In a landmark ruling, the High Court in London has said that interview notes — made by a company’s external law firm as part of internal investigations into allegations of corruption in Kazakhstan and Africa — are not protected by legal professional privilege.… Continue Reading
What industries do the 102 companies currently followed by FCPA Tracker represent?
Here’s the list:
3. Asset Management
4. Auto Parts
5. Aviation Technology
7. … Continue Reading
This is National Police Week, when Americans thank our local, state, and federal law enforcement professionals for risking their lives to keep us safe.
And Monday was Peace Officers Memorial Day — a time to honor those who have made the ultimate sacrifice.… Continue Reading
The World Bank Group announced the debarment Monday of Feedback Infra Pvt. Ltd. and five of its affiliates for one year.
A World Bank investigation revealed evidence that Feedback’s staff “recklessly verified, and certified for payment” three invoices that made “false materials advance claims, based upon fictitious steel purchases.”… Continue Reading
You would expect investors to be pleased and optimist when their company resolves an FCPA case by paying relatively moderate penalties and landing a DOJ non-prosecution agreement.
Good news, the dark cloud is gone.… Continue Reading
London-based Petrofac is under investigation for suspected bribery, corruption and money laundering, the UK Serious Fraud Office said Friday.
A powerful resource goes far beyond the Corporate Investigations List with real-time alerts and deep insight into open FCPA investigations.
Fostering strong ethical cultures within business firms could be the most effective and durable means of controlling the payment of bribes by firms. Creating a strong ethical culture is difficult, but measuring and maximizing stakeholder trust may overcome that difficulty.… Continue Reading
Wal-Mart’s Executive Vice President and Global Chief Ethics and Compliance Officer told the Thomson Reuters Financial and Risk Summit that his company is seeking ISO 37001 certification.
“We have begun looking for a company that would certify us,” Jay Jorgensen, said on May 3.… Continue Reading
The World Bank announced the debarment of two China construction companies and a medical equipment supplier in Romania.
Zhengtai Group Co. Ltd. and 20 affiliates were debarred for 15 months.
An investigation revealed the company’s fraudulent misconduct in connection with the Anhui Xuancheng Infrastructure for Industry Relocation Project in China.… Continue Reading
Nearly 100 percent of the FCPA Blog’s readers have experienced traveling in a car when it broke down. But how many have experienced a commercial airplane breakdown while in flight? Almost zero percent.… Continue Reading
Driven by the complexity and international dimension of investigations, countries increasingly resort to settlements, rather than traditional justice, to solve foreign bribery allegations.
In 2014, the OECD reported that 69 percent of the cases successfully concluded by member countries since the adoption of the Anti-bribery Convention were resolved through a settlement.… Continue Reading