— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News PARIS — BeIN media group CEO Yousef Al-Obaidly was handed preliminary charges of corruption as part of an investigation into the bidding process for the 2019 track world championships in Qatar, a judicial official was quoted as saying by the Associated Press on…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News LONDON (AP) — FIFA is restoring the offense of “corruption” to its code of ethics, almost one year after facing criticism over the symbolic removal of the term. The Associated Press has seen a proposal that will be presented to the FIFA…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Institutional investors routinely make use of brokers to execute their trades. Despite the rise of electronic trading, the Tabb Group reports that brokers handle about 42 percent of order flow from hedge funds. However, brokers’ roles in disseminating information that they acquire…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Three women are accused of taking almost $900,000 in bribes, which they spent on fur coats, designer handbags and property in Florida, to help people snatch affordable New York apartments from thousands of families waiting on a list. Anna Treybich, 71, Irina Zeltser, 66,…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Money laundering Money is the main cause for people to engage in almost any type of criminal activity. Money-laundering is the process of concealing the source of illicit funds or “dirty money.’’ Money laundering crimes are fraud and drug trafficking. It is…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News STOCKHOLM/COPENHAGEN (Reuters) – Loomis AB said it would investigate allegations it played a role in a Danish money laundering scandal, the Swedish cash-handling company said on Thursday. At its annual general meeting a day earlier a journalist from Denmark’s TV2 alleged that…
— 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,…