Corruption

News & Analysis as of

First DPA in the U.K. Signals Britain is Serious About Bribery & Corruption

Late last year, ICBC Standard Bank Plc, a U.K.-based financial institution with operations around the world, agreed to pay a $37 million fine and enter into a deferred prosecution agreement (DPA) with British financial...more

Digging Into Your Internal Controls

Corruption risks follow the money. If a company has effective controls over money, then the company has a good chance of mitigating corruption risks. A key indicator of a company’s internal controls is to ask if the...more

All The Way with LBJ – How Midnight Voting Informs a Malaysian Corruption Scandal

The political season is finally upon us, with the Iowa Caucuses starting the race to the White House. In honor of this election cycle commencement, we pay tribute the long and time-honored Southern tradition of midnight...more

Data Analytics Week – Part IV: Third Parties and Duplicate Invoices

I continue my exploration of the use of data analytics in a best practices compliance program. Today we look at how data analytics can be used to help detect or prevent bribery and corruption where the primary sales force...more

Take It Easy – Ruminations on Corruption Scandals in International Sports

As I end my week’s exploration of the intersection of bribery and corruption in international sports, I have also ended a week of solid listening to The Eagles 1970s studio albums. In honor of Glenn Frey, I will also end this...more

Alleged Bribes In Tennis – Why Reporting of Unethical Conduct is Critical

I continue my exploration of bribery and corruption in sports. Today we leave the world of track and field and enter the gentile realm of tennis where there have been recent reports of match fixing and attempted bribery....more

UPDATE: Challenges to Standing of Petrobras Opt-Out Plaintiffs Denied

As a follow-up to our October 15 discussion about challenges to the standing of certain opt-out plaintiffs in the In re Petrobras Securities Litigation, No. 14-cv-9662 (S.D.N.Y.) consolidated litigation, Judge Rakoff has...more

"Aggressive Government Enforcement Continues: How Will Individual Prosecutions Impact Activity Against Institutions?"

U.S. authorities have been increasingly aggressive in their law enforcement and regulatory actions against multinational corporations and financial institutions, as well as individuals, in areas including market manipulation...more

[Webinar] White Collar Crimes in Indo-U.S. context: Do’s and Don’ts - Meritas Capability Webinar - Feb. 3rd, 10:00am EST

While emerging markets represent untapped growth potential and investment opportunities, there is often a sharp contrast between global best practices and compliance requirements and accepted business practices prevalent in...more

Remedies for Corruption – Lessons from the World of Track and Field

One of the great things about being obsessive is… you do not worry about it and enjoy being obsessive. Last night I bought, downloaded from iTunes and then listened to all of the The Eagles 1970s era studio albums. It was...more

Foreign Corrupt Practices Act Enforcement 2016: In Like A Lamb, Out Like A Lion

In 2015, the U.S. Government significantly bolstered its resources dedicated to combat international corporate bribery under the Foreign Corrupt Practices Act ("FCPA"). By announcing the addition of a team of FCPA-dedicated...more

MLB Computer Hacking Scandal – The Intersection of Compliance and Cyber Security

Sorry but I have to begin this blog post with a short prescript on the passing of Glenn Frey. The Eagles were such a huge part of my teenage and college years that I am compelled to write about Glenn Frey and the band he...more

The IAAF – Corruption and Blackmail in Track and Field

I am back from a lovely week in Venice, with my new Matt Kelly imposed nickname of ‘FCPA-nerd’. One thing is certain when you go on vacation, the world of international bribery and corruption will continue unabated. Last week...more

[Webinar] Addressing Top Threats in Professional Sports - January 14th, 2:00pm EST

Professional sports teams today face a myriad of threats – from security to scandals, corruption and cyber breaches. In this webcast, Sports Intelligence & Security Professionals from the Baltimore Ravens (Mr. Darren Sanders)...more

Corruption’s Impact on the Rule of Law & Security: Moving from the Vicious to the Virtuous

No country is free from the risk of corruption, but from Ukraine to Afghanistan, from Nigeria to Iraq, the tide is turning on the acceptance of corruption as a benign issue that ‘greases the wheels of bureaucracy.’ Rather,...more

John Lennon and Communicating Across Cultural Boundaries

Yesterday was the 35th anniversary of the death of John Lennon. I was tempted to write this was truly the day the music died but even as I considered it I realized that Lennon’s music no more died on this date in 1980 than...more

Africa Update - December 2015

Leading the News - Nigeria: On December 1st, the United Nations (U.N.) reported nearly 450 schools have reopened in Borno state, Nigeria since October after being closed for more than 18 months following the Boko...more

CLLS publishes corporate crime and corruption minutes

CLLS has published the minutes of its Corporate Crime and Corruption Committee meeting in June. The meeting included a presentation by Claire Lipworth, FCA Chief Criminal Counsel, discussion of the SFO’s attitude towards a...more

Corruption and the Closing Table: How Much Diligence is Due?

It is 2016 (almost). We all have heard about corruption – outrageous tales of money changing hands to enable access to new markets in under-regulated parts of the world, or payments for access to foreign ports, expediting the...more

[Webinar] Corruption and Third Parties: Top Ways to Mitigate Risks - Dec. 1st, 12:00pm EST (3:00pm Brazil)

New laws, increased enforcement and broadened liability increase the urgency for companies working in Brazil to put processes in place to prevent corruption within their own organizations and among their business partners....more

The Petrobras Scandal Reaches Into Texas

As Houston is still the epicenter of the Foreign Corrupt Practices Act (FCPA) enforcement world, it is probably not too surprising that the Petrobras scandal has reached the Lone Star state. This week there were two reports...more

A Philosopher’s Guide to Compliance

One of my favorite weekly reads is the Texas Lawyer Candid Mentor column by Michael P. Maslanka. He recently did an article, entitled “Applying Ancient Wisdom to Modern Problems”, where he channeled some very ancient wisdom...more

SFO speaks on co-operation

Ben Morgan has spoken on SFO’s recent successes and current cases. He then focused on how firms should co-operate with SFO. He said: - in principle, SFO is more likely to consider a deferred prosecution agreement (DPA)...more

DOJ Sharpens Focus on Corporate Compliance in Deciding Whether to Prosecute Companies

One of the factors that the U.S. Department of Justice (DOJ) considers in deciding whether to bring charges against a corporation is the existence and effectiveness of the corporation’s pre-existing compliance program. On...more

Australian Anti-Bribery & Compliance Trends

Today we welcome Ted Williams, Partner, Piper Alderman. Ted, can you share some of your background and experience? TW: Thank you, Richard, for the opportunity to engage with your community, and it was a pleasure to...more

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