The U.S. Securities and Exchange Commission (SEC) is looking into charges that some of the largest multinational OEMs of medical imaging equipment allegedly paid bribes to government officials in China to secure equipment sales, according to an article published June 4 in Reuters. The SEC investigation includes GE, Siemens, and Philips, and is part of a broader…
Over the last eight years, China has cracked down on bribery and corruption, particularly in its investigations and prosecutions of public officials, but what about corporate enforcement? Corruption, according to Chinese President Xi Jinping, remains the greatest threat to the Communist Party’s survival, and according to Transparency International’s Corruption Perceptions Index 2018, which was published in January…
— 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 MANILA, Philippines — President Duterte has assured investors and donors that their money is safe in the Philippines, citing his crackdown on corruption and economic reforms toward a viable business environment. Duterte said good governance has made it possible for his administration…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News KABUL, Afghanistan — A former Afghan official has accused President Ashraf Ghani’s administration of engaging in widespread corruption, including the exchange of sexual favors for government posts, adding to a string of recent setbacks for the government. The accusations, leveled by Gen.…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Five years ago, the Indian people gave Narendra Modi the chance to realize his big promise: clean up the corruption in India. Today, Modi’s promise remains a promise. Corruption is still thriving in India, in all the usual places. That’s evidenced by a string of high profile scandals that…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News GENEVA (REUTERS) – North Koreans are forced to pay bribes to officials to survive in their isolated country, where corruption is “endemic” and repression rife, the United Nations human rights office said on Tuesday (May 28). Officials across North Korea extort money…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The relative success of Indonesia’s first simultaneous presidential and legislative elections – the world’s most complicated single-day polls – has been marred by allegations of fraud by the opposition, and the deaths of hundreds of overworked election officers. These bumps in the…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The Oregon office of the FBI issued an advisory this week on an ongoing scam that has resulted in losses totaling tens of millions of dollars. The office posted an advisory, “Building a Digital Defense Against the Chinese Embassy Scam,” based on…
Highly unusually, a North Korean dictator and a global human rights body may find themselves on the same page regarding the corruption that is endemic across the deeply isolated and impoverished nation. On Tuesday, the UN Humans Rights Office released a 43-page report, “The price is rights: The violation of the right to an adequate standard…
