This is the second of a multi-part series of thought pieces on the state of the suspension and debarment system in federal contracting. The first, “A Full Throated Defense of the Structure of the Suspension and Debarment System,” is here.… Continue Reading
It’s no secret that traditional newsrooms are hurting. But a new kind of journalism is rising — the open data movement.
On July 17, Wang Wenzhi, chief correspondent at the Economic Information Daily, used his verified Weibo account to expose the Chairman of state-owned China Resources Holdings, also known as Huarun Group, for allegedly stealing state-owned assets worth billions of Yuan.… Continue Reading
Alstom executive Frederic Pierucci pleaded guilty Monday to an FCPA conspiracy and to a substantive FCPA offense.
Here’s a thoughtful comment from a U.S.-based compliance professional who asked not to be named:
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I think that as China continues to march to the largest economy in the world it is going to have increasing influence in the world in many areas.… Continue Reading
Ukraine has revamped its anti-corruption laws. The most significant aspect of the new legislation is the introduction (scheduled for September 2014) of corporate criminal liability for companies whose employees offer or pay bribes, directly or indirectly, to public officials or officers of private companies.… Continue Reading
[Editor’s note: What follows is a reply to a recent letter from a reader in China.]
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Dear Compliance Officer,
You asked for advice about what is the job of a compliance officer?… Continue Reading
Brazilian aircraft maker Embraer SA said Friday its FCPA investigation is ongoing and it’s still too early to tell what impact there might be from the fall out.
One of China’s anti-bribery laws is the Anti-Unfair Competition Law (AUCL). An offense involves the free functioning market competition that the AUCL was formulated to protect.
Article 8 of the AUCL provides that: “a business operator shall not resort to bribery, by offering money or goods or by any other means, in selling or purchasing commodities.… Continue Reading
China state media reported Friday that police have detained 18 more people in the growing bribery investigation of U.K. drug maker GlaxoSmithKline.
Here’s part of a dispatch Friday from the China Digital Times:
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The scandal surrounding British pharmaceutical firm GlaxoSmithKline (GSK) in China has widened as a previously unnamed American citizen who has been detained has been identified as Yu Yingzheng, the wife and business partner of fraud investigator Peter Humphrey, who has also been detained.