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Anti-Corruption Daily Newsletter for 02/27/2020
Anti-Corruption Daily Newsletter for 02/27/2020
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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
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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.
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By Paul Mackessey on Feb 27, 2020 02:19 am
Currently pending in the U.S. Congress is Senate Bill 2563, the Illicit Cash Act. This bipartisan bill was introduced by eight members of the Senate Banking Committee (four Republicans and four Democrats) and is intended to increase the enforcement of anti-money laundering laws. As explained by the sponsors, the bill is designed to "help law enforcement combat illicit financial activity being carried out by terrorists, drug and human traffickers, and other criminals. It would "update decades-old anti-money laundering" laws by giving "law enforcement the tools they need to fight criminal networks."
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By Paul Mackessey on Feb 27, 2020 02:18 am
New York (CNN Business)Wells Fargo was hit with a $3 billion fine Friday by federal authorities outraged by the millions of fake accounts created at the troubled bank over many years.
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By Paul Mackessey on Feb 27, 2020 02:16 am
KUALA LUMPUR: Former Malaysian prime minister Najib Razak is scheduled to meet the king at Istana Negara on Tuesday (Feb 25), his lawyer Muhammad Shafee Abdullah said, after his corruption trial was adjourned to the next day.
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By Paul Mackessey on Feb 27, 2020 02:16 am
Mubarak spent thirty years in office, an era full of prosperity and corruption, before a popular uprising swept though the nation. He was found guilty of complicity in the killing of protesters during the revolution, following a wave of protest across the Middle East and North Africa. The conviction was overturned and he was freed in March 2017.
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By Paul Mackessey on Feb 27, 2020 02:16 am
After the dramatic events of 2019 and the beginning of 2020, during which time both the ruling regime of Nicolás Maduro and the interim government headed by Juan Guaidó attempted but failed to land a knockout blow on each other, an uneasy status quo has settled on Venezuela.
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By Paul Mackessey on Feb 27, 2020 02:14 am
Bratislava, Slovakia - Corruption is not only the central issue in the upcoming Slovak elections, it's the only issue.
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By Paul Mackessey on Feb 27, 2020 02:14 am
Jerusalem (CNN)Prime Minister Benjamin Netanyahu's criminal trial is set to begin March 17, just two weeks after Israel's elections, the Justice Ministry announced Tuesday.
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By Paul Mackessey on Feb 27, 2020 02:12 am
When previous President Hosni Mubarak was acquitted of corruption in January 2015, experts had actually currently anticipated it as an inevitable verdict. For several it was proof that the deep state existed.
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By Paul Mackessey on Feb 27, 2020 02:09 am
MEXICO CITY (Reuters) - Mexican law enforcement authorities are investigating a former president, Enrique Pena Nieto, as part of an inquiry into corruption, the Wall Street Journal reported on Wednesday.
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By Paul Mackessey on Feb 27, 2020 02:07 am
Responding to news that investigative journalist Erick Kabendera has been released from jail after paying fines amounting to more than 118,000 US dollars, Amnesty International’s Director for East and Southern Africa Deprose Muchena said:
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By Paul Mackessey on Feb 27, 2020 02:06 am
VICTORIA FALLS, Zimbabwe, Feb. 25 (Xinhua) -- Africa has been urged to fight the scourge of corruption and enhance peace and security to expedite achievement of Sustainable Development Goals (SDGs).
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By Paul Mackessey on Feb 27, 2020 01:57 am
The debate over whistleblower protection shifted to the impeachment trial, where another attempt was made to reveal the name of a person some think is the Ukraine Whistleblower. But, an important disclosure didn’t get much attention during the partisan sparring at this week’s House Oversight Committee hearing on whistleblower protections.
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By Paul Mackessey on Feb 27, 2020 01:56 am
Roughly 60% of the companies named on Tuesday as Ethisphere Institute’s most ethical for 2020 have an independent chief compliance or ethics officer who reports directly to the CEO rather than the manager of another business function.
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By Paul Mackessey on Feb 27, 2020 01:55 am
Professor John Aheto, Council Member, Institute of Directors (IoD) – Ghana has described, “Ethical strength” as a key component in good corporate governance and must be prioritised ahead of competence.
