Compliance Risk

Corruption Currents: Swedish Police Detain Bombardier Employee Amid Bribery Probe

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A daily roundup of corruption news from across the Web. 

Bribery:

Swedish police detained a Bombardier Inc. employee on suspicion of bribery and questioned several others in connection with a rail contract in Azerbaijan. The company confirmed the detainment and said it’s cooperating with authorities. (Bloomberg, Reuters, OCCRP, CBC)

The Odebrecht bribery case continues to reverberate in Peru and Colombia. (AFP, PanAm Post)

Former Thai officials were named by anti-graft investigators as suspects in a bribery probe linked to Rolls-Royce. (DPA)

Filipino lawmakers recommend filing charges against immigration officials in a bribery case. (BusinessMirror)

Bribes for healthcare is endemic in Sierra Leone. (Guardian)

In local politics: Testimony continues in a Dallas-area bribery case. (Courthouse News)

Cybercrime:

One way to frustrate a CIA hacker is to show them Chinese, according to documents released by WikiLeaks. U.S. officials say contractors are the likely source of the leak. (SCMP, Reuters)

Fraud:

The U.K. faces a 2 billion euro bill from the EU for allowing a China-based fraud to operate. (Politico)

Fraudsters in Hong Kong used money-laundering accusations to swindle a woman out of millions. (SCMP)

Money Laundering:

A border wall won’t stop the drug cartels or their money-laundering efforts. (Newsweek)

U.S. prosecutors charged a second Brazilian man in a money-laundering case linked to $17 million found in a Massachusetts mattress. (Reuters)

Demonetization in India led to a crackdown on gas station owners. (Financial Express)

The Philippines’ central bank is preparing a circular to strengthen regulations on money laundering as regulators seek to ease bank secrecy rules. Separately, authorities froze assets of a suspected drug lord who surrendered to police; bankers were told to know more about their clients. (Manila Standard, BusinessWorld, Update.ph, Sun Star)

Authorities brought evidence in the money-laundering trial of a former Nigerian governor. He pleaded not guilty. (Daily Post, NewsGuru)

Pakistan’s securities regulator vowed to tackle black money ahead of a risk assessment. (Express Tribune)

Sanctions:

OFAC extended a general license. (release)

Terrorism Finance:

Lebanese authorities raided exchange houses and money-transfer firms on allegations they sent funds to Islamic State. (AFP)

Transparency:

Panama Papers: India launched investigations of 41 individuals named in the leak. European investigators focuses on lax Swiss oversight. (The Hindu, BNA)

Why would big banks join non-profits in the fight against shell companies? (American Banker, Global Witness)

Whistleblowers:

Asylum seekers are paying the price for sheltering Edward Snowden. (Al Jazeera)

General Anti-Corruption:

Indonesian politicians were implicated in a $170 million corruption case. Several of those named denied the allegations. (AFP)

Romanian lawmakers are set to debate whether to grant pardons for some corruption offenses. (Balkan Insight)

White-collar crime cases are on the rise in Italy. (CDR)

Inter Milan’s president said he’s prepared to go to prison if found guilty of corruption. (ESPNFC)

A fishing magnate known as the “Codfather” agreed to plead guilty to smuggling. (AP)