— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News On Saturday, the Wall Street Journal published a detailed article on Huawei’s alleged misdeeds, writing that “Huawei’s yearslong rise is littered with accusations of theft and dubious ethics. A review of 10 cases in U.S. federal courts, and dozens of interviews with U.S. officials, former employees,…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The US’ Securities and Exchange Commission (SEC) found corruption wasvisible in Fresenius Medical Care (FMC) from the early 2000’s butnothing was done to address it. The SEC was tasked with probing the claims made about FMC. FMC said ithad co-operated fully with…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News A new group has announced plans to tackle corruption in the Middle East, with a particular focus on helping victims of business fraud in the region. During a news conference in Washington on Thursday, the Global Justice Foundation’s founder, Omar Ayesh, said…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Recently, as regulators in various countries generally heighten enforcement efforts against bribery, domestic authorities are also improving their efforts in the fight against corruption. For multinational companies, observing anti-corruption regulations in and outside the PRC are both important. Foreign enforcement bodies mostly require or…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News COLUMBUS, Ohio – A bill that would legalize sports betting in Ohio was heavily changed Thursday to prevent people from using laundered money in the games. House Bill 194 also has changes to ensure Ohio conforms with the federal Wire Act, which the…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The one-year-old government of Malaysian Prime Minister Mahathir Mohamad has made major strides in tackling the corruption that nearly brought the country to its knees, but major legislative reform is needed to ensure the excesses of disgraced former leader Najib Razak are…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News In an Advisory dated May 3, 2013, and Circular Letter (CL) 14-2013 dated July 1, 2013, Insurance Commissioner Emmanuel F. Dooc prescribed the adoption of the Asean Corporate Governance Scorecard by insurance companies and mutual benefit associations (MBAs). The ACGS replaced the…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The number of DDoS attacks increased by 84% in the first quarter of 2019 compared to Q4 2018, according to new research from Kaspersky Lab. A DDoS cyberattack (distributed denial of service) is an attack that attempts to make an online service…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Japan’s financial regulators are considering enacting new rules aimed at bitcoin exchanges as it steps up anti-money laundering countermeasures. This issue will also be raised at the forthcoming G20 Summit, which takes place in Osaka on June 28 and 29. Specifically, the Financial…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News WhatsApp, which is used by 1.5 billion people worldwide, discovered in early May that attackers were able to install surveillance software on to both iPhones and Android phones by ringing up targets using the app’s phone call function. The Financial Times identified…