FT: Australian Banks Face A$6.2bn Balance Sheet Tax:

Lenders face new levy as Canberra looks to balance budget and keep triple-A rating Australia’s big banks are to bear the brunt of a new tax on balance sheet liabilities, as the country’s treasurer revealed an annual budget aimed at returning the country to surplus and preserving its triple-A sovereign credit rating. As part of Australia’s annual budget presentation, treasurer…

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Australia Hits Banks With Higher Taxes To Bring Budget Back Into Black:

Reuters: Business News | Tue May 9, 2017 | 10:33pm EDT: By: Swati Pandey and Jane Wardell | CANBERRA: The Australian government pledged to deliver a small budget surplus in 2020/21, slapping big banks with new taxes to end more than a decade of deficits that have threatened its prized triple-A credit rating. Flagging in the polls, the Liberal Party-led…

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Andy Spalding: Five Lessons I’ve Learned At IACA:

The FCPA Blog: Tuesday, May 9, 2017 at 8:28AM: If you gather anti-corruption professionals from six continents in a classroom for intensive discussion, extraordinary things are bound to happen. Here are five lessons I’ve learned in my years of teaching in the Master in Anti-Corruption Studies program at the International Anti-Corruption Academy. Corruption is not cultural, not anywhere. (See full…

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Martin Kenney: Shell’s Nigeria Mess Shows Why We Need More Disclosure:

The FCPA Blog: Tuesday, May 9, 2017 at 7:28AM: Tom Fox recently wrote a post for the FCPA Blog about allegations that Shell made a £1.1 billion ($1.42 billion) payment for an oil field license in Nigeria, with half the money ending up in a company owned by a Nigerian government official. Having initially denied any wrongdoing, incriminating emails leaked…

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FOIA Report – Fiscal Year 2016:

SUMMARY OF ANNUAL FOIA REPORTS FOR FISCAL YEAR 2016: Every year, the Office of Information Policy (OIP) compiles a summary of the information contained in the Annual Freedom Of Information Act (FOIA) Reports that are prepared by each of the federal agencies subject to the FOIA. The Annual FOIA Reports contain detailed statistics on agencies’ FOIA activities, including the number…

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FCPA Blog: A Plan For Risk-Based Monitoring Is Essential:

By: Karen E. Gray | The FCPA Blog – The FCPA Blog | Thursday, May 4, 2017 at 8:28AM The award-winning films “Spotlight” and “All the President’s Men” both chronicled investigative journalism that uncovered huge scandals. But in re-watching those movies, I’ve noticed something else they have in common — journalists who kept following the bread crumbs. Gathering background information…

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Financial Times: Foreign Banks In UK To Follow New Rules On Whistleblowers:

By: The Financial Times | Wednesday 3rd May 2017: FCA pushes ahead with new regulations to try to clean up the City after scandals UK branches of foreign banks will have to adhere to whistleblowing rules that allow staff to voice concerns to City watchdogs without having to tell their employers. The rules were part of a package of measures…

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Wall Street Journal: Digital Transformation Requires Rethinking, VC Says

By: Steven Norton | Apr 28, 2017 5:35 pm ET Many fail to recognize digital shift as more than continuation of industrial revolution NEW YORK — Existing government policies and approaches to education don’t do enough to to address the broader structural changes being brought about by automation, panelists said Friday during the Digital Future of Work Summit, hosted by…

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