Brazil’s state-owned energy giant entered into the biggest FCPA settlement in history Thursday after the DOJ and SEC assessed penalties and disgorgement totalling $1.78 billion.
Saudi Arabia changed its law this week to remove the statute of limitations for anti-corruption investigations into current and former ministers of the world’s largest petroleum exporter. … Continue Reading
Every year for the past decade, BSR has surveyed sustainability leaders at our global member companies on the State of Sustainable Business, in a collaboration with Globescan. To mark our 10th year and reflect the shifting global agenda, we have updated the list of corporate sustainability priorities we track: ethics/ integrity and diversity/ inclusion just appeared on our list for the first time.… Continue Reading
The former CEO of a Chile-based chemical and mining company agreed Tuesday to pay $125,000 to resolve civil charges that he violated the Foreign Corrupt Practices Act.
Patricio Contesse González caused Sociedad Química y Minera de Chile, S.A.… Continue Reading
India’s anti-bribery and anti-corruption regime recently went through a massive change with the enactment of the 2018 Prevention of Corruption (Amendment) Act, 2018. What is the impact of the so-called Amendment Act and what measures should companies put in place to ensure compliance?… Continue Reading
The Securities and Exchange Commission awarded an overseas whistleblower $4 million for “extensive assistance” resulting in a successful action, the agency said Monday.
Chief of the SEC’s Office of the Whistleblower Jane Norberg said, “Whistleblowers, whether they are located in the United States or abroad, provide a valuable service to investors and help us stop wrongdoing.”… Continue Reading
Employer: Open Society Foundations
Location: New York, Berlin, London
Description: The Open Society Justice Initiative uses the law to protect and empower people around the world.… Continue Reading
Transparency International just updated its Exporting Corruption Evaluation for 2018, the first update since 2015.
It assesses enforcement of the OECD Anti-Bribery Convention by reviewing the 44 countries that are signatories of the convention and account for 65 percent of world exports, and more than 75 percent of total foreign direct investment outflows.… Continue Reading