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Indonesian AML and counter terrorist financing efforts
In February, the Financial Action Task Force placed Indonesia on its list of jurisdictions with strategic anti-money laundering deficiencies. Despite the potential impact on financial aid the listing...
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Indonesia: Bribes expected to increase as elections near
Indonesia’s anti-corruption agency predicted an increase in graft in the run-up to elections this year, with its vice chairman anticipating the rise will land major cases on the authority’s books....
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Indonesia: Court reveals Akil’s bribery record
The Jakarta Corruption Court has revealed the extent of bribery involving Akil Mochtar during a graft case in which the former Constitutional Court chief justice appeared as defendant. The alleged...
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Rolls-Royce bolsters ethics policy in face of corruption probe
(Reuters) – Aerospace and defence company Rolls-Royce (RR.L), facing an investigation by Britain’s anti-fraud watchdog, said it had cut the number of middlemen it uses as it steps up efforts to prevent...
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Corruption: Does my bung look big in this?
In March, the US Department of Justice has slapped a USD88m fine on Japanese firm Marubeni for their involvement in a seven-year campaign to bribe high ranking Indonesian members of parliament and...
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SEC hits Smith and Wesson with USD2m FCPA settlement
The US Securities and Exchange Commission (SEC) has agreed to accept a USD2m payment from gun manufacturer Smith and Wesson to settle charges of violating the Foreign Corrupt Practices Act (FCPA). As...
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Australia bans reporting on corruption case, launches new ant-graft centre
The Australian Federal Police are the proud new leaders of a national anti-corruption centre. According to The Australian: The Fraud and Anti-Corruption Centre, to be announced today, involves...
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What messages are bribery settlements sending out to would be briber givers...
Influential, wealthy and ‘lawyered-up’ entities are settling bribery cases with prosecutors by throwing money at the case in order to avoid admitting guilt or proving innocence. What message does this...
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How much do APAC’s regulators earn?
Regulators’ salaries across Asia Pacific vary enormously:some supervisors earn fortunes and others hit the pay scale at the average to low end. Some governments believe that paying politicians and...
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