OTHER THINGS YOU MAY HAVE MISSED – APRIL 14

Panama Covid-19 update – too early for the daily news conference here, and crossing fingers that lower daily case figure from yesterday was not just a statistical anomaly.  We have now in a State of Emergency here for a month (since 13 March), with the lockdown from 16 March.  While probably luckier than many in my situation, it is still remarkable how quickly one gets used to something that one would have thought so strange?

14 April 2020

US: CORONAVIRUS HOBBLES CORPORATE COMPLIANCE MONITORING

In the US, a part of any settlement that a company might reach with the authorities can include the imposition of an independent monitor who rely on visits to companies and access to sensitive data to ensure that regulator-mandated changes to compliance regimes are being upheld.  On 14 April, the Wall Street Journal reported that, with travel restricted as well, monitors have reached for digital tools to continue their work – but observing corporate culture and day-to-day operations at a virtual remove is less than ideal, and it is said that recently appointed monitors—those just getting to know a company and developing plans—will likely face the biggest hurdles.

https://www.wsj.com/articles/coronavirus-hobbles-corporate-compliance-monitoring-11586856601

 

ALSTOM BRIBERY CASE INDIVIDUAL AVOIDS PRISON SENTENCE BECAUSE OF COOPERATION

On 14 April, Wall Street Journal reported that Larry Puckett, a US sales manager for an Alstom subsidiary, was sentenced to pay a $5,000 fine and complete 100 hours of community service under a form of 2-year probation.  His provided evidence against a colleague in the case.

https://www.wsj.com/articles/alstom-bribery-case-cooperator-avoids-prison-sentence-11586815157

 

DoJ BACKING SCHEME TO RECOVER $3 BILLION MADOFF FUNDS FROM FOREIGN INVESTMENT BANKS

On 13 April, the Wall Street Journal reported that the DoJ is backing efforts to force European banks and other overseas investors to give back roughly $3 billion they received from foreign investment funds that handled funds from Bernie Madoff’s Ponzi scheme.

https://www.wsj.com/articles/trump-administration-backs-madoff-trustees-hunt-for-3-billion-foreign-loot-11586796308

 

CORONAVIRUS TRIGGERS UK SHORTAGE OF ILLICIT DRUGS

On 12 April, the Guardian reported that a reduction in global travel, increased border restrictions and a slowdown in movement within the UK has resulted in a drop in the supply of illicit drugs, including heroin and the designer drug spice.  However, it also says that drug treatment experts have raised concerns a drop in the supply of illicit drugs to the UK triggered by the lockdown is leading to an increase in the number of users turning to more dangerous alternatives.

https://www.theguardian.com/society/2020/apr/12/coronavirus-triggers-uk-shortage-of-illicit-drugs

On 13 April, Newsroom Panama also reported that drug trafficking appeared to have been reduced –

https://www.newsroompanama.com/news/drug-trafficking-falls-in-wake-of-virus-pandemic

 

LOOPHOLES REVEALED IN PANAMA PAPERS REMAIN 4 YEARS LATER

On 9 April, a release from Transparency International says that by 2019, the Panama Papers data on true owners of companies had helped governments recover over $1.2 billion in assets through seizures, fines and audits — yet Africa, which is the world’s second fastest-growing regional economy, still loses as much as $50 billion in national assets every year through secrecy jurisdictions.  It says that out of the 10 most popular tax havens that appeared in the Panama Papers, only the UK has a public beneficial ownership register.  A forthcoming study by Transparency International is said to show that more than 40 countries currently have either a private or a public beneficial ownership register, with many others having enacted rules but not yet implemented the register – but the quality and adequacy of the information recorded vary greatly, however.

https://www.transparency.org/news/feature/panama_papers_four_years_anonymous_companies_corporate_secrecy

 

