Biden need to address 

As the world braces for a possible second wave of the Covid-19 pandemic, there is also growing concern in the counterterrorism, ... Read More

A Ransomware Attack Has Struck a Major US Hospital Chain 

A Ransomware Attack Has Struck a Major US Hospital Chain 

UNIVERSAL HEALTH SERVICES, a hospital and health care network with more than 400 facilities across the United States, Puerto Rico, and ... Read More

Trump’s debt is a national security risk 

Trump’s debt is a national security risk 

Since the country found out in 1973 that Richard Nixon paid an absurdly low sum of money in income tax, presidential candidates have ... Read More

FinCEN Files: All you need to know about the documents leak 

FinCEN Files: All you need to know about the documents leak 

Leaked documents involving about $2tn of transactions have revealed how some of the world's biggest banks have allowed criminals to ... Read More

NYC to fine people who refuse to wear masks as COVID-19 positive rate tops 3% for first time in months 

NYC to fine people who refuse to wear masks as COVID-19 positive rate tops 3% for first time in months 

New York City Mayor Bill de Blasio said Tuesday that anyone who is not wearing a face mask will be offered one, and that anyone who ... Read More

Latin America


Latin America: COVID-19 Threatens Promise of Digital Economy

Latin America: COVID-19 Threatens Promise of Digital Economy

Latin America has been perceived as the eternal promise of development given the abundant natural resources, good climate, and a ... Read More

Brazil reports 13,155 new coronavirus cases, 317 deaths

Brazil reports 13,155 new coronavirus cases, 317 deaths

BRASILIA: Brazil recorded 13,155 additional confirmed cases of the coronavirus in the past 24 hours, and 317 deaths from the disease, ... Read More

FinCEN Files: All you need to know about the documents leak 

FinCEN Files: All you need to know about the documents leak 

Leaked documents involving about $2tn of transactions have revealed how some of the world's biggest banks have allowed criminals to ... Read More

USMCA: Compliance Considerations for Mexico 

USMCA: Compliance Considerations for Mexico 

Perhaps two of the most significant constitutional reforms in recent times in Mexico were completed in 2011 and 2015. In principle, the Read More

Experts Explain How Whistleblowers Can Help Defeat International Wildlife Trafficking And Exploitation 

Experts Explain How Whistleblowers Can Help Defeat International Wildlife Trafficking And Exploitation 

On September 8, the World Wildlife Fund (WWF) held a webinar on the importance of protecting whistleblowers who report wildlife ... Read More

Leaked Bank Docs Show Money Laundering Ties to Real Estate

Leaked Bank Docs Show Money Laundering Ties to Real Estate

A group of South Florida property owners’ alleged ties to global money laundering are revealed in newly leaked bank documents.

Asia


‘Duterte won’t quit, will continue to fight corruption in gov’t’ 

‘Duterte won’t quit, will continue to fight corruption in gov’t’ 

Presidential spokesman Harry Roque said the President would instead use the remainder of his term to fight corruption in government.

Less Than the Sum of Its Parts: China’s ‘Negative Competition’ in the Middle East 

Less Than the Sum of Its Parts: China’s ‘Negative Competition’ in the Middle East 

According to a quote attributed to Otto von Bismarck, fools learn from experience while wise men learn from the experience of others. ... Read More

Record corporate fines don’t deter: here’s a ‘frank’ fix to make penalties bite

Record corporate fines don’t deter: here’s a ‘frank’ fix to make penalties bite

All things considered, Westpac’s record A$1.3 billion fine for breaching anti-money-laundering laws could have been worse.

Chinese gambling and money laundering racket

Chinese gambling and money laundering racket

Months after Hyderabad police busted an online betting racket via Chinese gambling Apps; it is soon going to file chargesheet against 4 Read More

Blockchain analysis firm expands Asia presence

Blockchain analysis firm expands Asia presence

Chainalysis is opening new offices in Tokyo and Singapore that will serve as hubs for sales, professional investigative services, ... Read More

Instead of resigning, apply corruption laws to both friends and foes 

Instead of resigning, apply corruption laws to both friends and foes 

MANILA, Philippines — Sen. Ping Lacson on Tuesday renewed his call on the President Rodrigo Duterte to exercise "strong political will" Read More

