Corruption Currents: Manafort’s Admissions Expose Dark Arts of Lobbying - Risk & Compliance Journal.

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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 head of South African soccer was cleared to run for a vacant FIFA Council seat three years after being linked to bribery. (AP, ITG)

A former provincial Chinese legislator was sentenced to 16 years in prison for bribery. (Xinhua)


U.K. athletes spoke out against the potential reinstatement of Russians after a doping ban. Swiss investigators are probing whether Russian agents tried to hack the anti-doping watchdog; the Russian embassy called the allegation a fairy tale. (Guardian, Reuters, Guardian, Reuters)

The U.S. lost a three-way extradition battle for a cryptocurrency cybercrime and money-laundering suspect, with the Greek supreme court ruling he will return to Russia. (ZDNet)

Money Laundering:

The U.K. National Crime Agency told private schools to file more suspicious-activity reports relating to the source of funds for tuition payments. Criminals are also using property in university towns to launder their funds, authorities say. U.K. tax authorities reassured property agents about money-laundering compliance issues. (FT, Times, Independent, PIE)

Danske Bank A/S ignored warnings about activity in its Estonian branch that are now the subject of money-laundering investigations in three countries. Could the bank lose its CEO? European watchdogs raised concerns about Danish enforcement of its laws. (FT, FT, AB, Local, release)

The lawyer for the former Malaysian premier never expected to face money-laundering charges. (MM)

Pakistani investigators set up an office in Karachi as they probe money-laundering allegations that have ensnared a former president, his sister, a chief aide and others. They all deny wrongdoing. (GEO, Nation)

The House of Representatives passed a bill giving FinCEN more authority to investigate money laundering in cryptocurrencies. Legislative proposals targeting human trafficking are making the jobs of sex workers more dangerous. (BL, ETH, BuzzFeed)

Singapore proposed rules requiring dealers of precious stones and metals to establish anti-money-laundering compliance programs. (TNP, ST,


The U.S. could impose sanctions on a Russia-to-Germany gas pipeline, Energy Secretary Rick Perry said. Europe extended its Russia sanctions for another six months, though Italy blocked the addition of a Crimean lawmaker's name to its blacklist. (AP, Reuters, ES, Politico)

Washington accused Moscow of covering up violations of U.N. sanctions on North Korea. (Reuters, Reuters, MT)

Treasury Secretary Steven Mnuchin has been moving slowly on parts of President Trump's sanctions effort against Iran. Mr. Trump's sanctions on Iran have triggered a booming business in cash smuggling. (WP, Bloomberg)

Republican lawmakers want sanctions on Iraqi militias with ties to Iran. Meanwhile, South Korean imports of Iranian crude declined amid U.S. pressure. European powers are considering the creation of a special corporate vehicle to allow continued oil purchases. (Reuters, Reuters, Politico)

European lawmakers threatened Cyprus with sanctions over its cooperation with Russia. (CM)

South Korea found a way around sanctions to open a liaison office with the North. (CI)

Terrorism Finance:

Corruption in counter-terrorism aid programs fuels extremism, a new study found. (FT)


An HSBC whistleblower has become a promoter of crypto. (CCN)

General Anticorruption:

The plea agreement struck with former Trump campaign chair Paul Manafort, who admitted to corruption charges, exposed the dark arts of political lobbying. What can he deliver to the U.S. special counsel? The admissions included another black eye for a prominent U.S. law firm. Among the assets he forfeited: Mr. Manafort's Trump Tower apartment and an estate in the Hamptons. The probe was energized by his guilty plea, lawyers say. (DB, RC, FT, NYT, NY, Quartz, Vox, Bloomberg, Bloomberg, NYT, Politico, Reuters)

Mr. Manafort's case shined a spotlight on the shortcomings of foreign-lobbying laws. The U.S. special counsel has declined to comment - to anyone seeking it - about the ongoing investigation. (NYT, NYT, NYT)

El Salvador sentenced one former president to 10 years in prison, as prosecutors seek the extradition of another for corruption. (AFP, AP, AP)

A corruption inquiry in South Africa is raising the pressure on the former president and wealthy businessmen who allegedly banked on his influence. (Reuters, G&M, Bloomberg)

Sudan sentenced a former intelligence chief to seven years in prison as part of a new anticorruption drive. (AA)

Ukraine's infrastructure minister denied allegations of corruption, saying the case against him is politically motivated. (Reuters)

Last week, the U.S. accused Venezuela's leader of running a kleptocracy. (AP)

Officials detailed a case of alleged NYPD corruption involving brothels, sex workers, gambling and a former detective mastermind. (NYT)