1MDB looms large in Asian banks’ war on money laundering

Tags:  |  |  | 
— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News

It would be difficult to write about money laundering controls in Asia without mentioning 1MDB, a Malaysian sovereign wealth fund embroiled in an ongoing international money laundering scandal. Yet, when Risk.net contacted six of the banks penalised for the wrong-doing to talk about lessons learned, our enquiries were greeted with either radio silence or a flat ‘no’.

One reason for this reticence could be a reluctance to show their hand to money launderers. But another is likely to be a fear of publicising anti-money laundering (AML) breaches – a sometimes bigger worry than the risk of regulatory fines.
Continue reading “1MDB looms large in Asian banks’ war on money laundering”

Advertisements

Jury out as Vietnam holds fast to white-collar noose

By An Dien, Thanh Nien News – 


Policemen (center row) keep watch as inmates wait before being released from Hoang Tien prison, about 100 km (62 miles) outside Hanoi August 30, 2013. Despite the official enthusiasm, few outsiders believe that executions offer an effective means of deterring corruption. Photo credit: Reuters

Sipping a cup of coffee in his office overlooking the Saigon River, Lien Khui Thin, 62, questioned Vietnam’s rationale for executing people like him.

In 1999, Thin and two other men, including a prominent banker, were sentenced to death for embezzling VND3 trillion (now US$141 million) by falsifying government loan documents. Continue reading “Jury out as Vietnam holds fast to white-collar noose”

Hàng loạt cán bộ bị Ủy ban Kiểm tra Trung ương đề nghị kỷ luật

Thứ bảy, 16/12/2017 | 18:07 GMT+7 VnExpress

Tại kỳ họp thứ 20, Ủy ban Kiểm tra Trung ương đã cảnh cáo, khiển trách nhiều cán bộ và đề nghị Ban bí thư kỷ luật một số người.

hang-loat-can-bo-bi-uy-ban-kiem-tra-trung-uong-de-nghi-ky-luat

Kỳ họp thứ 20 của Ủy ban Kiểm tra Trung ương đã kỷ luật, đề nghị kỷ luật hàng loạt cán bộ. Ảnh: KT

Trong hai ngày 12 và 13/12, Ủy ban Kiểm tra Trung ương đã họp kỳ thứ 20, đưa ra quyết định kỷ luật hoặc đề nghị Ban bí thư xem xét thi hành kỷ luật đối với hàng loạt cán bộ.

Phó chủ tịch tỉnh Thanh Hóa đã “bổ nhiệm thần tốc” nữ trưởng phòng

Theo cơ quan kiểm tra, từ tháng 10/2010 – 11/2015, với cương vị Bí thư Đảng ủy, Giám đốc Sở Xây dựng tỉnh Thanh Hoá, ông Ngô Văn Tuấn – Tỉnh uỷ viên, Phó chủ tịch UBND tỉnh, đã vi phạm nguyên tắc tập trung dân chủ, vi phạm các quy định của Đảng, Nhà nước về công tác tổ chức, cán bộ.

Cụ thể, ông Tuấn đã làm trái quy định của Hội đồng thi tuyển công chức tỉnh Thanh Hóa năm 2011; ban hành quyết định không đúng thẩm quyền về thành lập Hội đồng tuyển chọn cán bộ, công chức của Sở Xây dựng. Continue reading “Hàng loạt cán bộ bị Ủy ban Kiểm tra Trung ương đề nghị kỷ luật”

Đấu thầu thuốc tại Sở Y tế Đắk Lắk: Lộ rõ dấu hiệu sai phạm

TP – Sau khi báo Tiền Phong đăng nhiều bài về các dấu hiệu sai phạm trong việc đấu thầu thuốc tại Đắk Lắk, các cơ quan chức năng đã vào cuộc. Ngày 23/11/2017, Hội đồng giám định của Bộ Y tế ban hành Kết luận giám định số 1257, xác nhận có việc chấm sai nhóm thuốc và chọn nhà thầu sai quy định trong đợt đấu thầu thuốc 2014-2015.

