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Anti-Corruption Daily Newsletter for 10/01/2020
Anti-Corruption Daily Newsletter for 10/01/2020
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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 Anti-Corruption Digest on Sep 30, 2020 12:29 pm
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.
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By Anti-Corruption Digest on Sep 30, 2020 12:27 pm
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.
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By Anti-Corruption Digest on Sep 30, 2020 12:25 pm
Presidential spokesman Harry Roque said the President would instead use the remainder of his term to fight corruption in government.
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By Anti-Corruption Digest on Sep 30, 2020 12:24 pm
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 significantly stronger during the past six years, but backsliding by the Zelenskyy government in Kyiv on key anti-corruption measures is now sparking concern among Ukraine’s European partners over the country’s future direction.
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By Anti-Corruption Digest on Sep 30, 2020 12:22 pm
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.
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By Anti-Corruption Digest on Sep 30, 2020 12:21 pm
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.
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By Anti-Corruption Digest on Sep 30, 2020 12:03 pm
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 jurisdictions, including Europe, Japan, and Mexico. It also comes on the heels of record-setting online retail sales and the restructuring of traditional retail as we know it.
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By Anti-Corruption Digest on Sep 30, 2020 12:03 pm
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.
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By Anti-Corruption Digest on Sep 30, 2020 12:00 pm
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.
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By Anti-Corruption Digest on Sep 30, 2020 11:59 am
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 the historic delegation that traveled to Abu Dhabi last month after the landmark peace deal between Israel and the UAE was announced, and the plaque sheds light on the deep cyber and technological ties between the two countries.
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By Anti-Corruption Digest on Sep 30, 2020 11:59 am
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.
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By Anti-Corruption Digest on Sep 30, 2020 11:45 am
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.
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By Anti-Corruption Digest on Sep 30, 2020 11:43 am
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 US. As the situation has spiraled, some patients have reportedly been rerouted to other emergency rooms and facilities and had appointments and test results delayed as a result of the attack.
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By Anti-Corruption Digest on Sep 30, 2020 11:41 am
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 late 19th century. It also, apparently, influences China’s ambitions to displace and supplant U.S. influence in the Middle East.
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By Anti-Corruption Digest on Sep 30, 2020 11:40 am
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 statistics since the 1970s.
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By Anti-Corruption Digest on Sep 30, 2020 11:38 am
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.
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By Anti-Corruption Digest on Sep 30, 2020 11:37 am
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.
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By Anti-Corruption Digest on Sep 30, 2020 11:36 am
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 his tax returns for spurious
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By Anti-Corruption Digest on Sep 30, 2020 08:28 am
All things considered, Westpac’s record A$1.3 billion fine for breaching anti-money-laundering laws could have been worse.
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By Anti-Corruption Digest on Sep 30, 2020 08:27 am
New guidance from the FATF has been welcomed by the crypto industry, despite the compliance challenges it presents, writes Nathan Smale at Emfarsis.
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By Anti-Corruption Digest on Sep 30, 2020 08:25 am
Months after Hyderabad police busted an online betting racket via Chinese gambling Apps; it is soon going to file chargesheet against 4 accused persons.
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By Anti-Corruption Digest on Sep 30, 2020 08:24 am
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.
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By Anti-Corruption Digest on Sep 30, 2020 08:23 am
As the CEO of Makeba, a money transfer startup, Yamandou Alexander appreciates a paradox about his slice of the global financial technology industry.
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By Anti-Corruption Digest on Sep 30, 2020 08:22 am
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.
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By Anti-Corruption Digest on Sep 30, 2020 07:53 am
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 Combat Corruption and Money Laundering”, the EU announced yesterday.
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By Anti-Corruption Digest on Sep 30, 2020 07:51 am
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.
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By Anti-Corruption Digest on Sep 30, 2020 07:43 am
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.
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By Anti-Corruption Digest on Sep 30, 2020 07:40 am
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.
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By Anti-Corruption Digest on Sep 30, 2020 07:39 am
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.
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By Anti-Corruption Digest on Sep 30, 2020 07:38 am
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.
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Anti-Corruption Daily Newsletter for 09/29/2020
Anti-Corruption Daily Newsletter for 09/29/2020
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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 Anti-Corruption Digest on Sep 29, 2020 03:16 pm
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.
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By Anti-Corruption Digest on Sep 29, 2020 03:14 pm
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.
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By Anti-Corruption Digest on Sep 29, 2020 03:12 pm
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 world. The funds flowed, according to the reports, to “terrorists, kleptocrats and drug kingpins,” enriching the banks and their shareholders.
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By Anti-Corruption Digest on Sep 29, 2020 02:59 pm
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.
