Skip to content

Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Global Contagion Report: Securency International

Country: Australia

Company Involved: Securency International

Industry: Financials

Industry Subsector: Banks

Officials Involved: Herman Joseph Susmanto, Indonesian central bank currency chief; Le Duc Thuy, former Vietnam State Bank governor; Mohamed Daud Dol Moin, former assistant governor of the Malaysian central bank; Elizabeth Masamune, former senior Austrade commissioner

Enforcement Action: Charge

Summary: A total of nine former executives of the Reserve Bank of Australia (RBA)’s banknote-printing unit Note Printing Australia and its sister company, Securency International, have been charged by Australian authorities with bribing officials in Malaysia, Indonesia, Nepal, and Vietnam to win lucrative contracts.… Continue Reading

Global Contagion Report: Securency International

Country: Nigeria

Company Involved: Securency International

Industry: Consumer Services

Industry Subsector: Printing

Official Involved: Charles Soludo, former governor of the Central Bank of Nigeria (CBN)

Enforcement Action: Arrest

Summary: Charles Soludo was arrested by the Economic and Financial Crimes Commission.… Continue Reading

Plot thickens in Aussie Reserve Bank corruption probe

The government investigation into the Reserve Bank of Australia led last week to RBA’s subsidiary, Austrade, and allegations of massive bribes paid to a Vietnamese spy by his Australian lover.

Elizabeth Masamune, a senior trade commissioner with Austrade admitted to an affair with Vietnam’s Colonel Anh Ngoc Luong, a senior official in the state intelligence service.… Continue Reading

Witnesses: Australia Reserve Bank bosses covered up bribery for years

There was explosive testimony this week during parliamentary hearings into bribery allegations against a unit of the Reserve Bank of Australia.

RBA subsidiary Securency allegedly paid bribes in Asia, Latin America, and Africa to win currency printing contracts, according to a former salesman for Securency and its sister company Note Printing Australia.… Continue Reading

U.K. Arrest In Securency Case

The Guardian today reported the  arrest of a British businessman who allegedly paid for the son of a Vietnamese state bank governor to attend Durham University in the U.K. in exchange for a banknote printing deal.… Continue Reading

Nigeria Bribes Alleged In Securency Case

There were three more arrests last week in the corruption investigation of Securency International Pty Ltd, the polymer banknote maker half owned by the Reserve Bank of Australia.

The U.K.’s Serious Fraud Office said a sixty-three year old British man, and a British couple who are residents of Spain, were arrested in London.… Continue Reading

Securency Case Blows Wide Open

The long-simmering Securency scandal erupted this week, with arrests in the U.K., and searches of houses and businesses in England, Spain, and Australia.

The U.K.’s Serious Fraud Office said Wednesday 80 members of its office, plus officers in Surrey, Hampshire, Thames Valley, Cumbria, and the Metropolitan police services executed search warrants at eight residences and a business in the UK.… Continue Reading

Bribes That Breach Security

Hologram on a 50-Euro bill.Last week Canadian authorities said they’ve charged Nazir Karigar, a Canadian citizen, with violating the Corruption of Foreign Public Officials Act. He allegedly bribed an Indian official to win a contract for his company.… Continue Reading

The Strange Case Of Joshua Cantor

In July 2001, the president of American Bank Note Holographics pleaded guilty to a four-count federal criminal information. It charged him with conspiracy to defraud the U.S., a books-and-records violation, making false statements to auditors, and conspiracy to violate the FCPA.… Continue Reading

Rumblings From Oz

A month ago we asked what’s wrong in Australia. Despite multiple overseas bribery scandals, there’s been no sign of enforcement activity by the Australian Securities & Investments Commission — the chief anti-corruption agency — or anyone else down under.… Continue Reading