Fintech money laundering / Myanmar pharmaceutical SOE / India surprise checks

-

Money laundering, data breaches emerge as dark side of fintech.  “Coordinating Economic Minister Darmin Nasution said that while fintech could make financial services accessible to more people compared to conventional financial institutions, there were three threats related to the mushrooming of fintech services…money laundering, data breaches and monopolies,”

The Jakarta Post: https://www.thejakartapost.com/news/2019/09/09/money-laundering-data-breaches-emerge-as-dark-side-of-fintech.html

 

Myanmar State Pharmaceutical Factory Official Arrested on Corruption Charges.  “Myanmar’s Anti-Corruption Commission (ACC) opened a case against the general manager of Burma Pharmaceutical Industry (BPI), a state-owned pharmaceutical factory in Insein, Yangon region, charging him with bribery over alleged improper purchasing of raw materials for the factory.”

San Yamin Aung/The Irrawaddy: https://www.irrawaddy.com/news/burma/myanmar-state-pharmaceutical-factory-official-arrested-on-corruption-charges.html  

 

Anti-corruption agencies in Tamil Nadu step up vigil ahead of festivals.  Investigative agencies such as Central Bureau of Investigation (CBI) and Tamil Nadu’s Directorate of Vigilance and Anti-Corruption (DVAC) have started conducting more surprise checks at government offices where officials work in direct contact with citizens and contractors, as bribe collection is at an all-time high around Vinayaka Chaturthi, Diwali and Ayutha Pooja

Siddharth Prabhakar/The Times of India:  https://timesofindia.indiatimes.com/city/chennai/anti-corruption-agencies-step-up-vigil-ahead-of-festivals/articleshow/71040419.cms

Popular posts from this blog

Middle East & North Africa - Ukraine - Sri Lanka

-
Corruption fuels ongoing conflict. The Middle East and North Africa has been in a decline on the Corruption Perceptions Index (CPI) for years. The region is also ranked as the "least peaceful region" according to the Global Peace Index. Transparency International (TI) argues that corruption, conflict, and security are profoundly intertwined. TI: https://www.transparency.org/en/news/cpi-2022-middle-east-north-africa-corruption-fuels-ongoing-conflict   [Opinion] Ukraine's corruption purge is setting the stage for private investment-driven recovery. Corruption is regarded as a key threat to the Ukrainian economy, depriving public budgets and discouraging foreign direct investments (FDI). The current administration has taken strong anti-corruption action, and the country has witnessed a significant increase in FDI in recent years, says author. DevDiscourse: https://www.devdiscourse.com/article/business/2353089-ukraines-corruption-purge-setting-stage-...
Read more

The Pacific - Nepal - Eastern Europe & Central Asia

-
[Blog] How are perceptions of corruption in seven small Pacific countries? Larger Pacific Island neighbors are often garnering the lion's share of attention both from researchers and policy makers. How are the experiences of corruption in countries like Tuvalu, Tokelau, Niue, the Republic of the Marshall Islands (RMI), The Cook Islands, Palau, and Nauru? DevPolicy Blog: https://devpolicy.org/perceptions-of-corruption-in-seven-small-pacific-island-countries-20230223/   [Opinion] Two decades of new anti-corruption law in Nepal: Why it missed its mark. According to a Nepalese journalist, the Anti-Corruption law and Prevention of Corruption act of 2002 laid the foundation for numerous investigations, scandals, and court cases. To a large extent, they did however fail to enable significant conviction and return of assets. Online Khabar: https://english.onlinekhabar.com/anti-corruption-law-missing-target.html   [Blog] Growing security risks and authorit...
Read more

Global - Sub-Saharan Africa - Turkey & Syria

-
Invisible Trillions review: Global capitalism operates beyond the rule of law and threatens democracy. Raymond W. Baker's new book "Invisible Trillions" argues that "secrecy has become as important for corporations as transparent and taxable profits used to be". "Only radical improvements across the globe in financial transparency and accountability, and in regulatory capacity and integrity, can break this cycle of political decay and despair". The Conversation: https://theconversation.com/invisible-trillions-review-global-capitalism-operates-beyond-the-rule-of-law-and-threatens-democracy-199311   [Blog] The dynamics of violent extremism in sub-Saharan Africa. There is no better environment for the expansion of violent extremist groups than a vacuum in state authority. These groups begin to compete with the state and may even be initially attractive to communities weary of years of lawlessness, corruption, and chaos according to autho...
Read more