While it has all the hallmarks of transnational organised crime, the illegal wildlife trade continues to be viewed as being outside ‘mainstream crime’. Frequently linked to other forms of serious crime such as fraud, corruption and money laundering, the illegal wildlife trade generates an estimated US$20 billion annually and is the fourth most profitable criminal trafficking enterprise…
BEIJING – Senior executives at eight banking institutions in China’s Tianjin were warned by the city’s top Communist Party official against corruption, the country’s graft-buster said on Wednesday. Tianjin’s Party boss Li Hongzhong criticized some officials at Tianjin’s financial institutions for having “lost morality” and “seriously violating the Party’s rules and discipline”, the Central Commission…
Indonesian police have arrested six suspects believed to be linked with a plan to assassinate four state officials and a prominent pollster as part of a broader plot to sow unrest ahead of last week’s Jakarta riots that left eight people dead. Five men and one woman had been detained on suspicion of accepting payments…
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…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The longer India’s election drags on, the more rattled Prime Minister Narendra Modi appears. In a long campaign that moves finally toward its conclusion on May 19, Modi could have laid out a bold economic vision. Instead, he took potshots, not at…
— 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 The Financial Action Task Force (FATF) is also due to inspect Japan’s anti-money laundering regime in the Autumn. According to media outlet Nikkei, the Japanese Financial Services Agency (FSA) is desperate for a good review from the FATF. Japan received the lowest possible rating…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The ongoing 1Malaysia Development Bhd scandal has forced Singaporean authorities to deal with the extent to which the country’s banks are vulnerable to abuse and threaten the country’s reputation for financial integrity. The country’s financial system may face another shock – the…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News HONG KONG (Reuters) – JPMorgan’s former Asia investment banking vice-chair Catherine Leung has been charged with two counts of bribery by Hong Kong’s anti-corruption watchdog for offering a job to the son of a potential client. Leung allegedly offered employment to the…
Malaysia’s former Prime Minister Najib Razak has gone on trial for his role in a financial scandal that has sent shockwaves around the world. He faces seven charges in the first of several criminal cases accusing him of pocketing $681m (£522m) from the sovereign wealth fund 1MDB. Mr Najib pleaded not guilty to all the…