– Quanh vụ án VN Pharma: Chuyện về ‘ông vua’ đấu thầu thuốc
– Đấu thầu thuốc để kéo giá giảm từ 10 – 15%
– Giảm gần 500 tỷ nhờ đấu thầu thuốc tập trung
 

Báo Tiền Phong từng phản ánh việc Sở Y tế (SYT) Đắk Lắk cho 1 doanh nghiệp trúng thầu độc quyền 7 mặt hàng đã đổi nhóm, trong bài “Tham nhũng y tế ở Đắk Lắk: Lo ngại chìm xuồng”, đăng ngày 20/2/2017.

Điểm lại vụ việc

Bài viết khẳng định chỉ tính riêng 5/7 loại thuốc bị đổi nhóm mà Cục Quản lý Dược hồi âm cho một doanh nghiệp bằng văn bản, đã làm tăng giá thuốc trong kết quả trúng thầu lên tiền tỷ. Thực tế, tổng trị giá chênh lệch phải lên tới hàng chục tỷ đồng, vì SYT Đắk Lắk còn cho bệnh viện liên tục mua bổ sung số mặt hàng này sai quy định. Và trong 666 mặt hàng trúng thầu đợt đấu thầu thuốc năm 2014-2015, báo Tiền Phong cũng nhiều lần chứng minh còn có nhiều mặt hàng khác nữa bị chấm chọn sai trái. Continue reading “Đấu thầu thuốc tại Sở Y tế Đắk Lắk: Lộ rõ dấu hiệu sai phạm”

Petro Sông Đà director in the dock

vietnamnews Update: December, 11/2017 – 09:55

The Investigation Police Department under the Ministry of Public Security has decided to launch legal proceedings against Đinh Mạnh Thắng, Director of the Petro Sông Đà Trading and Investment JSC. — Photo vneconomy.vn

HÀ NỘI — The Investigation Police Department under the Ministry of Public Security has decided to launch legal proceedings against Đinh Mạnh Thắng, Director of the Petro Sông Đà Trading and Investment JSC over his alleged links to serious violations in the case involving the PetroVietnam Construction JSC (PVC). Continue reading “Petro Sông Đà director in the dock”

2017 Basel Anti-Money-Laundering Index

Basel Institute of Governance – International Center for Asset Recovery

 
World ranking of Money Laundering risk in ASEAN countries and China:

Laos – 5
Cambodia – 9
Myanmar – 13
Vietnam – 18
Thailand – 44
China – 51
Indonesia – 61
Philippines – 65
Malaysia – 70
Hong Kong (China) – 89
Singapore – 117
Taiwan (China) – 136

 

2017 Basel AML Index

The Basel AML Index is an annual ranking assessing country risk regarding money laundering/terrorism financing. It focuses on anti-money laundering and counter terrorist financing (AML/CTF) frameworks and other related factors such as financial/public transparency and judicial strength.

This is the sixth edition of the Basel Anti-Money Laundering (AML) Index developed by the Basel Institute on Governance. The Basel Institute published the Basel AML Index for the first time in 2012 and has since then been the only non-profit organisation to create a research-based ranking focusing on the risk of money laundering and terrorist financing. The Basel AML Index provides the following key features: Continue reading “2017 Basel Anti-Money-Laundering Index”

Suspicion mounts over Vietnam official who reported $17k missing from hotel room

The official is on a 45-day inspection trip to businesses in southern Long An Province

By Tuoi Tre NewsSeptember 28, 2017, 11:24 GMT+7

 
The T.V. hotel in Long An Province, where Nguyen Xuan Quang lost his money. Photo: Tuoi Tre

A senior environment official in Vietnam has reported that nearly US$17,000 in cash had been stolen from his hotel room while on an inspection trip in southern Long An Province.

Nguyen Xuan Quang, the deputy director of an environmental protection watchdog organization under the Vietnam Environment Administration, first reported the situation on Tuesday.

The hotel room burglary was confirmed by the police department in Long An’s Tan An City on Wednesday. Continue reading “Suspicion mounts over Vietnam official who reported $17k missing from hotel room”

​Legal proceedings filed against more PetroVietnam Construction executives in mismanagement case

The economic mismanagement at the construction firm resulted in losses of around VND3.3 trillion (US$145.37 million).

By Tuoi Tre News

September 30, 2017, 13:02 GMT+7

​Legal proceedings filed against more PetroVietnam Construction executives in mismanagement case
File photo of PetroVietnam general manager Nguyen Anh Minh
Vietnamese police have launched legal proceedings against three more individuals involved in a high-profile mismanagement case with enormous financial losses at PetroVietnam Constrction (PVC), a subsidiary of the state-run oil and gas giant PetroVietnam.