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By Anti-Corruption Digest on Sep 29, 2020 02:58 pm
On Thursday 17 September, Lawyers for Human Rights, the Scalabrini Centre and Corruption Watch launched a report titled “Costly protection: corruption in
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By Anti-Corruption Digest on Sep 29, 2020 02:57 pm
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.
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By Anti-Corruption Digest on Sep 29, 2020 02:28 pm
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.
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By Anti-Corruption Digest on Sep 29, 2020 02:27 pm
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?
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By Anti-Corruption Digest on Sep 29, 2020 02:25 pm
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 legal options that potential international whistleblowers have when they witness fraud or corruption abroad and what organizations can do to improve those options.
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By Anti-Corruption Digest on Sep 29, 2020 02:24 pm
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 has become a trend. Whether it is right or wrong, it is likely to continue. In response to the market demand; the National Securities and Stock Market Commission has adopted the Core Code of Corporate Governance: Requirements and Recommendations (the Code) introducing international standards and best practices in corporate governance for Ukrainian companies.
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By Anti-Corruption Digest on Sep 29, 2020 02:23 pm
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.
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By Anti-Corruption Digest on Sep 29, 2020 02:22 pm
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.
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By Anti-Corruption Digest on Sep 29, 2020 02:20 pm
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 and Saica is launching a series of webinars addressing various aspects of ethics affecting the accounting profession.
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By Anti-Corruption Digest on Sep 29, 2020 12:14 pm
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.
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By Anti-Corruption Digest on Sep 29, 2020 12:11 pm
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 existing financial and anti-money laws require banks and other money-handlers to do their job in preventing illegal activity. As a result, PAGCOR wants the country’s central bank, the Bangko Sentral ng Pilipinas (BSP), to take a closer look at all financial entities along with the Anti-Money Laundering Council (AMLC) to determine if any underhanded activity is occurring.
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By Anti-Corruption Digest on Sep 29, 2020 12:10 pm
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.
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By Anti-Corruption Digest on Sep 29, 2020 12:09 pm
A group of South Florida property owners’ alleged ties to global money laundering are revealed in newly leaked bank documents.
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By Anti-Corruption Digest on Sep 29, 2020 12:07 pm
The Campaign Legal Center said in the 81-page filing that the president’s reelection campaign and campaign committee hid $170 million in spending to major vendors as well as family members and associates by diverting the money through firms headed by Brad Parscale, who was replaced as campaign manager in July, as well as other senior campaign officials.
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By Anti-Corruption Digest on Sep 29, 2020 11:34 am
Metro Manila (CNN Philippines, September 29) - President Rodrigo Duterte said on Monday that he wants a dialogue with social media giant Facebook after it recently shut down pages linked to the state forces that were found spreading misinformation.
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By Anti-Corruption Digest on Sep 29, 2020 08:34 am
Pakistani anti-corruption officials arrested the country's opposition leader on Monday, September 28, days after he vowed to help lead efforts to dislodge Prime Minister Imran Khan's government.
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By Anti-Corruption Digest on Sep 29, 2020 08:32 am
Leading the call for effective global action against Illicit Financial Flows (IFF) and related vices, which is negatively impacting progress in developing countries especially in Africa, Vice President Yemi Osinbajo, SAN has called for an overhaul of the international tax system in order to tackle the scourge.
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By Anti-Corruption Digest on Sep 29, 2020 08:21 am
Facebook has patched a critical vulnerability in Instagram that could have given an attacker the ability to take over a victims Instagram account, and turn their phone into a spying tool, simply by sending them a malicious image file. Also Read - FarmVille to be shut down this year; will still be playable until December 31
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By Anti-Corruption Digest on Sep 29, 2020 08:19 am
French container shipping line CMA CGM has confirmed it is the latest victim of a cyber attack, after its website and some those of its subsidiaries went down over the weekend.
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By Anti-Corruption Digest on Sep 29, 2020 08:17 am
Scotland’s national police service said the strategy, Keeping people safe in the digital world, which it will formally present on Wednesday 30 September, “recognises the need to provide reassurance, education and enforcement in public, private and digital spaces as the environment we live and work in evolves rapidly”.
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By Anti-Corruption Digest on Sep 29, 2020 08:15 am
Singapore-based digital currency exchange KuCoin was hacked for roughly $275 million on September 25. The KuCoin team became aware of the security breach when they noticed that large withdrawals were being made from KuCoin’s hot wallet that the KuCoin team did not authorize.
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By Anti-Corruption Digest on Sep 29, 2020 08:14 am
When willie sutton was asked why he robbed banks, he reputedly replied: “Because that’s where the money is.” These days there is no need to don a mask and wave a gun: bandits can steal millions from their armchairs, wielding nothing more lethal than malicious code.
