Friday, February 3, 2017

Transparency International - Daily Corruption News (2 Feb 2017)

2 February 2017
Today's top story
Romania’s prime minister has refused to repeal decrees that critics say will free corrupt officials from jail early and shield others from conviction, despite international condemnation and the biggest popular protests since the fall of communism.
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Blogs and opinion

News from Transparency International
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Ethical Alliance Daily News (2 Feb 2017)


United States: Democratic lawmakers want probe of Trump adviser’s Russia payment
Feb 02, 2017 08:00 pm
A group of top U.S. House of Representatives Democrats sent a letter on Tuesday asking the Department of Defense to review a paid appearance at a Russian event by retired Army Lieutenant General Michael Flynn, President Donald Trump’s National Security...
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President Vladimir Putin will step up efforts to weaken support for economic sanctions against Russia in his first visit to the European Union since Donald Trump became U.S. president with a pledge to improve relations with the Kremlin leader. Putin...
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Claims that Lord Coe misled an MPs’ inquiry have grown after new emails confirmed he was “made aware” of corruption allegations in his sport four months before they became public. The president of the IAAF, athletics’ governing body, told a...
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The Special Investigation Team (SIT) on black money on Wednesday hailed Finance Minister Arun Jaitley’s budget announcement to limit cash transactions to Rs. 3 lakh, but said that its other recommendation of capping cash holding of an individual at Rs....
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New embezzlement allegations emerged on Wednesdayagainst the French center-right presidential candidate François Fillon, adding uncertainty to an already tightly contested election. Mr. Fillon’s campaign was thrown into turmoil last week after Le Canard Enchaîné, a weekly newspaper that mixes...
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The South African state prosecutor who led the case against convicted murderer Oscar Pistorius has quit. AfriForum, a non-governmental group, said Tuesday that Gerrie Nel resigned and will head the group’s new private prosecuting unit, which will target state officials...
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The Impending Repeal of the U.S. “Publish What You Pay” Rules for Extractive Industries

As many readers of this blog are likely aware, the U.S. Congress is poised to invoke a statute called the “Congressional Review Act” to override the rules that the Securities and Exchange Commission promulgated last year to implement a provision of the Dodd-Frank Act (Section 1504) that required companies in the extractive industries (oil, gas, and mining) to publicly disclose the amounts that they pay to foreign governments in connection with projects abroad. (A timeline of the legislation and its implementing regs is here.)
Read the full blog post by Matthew Stephenson, Editor-in-Chief, Global Anticorruption Blog: https://globalanticorruptionblog.com/2017/02/02/the-impending-repeal-of-the-u-s-publish-what-you-pay-rules-for-extractive-industries/
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Why corruption risk should be taken into account when evaluating new markets

Analysing corruption risk should be a key factor in businesses’ research into a new market. Involvement in corruption, whether direct or via a third party, poses reputational risks as well as risk of prosecution under legislation such as the UK Bribery Act or US Foreign and Corrupt Practices Act (FCPA).

 Read more: http://www.cgma.org/Magazine/News/Pages/corruption-risk-in-new-markets.aspx?TestCookiesEnabled=redirect
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Congressional resolution aims to eliminate rule on extractive transparency

The rules committee of the U.S. House of Representatives heard brief testimony on Monday evening about a joint resolution that would eliminate a rule requiring publicly traded oil and mining companies in the U.S. to publish what they pay foreign governments.
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Wednesday, February 1, 2017

Ethical Alliance Daily News (31 Jan 2017)


 

Brazil: Brazil Supreme Court approves Odebrecht graft plea deal testimony
Jan 31, 2017 08:00 pm
The president of Brazil’s Supreme Court, Carmen Lucia Rocha, approved plea bargain statements from 77 executives of engineering conglomerate Odebrecht [ODBES.UL] under investigation for paying bribes in the country’s biggest graft scandal, the court said on Monday. The testimony, which...
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Israeli Prime Minister Benjamin Netanyahu said on Monday he planned to push US President Donald Trump to renew sanctions against Iran during a visit to Washington next month, complaining that Iran had once more tested a ballistic missile. Netanyahu has...
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Deutsche Bank will pay a $425 million fine in relation to a money-laundering scheme that regulators say moved $10 billion out of Russia, the New York State Department of Financial Services said Monday. The department said Deutsche was moving money...
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Former Brazilian oil and mining tycoon Eike Batista has been transferred to a high security prison in Rio de Janeiro after being arrested on arrival from New York. Once Brazil’s richest man, he has been accused of paying millions of...
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Six people, including two former HBOS bankers, have been found guilty of bribery and fraud that cost the bank’s business customers and shareholders hundreds of millions of pounds. Lynden Scourfield, a former manager with HBOS, pleaded guilty to six counts...
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The Karimnagar District Lorry Owners’ Association leaders have alleged large-scale irregularities and corruption by the State Mineral Development Corporation authorities and police officials at Kodurupaka sand quarry in Rajanna-Sircilla district. Talking to newsmen here on Monday, association president Ama Anand...
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Transparency International - Daily Corruption News (31 Jan 2017)

31 January 2017
Today's top story
Global: Deutsche Bank fined $630m over Russian money laundering claims
The Guardian
The authorities in US and UK issue fines after saying Deutsche Bank used offices in Moscow and London to move $10bn out of country. The bank has been fined more than $630m for $10bn of Russian money laundering offences, as well as exposing the UK financial system to the risk of financial crime.
More news
Romania: Romania debates disputed legal plans after massive protests
Bloomberg
United States: Republicans’ plans for unravelling the Dodd-Frank Act
The New York Times
Honduras: Honduras elites blamed for violence against environmental activists
The Guardian
United Kingdom: Sebastian Coe still won't face MPs despite emails revealing he knew about IAAF corruption and Russian doping
The Independent

Multimedia of the week
Global: The secret trade in baby chimps
BBC

Blogs and opinion
Global: Corruption Is Holding ASEAN Back
The Diplomat
Thailand: Why corruption continues to plague us
The Bangkok Post
United States: Trump’s firing of the acting attorney general sets a dangerous precedent
The Washington Post
Nigeria: Corruption: TI's rating of Nigeria
Nigerian Tribune

News from Transparency International
Web feature: Corruption and inequality: How populists mislead people
Press release: Transparency International strongly condemns intimidation of its El Salvador chapter
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