— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News We’ve all seen the reports of criminals carrying bags of money into casinos or buying luxury cars with stacks of neatly bundled bills. If real estate is the third part of this story, many may wonder just who exactly are B.C. realtors…
— 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 MANILA – State prosecutors have charged 5 former and current Rizal Commercial Banking Corporation (RCBC) officials of facilitating money laundering in connection with the February 2016 $81-million Bangladesh Bank heist. Charged before the Makati City Regional Trial Court (RTC) Branch 141 were…
— 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 FRANKFURT — Deutsche Bank shareholders had plenty of reasons to be unhappy as they converged in a Frankfurt concert hall Thursday for the troubled lender’s annual meeting. A record low share price. An aborted megamerger with crosstown rival Commerzbank. Money-laundering scandals. New revelations about 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…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Robert Bosch GmbH agreed to pay 90 million euros (US$100 million) to end a probe by German prosecutors into rigged diesel engines, following much more costly settlements by its customer Volkswagen. Bosch is being fined for “negligent breach of supervision duties,” the prosecutor’s…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The US city of Baltimore’s government, long plagued by dysfunction, is now battling a ransomware attack that has crippled its systems for more than two weeks and counting. Hackers breached the Maryland city’s servers on 7 May and demanded $100,000 (£79,000) worth…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News A new US list of corruption suspects in Central America includes officials with ties to sitting presidents — an important step in recognizing how deeply corruption has penetrated these countries’ governments. In the new corruption report, the US State Department accuses more than…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News A laptop deliberately infected with six notorious strains of malware, including WannaCry and ILoveYou, is being auctioned in the US as an art project. At time of writing, the highest bid for the device was $1.1m (£800,000). The auction states that the…