All Anti-Bribery articles – Page 39
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Article
Survey: Anti-bribery compliance with ISO 37001 lagging
A joint survey conducted by Compliance Week and STEELE Compliance Solutions reveals that most compliance officers still have a lot of work to do if their anti-bribery compliance programs are to satisfy ISO 37001 certification. Jaclyn Jaeger reports.
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Blog
Do the FCPA rules make sense?
How many rules are too many? How complicated are the rules to follow? These are questions Tom Fox explores in the context of the Foreign Corrupt Practices Act. Fortunately, the answer, he says, is quite simple—do not pay bribes.
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Deloitte poll: Panama Papers will cause financial crime enforcement to spike
As the Panama Papers saga continues to unfold, global enforcement of financial crimes are expected to spike over the next year, according to a recent poll conducted by Deloitte Advisory. Jaclyn Jaeger reports.
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A look at Mexico’s new anti-corruption regime
Mexico is getting serious about stamping out corruption, but that might make life difficult even for honest foreign companies operating within the country. Jaclyn Jaeger has more.
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Target and Walmart show that supply chain risk is everywhere
The bigger the company, the bigger the supply chain risk. Just ask Target and Walmart, which recently had to confront this issue head-on over fake Egyptian cotton bedsheets. More from Tom Fox.
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Potential VW criminal resolution—an early test for Yates Memo?
A look at potential VW criminal resolutions brings up several questions, says Tom Fox, around type of resolution; individual liability; and more. Will this test the DoJ’s Yates Memo?
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Blog
Orthofix braces for SEC settlement in FCPA case
Orthofix International has recorded a charge of $4.6 million in the second quarter of 2016 to resolve potential FCPA charges with respect to its subsidiary in Brazil. Jaclyn Jaeger has more.
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SEC: Key Energy to pay $5 million in FCPA case
Key Energy Services will pay $5 million to the SEC in connection with a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act. Jaclyn Jaeger has more.
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SFO Airbus investigation indicates new normal in financing and compliance
The Serious Fraud Office investigation into Airbus emphasizes the importance of compliance program best practices for borrowers in obtaining funding and loan guarantees, especially in light of the latest trend: government oversight. Tom Fox reports.
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The FCPA as an economic tool
The FCPA is rarely considered as an economoic tool. But as a means of fighting corruption, however, it also helps to improve market efficiency.
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Article
Amid corruption scandals, compliance booms in Brazil
It might seem that corruption scandals are one of Brazil’s leading exports this year, but amid renewed government anti-bribery enforcement efforts, the country’s compliance sector is growing by leaps and bounds. Rodrigo Amaral has more.
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FCPA compliance and the social contract
Tom Fox looks at how Foreign Corrupt Practices Act compliance promotes multiple corporate stakeholders.
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LATAM Airlines resolves FCPA case for $22 million
LAN Airlines (now known as LATAM Airlines Group), a commercial airline company based in South America, has agreed to pay more than $22 million to settle parallel civil and criminal cases related to improper payments it authorized during a dispute between the airline and its union employees in Argentina. Jaclyn ...
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Blog
Frank’s International launches bribery probe
Frank’s International, a Netherland’s-based oil and gas company, said in a filing with the SEC that it is conducting an internal investigation into operations of certain of its foreign subsidiaries in West Africa including possible violations of the U.S. Foreign Corrupt Practices Act, the company’s policies and other applicable laws. ...
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Blog
SFO charges F.H. Bertling with bribery
The U.K. Serious Fraud Office SFO announced that it has charged logistics and freight operations company F.H. Bertling, a U.K.-based subsidiary of the German-headquartered Bertling Group, and seven individuals with one count of making corrupt payments, contrary to Section 1 of the Prevention of Corruption Act. Jaclyn Jaeger reports.
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SFO conducting criminal probe into Unaoil
The U.K. Serious Fraud Office confirmed this week that it is conducting a criminal investigation into the activities of Unaoil, its officers, employees and agents in connection with suspected offences of bribery, corruption and money laundering. Jaclyn Jaeger reports.
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Brazilian authorities sign leniency agreement with SBM Offshore
Dutch engineering company SBM Offshore announced this week it has reached a leniency agreement with Brazilian authorities to resolve allegations relating to the Petrobras bribery scandal. Jaclyn Jaeger reports.
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ArticleRobert Barrington: A world without graft
Jaclyn Jaeger talks with Robert Barrington, an authority on global corruption, corporate bribery, and corruption within the United Kingdom, who heads the U.K.’s branch of Transparency International, the world’s leading anti-corruption organization.
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Blog
The new FCPA enforcement circle is now complete
A trio of recent Foreign Corrupt Practices Act enforcement actions shows just how much companies can spare themselves undue pain if they self-report violations early and without holding back. Tom Fox has more.
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Blog
The chairman’s flight
The Justice Department has reached a plea agreement with David Sampson, the former chairman of the Port Authority of New York and New Jersey, who pressured executives of United Airlines to reopen a money-losing route, which flew near Sampson’s weekend home in South Carolina. In the world of the FCPA, ...