Shortly after announcing that former political high-flyer Bo Xilai had been expelled from the Chinese Communist Party and faced criminal prosecution for corruption, China’s state news agency Xinhua published a commentary titled “Whoever tramples on party discipline and national law will be punished severely.”… Continue Reading
The countries of the developed North/West played two roles in instigating corruption in the developing South/East. First, they acted as the suppliers of corruption. This comes from multinational companies looking for business opportunities for their products in developing countries.… Continue Reading
“The pre-holiday procession of Chinese entrepreneurs bearing gifts for the officials who hold sway over their businesses highlights the ubiquity of corruption in China and the difficulty the government will have in stamping it out. For
The question was: Does your organization allow facilitating payments?
Nearly sixty-five percent said never.
Almost a quarter said sometimes, and less than one percent said always. Five percent didn’t know.
One respondent said he or she is ‘still trying to get management to make a decision’ about facilitiating payments.… Continue Reading
The China Securities Regulatory Commission is reportedly looking into illicit deals between companies seeking an IPO and media organizations.
A general manager of a finance company said he knew of companies that paid as much as $3.2 million to prevent media agencies from going public with negative information.… Continue Reading
Passing legislation instead of applying resources is always tempting for governments. In the U.K., the process of providing legislative form over that of financial substance is now focused on providing the Serious Fraud Office with the ability to use Deferred Prosecution Agreements (DPAs).… Continue Reading
People in Zimbabwe who can’t afford small bribes often lose out on birth certificates and passports.
An investigative report by the Standard said, “The forms of corruption reported [in the Registrar General’s Office] ranged from individuals selling queue positions, selling access to a registration officer, and selling even the right to be acknowledged and served within the RG’s Office.”… Continue Reading
As reported last week by the FCPA Blog, President Obama signed a groundbreaking Executive Order designed to strengthen protections against trafficking in persons in federal contracting.
Among other requirements, the Executive Order requires federal contractors and subcontractors to take the following actions:
On Tuesday, October 9th, the World Bank will host a Colloquium on Suspension and Debarment, a tool used to “blacklist” non-responsible, corrupt or otherwise unqualified contractors. The event is open to the public (with registration) and will be held at the World Bank HQ in Washington, D.C. … Continue Reading