Brazil: Implementation of election law meant to track corruption in campaign financing

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Brazilian authorities are investigating thousands of reports of fraud and criminal interference in the country’s municipal elections, including one case in which the country’s most notorious prison gang allegedly funded the campaign of a city councillor in an effort to broaden its sphere of influence.

 

The elections, for mayors and councillors, are the first to be held under a new electoral law adopted in September, 2015, that was meant to reduce corruption. The reform was prompted by the giant graft scandal known as Lava Jato, in which companies seeking contracts at the state energy company Petrobras paid kickbacks to politicians that were used, in part, to fund electoral campaigns.http://www.theglobeandmail.com/news/world/brazilian-electoral-law-meant-to-cut-corruption-impedes-donation-tracking/article32514793/

Global: Telia asked to pay for corruption allegations

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U.S. and Dutch authorities are asking Swedish telecom carrier Telia Company AB to pay $1.4 billion to settle allegations it distributed hundreds of millions of dollars in bribes to secure business in Uzbekistan. http://www.wsj.com/articles/telia-to-pay-1-4-billion-in-bribery-probe-1473921293

Brazil: Prosecutors want Ex-President Lula charged with Corruption

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Federal prosecutors in Brazil have asked a judge to file corruption charges against former President Luiz Inacio Lula da Silva. They accused him of being the "boss" of a huge corruption scheme that cost the state oil company, Petrobras, an estimated $12.6bn (£9.5bn) in losses. http://www.bbc.com/news/world-latin-america-37368852

Global: China & Cambodia sign MOU on money laundering

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Cambodia and China last week signed an agreement to exchange financial intelligence to combat money laundering and terrorism financing, though experts said the Kingdom should still be doing more to tackle an issue that has long persisted in the country, in part, due to local corruption. Cambodia’s Financial Intelligence Unit (FIU) and China’s Anti-Money Laundering Monitoring and Analysis Center last Tuesday signed a memorandum of understanding to cooperate to fight the problem, according to an announcement from the National Bank of Cambodia. Both parties “plan to strengthen cooperation focusing on training, capacity-building and technical assistance”, the announcement stated. http://www.phnompenhpost.com/national/cambodia-china-sign-new-mou-money-laundering

 

 

Denmark: Denmark buys Panama papers

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Denmark has become the first country in the world to apparently buy data fromthe Panama Papers leak, and now plans to investigate whether 500-600 Danes who feature in the offshore archive may have evaded tax. https://www.theguardian.com/news/2016/sep/07/panama-papers-denmark-becomes-first-country-to-buy-leaked-data

   
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