Corruption Currents: Closing Arguments Underway in Manafort Trial - 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.


Israeli police questioned billionaire Shari Alison and another executive in their ongoing probe of the country's largest construction firm. Her investment arm recently sold off control of the company. They cooperated, the investment firm said. Separately, Israeli police arrested a rabbi for allegedly taking bribes to issue kosher certificates; the story didn't contain a response. (BDA, Reuters, Haaretz, YW)

Bribery and money-laundering charges were dropped as a former Knesset member's prison sentence was cut by a third. (Ynet)

Local case: The size of a bag has played center stage in a corruption trial of a New York City corrections union chief. (NYT, Newsday)


Election security has become an issue in Georgia’s gubernatorial race. Children showed how easy it is to hack into a voting system. It's foolish to deny Russian intrusion in Florida’s election system, a U.S. senator said. (NPR, NBC, Reuters, AP)

Lawmakers want to know why the FCC chief made up a cyberattack. (Motherboard)

NASA is testing software that wound fend off hackers of global positioning systems. (Bloomberg)

Money Laundering:

Closing arguments are under way in the trial of former Trump campaign chairman Paul Manafort after his attorneys rested their case without calling any witnesses. The judge will tell the jury to ignore his commentary throughout the trial. An email exchange between Mr. Manafort and Jared Kushner became part of the trial’s evidence. How did the government's star witness stumble into admitting an extramarital affair? (Politico, TPM, Guardian, Bloomberg, Bloomberg, CNN, Politico)

U.S. authorities receive 1,500 reports a month about suspicious transactions involving cryptocurrency, an official said. Is crypto the new money-laundering frontier? (release, NI)

Money-laundering laws in New Zealand are expanding to cover the real-estate sector. (RadioNZ)

Pakistani authorities discovered 15 more suspicious accounts as they investigate a money-laundering case. They suggested a special investigations panel to continue the probe. (Dawn, Tribune, DT)

An Indian court summoned 15 people for questioning in a money-laundering case. (IndiaTV, ET)

Zanzibar began to implement its anti-money-laundering law. (Xinhua)

Blame Joaquin "El Chapo" Guzman for traffic on the Brooklyn Bridge, officials say. (NYT)


U.S. sanctions on Iran are hurting ordinary Iraqis, as Iraq's premier said he would respect a U.S. dollar ban but not other sanctions. Tehran fired a missile during a naval exercise in what U.S. officials said was a message about the resumption of sanctions. A U.K. clean technology investor pulled the plug on projects in Iran due to U.S. sanctions. (WP, Politico, Reuters, ABC, Bloomberg, Axios, AC, Reuters, BB)

Nothing good will come from proposed new U.S. sanctions, the Kremlin said. Meanwhile, Oleg Deripaska offered his latest plan to get his companies off the U.S. sanctions list. (Reuters, FT)

President Trump won't follow congressional directives on Russia and Crimea, he said in a signing statement that asserted his power. (RC, WP, NYT)

A California man pleaded guilty to violating sanctions on Syria. (release)


Foreign funds are reluctant to disclose their ultimate owners to Indian regulators. (ET)


Julian Assange went on the offensive against a backer of his, and it led to the crackup of a whistleblower group. (DB)

A tipster has the ear of British Columbia's attorney general as Canadian authorities comb through transactions searching for money laundering. (Province, G&M, CR)

A former airport maintenance supervisor won his whistleblower lawsuit. (PBP)

General Anticorruption:

Companies involved in illegal fishing and fouling in the rainforest abuse tax havens, a study found. (VOA, Guardian)

Philippine President Rodrigo Duterte fired 20 officials on allegations of corruption. (Reuters)

West Virginia impeached its entire top court on corruption allegations. (Splinter)

The ouster of a top prosecutor in South Africa bolstered the country's fight against corruption. (NYT)

Lax state ethics rules leave health agencies vulnerable to conflicts. (Politico)

Malaysia hasn't made a formal request to Singapore for a $35 million jet linked to the 1MDB scandal, Singaporean police said. (Reuters)

A nonpartisan watchdog called for an investigation of Commerce Secretary Wilbur Ross's financial dealings. Mr. Ross has denied wrongdoing. (CPI)

Can fighting corruption help Arab countries sell economic reform? (CSM)

A former Los Angeles County sheriff's deputy pleaded guilty to taking part in a drug-trafficking scheme. (LAT)

Mr. Trump is offering discounts to staffers for his golf club, raising ethics questions. (Politico)

The U.S. special counsel's probe continues. (Politico, TPM)