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Your daily digest of global corruption and compliance updates
Ethical Alliance Daily News

United States: Goldman Sachs Is Said to Admit Mistakes in 1MDB Scandal
Oct 21, 2020 06:00 pm
An Asian subsidiary of Goldman Sachs will plead guilty to charges in the United States to resolve a foreign corruption and bribery case over the looting of billions of dollars from a Malaysian sovereign wealth fund, according to a person familiar with the agreement. The Wall Street bank’s parent company

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Brazil: Vitol executive’s secret recordings to expand Brazilian oil bribery probe
Oct 21, 2020 05:30 pm
Brazilian police expanded a long-running corruption probe at state-controlled oil company Petroleo Brasileiro SA based in part on secret recordings made by a former executive of Swiss trading firm Vitol SA, according to court documents released on Tuesday. Police on Tuesday served warrants seeking documents from six people and two

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Australia: Crown chairman Helen Coonan admits casino ‘facilitated’ money laundering
Oct 21, 2020 05:00 pm
The Crown Resorts chairman, Helen Coonan, has admitted the company facilitated money laundering at its Melbourne casino but denied it was “turning a blind eye” to criminal activity instead blaming it on “ineptitude”. The concession was made at the New South Wales Independent Liquor and Gaming Authority’s inquiry into Crown’s suitability to hold a

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Japan: Ad behemoth faces claims of conflict of interest in Tokyo Olympic campaign
Oct 21, 2020 04:30 pm
Dentsu Inc. donated more than $6 million to Tokyo’s successful campaign to host the 2020 Olympics, according to bank records seen by Reuters, and it lobbied members of the International Olympic Committee on behalf of the city, according to three people involved in the lobbying. The activities created a potential

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Philippines: PhilHealth officials cleared of graft on car insurance payments made to private company
Oct 21, 2020 04:00 pm
Four officials from the Philippine Health Insurance Corporation (PhilHealth) have been cleared by the Sandiganbayan Special Second Division of their nine graft charges involving the irregular payments made to a private corporation for the insurance of several government-owned vehicles in 2000 to 2001. Senior Vice President for Management Services Reynaldo

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Malaysia: MACC wants businesses to set aside funds to combat graft
Oct 21, 2020 03:30 pm
The Malaysian Anti-Corruption Commission (MACC) has called for businesses to spend a fair amount of their annual budget on anti-corruption efforts. Chief commissioner Azam Baki said it was to ensure that the wealth generated by businesses were shared among the people and not only a few. “At the same time,

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