Corruption Currents: From Sextape Scandal to Halting Nuclear Deal.
A Chinese official fired after being caught on video having sex with an 18-year-old mistress was sentenced to 14 years in jail for bribery.
Bribery:
A Chinese official fired after being caught on video having sex with an 18-year-old mistress was sentenced to 14 years in jail for bribery, state media reported. (Reuters)
Romania’s prime minister called for a new vote
amid widespread Western criticism of amendments granting lawmakers
immunity from bribery charges by classifying them as not being public
officials. The local chapter of Transparency International slammed the amendments. (AFP, news release)
Indonesian police widened their investigation into bribery at the customs office. (Jakarta Post)
Helsinki prosecutors widened their probe of a police chief already suspected of bribery. He didn’t appear to be contacted. (YLE)
The latest on the phone hacking and bribery trial of former News Corp executives is here. News Corp publishes this page. (BBC)
Authorities in Beijing arrested two newspaper editors for allegedly receiving bribes. They didn’t appear to be contacted. (RFA)
The FCPA Blog posts the latest Smith & Wesson disclosure, notes Armenian judges’ bribery price list and quotes a Federal Reserve official talking about compliance.
The FCPAmericas blog hooks corporations operating in Latin America. Mike Volkov spots practical issues amid global anti-graft enforcement. Tom Fox finds more lessons to learn in the Asiana crash. The FCPAProfessor runs his weekly roundup.
A new Web-based tool helps with FCPA compliance. (ComplianceWeek)
Cybercrime:
Chinese hackers dangled
the possibility of nude photos of former French first lady Carla Bruni
to lure in targeted foreign ministries during a G- 20 economic summit in
Paris in 2011. (Huffington Post)
Money Laundering:
A leading French politician accused Dubai of slow-walking investigations into corrupt money being stashed in the United Arab Emirates. (Thomson Reuters)
The FATF arrived in Kathmandu to assess Nepal’s progress on fighting money laundering. The finance minister vowed action. (The Himalayan, ekantipur)
Australia’s four largest banks cut off
money-transfer organizations that send money to the poorest in Asia and
Pacific, citing anti-money laundering risk. The organizations are fighting back. (Radio Australia, Radio Australia)
The latest in the money laundering trial of Carson Yeung, owner of the English soccer club Birmingham City, is here and here. (Bloomberg, South China Morning Post)
European financial watchdogs poured cold water on the bitcoin bubble, warning, among other things of the valuation risk of “violent fluctuations in electronic currencies”. (Financial Times sub req, AFP)
A defeated anti-money laundering bill reappeared in the Guayanese parliament. (Starbroek News)
The first guilty plea, for money laundering, in a massive kickback
scandal involving the influential former leader of the Metropolitan
Council on Jewish Poverty, came earlier this week. (Newsday)
Interviews about money laundering problems in Kenya are here and here. (Thomson Reuters, Thomson Reuters)
Fallout of the Global Financial Integrity annual illicit flows report came from India (more here) and Africa. (Times of India, WSJ India Real Time, Africa Report)
Could Russia adopt FATCA next year? Americans abroad denounced FATCA’s unintended consequences. (Russia Behind the Headlines, ICIJ)
Sanctions:
Tehran slammed the U.S. decision this week to designate new entities and individuals under existing sanctions, halting the talks to implement a nuclear deal struck last month in Geneva. Russia echoed Iran’s assertion. A transcript of a conference call by U.S. officials with reporters is here. (Wall Street Journal, NY Times, AFP, Dow Jones Newswires, Reuters, Reuters, Reuters, Reuters, AFP, document)
A planned Iran sanctions bill in the U.S. Senate fell apart at the 11th hour, granting the White House a victory. (The Daily Beast, Wall Street Journal)
French automakers took initial steps toward resuming deliveries to Iran, previously one of their biggest markets. (Wall Street Journal)
U.S. pressure group United Against Nuclear Iran doesn’t like Treasury’s action this week. (press release)
Terrorism Finance:
Morocco continues to fight against terrorism financing. (Maghrebia)
General Anti-Corruption:
Germany’s financial regulator demanded documents from Deutsche Bank as part of an investigation into potential manipulation of gold and silver prices. The bank declined to comment. (Financial Times sub req)
The U.S. will expand a probe into corruption in the Los Angeles county sheriff’s department. (LA Times)
The latest guilty plea in the Bell, Calif. corruption scandal is here. (LA Times)
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