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By Paul Mackessey on Feb 27, 2020 01:54 am
It’s been popular in recent years for certain wealthy capitalists to claim they will “run government like a business” when they seek political office. While that may sound good to some, neither the state nor national Constitution ever suggests that governance and business are or should be the same — just the opposite, in fact. The Founding Fathers specifically designed our government structure to ensure life and liberty to benefit the well-being of the governed through the checks and balances of three separate but equal branches of government. It is at our peril — and that of our democracy — should we confuse business with governance.
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By Paul Mackessey on Feb 27, 2020 01:52 am
As scrutiny of public company leadership increases, corporations are feeling the pressure to get out ahead of criticism by examining and adjusting the makeup of their boards. This makes 2020 a great time for business leaders interested in joining corporate boards—including professionals from nontraditional backgrounds and underrepresented groups—to make the jump into one of these high-profile roles.
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By Paul Mackessey on Feb 27, 2020 01:48 am
The Pentagon on Monday rolled out a sweeping set of ethical guidelines to govern the use of artificial intelligence on the battlefield, marking a major step forward in the military’s campaign to establish firm controls over 21st-century technology and ensure that humans retain control over machines.
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By Paul Mackessey on Feb 27, 2020 01:47 am
The United Nations in South Africa notes with concern the findings of the investigation by the Commission for Gender Equality on forced and coerced sterilization in public hospitals in the Gauteng and Kwazulu Natal provinces. The report details the horrific discrimination, mistreatment and human rights violations suffered by at least 48 women, based on their HIV status, race and gender.
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By Paul Mackessey on Feb 27, 2020 01:44 am
B.C.’s money laundering inquiry heard Tuesday that Robert Kroeker — a former B.C. Lottery executive also previously responsible for compliance at a Richmond casino — plans to defend his actions and attack “disinformation” about B.C.’s casinos.
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By Paul Mackessey on Feb 27, 2020 01:43 am
ZURICH, Feb 26 (Reuters) - Switzerland's financial watchdog will probe the actions of individuals at Julius Baer BAER.S after it reprimanded the bank for ignoring money-laundering risks in payments linked to corruption in Venezuela and world soccer body FIFA.
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By Paul Mackessey on Feb 27, 2020 01:40 am
Yesterday, there was no mistaking that there's a rebellious mood in the land.
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By Paul Mackessey on Feb 27, 2020 01:35 am
While some governments are selling bitcoins (BTC) confiscated through law enforcement actions, Finland is yet to decide what to do with its seized BTC.
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By Paul Mackessey on Feb 27, 2020 01:34 am
Gambling is a crime in China. Officially, China considers offshore gambling through the internet a criminal activity. Why is China tolerating POGOs then?
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By Paul Mackessey on Feb 27, 2020 01:32 am
Set against the backdrop of Franschhoek’s breathtaking mountain range, the historic La Terra De Luc wine estate was revealed in the Panama Papers to be owned by the family of Vito Palazzolo, a notorious financier alleged to have worked for the Italian mafia.
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By Paul Mackessey on Feb 27, 2020 01:31 am
Law firm Deminor, located in Brussels, says it has filed legal charges against Thomas Borgen, the ousted chief executive officer of Denmark’s Danske Bank, which is embroiled in the largest money laundering scandal in Europe.
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By Paul Mackessey on Feb 27, 2020 01:22 am
Rui Pinto had released an estimated 70 million documents exposing footballing royalty. (Source: Twitter)
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By Paul Mackessey on Feb 27, 2020 01:21 am
The UK's data protection regulator, the ICO, intends to fine Marriott International, Inc £99.2 million. This proposed fine arises from a cyber-incident which affected Starwood hotels from 2014 to 2018. Marriott bought Starwood hotels in 2016 while the incident was ongoing.
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By Paul Mackessey on Feb 27, 2020 01:17 am
Very few African states today have developed a national cybersecurity strategy or have in place cybersecurity and data protection regulations and laws. Yet, the continent has made major headway in developing its digital ecosystem, and moreover, it is home to the largest free trade area in the world, which is predicted to create an entirely new development path harnessing the potential of its resources and people.
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By Paul Mackessey on Feb 27, 2020 01:14 am
The Department of Homeland Security’s cyber chief said his organization is trying to do more to address ransomware and other digital threats that directly touch the lives of citizens.
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By Paul Mackessey on Feb 27, 2020 01:10 am
All executives and boards should ask: How can my business recover if it loses access to valuable systems and data, or if the integrity of its systems and data is compromised?
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Anti-Corruption Daily Newsletter for 02/25/2020
Anti-Corruption Daily Newsletter for 02/25/2020
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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
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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.
