All anti-corruption articles
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News BriefFATF removes Jamaica, Türkiye from watchlist; adds Monaco, Venezuela
Jamaica and Türkiye made “significant progress” addressing deficiencies in their anti-money laundering/countering the financing of terrorism (AML/CFT) programs, warranting their removal from the Financial Action Task Force’s grey list.
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Resourcee-Book: FCPA at forefront of fight against corruption
You can’t hide from the Foreign Corrupt Practices Act, even if you are a powerful government regime. Just ask Venezuelan President Nicolás Maduro, who—along with others in his administration—were taken down in late March for violating certain provisions of the formidable anti-corruption law.
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Resourcee-Book: 2020 Anti-Bribery & Corruption Benchmarking Report
The report explores how companies tackle their third-party risk, use “enhanced due diligence” to boost their ABC programs, and how much and what types of training they employ to tackle risk.
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Blog
Shell: Dutch prosecutors to bring criminal charges
Oil and gas company Royal Dutch Shell announced that Dutch prosecutors are preparing to levy criminal charges against it concerning a long-running corruption scandal in Nigeria.
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Blog
TechnipFMC: $280M is ‘probable estimate’ in global bribery settlement
U.K.-based company TechnipFMC disclosed in a regulatory filing that it has set aside $280 million, which it says is a “probable estimate” of the aggregate settlement amount with U.S., Brazilian, and French authorities in a global bribery case.
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Blog
The Red Flag Group opens office in Paris
The Red Flag Group, a business intelligence and technology firm, announced the opening of an office in Paris in an effort to help French companies with their anti-bribery and anti-corruption compliance efforts.
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Article
Anti-corruption developments in emerging markets
In a recent webcast conducted by law firm Gibson Dunn, a panel of anti-corruption experts shared some key insights into the latest anti-corruption developments in some of the world’s largest—but most corrupt—regions and offered some practical tips on how to do business in these countries without running afoul of anti-corruption ...
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Blog
The Red Flag Group acquires ETHIC Intelligence
The Red Flag Group reinforced its commitment to compliance standards with the acquisition of anti-corruption certification agency ETHIC Intelligence.
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Article
Compliance measures for reducing export-corruption risk
A recent study from corruption watchdog Transparency International rates countries on their enforcement processes, or lack thereof, under the OECD Anti-Bribery Convention.
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Article
ING reaches $900M settlement with Dutch authorities
Global financial institution ING announced Tuesday that it has reached a $900 million settlement with Dutch authorities to resolve its money laundering case. A close reading of the enforcement action offers numerous lessons for compliance and risk officers.
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Blog
The compliance role in mergers and acquisitions
Deputy Assistant Attorney General Matthew Miner in recent remarks spoke about the Justice Department’s efforts to investigate and stamp out global corruption, particularly concerning mergers and acquisitions. He stressed the valuable role compliance officers play.
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Blog
What is a business relationship?
The Man From FCPA ponders the FCPA considerations of electric-car company Tesla putting the squeeze on its suppliers by asking them to refund monies Tesla had paid to them, as far back as 2016.
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Article
Will new Mexican president make good on anti-corruption promises?
Business leaders and the compliance community anxiously wait to see if newly elected Mexican president Andrés Manuel López Obrador will make good on his pledge to fight corruption.
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Article
Emerging companies a compliance quandary in global market
How do you build an effective anti-corruption compliance program in emerging markets? Know their culture, customs, and language; then leverage that knowledge to create trust and on-the-ground adherents, advised panelists at the Compliance Week 2018 conference.
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Article
Building a top-notch anti-corruption program
A panel of experts spoke at Compliance Week 2018 on how to embed anti-corruption procedures into the compliance function.
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Article
Lessons to be learned from first declination under new FCPA policy
The first declination under the new FCPA Corporate Enforcement Policy is not exactly a home run, but it does offer compliance officers a litany of considerations in addressing FCPA matters of their own.
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Article
China’s new anti-graft agency brings key compliance risk
A powerful new anti-corruption enforcement body in China makes it imperative that firms carefully review existing interactions with public officials in the country.
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Blog
Council of Europe: Finland must boost anti-corruption efforts in central governments
In an evaluation report published last month, the Council of Europe’s Group of States against Corruption (GRECO) called for Finland to strengthen its systems to prevent and detect corrupt behaviour in central governments—including the top executive functions—and law enforcement agencies.
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Article
Russia’s largest companies lag in transparency efforts
Turns out, the financial disclosure practices of Russia’s largest companies by revenue are pretty dismal. But what best practices can we learn from that? You might be surprised.
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Article
China amends, clarifies law addressing commercial bribery
For the first time in two decades, Chinese regulators have amended the Anti-Unfair Competition Law, giving companies more clarity on what constitutes commercial bribery.