by Anti-Corruption Digest | Sep 30, 2020 | Anti-Corruption, Featured |
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...
by Anti-Corruption Digest | Sep 30, 2020 | Anti-Corruption, Featured Article |
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...
by Anti-Corruption Digest | Sep 30, 2020 | Anti-Corruption, Asia |
Presidential spokesman Harry Roque said the President would instead use the remainder of his term to fight corruption in government. “Hindi natuloy ang resignation ni Presidente. Tingin ko hindi siya magre-resign ngayon dahil dalawang taon na lamang natitira sa...
by Anti-Corruption Digest | Sep 30, 2020 | Anti-Corruption, Europe |
President Zelenskyy heads to Brussels next week for the twenty-second annual EU-Ukraine Summit with bilateral ties at their most strained since the signing of a landmark Association Agreement in 2014. The relationship between Ukraine and the European Union has become...
by Anti-Corruption Digest | Sep 30, 2020 | Africa, Anti-Corruption |
Every year, an estimated $88.6 billion, equivalent to 3.7% of Africa’s GDP, leaves the continent as illicit capital flight, according to UNCTAD’s Economic Development in Africa Report 2020. Illicit financial flows (IFFs) are movements of money and assets across...
by Anti-Corruption Digest | Sep 30, 2020 | Africa, Anti-Corruption |
Huge sums of money flowing out of Africa through corrupt practices and illegal means are robbing the continent of billions of dollars and hampering efforts aimed at achieving the Sustainable Development Goals, a new UN report said. The report by the United Nations...
by Anti-Corruption Digest | Sep 30, 2020 | Cyber Risk, North America |
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 policy, announced by Amazon on July 8,, brings some of Amazon’s U.S.-based practices into conformity with policies in other...
by Anti-Corruption Digest | Sep 30, 2020 | Africa, Cyber Risk |
Deputies from Nicaraguan President Daniel Ortega’s party on Monday proposed a law that would make spreading fake news on social media punishable by up to four years in prison, government sources said. The draft bill would allow sentences of two to four years for “the...
by Anti-Corruption Digest | Sep 30, 2020 | Cyber Risk, Europe |
Hackers have penetrated the computer systems of the UK’s foreign ministry and taken hundreds of files detailing the country’s controversial propaganda programmes in war-torn Syria. In a security breach of enormous proportions, the hackers appear to have deliberately...
by Anti-Corruption Digest | Sep 30, 2020 | Cyber Risk, Middle East |
Walking into the Tel Aviv office of Israel National Cyber Directorate Head Yigal Unna, you immediately notice a very specific memento – a very weighted plaque with a golden plate that he was awarded by his counterparts in the United Arab Emirates. Unna was part of...
by Anti-Corruption Digest | Sep 30, 2020 | Africa, Cyber Risk |
French shipping giant CMA CGM has provided an updated on the malware attack that forced the group to shut down “periphery” servers to prevent it from spreading. In today’s update, CMA CGM said it had shut all external accesses to their network and computer...
by Anti-Corruption Digest | Sep 30, 2020 | North America, Security Risks |
As the world braces for a possible second wave of the Covid-19 pandemic, there is also growing concern in the counterterrorism, scientific and global public health communities over the potential future threat posed by bio-engineered pathogens. A few weeks ago,...
by Anti-Corruption Digest | Sep 30, 2020 | North America, Security Risks |
UNIVERSAL HEALTH SERVICES, a hospital and health care network with more than 400 facilities across the United States, Puerto Rico, and United Kingdom, suffered a ransomware attack early Sunday morning that has taken down its digital networks at locations around the...
by Anti-Corruption Digest | Sep 30, 2020 | Asia, Middle East |
According to a quote attributed to Otto von Bismarck, fools learn from experience while wise men learn from the experience of others. This adage likely served Bismarck well navigating the highly fractious and hypercompetitive world order in continental Europe of the...
by Anti-Corruption Digest | Sep 30, 2020 | Latin America, Security Risks |
Latin America has been perceived as the eternal promise of development given the abundant natural resources, good climate, and a growing middle class. According to the World Bank standard for income categorization, the region has been part of the world’s middle-income...
by Anti-Corruption Digest | Sep 30, 2020 | Middle East, Security Risks |
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 WAM said. The announcement came in a statement made by the minister of foreign affairs and international cooperation, Sheikh Abdullah...
by Anti-Corruption Digest | Sep 30, 2020 | Latin America, Security Risks |
BRASILIA: Brazil recorded 13,155 additional confirmed cases of the coronavirus in the past 24 hours, and 317 deaths from the disease, the Health Ministry said on Monday. Brazil has registered more than 4.7 million cases of the virus since the pandemic began, while the...
by Anti-Corruption Digest | Sep 30, 2020 | North America, Security Risks |
Since the country found out in 1973 that Richard Nixon paid an absurdly low sum of money in income tax, presidential candidates have felt obliged to release their tax returns for public scrutiny. But in 2016, Donald Trump broke with that precedent, refusing to release...
