United States: Real estate agent is slapped with a six-month prison sentence after paying $450,000 to get his son and daughter into USC
November 15th, 2019 Former California real estate executive Toby MacFarlane has been sentenced to six months behind bars - the longest prison term so far of defendants in the college admission scandal. MacFarlane, 56, of Del Mar, has also been ordered to pay $150,000 and do 200 hours of community service, the U.S. Attorney's Office of Massachusetts...
Australia: National Australia Bank faces 'significant' penalties for money laundering breaches
November 15th, 2019 NAB is facing a significant financial penalty from the financial intelligence regulator after self reporting a large number of breaches of anti-money laundering and counter-terrorism laws and says there may be more to come. The bank is still working on fixing shortcomings within its anti-money laundering and counter-terrorism...
United States: Union enacts ethics reforms in wake of fed's corruption probe
November 14th, 2019 The United Auto Workers union will tighten financial controls, ban contributions from employers and vendors to charities run by its officers, and hire an ethics officer in the wake of a federal corruption investigation. Acting President Rory Gamble said in a statement Wednesday that the reforms also will include a commitment to...
Guatemala: Guatemala congress cuts sentences for corruption convictions
November 14th, 2019 Guatemalan legislators have voted to reduce the possible jail terms for acts of corruption by as much as 50% for those who confess to their acts. The country's unicameral congress voted by a slim majority Tuesday to approve the changes. Guatemala has been in the grip of a corruption crisis that has ensnared public servants,...Anti-Corruption Compliance Solutions
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