The Anti-Corruption Ethics and Compliance Handbook for Business is ready, and its authors at the Organisation for Economic Co-operation and Development (OECD), The United Nations Office on Drugs and Crime (UNODC) and the World Bank hope it provides helpful guidance in the global effort to eradicate corrupt practices.
Neil MacBride, former U.S. Attorney for the Eastern District of Virginia (EDVA), is joining the law firm Davis Polk & Wardwell LLP in April 2014 to serve as a partner in its Washington, D.C. office. The FCPA Blog looks forward to speaking with him next week about his experience and thoughts on modern-day bribery and corruption investigations and effective corporate compliance programs.
A new report released by Transparency International (TI) said most European Union nations offer whistleblowers little to no protection from retaliation from their employers.
The Department of Justice is focused on deterring and prosecuting criminals who use virtual currency to hide money connected to criminal or terrorist acts, said acting assistant attorney general, Mythili Raman on Monday.
Developing countries are losing between $20 billion to $40 billion every year, making graft the greatest obstacle to economic and social development around the world, according to a report released this month by the United Nations Office on Drugs and Crime (UNODC).
There are a number of best practices that those participating in global FCPA investigations should understand, noted Charles Duross, Deputy Chief of the FCPA Unit in the Criminal Division of the Department of Justice (DOJ). They must set realistic expectations; know what to look for and have solutions to get the evidence; respect the sovereignty of other nations; and give credit for corporate remediation efforts.
Emphasizing the United States’ worldwide leadership in combating foreign bribery, James M. Cole, deputy attorney general at the Department of Justice, addressed the participants at the American Conference Institute’s FCPA conference on Tuesday in National Harbor, Maryland.
The U.S. District Court for the Southern District of New York has authorized the IRS to issue summonses requiring five banks to produce records relating to the U.S. accounts they hold at certain institutions located abroad. The goal is to identify taxpayers who are trying to hide money overseas as a way to avoid federal taxes, the DOJ said Tuesday.