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By Paul Mackessey on Feb 25, 2020 10:33 am
In the Trump era, we are periodically given to despair over the rupture of the rule of law in America. That flared up again last week with the comical pardons of every rogue who managed to get a family member on Fox News, as well as the 11th-hour change to the Justice Department’s recommended sentence for convicted felon Roger Stone, who’s probably days away from his own pardon. The prosecutors who resigned from the Stone case in disgust and associated legal experts have lamented the perversion of the justice system evident at the highest levels.
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By Paul Mackessey on Feb 25, 2020 10:33 am
SAP’s Africa head said the German software company is battling to complete investigations following allegations its employees paid kickbacks for government business in East and southern Africa.
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By Paul Mackessey on Feb 25, 2020 10:31 am
A new report from the University of Chicago has shed light on the U.S. cities and states with the most public-sector corruption. Co-authored by UIC professor and political advisor Dick Simpson, the report is based on an analysis of public corruption statistics released by the U.S. Department of Justice. Across all states and Federal Judicial Districts in the United States, there have been 19,634 public corruption convictions over the past ten years. In 2018 alone, 695 public official, federal employees and government contractors were convicted of public corruption.
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By Paul Mackessey on Feb 25, 2020 10:29 am
A cricketer from Oman has been banned for seven years by the ICC for breaching cricket’s anti-corruption code, in a case that could provide a guide to potential sanctions facing three UAE players.
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By Paul Mackessey on Feb 25, 2020 10:28 am
Singapore’s Sembcorp Marine has announced that a federal court in Brazil has sentenced Guilherme Esteves de Jesus, a former advisor to the company’s subsidiary Estaleiro Jurong Aracruz (EJA), to prison for corruption, money laundering and participation in a criminal organisation.
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By Paul Mackessey on Feb 25, 2020 10:26 am
SAP’s Africa head says the German software company is battling to complete investigations following allegations that its employees paid kickbacks for government business in East and Southern Africa.
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By Paul Mackessey on Feb 25, 2020 10:16 am
MANILA - President Rodrigo Duterte urged Filipinos Tuesday to set aside "petty" political differences as the Philippines marked the 34th anniversary of the EDSA People Power Revolution which restored democracy in the country.
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By Paul Mackessey on Feb 25, 2020 10:16 am
On the lead-up to a recent buck’s party, the group chat turned to the age-old question: will there be strippers? After some back and forth (for the record, I was opposed), the groom-to-be stepped in with the veto. “No strippers!” he declared.
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By Paul Mackessey on Feb 25, 2020 10:14 am
Nearly six weeks after China announced the coronavirus outbreak, there’s still a surprising amount we don’t know about this newly discovered disease. But one thing is becoming clear: China’s silence in the earliest days of the crisis may have made it worse.
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By Paul Mackessey on Feb 25, 2020 10:13 am
It was not until 2005 that the Local Government Pension Scheme regulations gained their very first mention of the word ‘governance’. Since then we have seen an explosion in the use of the term, as expectations have developed and grown around what good governance means for the LGPS.
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By Paul Mackessey on Feb 25, 2020 10:08 am
In the 21st century we are still dealing with stigma of mental illness in both the developing and developed worlds. Challenges in daily practice are different in the South Asian region from those in the developed countries.
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By Paul Mackessey on Feb 25, 2020 10:04 am
The Sustainable Development Goals (SDGs) transcended the Millennium Development Goals (MDGs) on several accounts. One of the transformative changes has been in making the SDGs more inclusive by accommodating issues of human rights, inequality, gender empowerment and non-concessional finances1 for inclusive development. The objective of such an outreach activity is to accommodate the natural resource endowments, protect and promote indigenous cultures and people, and strongly entwine the dimensions of the triple bottom line.2 The vulnerability to social risks like civil conflicts or governance failures, and environmental risks like natural disasters or water scarcity, can lead to multidimensional and long-term damages. Out of 169 targets and 230 indicators of the SDGs, there is a strong
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By Paul Mackessey on Feb 25, 2020 10:00 am
There are an array of important issues being examined around the world right now. Conversations surrounding sustainability, labor, community development, equal opportunity and equitable representation are becoming more prominent in nearly every country, culture and profession, and the wine industry is not immune.
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By Paul Mackessey on Feb 25, 2020 09:57 am
Contxto – Ethics is a boring word. And yet it’s a critical topic that should be on the mind of anyone in a product development team.