BRITISH AMERICAN TOBACCO UNDER CRIMINAL INVESTIGATION BY REGULATORS IN THE US OVER SUSPECTED SANCTIONS-BUSTING

On 14 April, KYC 360 reported that the DoJ and OFAC are investigating “suspicions of breach of sanctions”.  While it is not clear which country or countries the regulators are focusing on, the company mentions Iran and Cuba amongst risks in its annual report.

https://www.riskscreen.com/kyc360/news/uk-tobacco-giant-faces-sanctions-inquiry/

 

US PAY DAY LENDER FACES RICO SUIT IN RENT-A-TRIBE CLASS ACTION FOR ALLEGED USURY

On 14 April, KYC 360 reported that a Virgin Islands company is facing claims that it is using a North Dakota-based Indian tribe as a legal shield for a nationwide usury operation., and said to be lending small sums over the internet at interest rates exceeding 800%.

https://www.riskscreen.com/kyc360/news/u-s-pay-day-lender-faces-rico-suit-in-rent-a-tribe-class-action/

 

EU CALLS ON MEMBER STATES TO DESIGNATE PORTS TO FAST-TRACK CREW CHANGES

On 9 April, Seatrade Maritime News reported that the European Commission has issued guidelines calling on Member States to designate ports to fast-track crew changes.  The coronavirus crisis is affecting the ability of the shipping industry to carry out around 100,000 crew changes a month.

https://www.seatrade-maritime.com/regulation/ec-calls-member-states-designate-ports-fast-track-crew-changes

 

IRISH MAN QUESTIONED OVER INTERNATIONAL €15 MILLION COVID-19 SCAM

On 14 April, RTE reported that an investigation was launched when German health authorities made an upfront payment online of €1.5 million for face masks, only to discover the website advertising the personal protective equipment (PPE) was being operated by scammers.  The scam was uncovered when German health authorities tried to purchase face masks online from a website which appeared to be linked to a legitimate company in Spain but the site had been cloned by scammers.

https://www.rte.ie/news/coronavirus/2020/0414/1130294-covid-19-scam/

 

SWITZERLAND: INDICTMENT FILED AGAINST IS MEMBER

On 14 April, a news release from the Federal Council advised that the Office of the Attorney General of Switzerland (OAG) has filed an indictment against an Iraqi citizen for allegedly being a member of and carrying out various activities for the Islamic State terrorist organisation (IS) while operating from Switzerland.

https://www.admin.ch/gov/en/start/documentation/media-releases.msg-id-78776.html

 

US GOVERNMENT PROVIDES FURTHER GUIDANCE ON EXPORT RESTRICTIONS ON PPE

On 13 April, Wilmer Hale issued a Client Alert about a US Customs and Border Protection Memorandum of 9 April on the implementation of the US Federal Emergency Management Agency’s (FEMA) Temporary Final Rule (TFR) restricting exports of personal protective equipment (PPE), and which narrows the scope of the TFR.

https://www.wilmerhale.com/en/insights/client-alerts/20200413-covid19-us-government-provides-further-guidance-on-export-restrictions-on-ppe

 

COVID-19 FUNDAMENTALLY RESHAPES THE FCA STRATEGIC PRIORITIES IN 2020/2021 BUSINESS PLAN

An article from Gowling WLG on 9 April says that the Business Plan published on 7 April has understandably been reshaped as a result of the impact of the COVID19 pandemic on consumers and financial markets.  The article provides a summary of  the key aspects of the Business Plan and explores the FCA’s expectations for firms to take the end outcomes for consumers and markets into greater account when designing and delivering services.

https://gowlingwlg.com/en/insights-resources/articles/2020/covid-19-fundamentally-reshapes-the-fca-plan

 

US RETURNS $300 MILLION OF 1MDB FUNDS TO MALAYSIA

Channel News Asia in its 15 April edition reported that, combined with other funds handed over nearly a year ago, the DoJ said it has now returned or helped Malaysia recover more than $1 billion in funds and assets lost in the scam.  The money was a part of the more than $4.5 billion that US investigators say was looted from the state-owned investment firm, with alleged help from Malaysian ex-prime minister Najib Razak and his inner circle.