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By Anti-Corruption Digest on Sep 29, 2020 08:03 am
A major hospital chain has been hit by what appears to be one of the largest medical cyberattacks in United States history.
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By Anti-Corruption Digest on Sep 29, 2020 08:02 am
State Bank of India (SBI) has warned its account holders to be aware of unknown whatsapp calls and messages that may ask customers about bank details and it may lead to possible banking fraud with account holders.
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By Anti-Corruption Digest on Sep 29, 2020 07:54 am
Syrian rebel fighters have signed up to work for a private Turkish security company as border guards in Azerbaijan, several volunteers in Syria’s last rebel stronghold have said, at a time when the long-running conflict between Baku and neighbouring Armenia is showing dangerous signs of escalation.
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By Anti-Corruption Digest on Sep 29, 2020 07:52 am
Brazil is following the European Union’s (EU) good practices and has adopted a series of regulations on data protection. In the summer of 2018, the country introduced its Lei Geral de Protecao de Dados (LGPD). Inspired by the European General Data Protection Regulation (GDPR), the statute regulating the processing of personal data in Brazil finally came into effect last Friday.
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Anti-Corruption Daily Newsletter for 09/28/2020
Anti-Corruption Daily Newsletter for 09/28/2020
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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 Anti-Corruption Digest on Sep 28, 2020 04:43 pm
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.
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By Anti-Corruption Digest on Sep 28, 2020 08:26 am
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.
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By Anti-Corruption Digest on Sep 28, 2020 08:24 am
An internal whistleblower exposed a scheme by three executives of a Chicago-area engine manufacturer to improperly inflate its revenue, then attempt to cover their tracks by lying to company accountants and independent counsel.
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By Anti-Corruption Digest on Sep 28, 2020 08:22 am
Refusing to self-isolate when told to is now illegal in England from Monday, with fines of up to £10,000.
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By Anti-Corruption Digest on Sep 28, 2020 08:21 am
Really? Carlos Manuel de São Vicente is currently a jailbird. On September 23 he was remanded in custody in Viana prison (Luanda) awaiting trial, where conditions might soon make him forget his ill-gotten billions. One by one, the bit-part players in the Dos Santos kleptocracy are being taken down, evidence of their crimes adding up against the long-ruling kleptocrat-in-chief who oversaw the outrageous theft of tens of billions of dollars of Angolan patrimony. It's no easy matter to bring a former president to justice - especially one who secured a permanent amnesty for his actions - but the wheels of justice are turning inexorably towards his family, friends and former colleagues.
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By Anti-Corruption Digest on Sep 28, 2020 08:19 am
The President of the Supreme Judicial Council of Iraq, Judge Fayeq Zaidan, yesterday called on the government to disclose the outcomes of its investigations into corruption, Anadolu reported.
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By Anti-Corruption Digest on Sep 28, 2020 08:18 am
On September 24, a bipartisan group of US senators proposed sanctions against Russian officials over the alleged poisoning of the opposition politician Alexei Navalny in Siberia recently.
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By Anti-Corruption Digest on Sep 28, 2020 08:01 am
Fraser Howie is co-author of "Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise." He has worked in China's capital markets since 1992.
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By Anti-Corruption Digest on Sep 28, 2020 08:00 am
From the EU’s war on encryption to Facebook’s threat to pull out of Europe, here are the key developments from this week.
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By Anti-Corruption Digest on Sep 28, 2020 07:57 am
Dominguez said that Senate Bill (SB) No. 1738 or the “E-Governance Act of 2020” underscores the importance of switching to electronic governance to cut red tape, upgrade the delivery of services to the people and curb corruption in the system.
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By Anti-Corruption Digest on Sep 28, 2020 07:56 am
After the novel coronavirus first appeared in Africa in late February, Ghana’s government decided it would take no chances. Ghanaian citizens were soon put under lockdown, and travel between major cities was banned. Then President Nana Akufo-Addo announced the closure of the country’s land and sea borders.
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By Anti-Corruption Digest on Sep 28, 2020 07:54 am
After three years speaking about, writing about and training in AI Ethics, organizations I speak with report that many of the students come back with a good understanding of the elements and remedies for ethical issues. But they continue to work as before. My observation is that this is the result of four factors:
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By Anti-Corruption Digest on Sep 28, 2020 07:52 am
The ink on a landmark EU agreement to establish a €750bn recovery fund is barely dry. Many of the details are still to be worked out. Member states are at loggerheads over safeguards to ensure governments spend the money well and protect the rule of law. The European parliament wants more money for education and research. New EU taxes to help pay back hundreds of billions of euros in commonly-issued debt remain a distant prospect. It will be months before any money is paid out.