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By Paul Mackessey on Feb 25, 2020 01:18 am
Today, the Kisutu Resident Magistrates Court in Dar es Salaam accepted a plea bargain and freed Kabendera, who had been held on tax evasion, money laundering, and organized crime charges since July 29, 2019, according to a report by BBC Swahili and local news reports. Under the plea bargain, Kabendera was convicted on the tax evasion and money laundering charges, the organized crime charge was dropped, and he was fined 273 million Tanzanian shillings ($118,000), according to those reports.
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By Paul Mackessey on Feb 25, 2020 01:17 am
COPENHAGEN, Jan 31 (Reuters) - U.S. authorities could face difficulties fining Danske Bank DANSKE.CO over its involvement in suspected money-laundering in Estonia, according to a report by S&P Global Market Intelligence.
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By Paul Mackessey on Feb 25, 2020 01:14 am
VANCOUVER (NEWS 1130) – A months-long money laundering inquiry is about to start in Vancouver, digging into dirty money funnelled through B.C.’s casinos, real estate, and luxury car sales.
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By Paul Mackessey on Feb 25, 2020 01:12 am
The ousted chief executive of Danske Bank A/S, Thomas Borgen, has been personally targeted in an investor lawsuit arguing he withheld information about potential money laundering that subsequently destroyed the lender’s market value.
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By Paul Mackessey on Feb 25, 2020 01:11 am
Living in ‘parts unknown’ – and wanted for questioning in Angola over the alleged embezzlement of over €2 billion of State funds – Isabel dos Santos appears not to be opting for ‘a quiet life’.
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By Paul Mackessey on Feb 25, 2020 01:10 am
The FATF (Financial Action Task Force) and the APG (Asia/Pacific Group on Money Laundering) have concluded that South Korea understands the AML/CFT risks it faces and has a sound legal and institutional framework that is “delivering some good results”.
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By Paul Mackessey on Feb 25, 2020 01:08 am
Libya’s private sector North African Bank announced a new public tender and an extension of an old tender last week.
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By Paul Mackessey on Feb 25, 2020 01:06 am
FIOD arrested the Dutch nationals in separate crypto tax evasion investigations, recovering about 260,000 in unnamed cryptocurrencies and more than 6.6 pounds of gold. Credit and debit cards holding crypto and euros were also seized, among other items.
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By Paul Mackessey on Feb 25, 2020 01:05 am
U.S. Treasury allegations that Russian billionaire Oleg Deripaska has deep and secretive financial links with Russian President Vladimir Putin have been rejected as “unfounded gossip” and a “deliberate weaponisation of US legal clout for political ends” by Deripaska.
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By Paul Mackessey on Feb 25, 2020 01:04 am
The Central Bank of the UAE is investigating the largest bank in Pakistan to determine whether it has violated laws prohibiting money laundering and financing terrorism.
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By Paul Mackessey on Feb 25, 2020 12:53 am
A fraudster who stole $740,000 from Benton County concocted an elaborate scheme with very detailed knowledge of a contractor working on county projects.
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By Paul Mackessey on Feb 25, 2020 12:51 am
The summit will bring together more than 600 representatives from more than 200 private organizations as well as regulatory authorities. Focused on the theme, “Accelerating Cyber Security for a Safer Africa”, attendees will include top IT, Risk, Compliance, Cyber Law, Law Enforcement decision-makers from across the region.
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By Paul Mackessey on Feb 25, 2020 12:50 am
Two US senators have introduced a bill to ban cyber-flashing and penalize repeat offenders with hefty fines.
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By Paul Mackessey on Feb 25, 2020 12:49 am
The president of the European Central Bank (ECB), Christine Lagarde, has gone on record to warn that a cyber-attack on a major financial institution could trigger a liquidity crisis.
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By Paul Mackessey on Feb 25, 2020 12:47 am
Lebanese activists and journalists, Gino Raidy, Dima Sadek and Charbel Al-Khoury were summoned by the Criminal Investigation Department on Saturday for interrogation by the security authorities for spreading “fake news” about a local party and “inciting sectarianism and racism”.
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By Paul Mackessey on Feb 25, 2020 12:46 am
A security incident described as "a cyber-attack" has crippled some business operations at INA Group, Croatia's biggest oil company, and its largest petrol station chain.
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Anti-Corruption Daily Newsletter for 02/24/2020
Anti-Corruption Daily Newsletter for 02/24/2020
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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
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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.