https://www.channelnewsasia.com/news/business/us-returns-us-300m-of-1mdb-funds-to-malaysia-12642624

 

LATVIA UNCOVERS MONEY LAUNDERING SCHEME

On 14 April, OCCRP reported that authorities in Latvia have launched criminal proceedings against a group that allegedly laundered more than €7 million through a string of fictitious plastic granule companies.  The authority also seized 520 tonnes of biopolymer granules, worth approximately €5 million.

https://www.occrp.org/en/daily/12098-latvia-uncovers-money-laundering-scheme

 

DATA PROTECTION BREACHES AND VICARIOUS LIABILITY

Law chambers 6 Pump Court has produced a briefing on 2 recent cases in England that, the author says, provide a thorough overall account of the main issues of principle, namely: when is there a relationship which allows one person to be liable for the wrongs of another, and what is it about such a connection which makes that person liable for the particular wrongs committed?

https://www.6pumpcourt.co.uk/wp-content/uploads/2020/04/Vicarious-Liability-and-Data-Protection-simplified.pdf

 

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ISIS THE ART DEALER: STOPPING TRADE ESSENTIAL TO STOPPING TERROR GROUP

On 13 April, the Regulatory Review published an article arguing that stronger regulations are needed to combat antiquities trafficking that finances terrorist activity.  Sales of stolen cultural property and art from conflict zones around the world have helped terrorist organizations like ISIS continue to fund their illegal activities. These complex operations span the globe and implicate parties as diverse as archaeologists and Facebook.  It says that the ad hoc nature of domestic regulatory oversight and policing gives rise to a need for legislation that can stem the flow of antiquities revenue going to ISIS, which some estimates place as high as $100 million.  It says that ISIS grants licences to certain approved individuals to sell the artifacts, which are often shipped through Singapore or Thailand before reaching their final destination — a way to obscure their looted origins.  It says that no single US law exclusively governs the trafficking of stolen cultural artifacts. [Note that EU and UK law, on the other hand, does have legislation targeting illicitly removed cultural and archaeological material].

https://www.theregreview.org/2020/04/13/kees-isis-art-dealer/

 

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LIST OF COUNTRIES’ TEMPORARY IMPORT SUPPORT (LOWERING OR WAIVING OF DIRECT AND INDIRECT DUTIES AND TAXES) ON CERTAIN CATEGORIES OF CRITICAL MEDICAL SUPPLIES IN RESPONSE TO COVID-19

The World Customs Organisation has published a list of the measures introduced around the world to encourage or facilitate the import of critical medical supplies.

http://www.wcoomd.org/en/topics/facilitation/activities-and-programmes/natural-disaster/temporary-import-support-measures-adopted-by-members.aspx

 

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RUSSIAN SANCTIONS AND IRAN SANCTIONS – A GUIDE FOR EU BUSINESSES

On 14 April, Out-Law published concise guides to the EU sanctions regimes.

https://www.pinsentmasons.com/out-law/guides/russian-sanctions-guide-eu-businesses

https://www.pinsentmasons.com/out-law/guides/iran-sanctions-and-eu-businesses

 

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RED FLAG UP ON SOUTH SUDAN MINING SECTOR

On 14 April, All Africa reported that US anti-corruption watchdog, The Sentry, is warning that the next source of conflict in South Sudan could emerge from the unregulated mining sector that has been captured by politically connected locals and foreigners.  It warns that the mining industry could become an engine for major economic growth, but that it remains highly susceptible to the violent competition, corruption, and mismanagement.

https://allafrica.com/stories/202004140441.html

 

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FATF AML/CFT EVALUATION REPORT ON LUXEMBOURG DELAYED

On 14 April, the Luxembourg Times reported that FATF was forced to postpone the onsite visits that precede the evaluation, and that its review of the Luxembourg system has been postponed to October 2021.

