Home
»
Biz Blog
»
All Tags
»
Anti-bribery regulations
»
FCPA compliance
Biz Blog
LexisNexis Biz Blog
Get this RSS feed
Home
Blog
Forum
Files
Wiki
Tags
Tags
ABC compliance
Anti Bribery and Corruption
Anti-bribery
Anti-bribery & Corruption
Anti-Bribery and Corruption
anti-bribery and corruption compliance
Anti-Corruption Policy
bribery and corruption
bribery and corruption risk
business ethics
compliance risk
Compliance Risks
Corporate Social Responsibility
Due Diligence
due diligene
due-diligence
ethical sourcing
FCPA
Higher Education
Regulatory compliance
Risk Assessment
risk management
risk management tools
Risk Mitigation
Risk Monitoring
Tagged Content List
Blog Post:
FIFA Fallout Goes into Overtime
Ulyana Androsova
Yesterday, FIFA President Sepp Blatter resigned in the wake of the 47-count indictment brought against 14 defendants related to corruption of international soccer. Despite a show of support that led to his re-election last week, NPR reported that Blatter expressed doubt that the vote was enough to satisfy...
on
3 Jun 2015
Blog Post:
Lessons Learned: How One Global Economist Evaluates Political and Economic Risk
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...
on
2 Mar 2018
Blog Post:
Regulatory Risk in the U.S.: What Companies Need to Know
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...
on
27 Apr 2018
Blog Post:
FCPA Hangover: Whiskey Maker's $8M Settlement Puts Food & Drink Industry on Notice
Lisa Thompson
The makers of Jim Beam whisky have paid $8 million to settle allegations of bribing government officials to enter the Indian market. The settlement is a timely reminder of the continued threat of FCPA enforcement action , and the particular risks posed by third parties in the food and drink industry...
on
13 Jul 2018
Blog Post:
Why Pharma & Biomed Companies’ Risk Analysis Processes are Due for a Check-Up
Lisa Thompson
Just three years ago, Teva Pharmaceuticals, a drug-maker in Israel, disclosed to both the U.S. Securities & Exchange Commission and the U.S. Department of Justice that an on-going internal probe had revealed possible violations of the Foreign Corrupt Practices Act (FCPA) and/or local laws. Ultimately...
on
18 Jul 2018
Blog Post:
Danske Bank and Siemens invite ABC compliance in the boardroom
Lisa Thompson
Danske Bank and Siemens have appointed chief compliance officers to their boards of directors this summer. We explore why compliance has become accepted as a critical function in any company. At the next board meeting of Denmark’s biggest bank, a chief compliance officer will be at...
on
16 Aug 2018
Blog Post:
Why the Energy Sector Needs Better Due Diligence & Risk Monitoring
Lisa Thompson
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. It’s a topic we’ve touched on in blog posts on Unaoil and Petrobras . But anti-bribery and corruption regulations...
on
23 Aug 2018
Blog Post:
Compliance risk in the UK: what companies need to know
Lisa Thompson
The global compliance landscape is becoming ever more complex, and some of the most significant recent developments in ABC and AML legislation have happened in the UK. All companies who operate in the UK need to be aware of these laws, as well as growing consumer expectations of ethical behavior, if...
on
29 Aug 2018
Blog Post:
FCPA Corporate Enforcement Policy extended to M&A
Lisa Thompson
The U.S. Corporate Enforcement Policy, which incentivises companies to self-disclose bribery and corruption when they come across it, now applies to U.S. companies which are merging with or acquiring foreign companies. That’s according to a recent speech by a senior official at the Department of...
on
17 Sep 2018
Blog Post:
A new No. 1: Petrobras agrees to biggest FCPA settlement
Lisa Thompson
Petrobras has reached a $1.78 billion settlement with the DOJ and SEC over bribes to politicians and political parties in Brazil. This is the first time an enforcement action over FCPA violations has exceeded a billion dollars. The amount is bigger than the nearest two settlements combined, and the case...
on
5 Oct 2018
Blog Post:
Is the Defense Industry armed to beat corruption risk?
