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the japan times
Najib Razak's second corruption trial opens in Malaysia

Prosecutor paints former prime minister as employing 'elaborate charade' with fugitive financier Jho Low to steal millions from 1MDB fund.

UN News
Corruption undermines democracy and contributes to instability, warns senior UN anti-crime official

Corruption undermines democratic institutions, slows economic development and contributes to governmental instability, Mirella Dummar-Frahi, Civil Society Team Leader at the United Nations Office on Drugs and Crime (UNODC) warned at the UN Civil Society Conference in Salt Lake City, Utah. 

Taiwan's anti-money-laundering status to rise

Taiwan will soon officially rise to the top category of a global anti-money-laundering index after Asia/Pacific Group on Money Laundering (APG) members approved a previous peer review, Taiwan’s Anti-Money Laundering Office said on Sunday.

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IRS Tells Congress It Plans More Payroll Compliance Checks

The Internal Revenue Service is to complete its hiring of 600 revenue officers by September and also plans payroll tax compliance sweeps across the country later this year, the agency said Aug. 27. About 72% of the revenue collected by the IRS comes from payroll taxes that are withheld by employers, making noncompliance a big problem for the U.S. tax system, the IRS said.

North Korea money laundering in Russia puts European banks at risk

Elvira Nabiullina, the governor of the Russian Central Bank, has reportedly been reforming the bank sector and cracking down on financial institutions engaged in illicit behaviour.

Australia plans more action against big banks on money laundering

Australia’s big banks will face potential penalties within the next six months for breaching money laundering laws, Australia’s financial intelligence agency head said on Tuesday.

Al Jazeera
S Korea top court orders new trial of Park Geun-hye bribery case

South Korea's top court on Thursday sent back jailed former President Park Geun-hye's corruption case to a lower court for separate trials for her previously-convicted charges, a ruling that could increase her already-lengthy prison term.

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European Court Condemns Russia Over Whistleblower’s Death

Russia has been condemned by Europe’s top human-rights court for violating the rights of whistleblower Sergei Magnitsky by failing to provide adequate medical care that could have saved his life when he died in detention awaiting trial in 2009, a decision aimed at Russia’s notorious justice system.

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The Economist
The Indian government’s anti-corruption campaign revs up

For a septuagenarian member of India’s somnolent upper house, five years out of government, Palaniappan Chidambaram is a man much in demand.

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South Korea's top court to rule on Samsung heir's bribery case on August 29

South Korea’s Supreme Court is to rule next Thursday on whether to uphold a reduced sentence given to Samsung Group heir Jay Y. Lee or ask an appeals court to revisit a case that was part of a graft scandal that brought down the president in 2017.

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U.S. government’s blacklisting of Bitcoin addresses is just getting started

The U.S. government is paying close attention to illegal activity associated with Bitcoin and other cryptocurrencies, and the government’s “blacklisting” of blockchain addresses associated with digital currencies linked to crimes is sure to escalate, cryptocurrency compliance experts say.

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Swedish regulator delays Swedbank money-laundering probe report

The Swedish Financial Supervisory Authority (FSA) will publish the conclusions of its probe into alleged money laundering in the Baltics by the beginning of next year, it said on Friday, pushing back the deadline by several months.

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Al Jazeera
Money Laundering: US crackdown on Venezuelan cash

In 2018, a Venezuelan banker was convicted of operating a $1.2bn money-laundering scheme funded with stolen government money. Investigators say most cash was used to buy real estate in Florida.

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Can Fraud Detection Solutions Deliver the Authentication, Risk and Compliance Tools Banks and Insurers Need?

Change is afoot in how organizations serving customers online can deliver fraud detection and improve the customer experience. The disruption is happening in every sector, especially banking and insurance

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