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By Paul Mackessey on Feb 24, 2020 02:16 am
BRUSSELS, Feb 21 (Reuters) - EU antitrust regulators fined Spanish hotel group Melia 6.7 million euros ($7.2 million) on Friday for discriminating against customers based on their country of residence, the latest sanction against practices preventing customers from shopping for the lowest deals in the bloc.
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By Paul Mackessey on Feb 24, 2020 02:14 am
Mexican law enforcement authorities are investigating former President Enrique Pena Nieto as part of an inquiry into corruption, the Wall Street Journal (WSJ) reported on Wednesday.
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By Paul Mackessey on Feb 24, 2020 02:13 am
The United States has welcomed Ukraine’s progress in the fight against corruption and the implementation of institutional reforms, and also reaffirmed its commitment to a peaceful settlement to the conflict in Donbas.
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By Paul Mackessey on Feb 24, 2020 02:09 am
An Israeli court has said the corruption trial of Prime Minister Benjamin Netanyahu will begin on March 17, two weeks after national elections are held.
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By Paul Mackessey on Feb 24, 2020 02:07 am
MANILA (Philippine Daily Inquirer/ANN): President Rodrigo Duterte has ordered the sacking of all immigration officials and employees allegedly involved in a bribery scheme that allowed hundreds of thousands of Chinese to illegally enter the country to work for Philippine offshore gaming operators (Pogos) as a whistleblower unravelled more details of the airport payoffs during a Senate hearing on Thursday (Feb 20).
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By Paul Mackessey on Feb 24, 2020 02:06 am
Dubai: Emiratis have sought elite audit duties as part of a plan to increase the level of Emiratisation at the Financial Audit Authority to 80 per cent in the next three years, an official said.
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By Paul Mackessey on Feb 24, 2020 02:05 am
It seems our government officials are always the last to know what’s going on right under their noses. The officers of the Bureau of Immigration were “surprised” at the revelation by one of their own of the airport “Pastillas” bribery racket, where Chinese nationals are given unbridled entry into the country without the usual evaluation and questioning, for a fee of P10,000 per person.
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By Paul Mackessey on Feb 24, 2020 02:00 am
So many scams in the country's banking industry in recent past have pushed the entire sector towards grave danger. Scams in 14 banks in the past decade cost Tk 225.02 billion, according to a report of the Center for Policy Dialogue (CPD). Latest Bangladesh Bank (BB) data show the total bad loans account for 9.32 per cent of total outstanding loans (as of December 31, 2019).
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By Paul Mackessey on Feb 24, 2020 01:57 am
Today Warren Buffett shared his thoughts on the current state of corporate boards in his annual shareholder letter (pdf).
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By Paul Mackessey on Feb 24, 2020 01:55 am
Artificial Intelligence (AI) has the potential to deliver widespread societal impact, from finding cures for diseases, predicting crop shortages and improving business productivity, the possibilities are endless.
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By Paul Mackessey on Feb 24, 2020 01:53 am
In January 2020, the U.S. Department of Commerce published new rates for the civil penalties payable in False Claims Act whistleblower cases. The new rates set the sanction for each false claim filed with the government between a minimum of $11,463 and a maximum of $23,331.
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By Paul Mackessey on Feb 24, 2020 01:52 am
In this interview with NIKE POPOOLA, the President, Institute of Chartered Secretaries & Administrators of Nigeria, Mr Bode Ayeku, speaks on why all sectors should adopt corporate governance in line with international standards among other issues
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By Paul Mackessey on Feb 24, 2020 01:49 am
The Premium Segment of the London Stock Exchange (LSE) is London’s highest standard listing regime: companies listed on the Premium Segment must comply with stringent eligibility criteria and continuing obligations.
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By Paul Mackessey on Feb 24, 2020 01:48 am
“It’s obvious from the report that profound changes in corporate governance and risk management need to be made if new disasters like those which happened in Brumadinho and Mariana are to be avoided,” José Adércio Sampaio, the head federal prosecutor investigating the dam burst, told Reuters.
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By Paul Mackessey on Feb 24, 2020 01:47 am
Market Expertz offers an in-depth market assessment, including accurate forecasts, growth-inducing market aspects, holistic view of the competitive landscape, and critical market insights to give companies relevant data that is essential for making well-informed decisions. A
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By Paul Mackessey on Feb 24, 2020 01:42 am
Last week, officials at the Dutch Fiscal Intelligence and Investigation Service (FIOD) announced the arrest of two men believed to be using cryptocurrencies to launder money.
