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Court moves to close Romanian anti-corruption body

BUCHAREST Romania - (APINTL) Officials and democracy activists on Tuesday criticized a move by a court to close down a government agency that reviews the assets of public officials including the court's judges and recommends prosecution for wrongdoing. Horia Georgescu, general secretary of the...

UK Bribery Act Delayed

When I saw there was a press release from the UK's Ministry of Justice, I was expecting an announcement of what it meant for a commercial organization to have "adequate procedures" to prevent bribery. That being the only affirmative defense under the Bribery Bill. It turns out that...

Greenberg Traurig Alert: Bribery Act 2010: Anti-Corruption Policies

The Bribery Act 2010 (the "Act") is due to come into force in April 2011. The Act will see the introduction of the new "corporate offence" of having failed to prevent bribery from occurring. The only defence to this strict liability offence will be to demonstrate that the company...

Brazil and Anti-Corruption Legislation

As one of the world's largest energy producing countries, many US companies have subsidiaries in Brazil, which are subject to the Foreign Corrupt Practices Act (FCPA). Most of these companies have translated versions of the US FCPA compliance program. Such translations often disregard the size...

The United Nations Convention against Corruption: A New Focus?-Part I

Ed. Note-today I begin a two-part series on the attempts to invoke the United Nations Convention against Corruption in the FCPA context. This article is written jointly with my colleague Mary Shaddock Jones. In an article published in the August 21, 2011 edition of the Sunday Nigerian Tribune...

The United Nations Convention against Corruption: A New Focus?-Part II

Ed. Note-Yesterday we began a two part series on the attempt by the NGO SERAP to invoke the United Nations Convention against Corruption on certain FCPA related matters. Today we conclude our series. This article is written jointly with my colleague, Mary Shaddock Jones. We have kept the article's...

Transparency International Guidance on Anti-Corruption and Anti-Bribery Due Diligence for M&A Transactions – Part I

Transparency International (TI) recently released, in draft form for consultation, a White Paper entitled " Anti-Bribery Guidance for Transactions ." Although this version was preliminary draft, available for a commentary period and the final version is to be released later in October,...

Wolfsberg Anti-Corruption Guidance

In a recently released White Paper by the Wolfsberg Group, entitled " Wolfsberg Anti-Corruption Guidance " , a group of internal banks, together with Transparency Internal and the Basel Institute on Governance, issued guidance on anti-corruption and anti-bribery procedures which financial...

The Worst Conflict of Interest Move of All-Time (at Least Since Enron)

Last week, I observed one of the worst actions by a major league sports commissioner in my lifetime. Not the worst, as I will give that "worst award for a decision made by a sports commissioner in my lifetime", to either of two Baseball Commissioners; Ford Frick, for the * next to Roger...

OCEG Illustrated Series: Managing Corruption Risks

How do you move off dead center? That was a question posed by my colleague Mary Jones in a recent guest blog post. She gave several concrete steps in answer to her own question. This question was further explored in the January issue of the Compliance Week magazine which began a six-part " Anti...

Earl Scruggs: Banjo, Bluegrass and the Fight against Corruption and Bribery

Last Thursday, Earl Scruggs died. He was one of the musician's most responsible for my development in learning about, and appreciating, different styles of music. For musicians, he basically invented and then popularized the 3 finger picking style on the 5 string banjo. For popular culture, he...

OCEG on Third Party Anti-Corruption Due Diligence

My grandfather was a comic book collector. He collected all kinds and types of comics, from super-heroes to the Archie series. One of the series that he collected that I still think about from time-to-time was Classics Illustrated. Classics Illustrated was a comic book series featuring adaptations...

The Five Essential Elements of a Corporate Compliance Program – Part II

Yesterday, Stephen Martin and I co-presented at a Foreign Corrupt Practices Act (FCPA) event hosted by Kreller. If you are in or near Chicago, I hope that you can join us for this presentation. The title of our presentation is " Anti-Corruption/FCPA Developments & Best Practices " and we...

