All anti-corruption articles – Page 4
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Blog
SFO investigates ABB over Unaoil
The U.K. Serious Fraud Office has commenced an investigation into the activities of ABB’s U.K. subsidiaries, their officers, employees, and agents for suspected offenses of bribery and corruption. Jaclyn Jaeger has more.
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Romania faces anti-corruption demonstrations
Romania’s attempt at amending legislation to make it more tolerant to abuse by government officials was far from well received by the general public, writes Neil Hodge.
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Breaking up is hard to do: Transparency International calls it quits on TI-USA
Transparency International has pulled the accreditation on its U.S. chapter, but neither it nor the former chapter is explaining why. Jaclyn Jaeger has more.
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Corruption risk is worsening around the world
Transparency International’s 2016 Corruption Perceptions Index points to heightened corruption risk around the world. Jaclyn Jaeger has the results.
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Combatting fraud is ‘serious business’ at the SFO
DeAnn Orie looks at how companies can fall under the watchful eye of the Serious Fraud Office and what the agency is doing to keep on top of crime.
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With Sapin II, is France finally cracking down on corporate crime?
France currently ranks only 23rd out of 168 nations on its efforts to fight corruption, but that may change with the introduction of tough new regulations. Neil Hodge has more.
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Argentine sports media company to pay $112M in FIFA probe
Torneos y Competencias, an Argentine sports marketing company, agreed to pay over $112.8 million in forfeiture and criminal penalties to resolve U.S. charges relating to wire fraud conspiracy in connection with the FIFA corruption scandal. Jaclyn Jaeger reports.
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Icertis, Thomson Reuters partnership provides compliance screening
Icertis, a provider of enterprise contract lifecycle management in the cloud, announced a partnership with Thomson Reuters, a provider of intelligent information and solutions for businesses and professionals.
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Rio Tinto suspends executive amid corruption probe
Mining giant Rio Tinto has suspended Alan Davies, chief executive of its energy and minerals division, after uncovering potentially corrupt payments made to a consultant who was providing advisory services on an iron ore project in Guinea. Jaclyn Jaeger reports.
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Tales of crocodile tails under the FCPA
While the FCPA makes clear it prohibits providing anything of value to a foreign governmental official, who’s to say what has value? For U.S. officials, it could be jewelery, cash, or sports tickets. But for Chinese executives, it could be something more exotic, say ... crocodile meat? Tom Fox has ...
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Corruption becomes a political issue in Mexico
Tom Fox looks at Mexico’s struggle to turn itself around, beginning with a political discussion and the introduction of FCPA-like anti-corruption regulation. Is it a turning point or a false start?
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SFO charges three Tesco execs
The Financial Reporting Council ended the investigation of U.K. retail giant Tesco’s former CFO, and the Serious Fraud Office just brought charges against three more individuals. Neil Hodge has more.
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FIFA appoints chief compliance officer
The Fédération Internationale de Football Association (FIFA), the international governing body of professional soccer, today announced that Edward Hanover, an experienced international compliance executive, has been appointed as the organisation’s chief compliance officer. He will begin work on 1 Oct. 2016. Jaclyn Jaeger has more.
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Perception, reality, and global anti-corruption enforcement
Tom Fox looks at scandals involving Swedish business empire Industrivärden and Apple that point to an increasing need for good compliance programs in an age of corruption and social media.
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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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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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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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Detecting corruption in the pharmaceutical sector
Jaclyn Jaeger looks at a new report from Transparency International that aims to help companies in the pharmaceutical industry detect and prevent corruption.
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Ericsson: Seven employees summoned in Greece corruption probe
Ericsson, a Swedish multinational communication technology and services company, recently disclosed that a Greek prosecutor has summoned seven current and former Ericsson employees in a preliminary investigation involving allegations of possible corruption. As Compliance Week previously reported, Ericsson this week also issued a statement confirming that it’s being investigated for ...