The investigation police agency under the Ministry of Public Security on Friday initiated legal proceedings, without an arrest warrant, against PVC general manager Nguyen Anh Minh on charges of “embezzlement assets,” according to a source close to Tuoi Tre (Youth) newspaper. Continue reading “​Legal proceedings filed against more PetroVietnam Construction executives in mismanagement case”

Vietnam’s health ministry faces inspection for self-financing, construction management

There are signs that group interests played a part in the ministry’s decision making

By Tuoi Tre News

September 22, 2017, 15:11 GMT+7

​Vietnam’s health ministry faces inspection for self-financing, construction management
Dang Cong Huan, deputy head of the Government Inspectorate of Vietnam, announces the inspection decision to the health ministry.
Vietnam’s state inspectorate announced on Thursday that it plans to open an investigation into allegations of the self-financing and mismanagement of several construction projects undertaken by the Ministry of Health.

The inspection will last in 70 days and attempt to uncover any misdeeds by the ministry during 2013-16 period, according to the Government Inspectorate of Vietnam. Continue reading “Vietnam’s health ministry faces inspection for self-financing, construction management”

Vietnam gov’t to thoroughly inspect all projects on Son Tra Peninsula

Yet another issue thrusting Da Nang into the media spotlight

By Tuoi Tre News

September 21, 2017, 13:44 GMT+7

​Vietnam gov’t to thoroughly inspect all projects on Son Tra Peninsula
An aerial view of Son Tra Peninsula in Da Nang, central Vietnam. Photo: Tuoi Tre
Vietnam’s government has tasked the state inspectorate with launching a comprehensive inspection into all construction and investment projects currently underway on Son Tra Peninsula in the central city of Da Nang.
The Government Inspectorate of Vietnam is supposed to lead a joint inspection with the environment, agriculture, and construction ministries, as well as relevant agencies, the Government Office said on Wednesday, citing an order from Deputy Prime Minister Truong Hoa Binh.The inspection should focus on whether construction projects on the peninsula are in line with laws on land management and forest and environmental protection, according to the fiat. Continue reading “Vietnam gov’t to thoroughly inspect all projects on Son Tra Peninsula”

NA Standing Committee examines anti-corruption work

Last update 10:31 | 20/09/2017

The National Assembly’s Judicial Committee said the government’s report on anti-corruption work over the past time fails to propose breakthrough solutions and specific roadmap to address outstanding shortcomings in the work. 

NA Standing Committee examines anti-corruption work, Government news, Vietnam breaking news, politic news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, Vietnam net news, Vietnam latest news, vn news

Commenting on the report at the National Assembly Standing Committee’s 19th meeting on September 19, the Judicial Committee cited Party documents and public opinions as assessing that corruption continues to be serious and complicated. Continue reading “NA Standing Committee examines anti-corruption work”

Đà Nẵng People’s Council member responsible for violations: report

vietnamnews Update: September, 19/2017 – 09:00

Chairman of the Đà Nẵng People’s Council and Party Central Committee member, Nguyễn Xuân Anh.
Viet Nam News HÀ NỘI — Chairman of the Đà Nẵng People’s Council and Party Central Committee member, Nguyễn Xuân Anh, has been found to ‘hold the main responsibility’ for multiple violations by the People’s Council Standing Committee during the 2015-20 tenure, the Central Inspection Commission said yesterday in a report following a four-day meeting. Continue reading “Đà Nẵng People’s Council member responsible for violations: report”

Lawmakers to mull tougher corruption law

vietnamnews

Update: September, 11/2017 – 09:25

Lawmakers convening today in Hà Nội for 14th session of the National’s Assembly’s Standing Committee are scheduled to discuss an amended Law on Corruption Prevention and Control, giving the State more leverage against officials suspected of corruption.– VNA/VNS Photo Nguyễn Dân

HÀ NỘI – Lawmakers convening today in Hà Nội for 14th session of the National’s Assembly’s Standing Committee are scheduled to discuss an amended Law on Corruption Prevention and Control, giving the State more leverage against officials suspected of corruption. Continue reading “Lawmakers to mull tougher corruption law”

APEC law-enforcement agencies vow to strengthen corruption fight

vietnamnews

Update: August, 19/2017 – 19:00

Delegates from 21 APEC-member economies at the 4th Meeting of the APEC Network of Anti-Corruption Authorities and Law Enforcement Agencies in HCM City on Saturday. VNS Photo Bồ Xuân Hiệp
Viet Nam News HCM CITY — Anti-corruption authorities and law enforcement agencies from 21 APEC member economies vowed to strengthen measures to fight money laundering and bribery at a workshop held on Aug 19 during the APEC Senior Officials Meeting (SOM 3) in HCM City.

