OECD

Fight Against Corruption Losing Momentum

Neil Baker May 27, 2011

International efforts to tackle bribery and corruption are losing momentum, according to Transparency International (TI), an anti-corruption group

Lessons From J&J's $70 Million FCPA Settlement

Arielle Bikard April 19, 2011

Earlier this month Johnson & Johnson settled a Foreign Corrupt Practices Act case with the Justice Department for $70 million. The company scored points for having an effective compliance program, but will now be required to audit its anti-corruption program. It's just the latest case in a crackdown on FCPA violations. Details inside.

OECD Raises Concerns Over Germany's Anti-Bribery Controls

Arielle Bikard March 28, 2011

Though the OECD working group on bribery commended Germany for its crackdown on illegal payouts abroad, it also expressed concerns over light sanctions, underdeveloped corporate internal controls and external audits, and lack of whistleblower protection.

DoJ Assistant Attorney General Warns on FCPA Breaches

Melissa Klein Aguilar November 17, 2010

Concerned about Foreign Corrupt Practices Act compliance? You should be.Detailing a "new era" of FCPA enforcement, a top Justice Department official said those worried about more aggressive anti-bribery enforcement "are right to be more concerned.""Our FCPA enforcement is stronger than it's ever been - and getting stronger," Assistant Attorney General...

U.S. Enforcement of FCPA Draws Scrutiny

Melissa Klein Aguilar November 02, 2010

U.S. anti-bribery enforcement efforts have come under heightened scrutiny, just as two new laws are expected to launch those efforts into overdrive.The Foreign Corrupt Practices Act, which makes it a crime for U.S. companies and their employees to pay bribes to foreign officials to obtain business abroad, ought to be...

OECD Guidance on Internal Controls, Ethics, Compliance

Melissa Aguilar March 08, 2010

The Organization for Economic Co-operation and Development has issued new guidance on internal controls, ethics, and compliance to help its member countries implement anti-bribery strategies.The OECD Working Group on Bribery has issued "Good Practice Guidance on Internal Controls, Ethics, and Compliance," which calls for companies in the 38 countries that...

New OECD Stance on Facilitation Payments

Melissa Aguilar December 18, 2009

The Organisation for Economic Cooperation and Development has taken a new stance on facilitation payments, urging its member countries to encourage companies to ban or discourage their use.Such payments, known as "grease payments," are generally small payments to a government official to expedite a routine bureaucratic action, but are considered...

G8 Pledge Ambitious New Governance Standards

Global Glimpses June 18, 2009

Finance ministers from the G8 countries have pledged to create a new international code of corporate governance, recognizing that poor board governance was a major cause of the financial crisis.Concluding a summit held in the Italian town of Lecce, the ministers published what they called “The Lecce Framework,” a document...

UK’s Proposed Bribery Law Targets Foreign Companies

Global Glimpses April 06, 2009

The UK government has published long-awaited draft legislation that will create new criminal offenses to combat bribery, including measures aimed at foreign companies.The draft Bribery Bill, if enacted, would bring the UK into line with its international obligations to deal with companies that bribe overseas officials. The country has a...

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