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Corruption Currents

The Wall Street JournalSamuel Rubenfeld

A daily roundup of corruption news from across the Web. We also provide a daily roundup of important risk & compliance stories via our daily newsletter, The Morning Risk Report, which readers can sign up for here. Follow us on Twitter at @WSJRisk.

Bribery:

A bribery case in Russia involving the country’s elite is causing a stir in the Kremlin. (NY Times)

The question of what constitutes bribery is trickier than it seems. (Washington Post, GAB)

The NCAA bribery scandal claimed more scalps. (AP, ESPN, 24)

Cybercrime:

The Dark Web’s most notorious thief was doxed. (Daily Beast)

The hack of Equifax is leading to calls to change the credit-reporting industry. (NPR)

Fraud:

A federal judge postponed a Texas lawmaker’s fraud trial. (mySA)

Money Laundering:

Canadian authorities laid charges against a money-transfer firm in a case of alleged drug-linked money laundering. The firm didn’t respond to a request for comment. (Vancouver Sun)

A guilty plea to a structuring charge, in which he made transactions of a certain size to avoid regulators, killed a man’s business and his wife, and the IRS won’t return his money. (Washington Post)

The son of Thailand’s former premier blasted authorities for releasing photos of him answering questions about money-laundering allegations. (Bangkok Post, Reuters, Bangkok Post)

Indian authorities continue bringing money-laundering cases. (Express, Telegraph)

Sanctions:

The U.S. State Department revoked the visa of Bill Browder after Russia sought an Interpol notice for his arrest in the death of Sergei Magnitsky. Mr. Magnitsky, however, died in Russian police custody after reporting a tax fraud while working for Mr. Browder; his death led the U.S. to pass the Magnitsky Act. (Newsweek, NPR, euronews, NY Times, Channel4)

Iran’s president is cutting back on the Revolutionary Guard Corps’ power amid sanctions. Did President Donald Trump preserve the status quo on the Iran deal? (NY Times, Platts)

Turkey’s banking regulator dismissed reports that the country’s financial institutions face fines for violating U.S. sanctions on Iran. (Reuters)

Switzerland implemented a series of sanctions on North Korea. (Swissinfo)

Terrorism Finance:

Can bankers fight terrorism? (Foreign Affairs)

Transparency:

Panama Papers: Malta offered a $1.18 million reward for information on the person who killed a reporter investigating the leak. The EU ended its inquiry into the leak. (AP, WNYC, EuroNews)

Whistleblowers:

A U.K. judge sued to be included as a class of whistleblowers. (Guardian)

General Anti-Corruption:

The U.S. is seeking to seize assets it said were looted from disaster relief in the Philippines and placed in California. (OCWeekly)

China’s anti-graft czar is about to leave the agency as Beijing puts new laws in place. The country banned its notorious interrogation technique as part of the reforms. (SCMP, SCMP, Reuters)

Officials: Slovakia jailed government ministers for corruption for the first time. A fugitive former Mexican state official allegedly stole cows bought with government funds. (Bloomberg, BBC)

A South African corruption investigation continues. U.K. banks were exposed, regulators say. (Guardian, Fin24, TimesLive, BBC)

The Helsinki Commission fights kleptocracy. (KI)

U.S. investigations into Russian meddling in the U.S. election continue, as Mr. Trump pledged to pay staffers’ legal bills. (NBC, NY Times, Washington Post)

Taekwondo generated the most corruption complaints in Korean sports. (Korea Herald)

 

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Hearings

Russia’s Alpine Assets: Money Laundering and S...

Jul 18, 2023

Switzerland has for years been a primary destination for Russian money laundering and, since the Russian invasion of Ukraine, a weak link in Western sanctions enforcement. This Helsinki Commission hearing examined Switzerland’s poor track record of rooting out dirty Russian money and examined potential paths forward for U.S. policymakers in persuading Switzerland to uphold its […]

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Press Releases

Hearing: Supporting a Democratic and Secure Moldova

Jul 06, 2023

Wednesday, July 12, 2023 2:00 pm Cannon House Office Building, Room 210 Live stream: https://www.youtube.com/watch?v=jm-R6rfQbCo In recent years, Moldova has enacted numerous reforms under current Moldovan President Maia Sandu to strengthen its democratic institutions, combat corruption and kleptocracy, and integrate with the European Union. In 2022, the European Union granted Moldova “Candidate” status in its […]

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Press Releases

Chairman Wilson and RM Cohen Mark Third Annual Count...

Jun 16, 2023

WASHINGTON—Today, Helsinki Commission Chairman Joe Wilson and Ranking Member Steve Cohen, Co-Chairmen of the Counter-Kleptocracy Caucus, marked the third annual Counter-Kleptocracy Month. “Foreign corruption and kleptocracy is the main reason that we face a full-scale Russian invasion of Ukraine today. It is the way that the Islamic Republic of Iran sustains itself. It is the […]

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Press Releases

Helsinki Commissioners Announce Re-introduction of C...

Jan 25, 2023

On Tuesday, Helsinki Commissioners Rep. Steve Cohen, Rep. Joe Wilson, and Senator Ben Cardin re-introduced the Combatting Global Corruption Act in both the House and Senate, along with Rep. Bill Keating, Rep. Maria Elvira Salazar and Senator Todd Young. This bipartisan, bicameral legislation formally designates combatting global corruption as a key U.S. national security concern. It would require […]

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Press Releases

Co-Chairman Cohen Calls for the Release of Political...

Aug 09, 2022

Washington – On the second anniversary of the sham presidential election in Belarus, the Helsinki Commission Co-Chairman and OSCE PA Special Representative on Political Prisoners Rep. Steve Cohen (TN-09) issued the following statement: “Two years ago today, Belarus’s autocrat Aleksander Lukashenko put up a show of an election that he had hoped would legitimize his […]

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Digests

Helsinki Commission Digital Digest July 2022

Jul 29, 2022

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Digests

HELSINKI COMMISSION DIGITAL DIGEST JUNE 2022

Jun 30, 2022

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Digests

Helsinki Commission Digital Digest May 2022

Jun 01, 2022

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Briefings

Putin’s Bribetakers and Warmongers

May 19, 2022

The Helsinki Commission was briefed on 6,000 bribetakers and warmongers identified by Alexei Navalny’s Anti-Corruption Foundation.

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Press Releases

Helsinki Commissioners Lead Bipartisan Ask for Biden...

May 12, 2022

WASHINGTON—U.S. Senator Ben Cardin (MD), author of the Global Magnitsky Human Rights Accountability Act and Chair of the Commission on Security and Cooperation in Europe (Helsinki Commission), along with Helsinki Commission Ranking Member Senator Roger Wicker (MS) and Commissioners Senators Jeanne Shaheen (NH) and Sheldon Whitehouse (RI) are urging President Joe Biden to publicly sanction […]

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Briefings

Russia’s Swiss Enablers

May 05, 2022

Long known as a destination for war criminals and kleptocrats to stash their plunder, Switzerland is a leading enabler of Russian dictator Vladimir Putin and his cronies. After looting Russia, Putin and his oligarchs use Swiss secrecy laws to hide and protect the proceeds of their crimes. Close relations between Swiss and Russian authorities have […]

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Digests

Helsinki Commission Digital Digest April 2022

Apr 29, 2022

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