Lisa Thompson
Corruption is a significant problem—no matter what sector it originates in. But a recent report from corruption watchdog Transparency International takes aim at one industry in particular: Defense. The report notes, “While it may be true that much has changed over the last two or three decades...
on
29 Nov 2018
Blog Post:
Enter the ninja: A disciplined approach to defeat regulatory risk
Lisa Thompson
Forget about the turtles. Today is International Ninja Day, but what we’re on about has more to do with regulatory risk than teenagers or (as far as we know) mutants. Why does International Ninja Day make us think ‘compliance program’? International Ninja Day was the brainchild of...
on
5 Dec 2018
Blog Post:
The Foreign Corrupt Practices Act—2018 review
Lisa Thompson
2018 has been a record year of penalties issued for breaches of the Foreign Corrupt Practices Act (FCPA). Settlements totaling more than $2.96 billion were agreed by corporations found to be in breach of the Act. The year saw further indications of the FCPA’s global reach, witnessed the first judgments...
on
20 Dec 2018
Blog Post:
Bribery in pharma: What you need to know
Lisa Thompson
The pharmaceutical sector is one of the most-at risk industries for bribery and corruption. In a new White Paper, we look at some of the recent bribery enforcement actions against pharma firms and strengthened anti-bribery legislation. And we suggest ten steps for enhanced risk mitigation. Rising...
on
7 Jan 2019
Blog Post:
Weighing risk and opportunity in Latin America
Lisa Thompson
Despite recent Foreign Corrupt Practices Act (FCPA) enforcement actions, there are signs of more positive engagement with governance and compliance in Latin America. Emerging markets offer attractive opportunities for investors, but businesses aiming to capitalize will need to prioritize robust due diligence...
on
16 Jan 2019
Blog Post:
What global anti-corruption compliance trends are on the OECD's radar?
Lisa Thompson
This year is the 20th anniversary of the implementation of the OECD’s Anti-Bribery Convention. So, we went to Paris to meet Patrick Moulette, Head of the OECD Anti-Corruption Division. He explained that the global spread of negotiated settlements, particularly Deferred Prosecution Agreements, prompted...
on
9 Apr 2019
Blog Post:
Operation Varsity Blues Makes the Case for ISO 37001 Adoption
Lisa Thompson
Is anyone really surprised by the college admissions bribery scandal? Sure, it’s nice to think that academia is a bastion for the best and the brightest. But there’s a longstanding tradition where the family name—and perhaps an endowment—greases the wheels for less academically...
on
12 Apr 2019
Blog Post:
1.1 Billion Reasons Companies Need a Robust FCPA Compliance Process
Lisa Thompson
There were only three FCPA enforcement actions in the first quarter of 2019, but the small number obscures a bigger threat to corporate bottom lines—fines totalling $1.1 billion. This figure eclipses the total settlements in Q1 2018—also for three corporate enforcement actions—of a...
on
17 Apr 2019
Blog Post:
Frontline compliance requires expert juggling
Lisa Thompson
There’s no room for clowning about when it comes to risk management and maintaining the integrity of international business. According to records of ancient Chinese history, the armies of the Chu and Song states were facing each other in readiness for battle in 630 BC when a Chu warrior, Xiong...
on
18 Apr 2019
Blog Post:
How to message with due diligence
Lisa Thompson
In March, the U.S. Department of Justice (DOJ) issued revised guidance for the Foreign Corrupt Practices Act’s (FCPA) Corporate Enforcement Policy (CEP) concerning the adoption of rules and regulations around the use of ephemeral messaging platforms, such as Snapchat, WeChat or Telegram for business...
on
6 May 2019
Blog Post:
Bribery & corruption risk: Airbus reports €1.4B loss as enforcement fines soar to record heights
Lisa Thompson
This should have been a bumper year for Airbus, after rival Boeing grounded its 737 MAX aircraft following fatal crashes. Yet the multinational aerospace company reported a troubling loss of $1.5B earlier this month. A key reason for this result is a series record fines for bribery in many countries...
on
24 Feb 2020