— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News This is the era of data revolution. Data is being traded as a commodity and has even been dubbed “the new oil”. Almost 2.5 quintillion bytes of data are created daily, and that number is only going up. With this rapid proliferation…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The US Federal Bureau of Investigation has issued a subpoena to French luxury group LVMH as part of its probe into media buying transparency in the US, Campaign has learned. There is no suggestion of wrongdoing by LVMH, which owns brands including Louis Vuitton, Moët &…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The Specialized Anti-Corruption Prosecutor’s Office of Ukraine (SAPO) intends to call in the former president of Ukraine Petro Poroshenko for interrogation concerning the possible involvement in the corruption in the electric and thermal energy producing company Centerenergo, as the Ukrainian News reported. “He will be…
— 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…