https://luxtimes.lu/luxembourg/40413-anti-money-laundering-test-postponed-over-pandemic

 

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FINANCIAL STABILITY BOARD OPENS CONSULTATION RE GLOBAL STABLECOINS

On 14 April, Ledger Insights reported that the Financial Stability Board (FSB) has published a 67-page document analysing global stablecoins – such as Facebook’s Libra – and inviting a response to its consultation by 15 July.  The FSB was established by the G20 in 2009 and is an international body that monitors and makes recommendations about the global financial system. The paper explores the potential vulnerabilities of stablecoins and the risks to financial stability.  The FSB has made 10 recommendations In relation to global stablecoins, and these include that they should have effective risk management for reserves, operational resiliency, cybersecurity and AML/CFT.

https://www.ledgerinsights.com/global-stablecoin-financial-stability-board-fsb-consultation/

The document is at –

https://www.fsb.org/wp-content/uploads/P140420-1.pdf

 

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EXPLORING CONNECTIONS: CORRUPTION, TERRORISM AND TERRORIST FINANCING

On 2 April, RUSI published an Occasional Paper which explores how corruption can enable terrorism and facilitate terrorist financing, and the manner in which corruption – for example, corrupt border security guards or the illegal exploitation of natural resources – can facilitate both terrorism and terrorist financing.  This paper sets out to remedy this dearth by looking at terrorism and terrorist financing, respectively., and divides its analysis across 2 primary areas: considering the ways in which corruption can enable terrorism, and how corruption can also facilitate terrorist financing. In the former, the connection between terrorism and corruption is particularly evident in 2 fields: border corruption and defence sector corruption.

https://rusi.org/sites/default/files/20200402_izenman_and_keatinge_final.pdf

 

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UK EXPORT LICENCE PROCESSING DURING THE CORONAVIRUS CRISIS

On 14 April, the Export Control Joint Unit published Notices to Exporters 2020/09 and 10 containing updated information on the work of the Unit during the crisis.  2020/10 contains various interim arrangements to help cope with problems caused by the crisis, including increased time limits for requests for information and the acceptance of digital copies of supporting documents, such as end-user certificates.

https://www.gov.uk/government/publications/notice-to-exporters-202009-export-control-joint-unit-updates-guidance-on-compliance-checks-for-open-licences/notice-to-exporters-202009-export-control-joint-unit-updates-guidance-on-compliance-checks-for-open-licences

https://www.gov.uk/government/publications/notice-to-exporters-202010-processing-licence-applications-during-coronavirus-covid-19/notice-to-exporters-202010-processing-licence-applications-during-coronavirus-covid-19

 

 

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OTHER THINGS YOU MAY HAVE MISSED – APRIL 13

Panama Covid-19 update – some better news today, with only 72 new cases in the last 24 hours – two-thirds or more less than the daily average of the past few days – though one worries it might just be somehow linked to the Easter Weekend.  Today was a woman’s day for their 2-hour time slot, the total lockdown of the weekend having ended.  Mind you, we also had the first really heavy thunderstorm and monsoon-like rain for many weeks – so perhaps one didn’t want to be out and about anyway.  One state has become the first to make face mask mandatory for anyone out in public.  Total confirmed cases to date now stand at 3,472, with 91 deaths (which is a 50% rise on the total fatalities of about a week ago).

13 April 2020

PORTS AND WAREHOUSES IN EUROPE ARE PREPARING FOR ARRIVAL OF UNWANTED CONTAINERS

On 13 April, the FT was said to have reported that the containers will contain goods ordered in the brief period when the Chinese economy was getting going again, but before European countries went into lockdown, and the problem will affect ports such as Rotterdam, Antwerp and Hamburg.  One prediction is that there will be 4 to 5 weeks of inventory piling up in the ports, because no one wants the goods anymore.

