All Bribery articles

  • exiger300x200
    Webcast

    Webcast: Transform compliance into a business enabler

    2019-12-03T14:24:00Z Provided by

    From bribery and corruption to emerging ESG and reputational risks, corporate compliance functions are expected to protect their business from regulatory liability without slowing the pace of business. This is despite often having fewer resources to manage ever-increasing amounts of third parties and data.

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    Blog post

    Two indicted in PDVSA bribery probe

    2019-02-27T11:30:00Z

    A sales representative and a former president of a U.S.-based company are facing charges for their alleged roles in a scheme to corruptly secure business advantages from Venezuela’s state-owned and state-controlled energy company, PDVSA.

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    Blog post

    SFO faces criticism for closing Rolls-Royce, GSK cases

    2019-02-22T11:30:00Z

    The U.K. Serious Fraud Office closed two long-running bribery and corruption cases against Rolls-Royce and GlaxoSmithKline—a decision that casts further doubt around the effectiveness of the SFO’s investigatory powers and makes companies question the purpose of entering a deferred prosecution agreement at all.

  • microsoft
    Blog post

    Microsoft offers details into reported corruption probe

    2018-08-24T13:15:00Z

    According to the Wall Street Journal, U.S. authorities are investigating Microsoft over a bribery and corruption matter in Hungary, some details of which the company shared with Compliance Week.

  • Blog post

    A free press and the fight against bribery and corruption

    2018-08-16T13:30:00Z

    One the day newspapers across the country are fighting back against President Trump's insistence that the media is an "enemy," we point out one of the many compliance-related benefits of a free press.

  • Blog post

    Former Columbia anti-corruption official nabbed for bribery

    2018-08-15T12:15:00Z

    The former national director of anti-corruption in Colombia pleaded guilty this week in federal court for bribery and his participation in a conspiracy to launder money.

  • Blog post

    Global accountants get new ethics rule on incentive payments

    2018-07-25T18:15:00Z

    Accountants globally have new rules to follow around offering or accepting inducements, and they’re a little more explicitly stated than those for U.S. accountants.

  • Blog post

    Chemring faces bribery probe by Serious Fraud Office

    2018-01-18T16:00:00Z

    The U.K. Serious Fraud Office confirmed today that it has opened an investigation into Chemring Group and its subsidiary, Chemring Technology Solutions Limited (CTSL) following a self-report made by CTSL.

  • Blog post

    How Hong Kong is combating corruption: A year-end review

    2017-12-28T11:45:00Z

    Speaking at a press conference this month, Hong Kong’s Independent Commission Against Corruption discussed its continued efforts in combating corruption and enhancing ethical management and staff integrity within companies.

  • Blog post

    Australian Federal Police: New guidance for self-reporting foreign bribery

    2017-12-27T12:00:00Z

    The Australian Federal Police and the Commonwealth Director of Public Prosecutions this month released new joint guidance to assist companies in self-reporting foreign bribery.

  • Blog post

    Former Embraer sales executive pleads guilty to foreign bribery

    2017-12-26T22:30:00Z

    A former sales executive of Brazilian-based aircraft manufacturer Embraer pleaded guilty last week in connection with a scheme to pay bribes to a high-level foreign government official in exchange for assistance in securing Embraer’s sale of aircraft to Saudi Arabia’s national oil company.

  • Blog post

    Keppel Offshore to pay $422M to resolve bribery case

    2017-12-26T21:45:00Z

    Singapore-based Keppel Offshore & Marine and its wholly owned U.S. subsidiary will pay a combined $422 million criminal penalty to resolve charges with authorities in the United States, Brazil, and Singapore arising from a decade-long to pay millions of dollars in bribes to officials in Brazil.

  • Blog post

    Is the FIFA brand toxic?

    2017-12-15T09:00:00Z

    FIFA continues to present lessons for the compliance practitioner, and this one is straight-forward: if your organization is corrupt, other companies may well not want to do business with you going forward.

  • Blog post

    Walmart sets aside $283M for FCPA resolution

    2017-11-17T13:45:00Z

    Walmart-Stores has recorded an aggregate accrual of $283 million concerning the possible resolution with U.S. enforcement authorities of a longstanding Foreign Corrupt Practices Act case.

  • Blog post

    Two ex-SBM executives plead guilty in Petrobras bribery scheme

    2017-11-14T09:15:00Z

    Two former executives at Dutch oil and gas services company SBM Offshore have pleaded guilty to conspiracy to violate the Foreign Corrupt Practices Act for their roles in a scheme to bribe foreign government officials in Brazil, Angola, and Equatorial Guinea.

  • Blog post

    Shell executives charged in bribery scheme

    2017-10-16T10:00:00Z

    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.

  • Blog post

    NCAA to form special commission

    2017-10-13T15:45:00Z

    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.

  • Blog post

    Samsung executive resigns amid ‘unprecedented crisis’

    2017-10-13T15:30:00Z

    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.

  • Blog post

    ‘Several countries’ probed in World Cup bribery scheme

    2017-10-13T15:00:00Z

    The Office of the Attorney General of Switzerland has opened a criminal proceeding against Jérôme Valcke, the former Secretary General of FIFA, and beIN Media Group Chief Executive Officer Nasser Al-Khelaifi for bribery allegations surrounding the award of World Cup media rights.

  • Blog post

    The role of banks in corruption

    2017-10-10T11:00:00Z

    A look at a recent report that examines allegations of bribery to purchase votes on the International Olympic Committee for the selection in 2009 of Rio de Janeiro to host the 2016 Olympics.