What can companies do to manage bribery and corruption risk better?
Posted on 06-12-2018 by Lisa Thompson

Kathryn Higgs is Director of Transparency International’s Business Integrity Program. Prior to that she was head of ethics and compliance at Tesco and chief compliance officer at Balfour Beatty. In an exclusive interview with LexisNexis, she says that technology has increased the risk of bribery... Read More

Investors Prove that Corporate Social Responsibility Pays
Posted on 05-23-2018 by Lisa Thompson

For many companies, ‘doing the right thing’ is not enough to persuade them to take an ethical, sustainable approach to business. But they will surely be convinced by new evidence that a sustainable approach to business can improve their share price. A fund which invested in 300 companies... Read More

Compliance Q&A: ISO 37001 Expert shares insights into boosting the effectiveness of anti-bribery and corruption efforts
Posted on 05-10-2018 by Lisa Thompson

Jean-Pierre Mean is an anti-corruption lawyer who played a leading role in the development of ISO 37001, a recent global standard by which companies can measure their anti-bribery and corruption policies. He is now leading the working group which looks after the implementation of the standard. Mr. Mean... Read More

Regulatory Risk in the U.S.: What Companies Need to Know
Posted on 04-27-2018 by Lisa Thompson

Since its introduction of the Foreign Corrupt Practices Act (FCPA) in 1977, the United States has led the world in efforts to counter bribery and corruption in corporate business that traverses national borders. Now it has gone a full step further with permanent adoption and expansion of its Corporate... Read More

Bribery and Corruption Investigation Highlights 'Foul Play' in College Hoops
Posted on 04-13-2018 by Lisa Thompson

College basketball in the United States is watched by millions and has become lucrative for the universities who compete and the companies who sponsor the teams. But college sport can also carry reputational, legal, and financial risks. We have seen the latest reminder in New York this week, when prosecutors... Read More

CONSTRUCTing a new approach to CSR
Posted on 04-06-2018 by Lisa Thompson

Environmental and social issues driving change in the construction industry Guest Post by Colleen Theron, Director Ardea Since Russia and Qatar won their bids to host the FIFA World Cups in 2018 and 2022 respectively, the construction industry has come under the spotlight for their human rights... Read More

What the Lotte Corruption Case Teaches Us About Risk
Posted on 03-05-2018 by Lisa Thompson

Nothing evokes the public and personal perils of high-level corruption more powerfully than photos of the billionaire chairman of a corporate conglomerate being led to a prison bus in handcuffs. Or almost nothing. Images of his 95-year-old wheelchair-bound father, the founder of the conglomerate, leaving... Read More

Lessons Learned: How One Global Economist Evaluates Political and Economic Risk
Posted on 03-02-2018 by Lisa Thompson

For the latest installment of our Q&A series, we spoke with Simon Baptist of the Economist Intelligence Unit (EIU). More than 100 economists and experts at the EIU analyze political and economic risks for some of the world’s biggest companies. As Global Chief Economist and Managing Director... Read More

Rise in Donations Means Universities Need First-Class Due Diligence
Posted on 02-23-2018 by Lisa Thompson

Universities in the United States received a record $43.6 billion in donations from individuals, companies and organisations in 2017. But recent scandals show that universities must not neglect due diligence on the source of these donations. Top marks for university fundraisers 2017 was... Read More

2 in 3 countries have “high corruption burden”: Transparency International
Posted on 02-22-2018 by Lisa Thompson

The world’s most corrupt countries have been revealed in Transparency International’s 2017 Corruption Perceptions Index. The big movers in this year’s index are the UK, whose score has improved by eight points since 2012, and Australia, whose score has fallen by eight. Usual... Read More

Anti-corruption head reveals insights on anti-bribery and corruption risk
Posted on 02-08-2018 by Korinne Bressler

For our recurring Q&A series, we spoke with Patrick Moulette, Head of the Anti-Corruption Division at the OECD (Organization for Economic Cooperation and Development). He shares how the legislative landscape has changed since countries signed the OECD Anti-Bribery Convention 20 years ago, and the... Read More

Wintering Corruption Risk in Sport: What Companies Can Do
Posted on 01-26-2018 by Korinne Bressler

Nothing attracts controversy like a global sporting event, and with the winter games about to kick off—or rather, ski, skate and bobsleigh off—in South Korea on February 9, let’s take a look at how it has been faring on the bribery, corruption, and human rights front.—and what... Read More

Petrobras anti-bribery and corruption settlement shows rise of class actions
Posted on 01-17-2018 by Korinne Bressler

