Corruption Currents: U.K. Agency Failing in Money-Laundering Fight

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.


The extent of alleged FIFA bribery is laid bare in the indictment. A FIFA official agreedto be extradited to the U.S. to face charges. Ecuador ordered the arrest of its soccer chief. Brazilian players are pressuring the country’s soccer boss to step down permanently; he’s on a leave of absence to fight U.S. charges. A former Panamanian soccer boss denies bribery allegations against him. (BBC, Reuters, Reuters, AP, IANS)

A Chinese fugitive accused of bribery surrendered in Beijing after a decade spent in the U.S. (South China Morning Post, DW)

Indian anti-bribery reform continues its march. (Indian Express)

The next step for prosecutors after convicting a state lawmaker is targeting his assets. (WSJ)


One U.S. agent who stole bitcoin in the Silk Road investigation was sentenced to nearly six years in prison. The other tried to invest in a bitcoin startup. (The Verge, Motherboard)

Money Laundering:

The U.K. National Crime Agency was warned that its system for detecting money laundering and terrorist financing has such serious flaws that it risks tipping off criminals that their finances are being monitored. (BuzzFeed)

U.K. authorities are targeting strippers and escort agencies to ensure they don’t evade taxes. (Daily Telegraph, Daily Mail)

The New York money-laundering case involving assets exposed in the Sergei Magnitsky scandal will go to trial in January. (Times of London)

Indian authorities have charged six banks with money laundering since 2012. They’restriking on their own to extradite a former cricket chief accused of money laundering after receiving no help from Interpol. (PTI, Zee)

A reputed Israeli mob boss was sentenced to eight years in prison for tax evasion. (Times of Israel)

Mexican authorities are moving in on a former governor accused of money laundering. He’s denied the allegations. (Mexico News)

Saudi Arabia changed its money-laundering rules. (Arab News)

Bermuda attacked its critics, who call it a tax haven. It’s embroiled in a Botswana tax case. (Financial Times, Royal Gazette)


Russia expects the Iran deal to be implemented next month. (Reuters)

Terrorism Finance:

Business is apparently booming in Islamic State. (Daily Telegraph)

France’s finance minister warned about the sale of Islamic State-seized antiquities. (Daily Telegraph)

General Anti-Corruption:

Corruption is a symptom, not the disease. (WSJ)

A documentary released by Russian anti-graft activist Alexey Navalny is gaining popularity in Russia. (AP)

FIFA faces a financial black hole, but a study said it was the second-best governed sports body. European clubs aren’t signing onto a new reform package. (SKY, Fusion, Firstpost, Reuters)

U.S. Attorney General Loretta Lynch was turned into a comic strip hero called “FIFA Slayer.” (Reuters)

How does human trafficking work globally? (FT)

Thailand’s anti-graft chief sees the need for reform while the army stops protests. (ThaiVisa, AP)

A deputy pope was called to testify in the Vatican leaks scandal. (Reuters)

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