Saturday, May 26, 2012

High Tide: From Talks End Amid Enrichment Revelation To A US Probe Of China?s ZTE

A roundup of corruption-related news from Dow Jones and other sources. You can also receive a newsletter version of Corruption Currents here.

Bribery:

FIFA is asking its members Friday to back reforms following a series of scandals, including bribery allegations surrounding the presidential election, bid-rigging over hosting the World Cup and more. One FIFA official banned amid the scandals has been left out in the cold. More here. (Bloomberg, PM News Nigeria, AP)

The FCPAmericas blog considers what the Brazilian legislature might mull over now that it delayed a vote on a foreign bribery bill.?The FCPAProfessor has a Friday roundup. Thebriberyact.com continues a series on what to do when you discover bribery. Howard Sklar will surprise you with his thoughts on instrumentalities. Mike Volkov has a guest post on Russian corruption. Trace International looked at the Turkcell case

If cops are taking bribes, who will police the police in the U.K? More here and here. (Transparency International, Guardian, BBC)

Money Laundering:

A whole group of anti-money laundering officers for HSBC are being laid off in Buffalo. More here. (WKBW, Buffalo Bizjournal)

A former presidential candidate in Belarus called for investigating the U.S. allegations of money laundering at JSC Credexbank. (Belarus News)

Guatemalan police arrested a former attorney general on charges that include money laundering and bribery. He didn?t appear to be contacted for comment. (Reuters)

A Virginia man returned to the U.S. to face money laundering charges after fleeing in 1999. More here. He didn?t appear to be contacted for comment.?(Daily Pilot, CBS Los Angeles)

A Brooklyn, N.Y. rabbi admitted to laundering money for informant Solomon Dwek in New Jersey?s biggest corruption scandal. (Cliffview Pilot)

There are already cases against Nawas Sharif and his family in Pakistan?s judicial system. (Express Tribune)

In its first year, a money laundering and tax evasion task force in Malaysia has detained 300 people. (Sun Daily)

Dirty money still flows easily through Mexico. (The Indypendent)

More coverage of the Mexican governor who was suspended from his party is here. (Univision)

Black money us burning a hole in India?s finances. (The Age)

The son of India?s cricket board accused his father of money laundering.

Sanctions:

The meeting between global powers and Iran ended only with an agreement to meet next month in Moscow. The talks were ?intense.? Were expectations set too high? A U.S. diplomat said Tehran isn?t feeling enough pressure yet. Following the talks, United Nations nuclear inspectors reported finding uranium enriched beyond the highest previously reported levels. Tehran insisted it have the right to continue enrichment. It may not be for weapons, though, according to experts. More here, here and here. (PBS, Wall Street Journal, Al Monitor, Haaretz, Al Monitor, NY Times, Reuters, Haaretz, Al Jazeera, AP, NPR, Guardian)

The U.S. Commerce Department is probing Chinese telecommunications equipment maker ZTE Corp. for allegedly selling embargoed U.S. computer products to Iran. A spokesman for the company declined to comment. (Reuters)

European oil traders and shippers are having trouble handling a looming oil ban that will still be going into effect on July 1. (Dow Jones Newswires, Dow Jones Newswires)

Is Iran?s new client state going to be Lebanon? (NY Times)

Uganda returned a stake in a telecoms firm to Libyan shareholders after it was frozen during the runup of sanctions against Moammar Gadhafi. (Reuters)

The U.N. human rights chief called for the Security Council to suspend sanctions on Zimbabwe so the country has space to implement reform. (AFP)

Terrorism Finance:

Lawyers for Viktor Bout are preparing documents to appeal his sentence and for extradition back to his native Russia. More coverage of his former business partner?s jail sentence is here. (RIA Novosti, OCCRP)

Transparency:

The Vatican arrested a suspect it says leaked secret documents, though authorities didn?t identify the person beyond saying it was a layman. (AP)

Whistleblowers:

A nonprofit that supports informants says it?s OK to be a snitch. (National Whistleblowers Center)

General Anti-Corruption:

The U.S. State Department released a report into human rights around the world, and there is a lot of local reaction in the media outlets of countries covered. Graft is rampant in Pakistan?s government, problems persist in Taiwan, concerns continue in Iran and Syria and India went under the spotlight as well. More here. (The Nation Pakistan, CNA, Guardian, NY Daily News, NY Times)

An expert said corruption on the Australian waterfront isn?t much of a surprise. More here. (ABC News Australia, The Age)

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