News
- An effort to kill an anti-corruption provision requiring U.S. extractives firms to disclose foreign payments is gathering pace in Congress. But repealing the Cardin-Lugar amendment could have serious consequences for U.S. national security. (WSJ, KI)
- A former Guinean mining minister pleaded not guilty to U.S. charges of laundering $8.5 million he received in bribes from a Chinese conglomerate. (Reuters)
- Ukrainian police arrested an Uzbek man, believed to be related to the Karimov family, for financial crimes involving hundreds of millions of dollars. (OCCRP)
- Two London-based traders were convicted of defrauding Russian bank Otkritie of £141 million. Read background on Otkritie here. (FT)
- Geneva’s art world is introducing anti-money laundering guidelines after scandals involving looted artifacts. (Bloomberg)
Features
- “For those wondering if the robust 2016 enforcement action by regulators has made a dent in global corrupt practices, the answer is not really.” (Mara Lemos Stein, WSJ)
- What is the Emoluments Clause - and are Trump businesses receiving foreign payments placing the president in breach of it? (Zephyr Teachout, WaPo)
- Can China’s recent anti-corruption reforms help it become a good governance success story? (Tony Kwok, SCMP)