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By Paul Mackessey on Feb 24, 2020 01:41 am
A BULAWAYO couple has appeared in court charged with theft and money-laundering involving $500 000. They allegedly committed the offence through their EcoCash agent line which they hired out to a business operator in the city.
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By Paul Mackessey on Feb 24, 2020 01:39 am
The special Prevention of Money Laundering Act (PMLA) court on Friday granted bail to Dewan Housing Finance Corporation (DHFL) promoter Kapil Wadhawan, 46. He was arrested on January 27 in connection with the money-laundering probe against late gangster Iqbal Mirchi.
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By Paul Mackessey on Feb 24, 2020 01:37 am
The Federal Public prosecutor’s office denounced José Edivan Felix, former mayor of Catingueira.The defendant already is serving 40 years in prison for fraud and embezzlement of public funds.The Public Ministry of Brazil accused the former mayor of Catingueira, José Edivan Felix, for being involved in an alleged money-laundering scheme using cryptocurrencies as bitcoin and megacoin. The record of the prosecution occurs while Edivan Felix meets a sentence of 40 years in prison for committing fraud and embezzlement of public funds by the order of the 7.700.000 million reais, or 1.75 million dólares.
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By Paul Mackessey on Feb 24, 2020 01:33 am
China said Sunday that it has obtained a list of Chinese nationals working for online gaming operations in the Philippines, in an ongoing effort to curb gambling and entities defrauding the country.
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By Paul Mackessey on Feb 24, 2020 01:31 am
Hong Kong (CNN Business)As the novel coronavirus outbreak continues to batter China, the country's central bank has implemented a new strategy to contain the virus -- deep cleaning and destroying potentially infected cash.
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By Paul Mackessey on Feb 24, 2020 01:31 am
JAKARTA: An international financial watchdog has placed Myanmar on its money-laundering watchlist, urging the country at the heart of the drug-producing “Golden Triangle” to boost its efforts to seize crime proceeds.
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By Paul Mackessey on Feb 24, 2020 01:24 am
State prosecutors in Angola have indicted Isabel dos Santos, Africa’s richest woman and daughter of Angola’s former president, on fraud-related charges for mismanaging and embezzling funds during her 18-month stint as chair of the state’s oil firm, Sonangol.
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By Paul Mackessey on Feb 24, 2020 01:23 am
The Central Bank of the UAE is investigating the largest bank in Pakistan to determine whether it has violated laws prohibiting money laundering and financing terrorism.
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By Paul Mackessey on Feb 24, 2020 01:22 am
Bulgarian Prime Minister Boyko Borissov has denied links to a suspected money-laundering scheme based in Barcelona. He issued the denial after a Barcelona-based newspaper published a front-page report on Friday claiming he and other senior officials in Sofia might be linked to another Bulgarian citizen in Spain suspected of laundering millions of euros through the city.
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By Paul Mackessey on Feb 24, 2020 01:20 am
Switzerland’s market watchdog criticized private bank Julius Baer Gruppe AG on Thursday in connection with money-laundering claims involving the FIFA soccer federation and Venezuela’s national oil company.
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By Paul Mackessey on Feb 24, 2020 01:19 am
TAMPA, Fla. (CBS12) — A former Drug Enforcement Administration (DEA) agent and his wife face a 19-count indictment for their alleged roles to divert money from undercover money laundering investigations into bank accounts controlled by them and other family members as well as other criminal associates.
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By Paul Mackessey on Feb 24, 2020 01:11 am
Washington (CNN)The US, UK, and Georgia accused the Russian military Thursday of being behind a major 2019 cyber attack on Georgia that disrupted "several thousand Georgian government and privately-run websites and interrupted the broadcast of at least two major television stations."
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By Paul Mackessey on Feb 24, 2020 01:10 am
The more sophisticated the attacks are, the devastating their consequences would be. Nowadays, pre-planned strategies are not enough for organizations, especially for small businesses that can’t spend much to build a secure and safe cyber environment. Reports suggest 60% of small businesses face bankruptcy within six months of a cyberattack.
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By Paul Mackessey on Feb 24, 2020 01:08 am
As the need to shift to more sustainable forms of energy becomes more pronounced due to climate change, insurance will be crucial in helping Asian nations in achieving the transition to renewable energy, according to a report by Willis Towers Watson.
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