All Anti-Bribery articles – Page 30
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Blog
Continuous improvement through ongoing monitoring
Your compliance program should use ongoing monitoring to both evaluate and improve your regime going forward. And, writes Tom Fox, don't forget to: document, document, document.
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Is a country sweep coming to South Africa?
The recent corruption scandal to focus on McKinsey & Co., SAP, and KMPG in South Africa has driven home a truism that many in the compliance space have known for some time: South Africa is one of the most corrupt countries on earth. For U.S. and U.K. companies doing business ...
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Former Keppel Shipyard officer faces 395 counts of corruption
Singapore’s Corrupt Practices Investigation Bureau charged a former senior procurement officer of Keppel Shipyard, a wholly-owned subsidiary of Keppel Offshore & Marine, with 395 counts of corruption.
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SEC charges Rio Tinto with fraud
The Securities and Exchange Commission this week charged mining company Rio Tinto and two former top executives with fraud for inflating the value of coal assets acquired for $3.7 billion and sold a few years later for $50 million.
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European Commission hits Scania with €880m cartel fine
One of Europe’s largest truck manufacturers prepares to fight a massive fine over allegations surrounding a long-running price-fixing cartel.
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Assessing bribery risk country-by-country
The 2017 TRACE Bribery Risk Matrix is out, designed to help compliance departments assess the likelihood of bribery in each country around the world and better tailor their due diligence practices.
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Shell executives charged in bribery scheme
The Milan Public Prosecutor’s Office has charged several senior Royal Dutch Shell executives in Italy for their role in a widespread bribery scheme to acquire oil exploration rights in Nigeria.
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Guilty plea in PDVSA FCPA case
A partial owner of several energy companies pleaded guilty this week to foreign bribery charges for his role in a scheme to corruptly secure contracts from Venezuela’s state-owned and state-controlled energy company, Petroleos de Venezuela S.A. (PDVSA).
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NCAA to form special commission
Following a federal investigation into fraud in college basketball, the NCAA announced that it is making ‘substantive changes’ to the way it operates, forming a Commission on College Basketball.
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Samsung executive resigns amid ‘unprecedented crisis’
Samsung Electronics Vice Chairman Oh-Hyun Kwon will not seek re-election as a member and chairman of the board when his term ends in March 2018. Kwon will also resign as the chief executive officer of Samsung Display.
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Lessons from the Telia FCPA resolution
The largest FCPA resolution on record (so far), at nearly $1 billion, offers plenty of objective lessons for compliance practitioners looking to better understand enforcement trends.
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Third-party lifecycle management
The Man From FCPA recommends five steps in the lifecycle of third-party management for the risk management process around third parties.
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Internal reporting: hotlines and listening
A look inside at some of the best practices for a hotline.
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Righting a wrong: Compliance lessons from Telia
Telia Company shares in candid detail what compliance lessons it learned following its recent $956 million global bribery settlement. Those in the ethics, compliance, and legal community will want to listen up.
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How corruption in sports spills into compliance
The NCAA fraud and corruption scheme that has resulted in federal criminal charges against 10 individuals offers numerous lessons for the corporate compliance world at large.
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The new trend in FCPA compliance is cooperation
We may be seeing the dawn of a golden age of FCPA compliance as organizations and the government learn to work together so everybody stays clean.
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Princess investigates FIFA
A recent report indicates soccer’s global governing body, FIFA, has found itself embroiled in another corruption investigation, this time under the auspices of Jordanian Princess Haya bint al-Hussein, who has been working to uncover whether corrupt forces were at work in the two-time bid for FIFA presidency by her brother ...
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A promise to pay can be an FCPA violation
The South African imbroglio involving the Gupta family and their relationship to the current President of the country continues to be a sinkhole of reputational kryptonite. Tom Fox reports.
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Telia Company and Uzbek subsidiary to pay $965M for FCPA violations
Sweden-based telecommunications provider Telia Company and its Uzbek subsidiary, Coscom, will pay $965 million in total penalties in a global settlement to resolve corruption charges arising out of a scheme to win business in Uzbekistan.
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Communications in a best practices compliance program
When it comes to optimizing your compliance program, creating a robust channel of communications is absolutely crucial.