COMPLIANCE ETC: THINGS YOU MAY HAVE MISSED – MARCH 7

The latest Covid-19 statistics, for the week ending 4 March, have been released. I can’t help thinking they show a Carnivale effect, as they show a small, but significant increase. There are 458 new cases (compared to 259 the week before, and slightly more than the total for 3 weeks ago). There were also 5 new fatalities – the highest weekly total since mid-January. The good news is that the numbers in hospital wards, 31, are down, and just 1 patient remains in ICU. On the other hand, the number of active cases has risen by 73 to 598.

In other news, former President Martín Torrijos has announced his candidacy for the 2024 Presidential elections. He was the President 2004-2009. In Panama, Presidents can only serve one 5-year term at a time. The odd thing, perhaps, is that he will not be the candidate for the PRD party, whose candidate he was in 2004.

Meanwhile, the latest opinion poll shows that former President Martinelli is still ahead, just, on 31%, with a current Vice-President just behand on 27%.

In other news, it is reported that Brazilian Odebrecht – the company that was mired in the “Car Wash” corruption scandals – has not paid its fine for 2022, and is so in breach of its agreement with Panama. The fine agreed in 2017 was $220 million, payable over 12 years, to which has been added default interest. For 2022, with a 5% surcharge for late/non-payment, it owes $19.2 million.

https://www.prensa.com/judiciales/odebrecht-sigue-sin-pagar-la-multa-le-empresa-le-dice-al-juez-que-no-tiene-plata/

https://www.icij.org/investigations/bribery-division/bribery-division-what-is-odebrecht-who-is-involved/

7 MARCH 2023

https://www.buymeacoffee.com/KoIvM842y

EU ADDS 9 INDIVIDUALS AND 3 ENTITIES TO HUMAN RIGHTS SANCTIONS LISTS

EU Regulation 2023/500/EU has added 9 individuals and 3 entities to the sanctions lists under EU Regulation 2020/1998.  The individuals are Russian, Afghan and South Sudanese nationals, plus 1 Myanmar national.  Also designated are the Qarchak Prison in Iran, the Syrian Republican Guard, and Office of the Chief of Military Security Affairs (OCMSA) in Myanmar.

https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32023R0500&from=EN

https://eur-lex.europa.eu/legal-content/EN/AUTO/?uri=uriserv:OJ.LI.2023.069.01.0011.01.ENG&toc=OJ:L:2023:069I:TOC

https://www.europeansanctions.com/2023/03/eu-designates-12-over-violence-against-women-and-girls/

https://www.buymeacoffee.com/KoIvM842y

EGBA RELEASES PAN-EUROPEAN AML GUIDELINES FOR GAMBLING SECTOR

On 7 March, Gambling Insider reported that the trade body, the European Gaming and Betting Association (EGBA), has released its first set of pan-European regulations to assist the online gambling industry in helping Europe fight money laundering.

https://www.gamblinginsider.com/news/20351/egba-releases-pan-european-anti-money-laundering-guidelines

https://www.egba.eu/news-post/egba-publishes-new-pan-european-anti-money-laundering-guidelines-for-online-gambling/

https://www.egba.eu/uploads/2023/03/230306-EGBA-Guidelines-on-AML-for-Online-Gambling-FINAL.pdf

https://www.buymeacoffee.com/KoIvM842y

RIO TINTO TO PAY SEC $15 MILLION OVER FOREIGN BRIBERY CHARGES

On 6 March, the Wall Street Journal reported that the mining and metals company Rio Tinto PLC had agreed to pay a $15 million civil penalty to settle a years-long probe into allegations it violated the FCPA foreign bribery law, according to the SEC.  It is said that the alleged payments prompted investigations in the UK, UK and Australia, following a disclosure of potential wrongdoing by the company in 2016.  

https://www.wsj.com/articles/rio-tinto-to-pay-sec-15-million-over-foreign-bribery-charges-3fd65a91

https://www.buymeacoffee.com/KoIvM842y

PokerStars OWNER ENTERS $4 MILLION SETTLEMENT WITH SEC OVER RUSSIA PAYMENTS

On 6 March, the Wall Street Journal reported that Flutter Entertainment, owner of PokerStars and other popular gambling brands, will pay $4 million to settle allegations that the handling of payments to Russia-based consultants violated the FCPA foreign bribery law.  The alleged violations were said to be committed by PokerStars’ previous owner, the Stars Group.  Flutter withdrew from Russia after the 2022 invasion of Ukraine, according to the SEC.

https://www.wsj.com/articles/pokerstars-owner-enters-4-million-settlement-with-u-s-over-russia-payments-a7790dd9

https://www.buymeacoffee.com/KoIvM842y