Swiss widen inquiry into Malaysian fund to include 2 Emirati officials “The disclosure adds another twist to a scandal that has rocked the government of the Malaysian prime minister, who is also the country’s finance minister and the chairman of 1MDB’s advisory board, and that has bruised relations between Malaysia and Switzerland.”

Antibribery International Organization for Standardization 37001: New Measuring Stick for Corporate Compliance Programs “The International Organization for Standardization is developing a certifiable international standard for “anti-bribery management systems” that could influence how the US Department of Justice, US Securities and Exchange Commission, and other regulators evaluate and grade corporate compliance programs.”

China sets death penalty threshold in corruption cases “Under President Xi Jinping the country has waged a much publicised anti-corruption campaign vowing to target both powerful “tigers” and low-level “flies”, but no Communist Party official is known to have been put to death for the offence since Xi took office.”

Bribery Still Rife as 80 Percent of Executives Admit Seeing It “In a survey of 500 executives from companies located in 12 countries, 59 percent of executives said their anti-bribery policies didn’t work and 87 percent believed the policies made it more difficult to build their business, according to the report from U.K. law firm Eversheds.”

Standard Chartered CEO cracking down on ‘above the law’ bankers “Bill Winters found more than just bad loans when he took over Standard Chartered. He says he uncovered a culture where a few senior managers flouted ethics rules for personal gain and considered themselves “above the law.”

Obama: new tax rule will fight corruption, help economy “His administration on Friday issued the Customer Due Diligence rule in the works since 2012 and proposed legislation meant to stop prevent criminals from using shell companies to evade taxes, launder money, and finance terror.”

FIFA Compliance Chief Quits, Saying Corruption Fight Threatened “Scala, who was with the organization for four years, said a vote Friday by FIFA to let the ruling council dismiss members of its independent advisory bodies would leave them “in danger of becoming auxiliary agents of those whom they should actually supervise.” The changes were made at the first congress under new President Gianni Infantino.”

The Most Powerful — And Corrupt — Politician in Brazil Just Went Down “Brazilians concerned with rampant corruption in their political system have reason to rejoice today: the man who many consider the most corrupt politician in Brazil – a title for which there is much competition – has been removed from office.”

Panama Papers: Leak exposes tax havens of world leaders and celebs “An investigation into the documents by more than 100 media groups, described as one of the largest such probes in history, revealed the hidden offshore dealings in the assets of around 140 political figures – including 12 current or former heads of states.”

OECD releases new anti-corruption toolkit “A new OECD toolkit aimed at tackling corruption was recently released at the 2016 OECD Integrity Forum held on 19-20 April in Paris, and can now be used by governments around the world. Specifically aimed at the mining, oil and gas industries, the toolkit provides evidence-based analysis to better understand how corruption works.”

Source: Internet

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