The Securities and Exchange Commission said Tuesday that oil services company Weatherford International paid a $140 million penalty to settle charges that it inflated earnings by using deceptive income tax accounting. … Continue Reading
Brazil’s Supreme Court has authorized a federal investigation into Brazilian President Michel Temer’s role in the sprawling corruption scandal known as Operation Car Wash. If Temer’s presidency does not survive the investigation — and I’m betting it won’t — it will be another chapter in what may be the most dramatic anti-corruption enforcement story this world has ever seen.… Continue Reading
The OECD recently published a resources booklet for the fourth round of country monitoring under the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.
While the format of the evaluations will be seemingly the same as in the prior round, the content will have a more topical axis, the main purpose being to focus on three horizontal issues: detection of the foreign bribery offense, enforcement, and liability of legal persons.… Continue Reading