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By Anti-Corruption Digest on Sep 28, 2020 07:43 am
Australia’s Westpac Bank agreed to pay a A$1.3 billion fine on Thursday in a proposed settlement with the Australian Transaction Reports and Analysis Centre (AUSTRAC) for breaching the Anti-Money Laundering and Counter-Terrorism Financing Act of 2006 (AML/CTF Act) by failing to reasonably monitor suspicious transactions associated with possible child exploitation and terrorist networks.
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By Anti-Corruption Digest on Sep 28, 2020 07:41 am
FinCEN report finds suspicious transactions through Indian banks between 2010 and 2017 were possibly used for money-laundering, terror financing, drug dealing
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By Anti-Corruption Digest on Sep 28, 2020 07:39 am
Connecting the databases of regulators, law enforcement and banks, and automatically blocking certain transactions, could be a way out of a banking catch-22 by enabling them to react more quickly. But the complex nature of stopping money laundering makes the tech challenge a big one.
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By Anti-Corruption Digest on Sep 28, 2020 07:38 am
Governments and banks around the world are doing little to tackle tax abuses, money laundering and corruption in a global financial system that perpetuates inequality and condemns people to endemic poverty, a high-level United Nations panel concluded on Thursday.
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By Anti-Corruption Digest on Sep 28, 2020 07:37 am
The Financial Crimes Enforcement Network (“FinCEN”), an agency within the Treasury Department, charged with combating money laundering, terrorist financing, and other financial crimes. A collection of “suspicious activity reports” offers a window into financial corruption, and how governments are unable or unwilling to stop it. Profits from deadly drug wars, fortunes embezzled from developing countries, and hard-earned savings stolen in Ponzi schemes, all flow through financial institutions, despite warnings from bank employees.
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By Anti-Corruption Digest on Sep 28, 2020 07:34 am
A new report by the Ministry of Public Security claims that Chinese gamblers remit $146 billion a year to cross-border operators. Liao Jinrong, an official at the ministry, argued that this posed a threat to national security during a keynote on Thursday at the Ninth China Payment and Settlement Forum in Beijing.
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By Anti-Corruption Digest on Sep 28, 2020 07:32 am
FinCEN Files, a new investigation led by the International Consortium of Investigative Journalists, reveals the role of global banks in industrial-scale money laundering.
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By Anti-Corruption Digest on Sep 28, 2020 07:31 am
South Africa’s courts were recently asked to rule on whether a financial institution, a bank, can freeze or restrict a client’s access to an account because they did not properly identify themselves.
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By Anti-Corruption Digest on Sep 28, 2020 07:28 am
THE Securities and Exchange Commission (SEC) wants to be more proactive in tracking money laundering and terrorist financing by rating the effectiveness of firms in preventing such activities.
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By Anti-Corruption Digest on Sep 28, 2020 07:26 am
Shares of Europe’s top banks dropped on Monday, after the publication of reports alleging they kept doing business with customers they suspected of money laundering and other wrongdoing.
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By Anti-Corruption Digest on Sep 28, 2020 07:23 am
A leak of U.S. Treasury Department records on red-flagged financial transactions underscores a message that national security officials, banks and regulators have been sending for more than a decade: Anti-money-laundering rules need to be updated to better disrupt illicit cash flows.
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By Anti-Corruption Digest on Sep 28, 2020 06:31 am
Recently, most banks restricted their ATMs, cards and online transactions and strengthened their security measures after the Bangladesh Bank (BB) had alerted banks about a cyber hacking risk
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By Anti-Corruption Digest on Sep 28, 2020 06:30 am
Verizon and AT&T have agreed to pay $116 million to settle a lawsuit claiming that both carriers have overcharged government agencies for over a decade.
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By Anti-Corruption Digest on Sep 28, 2020 06:28 am
TORONTO — A shadowy group of cyber criminals that attacked a prominent nursing organization and Canadian Tire store has successfully targeted other companies with clients in governments, health care, insurance and other sectors.
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By Anti-Corruption Digest on Sep 28, 2020 06:25 am
Nigerian hackers were able to steal through malware, which gave them remote access functions and allowed them to send and receive cash online
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By Anti-Corruption Digest on Sep 28, 2020 06:23 am
Facebook has patched a critical vulnerability in Instagram that could lead to remote code execution and the hijack of smartphone cameras, microphones, and more.
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By Anti-Corruption Digest on Sep 28, 2020 06:20 am
While South Korea and the United States focus on North Korea’s growing nuclear weapons and ballistic missile capabilities, the alliance must increasingly prioritise countering the development of North Korea’s cyber capabilities.
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