The father of the Chinese Yale student, who paid $1.2 million in bribes to get his daughter into the Ivy League school, has been identified. Guo Hulin is a rich businessman from Inner Mongolia. He is wanted by Chinese authorities, along with his brother, on corruption charges. Guo resides in an upscale neighborhood in California,…
First it was $1 billion a year (maybe) being laundered through Lower Mainland casinos and real estate. Then it became $5 billion (maybe) in real estate alone for 2018. These dramatic, expanding estimates have persuaded Premier John Horgan and Attorney General David Eby to put aside their serious concerns about cost and a lack of…
Sierra Leone Football Association (SLFA) President Isha Johansen has been acquitted on all counts of corruption by a high court in Freetown. Her acquittal, along with SLFA General Secretary Christopher Kamara, paves the way for the lifting of a ban from global football. The two top SLFA officials were surrounded by their jubilant supporters as…
MANILA — Almost 200 new government officials took their oath of office on Monday before President Rodrigo Duterte, who reminded them that public office is a public trust. During the oath-taking ceremony at Malacañan Palace, Duterte expressed confidence that the new officials would perform their duties to the best of their abilities and fight corruption in…
The transaction took place on Thursday, May 23rd, and was mined by the China-based mining pool LTC.top in block 1636831. The fee was so massive that it caused the average transaction fee on the Litecoin network to jump from $0.05 to $0.70. Transaction fees haven’t been that high since Litecoin was worth $400 a pop at…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Russian authorities have seized 12 billion rubles ($185.5 million) from former FSB official Colonel Kirill Cherkalin, making him the country’s richest ex-law enforcement official under investigation for corruption. Cherkalin, former head of the FSB economic security department’s financial counterintelligence support unit, was charged with…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News LAHORE: An accountability court on Monday extended physical remand of two accused, allegedly involved in money laundering for Shehbaz Sharif family, till June 10. Accountability Court Judge Syed Jawadul Hassan conducted the case proceedings wherein National Accountability Bureau (NAB) officials produced Fazal…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The effort, the whistleblowers said in a lawsuit against the company, was part of an intentional “multi-tiered strategy” by Questcor Pharmaceuticals, now Mallinckrodt, to boost sales of H.P. Acthar Gel, cheating the government out of millions of dollars. The price of the…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News While the past year, or even eighteen months, was short on landmark federal securities law decisions, there was significant activity on the part of private securities litigants. In 2018, plaintiffs filed 403 new federal securities fraud class actions, just short of 2017’s…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The Financial Services Agency (FSA) of Japan is set to introduce even more stringent regulatory measures for Bitcoin exchanges in the country. The move comes as the country’s top financial regulator tries to improve its anti-money laundering (AML) protocols with review by the Financial…