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…
AI ethics is definitely trending. I’ve seen the phrase in my reading and heard it trip from the tongues of professional acquaintances many times in the past several months. Management fads come and go, and I wonder whether AI ethics might be one of them. In much the same way that product quality deficiencies triggered…
Cyber security has risen as a key issue on the radar of virtually all organisations. As a recent AT Kearney report suggests, cyber-attacks have been topping executives’ lists of business risks for three straight years. In fact, the overwhelming majority of organisations have experienced some form of cyber-attack at some point over the past few years. This…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News At a time when so much attention is placed on the General Data Protection Regulation (GDPR) of the European Union and the Protection of Personal Information Act (Popia) in South Africa, companies must consider a plethora of permutations when it comes…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News “The aim of the e-residency program is to bring new e-residents to Estonia who consume Estonia’s e-services and, among other things, also conduct their legal business. The purpose of the anti-money laundering rules is to prevent the exploitation of the Estonian…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The importance of compliance and ethics is gaining momentum at corporations across all industries and around the world. Help your organization navigate compliance issues during this time of increased corruption enforcement activity in Asia. Attend the Society of Corporate Compliance’s (SCCE’s) first-ever…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Since early May, Baltimore has been grappling with a city-crippling ransomware attack. A fiery debate has erupted within the information security community over who is to blame for the mess. The match that lit the blaze: A story published by the The New York…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News People are spending and raising tons of cash from casinos, betting companies and real estate –and that quantified in tax terms should make government happy but it isn’t. Why? Because most money earned from criminal activities is being washed or laundered…
