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Note: Corporate Compliance Weekly News will not be sent next week. The next email will be dated Nov. 29, 2018. Happy Thanksgiving!
Egypt sentences ex-governor to 10 years for bribery
More than 50 nations, but not U.S., sign onto cybersecurity pact
Cable group urges antitrust probe of Comcast and Trump tweets support
Pa. businessman stuck with federal prison term in $3.5M international bribery case
'Enough is Enough': Whistleblower Says Shut Down Tow Company Responsible for Young Mother's Death
Commission requests Maltese anti-money laundering watchdog to step up supervision of banks
Complete Compliance and Ethics Manual
International Compliance 101, 2nd Edition
On Nov. 12, The Associated Press reported, “An Egyptian court has sentenced a former governor to 10 years in prison for accepting bribes to award public works contracts. In announcing the sentence Monday, the court said Hisham Abdel Basset accepted some $1.5 million in bribes while serving as governor of Menoufiya province, 60 kilometers (40 miles) north of Cairo. He was fined 15 million Egyptian pounds ($840,000).”
On Nov. 12, Axios reported, “French President Emmanuel Macron released an international agreement on cybersecurity principles Monday as part of the Paris Peace Forum. The original signatories included more than 50 nations, 130 private sector groups and 90 charitable groups and universities, but not the United States, Russia or China.”
On Nov. 12, Reuters reported, “President Donald Trump tweeted his support on Monday for a call by a cable industry group to investigate alleged anti-competitive practices by Comcast Corp, the world’s biggest entertainment company. The American Cable Association (ACA), which represents hundreds of smaller cable and broadband providers, on Monday said in a statement that it has asked the Justice Department’s antitrust division to investigate Comcast’s business practices, ‘focusing on harms stemming from the dominant communications firm’s control of cable systems, TV stations, and regional sports networks concentrated in some of the largest local markets in the country.’”
On Nov. 9, Penn Live reported, “A $3.5 million international bribery scheme involving oil pipelines in Siberia has landed a Pennsylvania-based businessman in federal prison. And a panel of the U.S. Court of Appeals for the Third Circuit has just ruled that Dimitrij Harder should stay there. His 5-year prison sentence is justified, despite Harder’s claim that his graft had an economically beneficial result for residents of that part of the former Soviet Union, Judge Eugene E. Siler concluded in the circuit court’s opinion. This was wide-ranging case.”
On Nov. 8, NBC Bay Area (San Francisco, USA) reported, “A Bay Area towing company with a history of safety violations is facing new allegations from a whistleblower who says the company is putting workers and the public in danger. … The company first came on our radar in June when a driver lost control of a towed vehicle. The runaway Buick rolled off the truck and fatally crushed 34-year-old Lilianna Preciado, the mother of a 2-year-old girl. Preciado was employed as a plumber by the city of San Francisco and was on the job repairing a water main on 28th street in Noe Valley.”
On Nov. 8, European Commission reported, “The European Commission has adopted today an opinion requiring the Maltese anti-money laundering supervisor (Financial Intelligence Analysis Unit) to continue taking additional measures to fully comply with its obligations under the fourth Anti-Money Laundering Directive. Following the Commission's request, the European Banking Authority (EBA) investigated and concluded that Malta's Financial Intelligence Analysis Unit (FIAU) was breaching Union law and issued a Recommendation on 11 July 2018. It considered that Malta failed to correctly supervise financial institutions and ensure their compliance with anti-money laundering rules.”
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