DOJ extends FCPA Pilot Program for self-reporting
Posted on 04-12-2017 by Ulyana Androsova

The U.S. Department of Justice (DOJ) has decided to extend its FCPA Pilot Program, designed to encourage companies to self-report evidence of bribery and corruption, until it feels able to judge the program’s effectiveness. Pilot Program encourages companies to self-report evidence of financial... 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

Are You Taking the Right Steps for FCPA Compliance?
Posted on 07-21-2016 by Ulyana Androsova

Fifty-nine—that’s the number of countries mentioned in the 87 corporate investigations through the end of June, according to research by The FCPA Blog . The implication is clear: The reach of the Foreign Corrupt Practices Act (FCPA) crosses oceans and continents, and companies must mitigate... Read More

Three Trends to Consider when Crafting a Due-Diligence Strategy
Posted on 07-13-2016 by Ulyana Androsova

Technology has changed how we see the world. Take volcanos, for example. You can go to an interactive map that shows the current activity level of volcanos—and even click through to see live video feeds of the activity. If only it were that easy to monitor for corruption, but risk management professionals... Read More

Will the UK Bribery Act Be Enough to Curb Corruption after Brexit?
Posted on 06-30-2016 by Ulyana Androsova

Most agree that the UK Bribery Act (UKBA) is one of the strictest pieces of anti-bribery legislation in the world. The UKBA applies to both UK companies operating abroad and for overseas companies with a presence in the UK. Get our complimentary white paper on the UK Bribery Act for a quick overview... Read More

How Will Brexit Impact the UK’s Approach to Tackling Financial Crime?
Posted on 06-24-2016 by Ulyana Androsova

The UK is to leave the European Union, after 51.9% of voters backed a Brexit in yesterday’s vote (23 June). Prime Minister David Cameron has already announced that he will hand over leadership by October. Leaders in every sector are now being forced to consider how this will affect their respective... Read More

Beneficial Ownership: Lessons from the Recent Mossack Fonseca Leak
Posted on 06-08-2016 by Mark Dunn

The leak of 11.5 million documents from Panama-based law firm Mossack Fonseca has focused unprecedented attention on the use of tax havens and trails of secret companies to conceal the beneficiaries of undeclared and illegally obtained money. It emphasizes the challenge corporate due-diligence teams... Read More

How Energy Companies Can Power Up Better Due Diligence
Posted on 06-02-2016 by Amy Canning

Forgive the pun, but it probably won’t come as a shock that the energy industry ranks near the top when it comes to bribery and corruption risk. Some of the largest enforcement actions ever under the U.S. Foreign Corrupt Practices Act have taken place within that sector, including a $365 million... Read More

Has Bribery and Corruption Risk Got You Over a Barrel?
Posted on 05-25-2016 by Ulyana Androsova

Energy industries have received a lot of unwelcome attention lately—and it’s not just oil companies like Petrobras and Unaoil that are feeling the watchful eyes of the public and regulatory agencies. While those scandals may have dominated the news in recent months, it seems that some players... Read More

Get Tips for Powering Up Due Diligence for the Energy Sector
Posted on 05-18-2016 by Ulyana Androsova

No industry is impervious to bribery and corruption risk, but companies linked to energy industries, in particular, face elevated risks in order to reap the equally high rewards. The PWC Global Crime Survey found that energy, utilities and mining saw a 6 percent increase in misdeeds related to bribery... Read More

Panama Papers Put FIFA In the Spotlight for Bribery and Corruption Risk
Posted on 04-20-2016 by Ulyana Androsova

Remember when Michael Corleone said, “Just when I thought I was out, they pull me back in,” in The Godfather Part III? Executives at FIFA and UEFA can probably relate to his frustration after the recent Panama Papers leak put the spotlight of the media and possibly enforcement agencies back... Read More

Avoid Risk Knowledge Gap with Better Due Diligence
Posted on 04-14-2016 by Ulyana Androsova

We’ve all seen what happens when due-diligence efforts fall short. In addition to tainting a company’s reputation, the bad actions of a third-party can lead to criminal investigations, hobbled business operations and hefty fines that impact a company for years. Wish you could see risk warning... Read More

Unaoil Allegations Expose Extractive Industries’ Vulnerability to Corruption Risk
Posted on 04-13-2016 by Ulyana Androsova

Last week The Huffington Post and its Australian partner Fairfax Media published a bribery and corruption investigation into Monaco-based company Unaoil. The title of the article, ‘World’s Biggest Bribe Scandal’, may sound like journalistic sensationalism, but the allegations threaten... Read More

Compliance Risk: Not Just a Concern for Companies
Posted on 04-03-2016 by Ulyana Androsova

According to the Congressional Research Service , the Department of Defense spent $285 billion on federal contracts in 2014—more than all other U.S. government agencies combined. With so much money at stake, bribery and corruption risks soar, and the on-going investigation and prosecutions related... Read More

Bribery and Corruption Risk Increases for 2016
Posted on 03-17-2016 by Ulyana Androsova

For the last five years, Ethisphere and Kroll have teamed up to conduct an annual survey of compliance professionals across the globe to understand the key anti-bribery and corruption (ABC) trends that impact companies. As this year’s title suggests global expansion and enforcement of ABC regulations... Read More