 

CANADA LIFTING A FREEZE ON ARMS EXPORTS TO SAUDI ARABIA

On 9 April, Reuters reported that Canada is lifting a freeze on weapons exports to Saudi Arabia and has renegotiated a much-criticised $14 billion contract to sell armoured vehicles, which would secure thousands of jobs at the Canadian plant where the vehicles are being made.  It is also reported that, under the terms of the renegotiated agreement, Canada could delay or cancel permits without penalty if it discovered Saudi Arabia was not using the vehicles for their stated purpose.  It would also boost its scrutiny of all proposed weapons sales.

https://www.reuters.com/article/us-canada-defense-saudi/canada-lifting-a-freeze-on-arms-exports-to-saudi-arabia-opposition-wants-big-deal-scrapped-idUSKCN21R3KH

 

NEW US INDICTMENTS PUTS FOCUS ON SWISS FAILURES IN FIFA CORRUPTION CASE

On 13 April, KYC 360 reported that Swiss authorities have confirmed that they plan to drop 1 of 2 cases against Sepp Blatter, a former president of FIFA.  While the US has successfully prosecuted many of them, the Swiss have failed in their attempts to match their US counterparts in the pursuit of convictions and indictments.

https://www.riskscreen.com/kyc360/news/u-s-success-puts-focus-on-swiss-failures-in-fifa-corruption-case/

 

WHAT THE HOSKINS ACQUITTAL REVEALS ABOUT CONTESTING “JURISDICTIONAL” ISSUES IN US CRIMINAL JUSTICE

A blog post from the New York University School of Law on 13 April was concerned with the (partial) acquittal of British citizen Lawrence Hoskins, after the judge raised the question not of whether he was guilty of the alleged crimes (he had already been convicted), but whether the criminal statute applied to him at all.  Hoskins had worked for French manufacturing giant Alstom SA as an officer of its UK subsidiary, and had been involved in a scheme to hire third parties knowing that they would pay bribes to Indonesian government officials.  The government conceded that Hoskins pursued this scheme in the UK, France, and Indonesia, but never committed any relevant act in the territory of the US.  Hoskins had argued that the FCPA did not apply to him under the particular circumstances of his situation.  The post points out that a number of recent, unrelated cases (some currently pending) suggest that this is neither a rare nor an inconsequential occurrence.

https://wp.nyu.edu/compliance_enforcement/2020/04/10/what-the-hoskins-rule-29-acquittal-reveals-about-contesting-jurisdictional-issues-in-american-criminal-justice/

 

FINLAND REVERSES HUMAN RIGHTS POLICY ON MILITARY EXPORTS OVER YEMEN

On 13 April, News Now Finland reported that Finland has issued new export licences for military exports to UAE, reversing a 2018 policy promise to stop sales to any country involved in the Yemen conflict.  Although UAE has officially pulled its troops out of Yemen it still actively backs various anti-Houthi forces in alliance with Saudi Arabia.

https://newsnowfinland.fi/finland-international/yemen-u-turn-finland-reverses-human-rights-policy-on-military-exports

 

HMRC FACTSHEET: COMPLIANCE CHECKS: PUBLISHING DETAILS OF DELIBERATE DEFAULTERS

On 13 April, HMRC published updated information about when HMRC may publish the details of people who deliberately get their tax affairs wrong.

https://www.gov.uk/government/publications/compliance-checks-publishing-details-of-deliberate-defaulters-ccfs13

 

UK: NAME-CHECKING FRAUD PREVENTION SYSTEM HAS ALREADY REDUCED BANK TRANSFER SCAMS BY 31%

The Daily Mail on 13 April reported that Lloyds Bank has said that a new name-checking fraud prevention system could have already helped reduce authorised push payment scams by nearly a third, according to figures from the first bank to fully introduce it.  Lloyds Banking Group, Britain’s largest current account provider, rolled out Confirmation of Payee to Lloyds, Halifax and Bank of Scotland customers over 5 weeks in February and March, and said it had now carried out 4 million name checks.  Lloyds said authorised push payment fraud, where customers are tricked into sending money directly to a fraudster’s bank account, fell by 31% among customers who had used the service.