by Anti-Corruption Digest | Sep 30, 2020 | Anti- Money Laundering, Asia |
All things considered, Westpac’s record A$1.3 billion fine for breaching anti-money-laundering laws could have been worse. Each of the alleged 23 million breaches of the Anti-Money Laundering and Counter-Terrorism Act between 2010 and 2018 carried a penalty of up to...
by Anti-Corruption Digest | Sep 30, 2020 | Africa, Anti- Money Laundering |
New guidance from the FATF has been welcomed by the crypto industry, despite the compliance challenges it presents, writes Nathan Smale at Emfarsis. Members of the cryptocurrency industry have welcomed new guidance from the Financial Action Task Force (FATF) outlining...
by Anti-Corruption Digest | Sep 30, 2020 | Anti- Money Laundering, Asia |
Months after Hyderabad police busted an online betting racket via Chinese gambling Apps; it is soon going to file chargesheet against 4 accused persons. In connection with the same illegal online betting racket, ED had conducted raids across the country and had frozen...
by Anti-Corruption Digest | Sep 30, 2020 | Anti- Money Laundering, Asia |
Chainalysis is opening new offices in Tokyo and Singapore that will serve as hubs for sales, professional investigative services, and training, the blockchain analysis company announced on Twitter. Chainalysis serves as a strategic partner to financial institutions,...
by Anti-Corruption Digest | Sep 30, 2020 | Anti- Money Laundering, Security Risks |
As the CEO of Makeba, a money transfer startup, Yamandou Alexander appreciates a paradox about his slice of the global financial technology industry. While sending money online to friends and family abroad has never been easier thanks to fintech, building a business...
by Anti-Corruption Digest | Sep 30, 2020 | Europe, Middle East |
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. The artefact was seized by the Metropolitan Police after being tipped off by the British Museum. The ancient item dates back around...
by Anti-Corruption Digest | Sep 30, 2020 | Anti- Money Laundering, Europe |
The European Union, in collaboration with the United Nations Office on Drugs and Crime (UNODC) and the United Nations Interregional Crime and Justice Research Institute (UNICRI), is launching a new project entitled “Building Libya’s National Capacity to Prevent and...
by Anti-Corruption Digest | Sep 30, 2020 | Anti- Money Laundering, Latin America, North America |
Leaked documents involving about $2tn of transactions have revealed how some of the world’s biggest banks have allowed criminals to move dirty money around the world. They also show how Russian oligarchs have used banks to avoid sanctions that were supposed to...
by Anti-Corruption Digest | Sep 30, 2020 | Governance and Ethics, North America |
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 refuses to comply will be fined — as the positive coronavirus test rate in the city spiked above 3% for the first time in months....
by Anti-Corruption Digest | Sep 30, 2020 | Governance and Ethics, North America |
A West Allis nonprofit that operates nationwide has agreed to pay $1.9 million to the federal government after a whistleblower exposed it for repackaging Chinese products and claiming they had been made by visually impaired Americans. Such claims helped Industries for...
by Anti-Corruption Digest | Sep 30, 2020 | Governance and Ethics, North America |
A simulated phishing email that used the false promise of company bonuses as a lure to trick employees has ignited a debate over the ethics of security awareness testing that potentially engender distrust and hard feelings. On the one hand, simulations should mimic...
by Anti-Corruption Digest | Sep 30, 2020 | Europe, Governance and Ethics, North America |
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 million member-owners was surprise, anger and disappointment. More than 130,000 members have so far signed a petition to reverse the...
by Anti-Corruption Digest | Sep 30, 2020 | Africa, Governance and Ethics |
Retailers have invited the capital markets regulator and corporate governance experts to help streamline management within their operations to prevent recurring troubles. Speaking on the backdrop of ongoing boardroom scuffles at Tuskys, the Retail Traders Association...
by Anti-Corruption Digest | Sep 30, 2020 | Africa, Governance and Ethics |
As the COVID-19 crisis continues its relentless spread, questions have been raised about the availability and reliability of African data on the pandemic. Despite the catastrophic scenarios envisaged by some commentators, who foresaw large numbers of Africans dying in...
by Anti-Corruption Digest | Sep 30, 2020 | Governance and Ethics, Latin America |
Perhaps two of the most significant constitutional reforms in recent times in Mexico were completed in 2011 and 2015. In principle, the 2011 reforms were aimed to promote, respect and protect, and for the State to guarantee recognized human rights. The 2015...
by Anti-Corruption Digest | Sep 29, 2020 | Anti-Corruption, Asia |
MANILA, Philippines — Sen. Ping Lacson on Tuesday renewed his call on the President Rodrigo Duterte to exercise “strong political will” in the effort to weed out corruption from the government. This comes after Duterte in a televised address Monday night...
