Thursday, September 29, 2016

Transparency International - Daily Corruption News - 28 Sept 2016

28 September 2016 

Today's top story
UK: 'Widespread corruption' claims hit FA after Allardyce quits
Sky News
Evidence reportedly implicating eight current and former Premier League managers in taking "bungs" for player transfers will be passed on to the FA - just hours after England boss Sam Allardyce was forced to stand down.
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Blogs and opinion

News from Transparency International
On the web: What is grand corruption and how can we stop it?
On the blog: Anti-corruption and happiness go hand in hand
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Ethical Alliance Daily News - 28 Sept 2016


Indonesia: StanChart tells authorities about corruption allegations at Indonesian firm
Sep 28, 2016 08:00 pm
Standard Chartered (STAN.L) has told “appropriate authorities” about alleged corruption at an Indonesian power plant company majority-owned by its private equity arm, the bank said on Tuesday. The statement came in response to an earlier Wall Street Journal report that […]
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Read our latest blog post which highlights some of the world's biggest sports corruption scandals that had marred the sporting industry in the last decade, as well as possible enforcement actions to come.
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Hours after Sam Allardyce was sacked as England manager for inappropriate conduct, the Football Association was hit by a new crisis as eight current and former Premier League managers stand accused of receiving ‘bungs’ for player transfers after a long-running investigation […]
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A much-debated anti-graft law has officially kicked off in South Korea, calling for workers in certain sectors who should maintain higher ethical standards to refrain from receiving any gift priced beyond a legal ceiling. Under the Kim Young-ran Law, people […]
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The role of UK tax havens in facilitating financial crime came under scrutiny as the European parliament opened its 10-month inquiry into the Panama Papers scandal. At the inquiry’s first evidence session in Brussels, the 65-member panel heard from journalists […]
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Singapore can do more to address the money-laundering risks posed by the country’s status as a global financial center, the Financial Action Task Force said. While acknowledging that the Southeast Asian nation has a “reasonable understanding” of its money-laundering risks […]
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China’s ruling Communist Party will hold a key meeting late next month aimed at revising party discipline rules, state news agency Xinhua said on Tuesday, as President Xi Jinping keeps up a battle to uproot deep-seated corruption. Formally called plenums, […]
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WSJ - Corruption Currents: South Korean Anti-Graft Law Comes into Effect (28 Sept 2016)

WSJ - Corruption Currents: South Korean Anti-Graft Law Comes into Effect (28 Sept 2016). By Samuel Rubenfeld. http://blogs.wsj.com/riskandcompliance/2016/09/28/corruption-currents-south-korean-anti-graft-law-comes-into-effect/
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Sunday, September 18, 2016

Transparency International - Daily Corruption News - 15 Sept 2016

15 September 2016
There will be no Daily Corruption News tomorrow, Friday 16 Sept 2016. It will be resumed on Monday.
Today's top story
Brazil: Brazil ex-President Lula and wife face charges in corruption scandal
BBC News
Federal prosecutors in Brazil have asked a judge to file corruption charges against former President Luiz Inacio Lula da Silva. They accused him of being the "boss" of a huge corruption scheme that cost the state oil company, Petrobras, an estimated $12.6bn (£9.5bn) in losses.
More news

Blogs and opinion

News from Transparency International
Press release: Former Brazilian Parliament Speaker Eduardo Cunha must be held accountable for his actions
On the blog: McDonnell walks. Reforms needed
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Ethical Alliance Daily News - 16 Sept 2016


 

Taiwan: Taiwan slaps ban, fine on bank linked to Panama Papers
Sep 16, 2016 08:00 pm
Taiwan regulators have ordered the removal of executives of a local bank linked to the Panama Papers scandal and barred it from opening overseas branches, saying not enough was done to prevent money laundering. Mega International Commercial Bank had already […]
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Two former executives of a foreign defense contractor at the center of a fraud and corruption scandal have been charged with conspiracy to defraud the U.S. Navy and other offenses, the United States Department of Justice said on Thursday. The […]
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US and Dutch authorities are seeking $1.4 billion in fines from Telia to settle probes into alleged bribes by the Swedish telecoms operator in the Central Asian state of Uzbekistan, Telia said Thursday. It said the proposals for the settlement […]
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Brazilian prosecutors charged ex-President Luiz Inacio Lula da Silva on Wednesday with being the “boss” of a vast corruption scheme at state oil company Petrobras, in a major blow to the leftist hero’s hopes of a political comeback. It was […]
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The International Olympic Committee on Tuesday sanctioned four Russian Olympians who competed at the 2008 Beijing and 2012 London games for failing drug tests, including silver medalist Maria Abakumova. Abakumova, who placed second in the javelin at the 2008 Games, […]
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Anti-corruption prosecutors probing the finances of a Greek state entity raided the office of the wife of Greek Central Banker Governor Yannis Stournaras and confiscated documents and electronic data, court sources said on Thursday. The prosecutors are investigating possible illegal […]
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China’s legislature has expelled 45 of its members in a vote-buying scandal that has snared a prominent businessman who is active in donating to United States universities, foundations and political campaigns. Some of the lawmakers whose dismissals were announced on […]
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WSJ - Corruption Currents: Lula Denies Corruption Charges, Calls Them a Political Attack. 15 Sept 2016

WSJ - Corruption Currents: Lula Denies Corruption Charges, Calls Them a Political Attack. 15 Sept 2016. By Ben DiPietro.
http://blogs.wsj.com/riskandcompliance/2016/09/15/corruption-currents-lula-denies-corruption-charges-calls-them-a-political-attack/
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Thursday, September 15, 2016

Transparency International - Daily Corruption News - 14 Sept 2016

14 September 2016
Today's top story
Global: US funds fed corruption in Afghanistan, eroding security fighting Taliban – report
The Guardian
From the very beginning of its intervention in Afghanistan, the US sabotaged its own efforts by feeding corruption in the country’s government and the security forces meant to fight the Taliban, according to a new report by a US Congress watchdog.
More news

Blogs and opinion

News from Transparency International
Press release: Former Brazilian Parliament Speaker Eduardo Cunha must be held accountable for his actions
On the blog: McDonnell walks. Reforms needed
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Ethical Alliance Daily News - 14 Sept 2016


 

Malaysia: Ringgit sinks as lower oil and 1MDB saga hurt demand
Sep 14, 2016 08:00 pm
Malaysia’s ringgit fell to the lowest in more than two months on Tuesday (Sept 13) as a decline in oil prices and a controversy involving a troubled state fund damped demand for the nation’s assets. The ringgit retreated 0.6 per […]
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JBS SA, the world’s largest meatpacker, said Jose Batista Jr. will take over as the company’s interim chief executive officer as his brother Wesley Batista temporarily steps down amid a probe by Brazilian police into investments made by state-run pension […]
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South Korea’s second-largest national holiday is less than a week away but the mood in the retail industry this year is less upbeat than before, with consumers conscious of an impending anti-bribery law. Before the so-called “Kim Young-ran Law” was […]
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China’s graft watchdog unearthed a raft of problems at the country’s securities regulator in recent years, including illegal share trading by officials’ family members, prompting the head of the regulator to vow to eradicate corruption. The revelations came at an […]
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A former California lawmaker was sentenced to six months in prison and six months in home confinement Monday for laundering a bribe accepted by his brother, also a former legislator. Thomas Calderon, 62, pleaded guilty on June 6 to one […]
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Guatemala’s president said Tuesday that a son and a brother had made statements to prosecutors investigating the alleged misappropriation of funds. President Jimmy Morales addressed the nation about the case, saying both men went to the Attorney General’s Office to […]
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