The US Agency for International Development (USAID) has suspended approximately US$21 million in aid to Kenya’s ministry of health because of ongoing corruption concerns and weak accounting procedures.
In a statement on 9 May, USAID said that the action is intended to ensure that healthcare spending reaches those in need and to protect US taxpayer money.
USAID said that the suspended money "represents only a small portion of the overall US health investment in Kenya, which exceeds US$650 million annually”.
Fifa has not renewed the mandate of chief ethics investigator Cornel Borbely and chief ethics judge Hans-Joachim Ecker.
The organisation has not given an explanation for the decision.
The pair released a statement calling the move a “de facto end to reforms”.
Borbely said that his committee had “several hundred” open cases of wrongdoing, some focused on senior officials.
Borbely will be replaced by Colombian investigator Maria Claudia Rojas and former president of the European Court of Justice, Vassilios Skouris, will replace Ecker.
Deutsche Bank plans to hire 400 people to fill a new anti-financial crime compliance team in Europe.
The new anti-fraud, bribery and corruption team will be led by Thomas Altenbach, the German bank’s current head of anti-financial crime in Europe, Middle East and Africa.
Deutsche Bank says it has hired 1,000 additional compliance and anti-financial crime staff since 2015.
In January, the bank finalised a US$7.2 billion settlement with the US Department of Justice to resolve allegations it misled investors prior to the 2008 financial crisis.
Odebrecht has submitted a proposed leniency agreement to Argentinian judges to resolve bribery allegations in the country.
Employees of the company allegedly paid US$35 million in bribes to Argentinian officials from 2007 to 2014, according to the plea agreement in Odebrecht’s settlement with the US, Switzerland and Brazil.
Argentina does not have corporate criminal liability laws, and it is unclear how the proposed agreement will overcome this.
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