In recent weeks, a Ukrainian scientist has found himself at the center of a whirlwind of allegations. Dr. Oleg Maltsev, a prominent researcher and scientist, was detained in Odessa on September 12 under charges of leading an illegal paramilitary formation, sparking a heated debate across Ukrainian media and on Telegram channels. The Security Service of…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The 2018 rewrite of the ACM code of ethics and professional conduct has brought it up-to-date with new technologies and societal demands. This code supports the ethical conduct of computing professionals through a set of guidelines for positively working in the…
The U.S. Securities and Exchange Commission (SEC) is looking into charges that some of the largest multinational OEMs of medical imaging equipment allegedly paid bribes to government officials in China to secure equipment sales, according to an article published June 4 in Reuters. The SEC investigation includes GE, Siemens, and Philips, and is part of a broader…
In a report published today on corruption prevention in Latvia in respect of members of parliament, judges and prosecutors, the Council of Europe’s anti-corruption group (GRECO) regrets the lack of measures concerning regulation on lobbying, parliamentary ethics and conflicts of interest. Despite draft amendments which are reportedly geared towards enhancing transparency of law making, as well as…
Whatever its faults, American culture has a strong aversion to white-collar corruption. Corporate scandals like Enron shock us to our core. But in many parts of the world, Enron-like fraud is par for the course. Throughout the Middle East, corruption runs rampant in the business world. High-class thieves are aided and abetted by politicians whose…
Over the last eight years, China has cracked down on bribery and corruption, particularly in its investigations and prosecutions of public officials, but what about corporate enforcement? Corruption, according to Chinese President Xi Jinping, remains the greatest threat to the Communist Party’s survival, and according to Transparency International’s Corruption Perceptions Index 2018, which was published in January…
The cannabis industry has a corporate governance problem. And it’s an issue that marijuana executives can ill afford to ignore. This can be especially troublesome for execs at publicly traded firms, which risk alienating investors and consumers. Corporate governance issues are commonplace in an emerging industry such as cannabis, where company founders can have blemishes on their…
Kenya has fired a direct shot at the nation’s endemic corruption: by issuing a new generation of banknotes. In a surprise move, the government announced the 1,000 shillings ($10) note will be discontinued by October 1 in a bid to fight corruption, counterfeit, and money laundering. Central bank governor Patrick Njoroge said people who want…
Often, we use expressions or terms without having a clear understanding of their meaning or implications. A few years ago, I asked 50 individuals the meaning of ‘hope’. I received 50 different explanations. In recent days I have asked more than a dozen individuals for their definition of the term ‘corruption’. Again, I received a…
I’ve noticed some confusion about the roles that ethics and compliance play in organizations. This confusion arises, in part, from the way these two fields are identified. Some companies have only a compliance department. Others have a compliance and ethics (or ethics and compliance) department. Some companies have a Chief Ethics Officer separate from compliance. To get…