https://www.thisismoney.co.uk/money/beatthescammers/article-8204559/Name-checking-Confirmation-Payee-cuts-bank-scams-31.html

 

CZECH COURT RULES AGAINST EXTRADITING TAIWANESE TO CHINA

On 13 April, it was reported that the Constitutional Court of the Czech Republic has ruled that eight Taiwanese who are accused by Beijing of telecom fraud cannot be extradited to China.  It ruled that a 2018 decision to extradite the Taiwanese had not taken into account the likelihood they would suffer from torture and other inhumane treatment if they were sent to China.

https://safeguarddefenders.com/en/blog/czech-court-rules-against-extraditing-taiwanese-china

 

BRITISH COLUMBIA TRANSPARENCY REGISTER REQUIREMENTS EXTENDED TO 1 OCTOBER

On 13 April, Bennett Jones reported that the effective date for all private companies to maintain a “transparency register” has been postponed from 1 May to 1 October.

https://www.jdsupra.com/legalnews/transparency-register-requirements-76718/

 

BRISBANE RIVERFRONT HOUSE AT CENTRE OF PAPUA NEW GUINEA CORRUPTION PROBE

In its 14 April issue, the Financial Review reported that a Brisbane house and 3 Australian banks are now at the centre of a money laundering probe into a $10.3 million payment by an oil company to a company linked to a senior minister in Papua New Guinea.

https://www.afr.com/companies/mining/brisbane-riverfront-house-at-centre-of-png-corruption-probe-20200225-p5442d

https://www.afr.com/companies/energy/federal-police-examine-horizon-oil-corruption-allegations-20200210-p53zeb

 

RECOVERING STOLEN ART AND ANTIQUITIES UNDER US FORFEITURE LAWS

A paper published by the North Carolina Journal of International Law in March sets out to explain how the criminal and civil forfeiture laws work, provides a number of examples of their successful application to the recovery of stolen artwork and other cultural property, and then discusses the conflict between the government’s effort to recover property for the benefit of the rightful owner and the statutory right of third parties with competing interests to intervene and prevent the government from succeeding.  The paper concludes with a recommendation for a “legislative fix” that would limit the ability of third parties, other than the victim of the unlawful taking of the property, to block the government’s effort to recover the property under the forfeiture laws.

https://works.bepress.com/stefan_cassella/51/

 

FBI ANTICIPATES RISE IN BUSINESS EMAIL COMPROMISE (BEC) SCHEMES RELATED TO THE COVID-19 PANDEMIC

On 6 April, Homeland Security Today reported that BEC is a scam that targets anyone who performs legitimate funds transfers. Recently, there has been an increase in BEC frauds targeting municipalities purchasing personal protective equipment or other supplies needed in the fight against COVID-19.  In a typical BEC scheme, the victim receives an email they believe is from a company they normally conduct business with, but this specific email requests funds be sent to a new account or otherwise alters the standard payment practices.

https://www.hstoday.us/subject-matter-areas/cybersecurity/fbi-anticipates-rise-in-business-email-compromise-schemes-related-to-the-covid-19-pandemic/

 

AUSTRALIA: WESTPAC EXPECTS $900 MILLION PENALTY FOR BREACHING MONEY LAUNDERING LAWS

On 13 April, ABC News reported that the bank estimated that it might be hit with a A$900 million penalty for failing to prevent up to 23 million breaches of money laundering laws via its Litepay system.

https://www.abc.net.au/news/2020-04-14/westpac-1.4-billion-hit-to-first-half-earnings/12146360

 

SFO: TESCO CONCLUDES 3-YEAR DPA FOR ACCOUNTING SCANDAL

On 13 April, Compliance Journal reported that British supermarket chain Tesco Stores has fulfilled the terms of its 2017 deferred prosecution agreement resulting from an accounting fraud scandal.

