Corruption Currents: China’s Fight Against Corruption:
Wang Qishan, who heads the ruling
Communist Party’s Central Commission for Discipline Inspection,
said that China’s fight against corruption will never end.
Where does bribery actually work?
(Quartz)
In local politics: A Puerto Rico mayor pleaded
guilty to soliciting and taking bribes. A jailed lobbyist advised
Virginia lawmakers to embrace a zero-tolerance view of bribery.
(press release, Washington Post)
Mike Volkov targets
the prosecution of chief compliance officers. Tom Fox critiques
FCPA enforcement. The FCPAProfessor chides
overheated FCPA enforcement rhetoric. Richard Bistrong reacts
to a Foreign Affairs article on bribery and corruption.
Cybercrime:
The lawyer for the alleged Silk Road mastermind condemned
threats against the judge presiding over the trial. (Forbes)
Hackers breached
the Warsaw Stock Exchange. (The Hill)
A hacker sentenced
to 21 months in prison for his role in a cybercrime scheme. (Reuters)
Experts say the private sector will continue leading
the way on cybersecurity. Banks are joining
a wave of investors in cybersecurity start-ups. (Thomson Reuters
Corporate Compliance Complete, Financial Times)
A U.S. agent flirted
his way to a hacking bust. (CNBC)
Money Laundering:
Canada’s financial intelligence unit asked
institutions to quickly file suspicious transaction reports.
(Reuters)
Hundreds of ATMs in legal pot shops were unplugged
amid concern of banking violations. The ATM operator didn’t return
requests for comment. (Denver Post)
A panel discusses
international efforts to return stolen assets. (C-SPAN)
Bail was reduced
for some reputed Genovese crime family members accused in a $400
million money laundering scheme. A Portuguese immigrant was detained
in the case. (NJ.com, Portugal News)
A federal judge found that New York lawyer John Moscow did
nothing wrong by defending a Russian businessman accused of
laundering money derived from a fraud that prosecutors say hurt his
former client. (WSJ)
Why are banks treating politically exposed people roughly?
(Daily Telegraph)
Swiss banks asked
the U.S. to back off a dozen demands amid settlement talks to
avoid prosecutions. (Bloomberg)
In local politics: The latest in a money-laundering scandal
involving a Philippine lawmaker is here
and here.
A Namibian defense official was sentenced
to six years in prison. (BusinessWorld, Rappler, Namibian)
Sanctions:
A top U.S. official is stepping down but will continue
to consult on talks
between global powers and Iran. The roadmap for closing a deal is
here,
though it might
not set off a business boom sought
by Iranian entrepreneurs. (Al Monitor, WSJ, Quartz, Foreign Policy,
NPR)
Gunvor Group is seeking
to shed its Russian assets in light of U.S. sanctions over ties
to the Kremlin it denies.
(WSJ, Financial Times)
Terrorism Finance:
Qatari officials denied
Western allegations that it supports groups such as the Islamic
State. Is it possible to
cut off the group’s cash flow? (BBC, Brookings)
Whistleblowers:
Another court case is exploring
whistleblower retaliation under Dodd-Frank. (Law of Secrecy)
General Anti-Corruption:
China’s fight
against corruption will
never end, its top graft-buster said. The crackdown is taking
higher priority over growth. (Xinhua, Reuters, IB Times)
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