Kroll and Compliance Week Survey Anti-Bribery and Anti-Corruption

Not many people realize that the US has elected one president who served as a prisoner of war. That man was Andrew Jackson, who was captured by the British during the Revolutionary War. Now, can you name the American President who killed another man in a duel? If you guessed Andrew Jackson you are...

Increasing Risks of Fraud; Compliance Failures; A Willingness to be Unethical

Cyber security, corruption and unethical behavior pose significant risks for business enterprises, according to a new survey by EY titled “Overcoming Compliance Fatigue’ ( here ). At the same time business organizations may be focusing their efforts in the wrong area while not effectively...

The Whole World Is Watching Mexico In the Fight Against Corruption

Don Pardo died this week. While perhaps not of the public stature of Robin Williams or Lauren Bacall, whom we lost last week, his passing nonetheless was well noted in the national media. Pardo lived to the ripe old age of 96 and got his start in the public eye through the medium of radio. While perhaps...

The B20 Anti-Corruption Working Group Is Focused on the Right Topic, But It Is Unlikely That There Will Be Meaningful Action

This article was reprinted with permission from FCPA Professor Earlier this summer, the B20 Anti-Corruption Working Group released this report detailing various policy recommendations to combating corruption. As highlighted on its website , the Business 20 (B20) is a forum through which the private...

Bad News Barnes and China’s Overseas Efforts to Fight Corruption

Marvin ‘Bad News’ Barnes died last week. Barnes probably summed up the state of professional basketball more than any one person in the 1970s. He was enigmatic, supremely talented, defiantly self-indulgent, fell prey to drugs and alcohol and lost everything. He exploded onto the national...

Many Companies’ Most Significant Regulatory Risks Are Not in Their Home Country

When Chinese regulators hit GlaxoSmithKline with a $489 million penalty last month – the largest corporate penalty ever in China – it set off alarm bells around the world. Among other things it sent out a “wake-up call for global companies that assumed that their main regulatory risk...

Bone-Headed Moves on the Football Field and Idiotic Statements About Corruption

“ Three things can happen when you throw the football, and two of them are bad .” That football truism (allegedly) came from former Texas Longhorn head coach Darrell Royal. While he intoned it in a different era, Pete Carroll and his Seattle Seahawks proved it still to be valid in the...

Taking the Rolls Out for a Spin? Maybe You Should Avoid Brazil

Just as the GlaxoSmithKline PLC (GSK) case in China heralded a new day in international anti-corruption enforcement, the Petrobras case may be equally important going forward. The scope and breadth of the investigation is truly becoming worldwide. Last fall, one of the first questions raised was why...

International Anti-Corruption Enforcement Efforts

While the US Foreign Corrupt Practices Act (FCPA) is still the most widely recognized and enforcement anti-bribery and anti-corruption law across the globe, there have been a number of initiatives which will lead directly to greater anti-bribery and anti-corruption enforcement. This increased enforcement...

Brazilian Corruption Scandal Expands Past Petrobras – Is a FCPA Country Sweep Next?

The Brazilian corruption scandal took a new turn last week, when the Brazilian government announced that it was investigating the country’s health ministry and the state-owned bank Caixa Econômica Federal (Caixa). As reported by Rogerio Jelmayer and Luciana Magalhaes in the Wall Street Journal...

The Easter Rebellion and Petrobras’ $17 Billion Write Down

Ninety-nine years ago Friday the Easter Rebellion began. If there is one event that is seared into history as a turning point for Irish independence from Britain, it was the Easter Rebellion. England had finally granted Home Rule to Ireland in 1914 but suspended implementation due to World War I. This...

One Anti-Corruption Compliance Panel: Multiple Perspectives

On July 23 rd , 2015 at the Hotel Kitano in New York City, The Network ( www.tnwinc.com ) hosted an Anti-Corruption Compliance Panel discussion titled “Why Anti-Bribery Programs Fail and How Compliance Must Evolve.” Cindy Curtin Knezevich, Vice President of Marketing Operations at The Network...