United States: Man Pleads Guilty in Alabama to Bribery for Army Contracts
July 18th, 2018 A man has pleaded guilty in Alabama to federal charges that he paid bribes to Army officials in exchange for military contracts during the Iraq war. The Justice Department said Monday that 62-year-old Finbar Charles admitted in his plea to personally receiving more than $228,000 in illicit gains as a result of the bribery scheme....
Singapore: Singapore's precious stones and metals industry to face tighter scrutiny on money laundering risks
July 18th, 2018 DEALERS of precious stones and metals could soon have to register with the authorities, under a regulatory regime proposed by the Ministry of Law on Tuesday. New rules, designed to manage money laundering and terrorism financing risks in the industry, would also require dealers to have measures in place to mitigate any such risks...
United States: Judge Orders Chinese Billionaire to Report to Prison
July 18th, 2018 The dispute over when a Chinese billionaire, Ng Lap Seng, should begin serving a four-year prison sentence imposed on him in May appeared to end Monday night when a federal judge in Manhattan ordered that he surrender to the authorities on Wednesday at noon. Mr. Ng, who is said to be worth $1.8 billion, was convicted last year of...
Malaysia: Four directors remanded over graft probes
July 18th, 2018 A government department director and three company directors have been remanded to facilitate several graft investigations. Sabah Malaysian Anti-Corruption Commission official Mohd Faliq Basirudin said the four comprising a Department of Ports and Harbours Sabah director and three contract company directors were detained on Sunday...Anti-Corruption Compliance Solutions
ethiXbase is dedicated to improving corporate compliance practices through an array of anti-corruption compliance services. We provide businesses with the tools they need to achieve greater supply chain visibility and ensure the integrity of their third parties. Our anti-corruption due diligence and third party management services were established in response to the increasingly globalised nature of modern businesses. Where previously a businesses supply chain consisted of enterprises closely linked together with well-established commercial relationships, modern systems often consist of a spider web of international suppliers, vendors, distributors and agents. ethiXbase shields your business by verifying, managing and educating your third party intermediaries across the globe.
Online Anti-Bribery and Corruption Platform
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