The 80 delegates at the 4th Meeting of the APEC Network of Anti-Corruption Authorities and Law Enforcement Agencies agreed that “corruption erodes social integrity and fairness, undermines government accountability and public trust, and impedes healthy economic growth.”

Speaking at the meeting, Nguyễn Văn Thanh, Government deputy inspector general and chair of the meeting, said: “Greater cooperation is needed in combating money laundering and recovering stolen assets, and promoting international cooperation in bribery cases, repatriation of fugitives, and informal international cooperation.”

“I believe that our deliberations at this meeting will facilitate direct connections among law enforcement agencies, and create a platform for international cooperation in information exchange, mutual legal assistance, extradition, asset recovery and joint investigation of corruption cases,” he added.

Corruption in Việt Nam had caused resource losses, reducing the efficiency of public investment, destroying trust of investors, and weakening national competitiveness, Thanh said.

Peru, an APEC member economy, for example, has made great progress in fighting corruption by strengthening international cooperation and participating in global anti-corruption activities, according to a report from Peru’s High-Level Anti-Corruption Commission.

“Corruption is one of the main threats and vulnerabilities that allow the commission of acts of laundering and terrorist financing,” the report said.

Also speaking on the sidelines of the workshop, Denis Kunev, head of the Organisation and Analytics Department at the Investigative Committee from the Russian Federation, said: “We expect stronger commitment and cooperation among the member economies in the Asia Pacific region to fight corruption.”

“The meeting provided an opportunity for member economies to speak about challenges faced by law enforcement agencies in fighting money laundering and recovering assets related to corruption cases,” Kunev told Việt Nam News. “It had a lot of useful information on anti-corruption, which we can use for training investigators in Russia.”

The Network of Anti-Corruption Authorities and Law Enforcement Agencies was established at the 17th APEC Anti-Corruption and Transparency Working Group Meeting in Indonesia in 2013.

The network, whose first meeting was held in China in 2014, aims to enhance informal cross-border cooperation between agencies responsible for investigations and prosecutions of corruption, bribery, money laundering and illicit trade, and the identification and return of the proceeds of those crimes.

The Anti-Corruption and Transparency Working Group’s Pathfinder Dialogue IV was also held on Saturday. Corruption as a driver of illegal logging and the use of anti-corruption activities by customs’ offices dealing with the forest trade were the main topics discussed.

The dialogue will resume on Aug 20, with focus on anti-corruption in wildlife trafficking and ways to detect and disrupt wildlife trafficking using anti-money laundering and asset confiscation techniques, protocols and good practices of effective international cooperation and mutual legal assistance. — VNS

 

Hình thức và Hậu quả tham nhũng trong Giáo dục ở Việt Nam

TT Ở Việt Nam, tham nhũng trong giáo dục vẫn chưa được quan tâm đúng mức và thường bị lảng tránh bằng tên gọi một hiện tượng xã hội hơn là được nhận dạng thực sự là tham nhũng. Vì vậy, cần có những phân tích kỹ hơn nhằm nâng cao nhận thức về bản chất của tham nhũng trong lĩnh vực này.

Sử dụng phương pháp phỏng vấn sâu giáo viên, phụ huynh học sinh cũng như các nhà quản lý trường học kết hợp với nghiên cứu các khảo sát và thông tin truyền thông hiện nay, Tổ chức Minh bạch Quốc tế, với sự hỗ trợ của tổ chức Hướng tới Minh bạch, đã tiến hành nghiên cứu Hình thức và Hậu quả của Tham nhũng trong Ngành Giáo dục Việt Nam. Continue reading “Hình thức và Hậu quả tham nhũng trong Giáo dục ở Việt Nam”