by Anti-Corruption Digest | Sep 29, 2020 | Anti-Corruption, Europe |
A coalition of international whistleblower advocacy groups has filed a public comment (link?) with Latvia’s government, providing suggestions for strengthening the country’s first whistleblower law passed in 2019. The coalition, consisting of the National...
by Anti-Corruption Digest | Sep 29, 2020 | Anti-Corruption, Europe |
In an explosive investigative report by Buzzfeed News, the International Consortium of Investigative Journalists and other news organizations, it was revealed that $2 trillion of questionable transactions were laundered through the largest most prominent banks in the...
by Anti-Corruption Digest | Sep 29, 2020 | Anti-Corruption, Middle East |
The United Arab Emirates is hoping that, among other benefits, the agreement to normalize its relations with Israel will bring succour to the Gulf nation’s economy, hit hard by declining oil revenues and the coronavirus pandemic. Indeed, Emirati Economy Minister...
by Anti-Corruption Digest | Sep 29, 2020 | Africa, Anti-Corruption |
On Thursday 17 September, Lawyers for Human Rights, the Scalabrini Centre and Corruption Watch launched a report titled “Costly protection: corruption in South Africa’s asylum system”. They also hosted a discussion moderated by Sharon Ekambaram from Lawyers for Human...
by Anti-Corruption Digest | Sep 29, 2020 | Anti-Corruption, Asia |
In the central Chinese city of Wuhan, where cases of the novel coronavirus were first detected late last year, the mood was one of triumph this week, as residents finally emerged from months of lockdown. This was reflected in state media, as the city which once...
by Anti-Corruption Digest | Sep 29, 2020 | Governance and Ethics, North America |
The Securities and Exchange Commission (SEC) recently announced that it has granted its 100th whistleblower award, with the most recent tipster, a company outsider, receiving an award of more than $1.8 million. According to the US regulator’s statement on Monday, the...
by Anti-Corruption Digest | Sep 29, 2020 | Europe, Governance and Ethics |
To families running their own businesses, here’s something to think about: Do you make decisions and solve problems together? Are your lines of communication always open? According to a group of family business advisors from here and abroad, asking these questions is...
by Anti-Corruption Digest | Sep 29, 2020 | Governance and Ethics, Latin America |
On September 8, the World Wildlife Fund (WWF) held a webinar on the importance of protecting whistleblowers who report wildlife crimes. Whistleblower protection: A tool for stopping corruption that threatens the world’s forests, fisheries, and wildlife examined the...
by Anti-Corruption Digest | Sep 29, 2020 | Europe, Governance and Ethics |
In the last five years, there has been a revolution in corporate governance in Ukraine. Starting with establishment of Supervisory boards in state – owned enterprises and ending with huge interest from private companies and all business owners; corporate governance...
by Anti-Corruption Digest | Sep 29, 2020 | Governance and Ethics |
WASHINGTON, Sept 28 (Reuters) – The Trump administration faces ongoing court battles after two legal setbacks in its efforts to bar U.S. app stores from offering Chinese-owned TikTok or WeChat for download. In two separate rulings, judges have questioned the...
by Anti-Corruption Digest | Sep 29, 2020 | Asia, Governance and Ethics |
TAIPEI, TAIWAN – Facebook’s deletion of accounts targeting the Philippines from bases in China shows that the U.S. internet giant wants a better reputation in Southeast Asia after letting things slide in the past, say analysts who follow the case. On September...
by Anti-Corruption Digest | Sep 29, 2020 | Africa, Governance and Ethics |
The South African Institute of Chartered Accountants (Saica) has dedicated the month of October to ethics due to the Global Ethics Day being on October 21. The October edition of the Accountancy South Africa magazine will contain a series of ethics-related articles...
by Anti-Corruption Digest | Sep 29, 2020 | Anti- Money Laundering, Asia |
HSBC has received a much-needed vote of confidence from its largest investor after China’s Ping An Asset Management increased its stake in the embattled bank. The move comes after the lender was caught in the middle of rising diplomatic tensions between Washington and...
by Anti-Corruption Digest | Sep 29, 2020 | Anti- Money Laundering, Anti-Corruption, Asia |
There has been an uptick in the amount of online gaming in the Philippines recently, some of which has been determined to be operating beyond the scope of gambling laws. The country’s gambling regulator, PAGCOR, is perplexed over how this could be possible, since...
by Anti-Corruption Digest | Sep 29, 2020 | Anti- Money Laundering, Europe |
The European Banking Authority has called for the creation of a single body to oversee the European Union’s anti-money laundering and counter the financing of terrorism efforts. The EBA also calls for the EU to increase its ability to regulate member states’ AML/CFT...
by Anti-Corruption Digest | Sep 29, 2020 | Anti- Money Laundering, Latin America |
A group of South Florida property owners’ alleged ties to global money laundering are revealed in newly leaked bank documents. A family who owns a home worth more than $2 million in the Jockey Circle neighborhood in Davie and a man accused of buying an $850,000 Tudor...
