News & Analysis as of

Corporate Gifts Bribery

NAVEX

Avoiding Bribery and Corruption: A Gift Giving Guide

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Gift-giving is common in many workplaces, especially during the holiday season. While giving your coworker or customer a present can help to build business relationships, not all forms of gift-giving happen with such...more

Jones Day

French Anti-Corruption Agency Publishes its Practical Guide on Corporate Gifts and Entertainment Policies

Jones Day on

Companies should identify and, where appropriate, manage risk associated with gifts and entertainment by incorporating a clear policy into their overall corporate compliance strategy. On September 11, 2020, the French...more

Wilson Sonsini Goodrich & Rosati

Telefônica Brasil Case Reinforces Risks of Gifts and Hospitality Involving Foreign Officials

On May 9, 2019, Telefônica Brasil agreed to pay a US$4.13 million civil fine to settle U.S. Securities and Exchange Commission charges for violations of the internal accounting controls and recordkeeping provisions of the...more

K2 Integrity

When the Well-Intentioned Holiday Gift Crosses the Line

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Sending the wrong gift to the wrong person could leave a company facing bribery charges. During the holiday season, we naturally want to acknowledge and thank our clients and vendors. Today, however, with stricter...more

Thomas Fox - Compliance Evangelist

Booking a Meeting? In Venezuela It May Cost You a Rolex

First it was Petrobras but it certainly did not take long for the second shoe to drop for the other corrupt national energy company in Latin America, the Venezuelan national oil company Petróleos de Venezuela, also known as...more

Morrison & Foerster LLP

Scottish Authorities Settle First Corporate Criminal Offence Under the Bribery Act

On 25 September 2015, prosecutors in Scotland announced the first application of the corporate offence of failing to prevent bribery under section 7 of the Bribery Act 2010. Due to self-reporting and extensive cooperation...more

NAVEX

Executives: The Organization’s Gifts Policy Also Applies to You

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Last week the Department of Justice formally charged ex-Virginia Governor Bob McDonnell and his wife with illegally soliciting and accepting lavish gifts and entertainment as well as loans from the (now former) CEO of Star...more

Holland & Knight LLP

Governor McAuliffe Signs Ethics Executive Order for Virginia

Holland & Knight LLP on

Virginia Governor Terry McAuliffe, on his first day in office, signed Executive Order 2 "Personnel Directive Prohibiting the Receipt of Certain Gifts; Establishment of Executive Branch Ethics Commission" which bans executive...more

Thomas Fox - Compliance Evangelist

Venice, The US Navy And Red Flags

Today’s post comes from Venice where I am spending a week. It is one of the most unique and beautiful cities on earth. It was a great maritime power for over 1000 years. At the height of its power, it was the richest city on...more

Parker Poe Adams & Bernstein LLP

A Bribe is a Bribe

Last week the SEC reported that Diebold, Inc. agreed to pay more than $48 million in fines and prejudgment interest to settle SEC civil charges and DOJ criminal charges that it had violated the Foreign Corrupt Practices Act....more

Winthrop & Weinstine, P.A.

Minnesota Political Law Guidelines Updated

Table of Contents: Lobbyist Registration; Lobbyist Report and Record Keeping; Corporate Political Activity; Gifts To Public Officials Prohibited; Issues In Communicating With Public Officials; Employment Law Issues;...more

Thomas Fox - Compliance Evangelist

Not Draconian – Gift, Travel And Entertainment Under The FCPA

The Greek ruler Draco has received some very bad PR advice over the centuries. ...more

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