Nicolas Sarkozy’s lawyer has been held for questioning in one of several corruption investigations now involving the former French president.
The U.S. Senate Foreign Relations Committee approved a bill last week that expands the Russia-centered Magnitsky Act of 2012.
The Global Magnitsky Human Rights Accountability Act (S.… Continue Reading
The Delaware Supreme Court will hear oral arguments on July 10 for the Walmart case that I discussed in a recent post on the FCPA Blog. The issue is whether the Walmart board, or certain directors, knew about the alleged bribery and cover up from 2006 until 2012.… Continue Reading
Japan has not done enough to combat money laundering, an international watchdog said on Friday, urging the government to adopt measures such as legislation that criminalizes terrorist financing.
The Financial Action Task Force (FATF) in Paris referred to its 2008 report on Japan, which highlighted deficiencies such as a lack of internal controls among financial institutions to prevent and detect illicit money transfers, Reuters reported on Saturday.… Continue Reading
ISIS militants in Syria executed and crucified one of their own men for corruption, according to a report Friday by Al Arabiya News.
Pictures on websites showed the body and bloodied head of a bearded man with a placard reading: “Guilty: Abu Adnan al-Anadali.… Continue Reading
New Zealand’s Justice Minister Judith Collins has endorsed an anti-corruption bill to deter domestic and international organized crime that would require banks to report international wire transfers of more than $1,000.
Morocco’s government endorsed a bill on Friday that created a national body designed to prevent and fight acts of bribery and corruption.
According to Moroccan law, the bill will be submitted for government ratification, and for the parliament to debate and approve it, before the bill is implemented following publication in the Official Gazette of the Kingdom of Morocco.… Continue Reading
Afghan president Hamid Karzai said Wednesday that he signed a key package of legislation aimed at combating financial crime, making it less likely the country will be added to the Financial Action Task Force’s blacklist this week.… Continue Reading
The U.S. Treasury Department said Wednesday it has fined Network Hardware Resale LLC, a global telecommunications and networking equipment provider, nearly $65,000 for allegedly violating U.S. sanctions against Sudan and Iran between 2008 and 2011.
Treasury’s Office of Foreign Assets Control (OFAC) stated in a penalty notice that NHR exported 16 shipments of networking equipment and related accessories from the United States to Sudan, and two shipments destined for Iran.… Continue Reading
The highest-ranking Chinese official since President Xi Jinping launched a massive campaign against corruption was formally removed from his post Wednesday.… Continue Reading