Corruption Currents: Art Mogul Stands Trial on Money Laundering Charges

A daily roundup of corruption news from across the Web. We also provide a daily roundup of important risk & compliance stories via our daily newsletter, The Morning Risk Report, which readers can sign up for here. Follow us on Twitter at @WSJRisk.


Pathway Genomics agreed to pay $4 millionto the U.S. Justice Department to settle a case in which it was accused of paying doctors and physicians groups for patient referrals. The company didn’t agree to any wrongdoing in the settlement. (Genome Web, sub req.)

An Afghan businessman was charged with bribing U.S. soldiers in an effort to win government contracts. Hikmatullah Shadman hasn’t responded to the allegations against him. (BBC)

Police in Israel have detained seven people on allegations related to bribery and elections. (Arutz Sheva)

Money Laundering:

The U.S. is seeking the extradition of Jaime Rosenthal, an 80-year-old banker from Honduras accused of laundering money through U.S. bank accounts. Mr. Rosenthal doesn’t appear to have commented. (Reuters)

International art mogul Guy Wildenstein went on trial Monday in a Paris courtroom on tax fraud and money-laundering charges. In a pre-trial interview, Mr. Wildenstein said French law didn’t require his family to declare any estates held in trusts to tax authorities. (Daily Mail)

The FCPA Blog wonders if Wal-Mart may boost India’s efforts to enact anti-corruption reforms. Mike Volkov makes anti-corruption enforcement predictions for 2016. Roy Snell makes up a compliance story. Matt Kelly offers up some compliance issues to watch in 2016 in his new Radical Compliance blog.

Cybercrime/Data Privacy:

A look at some U.S. lawmakers who may play a key role in advancing cybersecuritylaws in 2016. (The Hill)

Some security experts say criminals are setting their sights on smart TVs as a way to enter networks and perpetrate hacks and other illegal actions. (Security Intelligence)

A law that took effect in California on Jan. 1 law requires all education technology companies to put into place reasonable security procedures to protect students’ personal information. (Lawyer Herald)


The White House says it has more work to do before it decides to pursue new sanctions against Iran for its testing of a missile. (AP)

Ukraine on Monday imposed sanctions barring meat, fish or produce from Russia, which imposed similar sanctions on Ukraine last week. (CNN Money)


A judge in Connecticut ruled last week that a whistleblower filing a claim under the Sarbanes-Oxley Act isn’t subject to a heightened pleading standard, a ruling that could broaden the scope of protections for whistleblowers who file claims under Sarbanes-Oxley. (National Law Review)

Activists in Slovakia say the country’s whistleblower protection laws aren’t protecting people who speak out from retaliation. (Slovak Spectator)

General Anti-Corruption:

White-collar convicts in Romania are taking advantage of a loophole that cuts 30 days off a prison sentence for every book of scientific value that is published. (Guardian)

China’s anti-corruption watchdog agency, the Central Commission for Discipline Inspection, said some of its local branches aren’t properly publicizing their investigations into alleged corrupt officials. (International Business Times)

Corruption, smuggling and human trafficking continue to be problems at Nigeria’s borders, despite efforts to crack down on corruption. 

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