Singapore: Construction, building maintenance activities 'areas of concern' in Singapore’s fight against corruption
April 26th, 2019 Two construction industry business leaders bribed a former Resorts World Sentosa director in order to advance their business interests, but they were eventually found out by the Corrupt Practices Investigation Bureau (CPIB). Tan Keng Huat, managing director of Shanghai Chong Kee Furniture and Construction, and Teo Wee Liap, director...
United States: Sumitomo Mitsui Ordered to Fix Money-Laundering Controls in U.S.
April 26th, 2019 Sumitomo Mitsui Financial Group Inc.’s banking unit was ordered by the U.S. Federal Reserve to fix weaknesses in its protections against money laundering. Fed supervisors found “deficiencies” in Sumitomo Mitsui Banking Corp.’s anti-money laundering systems, the regulator said in an order dated April 23. The Fed said the weak...
United States: L.A. County employee and contractor who bribed him plead guilty to federal charges
April 26th, 2019 An L.A. County employee and the electrical contractor who paid him almost $300,000 in bribes both pleaded guilty to federal bribery and tax charges, with both also agreeing to cooperate in an ongoing federal investigation, according to plea agreements filed Wednesday. Mohammad R. Tirmazi, 50, of Alta Loma was working in the...
Indonesia: PLN chief suspended over graft allegations
April 26th, 2019 State electricity firm PLN has suspended its president director, Sofyan Basir, after the Corruption Eradication Commission (KPK) named him a graft suspect in a case pertaining to the Riau-1 power plant project. The board has appointed Muhamad Ali, PLN’s human capital management director, as acting president director. The KPK...Anti-Corruption Compliance Solutions
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