Entries in North Korea (13)
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) Thursday imposed “special measure five” against Tanzania-based FBME Bank Ltd, formerly known as the Federal Bank of the Middle East.
Interpol -- the International Criminal Police Organization -- isn't a police force. It's an information clearing house that promotes international police cooperation.
The U.S. Treasury Department's Financial Crimes Enforcement Network sets risk-based compliance obligations of U.S. financial institutions. FinCEN directs counter-measures against the countries with the highest risk and enhanced due diligence against others.
Kenyan authorities arrested 77 Chinese nationals for allegedly operating a cybercrime command center capable of disrupting the country’s communication and financial systems.
The United States Court of Appeals for the Second Circuit on Thursday affirmed the dismissal of lawsuit filed by a former Siemens compliance officer in China who said the company retaliated against him after he internally reported alleged corrupt sales practices.
The Financial Action Task Force (FATF) identified jurisdictions that have strategic deficiencies in their anti-money laundering and financing of terrorism controls in a public statement last Friday.
Among the more than $10,000 in gifts Dennis Rodman delivered to North Korea dictator Kim Jong Un in Pyongyang this month were "hundreds of dollars’ worth of Irish Jameson whiskey, European crystal, an Italian suit, a fur coat, and an English Mulberry handbag for Kim’s wife, Ri Sol-ju," the Daily Beast said Friday.
It is that time of the year again. Transparency International released its 2013 Corruption Perceptions Index (CPI) today. The CPI, which is the most widely used indicator of corruption worldwide, measures the perceptions of public sector corruption. It uses data from international surveys that look at factors such as accountability of national and local governments, effective enforcement of anti-corruption laws, access to government information, and abuse of government ethics and conflict of interest rules.
Despite spending $96 billion in reconstruction aid in Afghanistan since the U.S.-led invasion 12 years ago, the U.S. State Department still isn't measuring anti-corruption efforts there.
Anti-corruption compliance guides released by prosecutors from the United States and Britain discuss the importance of assessing country risk to avoid corporate liability for bribery. Unfortunately, judging country risk is a challenge because no valid quantitative measure of national corruption exists.
A compliance officer for Siemens' heathcare business in China said in a federal lawsuit this week that he was fired a week after complaining about the company's risky business practices.