Corruption Currents: Switzerland Enacts 'Lex FIFA' Anti-Bribery Rules
by admin · April 22, 2016
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Bribery:
Switzerland enacted new rules dubbed "Lex FIFA" to crack down on bribes paid to private individuals. (Reuters)
Australia widened a bribery probe into OZ Minerals OZL.AU -2.14%, the mining company said, and it's cooperating with the probe. (Phnom Penh Post)
An Oregon defense contractor acknowledged that he bribed a U.S. Army Corps of Engineers program manager to secure $171 million in contracts over a decade. (AP)
India is using technology to fight bribery and corruption. (Marketplace, NY Times)
In local politics: Prosecutors are seeking at least 14 years in prison for a convicted former New York state lawmaker. (NY Daily News, DNAInfo, NY Times)
Cybercrime:
Using hackers to break devices isn't the only solution the FBI seeks for encryption. But the FBI said it needs hackers to keep up with tech companies. (AP, NY Times)
Can a building be hacked? (BBC)
Money Laundering:
Members of the U.K. parliament are exempt from anti-money-laundering checks. (Mirror)
Nigerian authorities rejected an anti-money-laundering bill. (News24)
A former RCBC bank manager admitted to lying to Filipino legislators investigating money laundering linked to the hacking heist. The Philippines has begun to forfeit some of the money back to Bangladesh. (Inquirer, InterAksyon, PhilStar, Inquirer)
Indian banks will share transaction details in a standard format, which will assist in money-laundering investigations. Separately, authorities are looking for Interpol's help with extraditing a money-laundering suspect. (PTI, Hindustan Times)
Sanctions:
Iran has received only $3 billion since the implementation of the nuclear deal. Can the U.S. do more to help Iran's private sector? Officials discussed it. Lingering sanctions risk is hurting post-deal Iranian oil exports. (Times of Israel, Atlantic Council, Reuters, Reuters)
Russia shelved plans to issue Eurobonds amid sanctions. (Bloomberg)
A report explains the history of sanctions. (Washington Post)
The U.K. has a new sanctions instrument. (European Sanctions)
General Anti-Corruption:
Panama Papers: U.K. regulators say prosecutions linked to names found in the leak will be difficult. A New York regulator wants foreign banks to turn over their records on anyone found in the leak. The editor of a Hong Kong newspaper was fired after publishing a story on the leak. (Financial Times, Bloomberg, Guardian, NY Times)
More Olympics-related projects are under corruption investigations in Brazil, a prosecutor there said. (Reuters)
A top aide to former Nigerian President Goodluck Jonathan was arrested by the country's anti-corruption agency for his alleged involvement in embezzlement linked to an arms deal. He didn't immediately respond to requests for comment. (Newsweek)
An anti-graft mission of the Organization of American States in Honduras said it will investigate a multimillion-dollar corruption scandal that has dogged the country's president. The president admitted he took money linked to the scandal but said he didn't know where it came from. (Reuters)
Sierra Leone's anti-graft chief unveiled his plans. (StarAfrica)
Bangladesh is investigating port corruption.
An anti-corruption probe in New York City continues amid new revelations. (NY Times, Politico NY, NY Daily News)
The World Bank released its annual suspension and debarment report. (FCPA Blog)
Local coverage of an EY survey is available from Poland and Germany. (WBJ, DW)
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