Petrobras recently agreed to pay $2.95 billion to settle a class action brought by investors in the United States. We look at the rise of class actions and what companies should do to limit the risk of bribery and corruption. A major settlement Petrobras, Brazil’s state oil company, has agreed... Read More

Five ABC Compliance Lessons from Samsung Chief’s Arrest
Posted on 02-21-2017 by Ulyana Androsova

The head of Samsung Group has been arrested in South Korea because of major bribery allegations. The details of the allegations offer some important lessons to companies about the importance of compliance to help prevent and mitigate bribery and corruption risk. Allegations Emphasize Bribery and Corruption... Read More

Sanctions Help World Bank Fight Financial Crime
Posted on 04-29-2016 by Ulyana Androsova

The World Bank’s commitment to debarment against companies involved in World Bank-funded projects who commit financial crime remains strong, according to latest figures . When firms or individuals are found to have engaged in fraudulent, corrupt, collusive, coercive or obstructive practices, the... Read More

Are ties to global sports organizations exposing you to corruption risk?
Posted on 02-03-2016 by Ulyana Androsova

This Sunday, football fans will be gathering—at the stadium as well as in living rooms and sports bars across the country—to watch the Super Bowl. And it’s not just the sports fans who will tune in. Despite the fact that many consumers actively avoid commercials by DVRing television... Read More

FIFA Scandal Shows Why Anti-Corruption Policy is Not Enough
Posted on 12-17-2015 by Ulyana Androsova

Since the FIFA corruption scandal broke in May, prosecutors have charged 41 individuals or entities with violations of global anti-bribery and corruption laws. At the time, court documents suggested that as-yet unnamed media companies and advertisers might have, to coin a phrase, skin in the game. Now... Read More

Are the G20 Countries Slacking on Anti-Bribery and Corruption?
Posted on 12-04-2015 by Ulyana Androsova

Five years ago, the G20 Leaders created the Anti-Corruption Working Group (ACWG) to address the negative impact of corruption on economic development and trade. Yet, the latest Transparency International report suggests that the leaders of the world’s largest economies are falling short when it... Read More

Here’s Why You Can’t Put a Price on Enhanced Due Diligence
Posted on 11-17-2015 by Ulyana Androsova

The Petrobras bribery and corruption scandal feels more like a telenovela—the dramatic Latin American version of a soap opera. Honestly, as investigators uncover new stones, the wild twists and turns of the scandal offer more melodrama than a series finale. According to a New York Times article... Read More

What’s a PEP and Why Should You Care?
Posted on 11-16-2015 by Ulyana Androsova

When it comes to finding your way around the regulatory landscape, the overabundant use of acronyms may make you feel like you need a translator by your side. FCPA, OAFC, BSA, PEP and others … keeping all of them straight could be a full-time job—if you weren’t already busy full-time... Read More

Shipping due diligence: more at risk than piracy on the high seas
Posted on 10-27-2015 by Ulyana Androsova

In 1890, American naval strategist Alfred Thayer Mahan wrote, “Control of the sea by maritime commerce and naval supremacy, means predominant influence in the world; because, however great the wealth product of the land, nothing facilitates the necessary exchanges as does the sea.” Oddly... Read More

Why Due Diligence Matters: How Third Parties Increase Compliance Risk for Global Businesses
Posted on 08-28-2015 by Ulyana Androsova

Are you confident that your current due-diligence process mitigates third-party compliance risk? These days, you can’t be too careful when it comes to vetting and monitoring the third parties that you rely on. Regulators around the world have indicated that many companies lack the necessary controls... Read More

Effective due diligence the best medicine for the pharmaceutical industry
Posted on 08-12-2015 by Ulyana Androsova

The pharmaceutical industry has been impacted by globalization more than most. Where there was traditionally a significant difference between the levels of healthcare and well-being between the developed and developing worlds, there has been rapid and complex change. With an increased demand for cures... Read More

Do you think your pre-M&A due diligence is digging deep enough?
Posted on 08-11-2015 by Ulyana Androsova

It’s a given that before any merger or acquisition, your company conducts due diligence. The question is, are you drilling down to the right information? Financial due diligence is important, of course, but it only scratches the surface. These days, conducting business—including M&A activity... Read More

Where will the FIFA FCPA Investigations End?
Posted on 07-29-2015 by Ulyana Androsova

When the final match of the FIFA Women’s World Cup Canada™ concluded earlier this month, the fans of the U.S. women’s soccer team celebrated, and for a moment, FIFA was in the spotlight for good reason. The Women’s World Cup generated a lot of interest—so much, in fact,... Read More