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GFI publishes fact sheet on compliance and gaps in beneficial ownership in the mining sector in Kenya

Provides an in-depth analysis of the mining sector in Kenya and the key AML risks emanating from it, with specific reference to beneficial ownership.

Anti-Corruption Commission confronts Guatemala’s ‘Continuum of Impunity’

Palomo takes charge following years of backsliding on corruption that has seen state-embedded corruption networks cynically dismantle the country’s justice system and plunder state coffers, targeting ministries dealing with infrastructure, public health, and education. Prosecutors linked to corruption networks…

SEC charges 17 individuals in $300m crypto asset Ponzi scheme targeting the Latino community

Scheme targeted more than 40,000 predominantly Latino investors in the U.S. and two other countries. The complaint follows the SEC’s successful emergency action in September 2022 that halted the CryptoFX scheme and charged its two main principals, Mauricio Chavez and Giorgio Benvenuto.

TI Switzerland publishes research on incidence of foreign corruption among Swiss companies

The online survey of 539 Swiss companies operating abroad, spanning various sizes and sectors, revealed that 52% face demands for under-the-table payments. Of these, 63% admit making such payments, according to the survey.  More than half of Swiss companies are confronted with claims…

GRECO publishes its Fourth Evaluation Round Interim Compliance Report on Liechtenstein, dealing with corruption prevention in respect of members of parliament, judges and prosecutors

GRECO acknowledges the significant efforts made by the authorities to implement the outstanding recommendations. Specific criteria to
assess the requirement of personal integrity for becoming a public prosecutor have been developed and explanatory comments to complement the Code of Conduct for prosecutors have been made public…

US Treasury sanctions Zimbabwe’s President and key actors for corruption and serious human rights abuse

OFAC designated 11 individuals, including Zimbabwe’s President Emmerson Mnangagwa, and three entities for their involvement in corruption or serious human rights abuse pursuant to E.O. 13818, which builds upon and implements the Global Magnitsky Human Rights Accountability Act…

US DoJ finds commodity trading company Gunvor guilty to bribe Ecuadorean officials to win business and orders to pay over $600M in criminal penalties 

The charge arises out of a scheme to bribe officials of the Ecuadorian Ministry of Hydrocarbons and Petroecuador, the Ecuadorian state-owned oil company, in order to obtain contracts to purchase oil products. The proceeding was held before US District Judge Eric N. Vitaliano. As part of the company’s sentence, Gunvor was ordered to pay a criminal penalty of approximately $661 million.

 

Transparency International surveys open data for political integrity in the Western Balkans and Turkey

Underscores how open data can be used to uphold political integrity in the Western Balkans and Türkiye, focusing on three key areas: political financing, law-making and resource allocation

Basel Institute publishes key takeaways from the first Asia-Pacific Anti-Corruption Collective Action Forum

The Forum provided a platform to share good practices in multi-stakeholder approaches for strengthening business integrity in the region. The primary goal was to build mutual trust between stakeholders, which is necessary for Collective Action. It aimed to establish a regional community of practice that can assist companies in enhancing their compliance frameworks and addressing specific corruption…

OCCRP reports on case being brought against fruit exporter, Del Monte, by Kenyans

Covers the disappearance and deaths of four people over the Christmas period on Del Monte land, who allegedly has been there to steal pineapples.

Mozambique’s Central Office for the Fight Against Corruption has opened two investigations into possible criminal activities concerned with the management of Mozambique Airlines

One investigation concerns “the management of the fleet, notably the purchase of aircraft, their hire, and the indebtedness of the company to acquire new equipment, maintenance operations, as well as the contracting of suppliers, the legitimacy of the invoices paid, and the sale of the company’s social assets’. The other relates to the acquisition of air tickets at LAM shops, but using POS (point of sale) machines owned by third parties…

 

TI strongly denounces the unjust retaliations it is facing in response to its anti-corruption work in Brazil

TI strongly denounces the unjust retaliations it is facing in response to its anticorruption work in Brazil. The situation has escalated to a disturbing level following the Supreme Court minister’s order to initiate an investigation against Tl, based on misinformation…