Europe


EU-Ukraine tensions mount ahead of annual summit 

EU-Ukraine tensions mount ahead of annual summit 

President Zelenskyy heads to Brussels next week for the twenty-second annual EU-Ukraine Summit with bilateral ties at their most ... Read More

UK government probing cyber-attack over Syria propaganda leaks

UK government probing cyber-attack over Syria propaganda leaks

Hackers have penetrated the computer systems of the UK’s foreign ministry and taken hundreds of files detailing the country’s ... Read More

Britain to return stolen artefact to Iraq

Britain to return stolen artefact to Iraq

Britain is to hand back an ancient Sumerian plaque to Iraq after it was looted and smuggled out of the country and offered for auction. Read More

EU, UNODC and UNICRI launch anti-corruption and money laundering project in Libya 

EU, UNODC and UNICRI launch anti-corruption and money laundering project in Libya 

The European Union, in collaboration with the United Nations Office on Drugs and Crime (UNODC) and the United Nations Interregional ... Read More

The MEC debacle is a predictable and avoidable governance failure

The MEC debacle is a predictable and avoidable governance failure

When news broke about Mountain Equipment Co-op (MEC) being sold to an investor in the United States, the reaction among many of its 5.4 Read More

International Whistleblower Advocacy Groups File Public Comment with Latvian Government 

International Whistleblower Advocacy Groups File Public Comment with Latvian Government 

A coalition of international whistleblower advocacy groups has filed a public comment (link?) with Latvia’s government, providing ... Read More

Middle East


 ‘Israel is a cyber superpower, the potential is endless’ 

 ‘Israel is a cyber superpower, the potential is endless’ 

Walking into the Tel Aviv office of Israel National Cyber Directorate Head Yigal Unna, you immediately notice a very specific memento – Read More

Less Than the Sum of Its Parts: China’s ‘Negative Competition’ in the Middle East 

Less Than the Sum of Its Parts: China’s ‘Negative Competition’ in the Middle East 

According to a quote attributed to Otto von Bismarck, fools learn from experience while wise men learn from the experience of others. ... Read More

UAE announces candidacy for UN Security Council seat

UAE announces candidacy for UN Security Council seat

DUBAI: The UAE on Tuesday announced its candidacy for a two-year term on the UN Security Council in 2022-2023, the state news agency ... Read More

Britain to return stolen artefact to Iraq

Britain to return stolen artefact to Iraq

Britain is to hand back an ancient Sumerian plaque to Iraq after it was looted and smuggled out of the country and offered for auction. Read More

Beware the UAE’s financial corruption 

Beware the UAE’s financial corruption 

The United Arab Emirates is hoping that, among other benefits, the agreement to normalize its relations with Israel will bring succour ... Read More

Syrian rebel fighters prepare to deploy to Azerbaijan in sign of Turkey’s ambition 

Syrian rebel fighters prepare to deploy to Azerbaijan in sign of Turkey’s ambition 

Syrian rebel fighters have signed up to work for a private Turkish security company as border guards in Azerbaijan, several volunteers ... Read More

 

Africa


Africa could gain $89 billion annually by curbing illicit financial flows

Africa could gain $89 billion annually by curbing illicit financial flows

Every year, an estimated $88.6 billion, equivalent to 3.7% of Africa’s GDP, leaves the continent as illicit capital flight, according ... Read More

Corruption and tax evasion rob Africa of $89 billion a year 

Corruption and tax evasion rob Africa of $89 billion a year 

Huge sums of money flowing out of Africa through corrupt practices and illegal means are robbing the continent of billions of dollars ... Read More

Fake news punishable by years in prison under proposed Nicaraguan law 

Fake news punishable by years in prison under proposed Nicaraguan law 

Deputies from Nicaraguan President Daniel Ortega’s party on Monday proposed a law that would make spreading fake news on social media ... Read More

CMA CGM Updates on Cyber Attack

CMA CGM Updates on Cyber Attack

French shipping giant CMA CGM has provided an updated on the malware attack that forced the group to shut down “periphery” servers to ... Read More

Crypto Industry Responds to FATF Red Flag Report

Crypto Industry Responds to FATF Red Flag Report

New guidance from the FATF has been welcomed by the crypto industry, despite the compliance challenges it presents, writes Nathan Smale Read More

Retailers seek help to streamline corporate governance 

Retailers seek help to streamline corporate governance 

Retailers have invited the capital markets regulator and corporate governance experts to help streamline management within their ... 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.

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