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Corruption Currents: U.S. Witness in Sanctions Trial Accused of Prison Rape

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By

Samuel Rubenfeld

In this courtroom sketch, Turkish-Iranian gold trader Reza Zarrab is questioned by Assistant U.S. Attorney Sidhardha Kamarju.Photo: Elizabeth Williams/Associated Press

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.

Bribery:

Petrobras is set to receive $200 million in repayments from corruption trials. (Reuters)

The chair of Israel’s coalition government was questioned a second time in a corruption investigation. His wife was named a suspect. (ToI, Haaretz, Ynet, ToI)

Judges in India suggested authorities use a special law to detain corrupt officials. (TOI)

The NCAA bribery scandal continues. (LAT)

Local cases: The corruption trial of an outgoing New York county executive was postponed until March. Israeli police made more arrests in a municipal corruption case. A federal judge won’t dismiss corruption charges against the mayor of Allentown, Pa. (LI Herald, Newsday, JP, AP, Morning Call, Law360)

Cybercrime:

The U.S. and Russia are fighting over the extradition from Greece of a cybercrime suspect. (CBS)

Security researchers revealed the Iranian role in the CyberKitten attacks. (ClearSky)

A hacker demanded a ransom after accessing the personal information of thousands of patients at a Minnesota fertility clinic. (AP)

Fraud:

The eye doctor at the center of the case involving U.S. Sen. Robert Menendez (D., N.J.) faces 30 years in prison for Medicare fraud. (AP)

Money Laundering:

U.S. anti-money laundering rules could help stand up to Russian corruption. (Foreign Affairs)

A Montreal man sued TD Bank after it closed his account, citing money-laundering risk. (G&M)

Sanctions:

The U.S. government’s star witness in a sanctions-evasion trial was sued by a jail-mate, alleging rape. The defendant’s attorney denied the claim. The witness admitted to bribing a prison guard, said he earned $150 million from the scheme and admitted to lying about the scheme. The defendant, a Turkish banker, blamed his coworkers. (NYT, Bloomberg, Reuters, NYT, Lae360, Bloomberg)

Michael Flynn said the Trump administration would rip up sanctions on Russia as one of its first acts, according to testimony from a whistleblower. Secretary of State Rex Tillerson said this week sanctions would remain as long as Russia remains in Ukraine. (NYT, NPR, NBC, Newsweek, Politico, ABC, Reuters)

Venezuelan officials threatened to suspend next year’s presidential elections unless the U.S. drops its sanctions. Its cryptocurrency is bound to fail, experts say. (McClatchy, Reuters)

A study says lmost 50 countries are violating U.N. sanctions on North Korea. (Newsweek)

Russia responded in kind to U.S. broadcasters, labeling them foreign agents. It expects U.S. sanctions to sour relations through 2018. (NYT, Reuters)

OFAC issued a $1.2 million penalty in a sanctions-violations case. The U.S. said it would put visa restrictions on Cambodian officials involved in the conflict there. (release)

Transparency:

Panama slammed its inclusion in a tax-haven blacklist. (AFP)

General Anti-Corruption:

The U.S. special counsel’s probe continues as he revealed the costs thus far of the investigation. (Politico, BuzzFeed, NYT)

Saudi Arabia offered pardons to those detained for corruption. (BBC)

Russia won’t stop its athletes from competing neutrally at the Winter Olympics; the news strengthens the re-election bid of the president. (BBC, Atlantic, AP, AFP, Reuters)

One-fifth of cops in Victoria, Australia said they wouldn’t report on corruption if they witnessed it. (Guardian, News.com.au)

State lawmakers blur the line between public and personal business. (CPI)

A lawmaker in Brazil’s Congress who dressed as a clown and attacked lawmakers for their corruption, won’t seek re-election. (AP)

France’s anti-corruption group is taking on tough foes. (DW)

Three men were charged with murder in the killing of a Maltese journalist. Seven others received bail. (BBC, Reuters, AP)

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