https://www.complianceweek.com/accounting-and-auditing/sfo-tesco-concludes-three-year-dpa-for-accounting-scandal/28742.article

 

FIGHTING CORRUPTION FOR US ECONOMIC AND NATIONAL SECURITY INTERESTS

On 13 April, a report from the CSIS think-tank in the US published this report. which says that, according to the World Economic Forum (WEF), the amount of money lost to corruption globally is $2 trillion a year.  Much of these losses occur in low- and middle-income countries that desperately need funding in order to provide basic services for citizens. This money could also go a long way toward filling the financing gap for the UN 17 Sustainable Development Goals (SDG) and preparing countries for global pandemics such as Covid-19.  It argues that  a return to a focus on good governance — particularly a levelling of the global playing field for businesses as well as compliance with international standards and US regulations — will help US companies maintain their competitiveness and facilitate investment and capital where it is needed the most.  However, developed countries are not immune to corruption either. The World Justice Project’s Rule of Law Index 2019 reports that for a second consecutive year, measurements of good governance declined in more countries than those that showed improvement.  The report thus calls for a call for further US engagement on anti-corruption efforts, and makes various recommendations for the Trump Administration.

https://csis-prod.s3.amazonaws.com/s3fs-public/publication/20413_Metzger_WEB%20FINAL.pdf?nE5Dx_MoUeOV8cvId_nK5ufJpY0dh3r4

 

COVID-19 KILLS SERBIA’S ALLEGED DRUG LORD

On 13 April, OCCRP reported that a controversial businessman known as ‘Serbian Al Capone’ and considered the region’s top narco-boss died in a Belgrade hospital on Sunday after suffering from respiratory complications caused by COVID-19.

https://www.occrp.org/en/daily/12083-covid-19-kills-serbia-s-alleged-narko-boss

 

BRAZIL: RIO DE JANEIRO STATE EXTENDS ILLEGAL UNPAID LABOUR FOR PRISON INMATES

On 13 April, OCCRP reported that Brazil’s state of Rio de Janeiro has widened a “volunteer work programme” for which inmates receive reduced sentences and which human rights groups claim is illegal.  It was intended as an emergency cost-cutting measure to keep Rio’s prisons running, and was only supposed to last until January 2019.  By April 2019, the state’s Secretariat for Prison Administration (SEAP) had created 1,990 places on the programme to meet a rise in demand.  It has now been extended further.

https://www.occrp.org/en/daily/12085-brazil-s-rio-de-janeiro-extends-illegal-unpaid-labor-for-inmates

 

SEC CHARGES FORMER FINANCIAL SERVICES EXECUTIVE OVER ALLEGED CORRUPTION INVOLVING ELECTRICAL PLANT IN GHANA

A release on Mondo Visione on 13 April announced that the SEC has charged a former executive of a financial services company with orchestrating a bribery scheme to help a client to win a government contract to build and operate an electrical power plant in the Republic of Ghana in violation of the FCPA.  Asante Berko is a former executive of a foreign-based subsidiary of a US bank holding company, and he allegedly arranged for his firm’s client, a Turkish energy company, to funnel at least $2.5 million to a Ghana-based intermediary to pay illicit bribes to Ghanaian government officials in order to gain their approval of an electrical power plant project.

https://mondovisione.com/media-and-resources/news/sec-charges-former-financial-services-executive-with-fcpa-violations/

 

IMO AND PORT STATE INSPECTION AUTHORITIES SET PRAGMATIC APPROACH TO SUPPORT GLOBAL SUPPLY CHAIN

Hellenic Shipping News on 14 April reported that, while the number of physical on-board ship inspections, to enforce compliance with international regulations, has reduced considerably during the COVID-19 pandemic, in order to protect both port State control officers and seafarers, the regimes continue to work to target high-risk ships which may be substandard.

https://www.hellenicshippingnews.com/imo-and-port-state-inspection-authorities-set-pragmatic-approach-to-support-global-supply-chain/

 

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