— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News BATON ROUGE, La. (WAFB) – John Paul Funes, the former president of the Our Lady of the Lake Foundation, was officially charged with wire fraud and money laundering, according to a June 4 news release from the Department of Justice (DOJ).…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News BRUSSELS — The European Union’s embassy in Moscow was hacked and had information stolen from its network, according to a leaked internal document seen by BuzzFeed News. An ongoing “sophisticated cyber espionage event” was discovered in April, just weeks before the…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News It has been 50-years since Neil Armstrong and Edwin “Buzz” Aldrin became the first men to walk on the moon. They blasted off in Apollo 11 on July 16, 1969, and, four days later, they became two of the biggest names…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News An intricate affair of fraud, corruption, and money laundering by senior Palestinian Authority (PA) officials who transferred the funds to Hamas terrorists training in Malaysia has been exposed, TPS reports. Official PA documents obtained by TPS show that Mahmoud Al-Habash, Supreme…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Shares of Apple Inc were down nearly 3% in afternoon trading on Mon following a Reuters report that the U.S. Dept of Justice was given jurisdiction to include the iPhone maker as part of broader antitrust probe. Stock has since pared…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News It is the second time the UK is using a new law that was introduced last year in an effort to tackle illicit financing and money laundering. The so-called Unexplained Wealth Order (UWO) allows authorities to confiscate assets that owners cannot…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Austrian Chancellor Sebastian Kurz has called a snap election following the collapse of his coalition government over a corruption scandal. The move came after Vice-Chancellor Heinz-Christian Strache resigned after secret footage emerged showing him talking to an alleged Russian investor. Mr…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Police have charged a 43-year-old man with money laundering as part of an investigation into individuals suspected of acting as “money mules”. Money mules are people who transfer money acquired illegally on behalf of someone else. The money can be transferred…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News The ethical consequences of artificial intelligence are therefore the most pressing problem in the business world. That was why some 42 countries met last week to try to create a world first corporate governance framework for it. The promise of AI…
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News Trouble is mounting for audit firms as the Enforcement Directorate (ED) issued summons to senior executives of Deloitte Haskins and Sells in connection with an ongoing money laundering probe against Infrastructure Leasing & Financial Services (IL&FS). According to enforcement sleuths, audit…
