As we approach the anniversary of the Financial Conduct Authority’s first published set of aggregated results, it’s a good time to review what that means for risk managers across the UK and Europe.… Continue Reading
I’m from Kosovo. It’s one of Europe’s smallest countries — about half the size of Vermont — and its newest, having emerged from war as an independent state in 2008.
Since then, and after a decade of focusing on anti-corruption enforcement, Kosovo and its 1.8… Continue Reading
David Bligh’s recent post for the FCPA Blog asked a provocative question: Did the Corruption Perceptions Index correlate with World Cup fouls?
To answer this question, he did a linear regression analysis with the average number of fouls committed by each team that participated in the last World Cup versus the ranking obtained by those countries in Transparency International’s 2017 Corruption Perceptions Index.… Continue Reading
Watching this year’s World Cup over the last few weeks, I wondered: how does the perceived corruption of the participating countries relate, if at all, to the number of fouls committed by their respective teams?… Continue Reading
Assuming OFAC someday lifts the trade sanctions, and business between American companies and North Korea becomes legally possible, what does the initial due diligence look like?
No country in the world raises more red flags.… Continue Reading
We’ve all heard the question before: Does corruption work as grease in the wheels or as sand?
The debate had its origin in Nathaniel H. Leff’s paper from 1964 “Economic Development Through Bureaucratic Corruption,” and was soon popularized by Samuel Huntington in his 1968 book Political Order in Changing Societies.… Continue Reading
It’s typical for issuers to warn about corruption risks in Russia and China, and parts of Africa. But Hong Kong?
So, does Legacy Education Alliance Inc. know something the rest of us don’t?… Continue Reading
New Zealand, ranked the least corrupt country in the world, has cancelled hundreds of drivers licenses after an investigation revealed widespread bribery involving driving tests.
Three officials at the New Zealand Transport Agency (NZTA) allegedly took bribes from 350 drivers.… Continue Reading
Writing from 2018, it seems rather unnecessary to keep opening academic articles on corruption by introducing the reader to its social, political, and economic significance—the phenomenon is today so ingrained in popular scholarly thought that there is hardly an individual who needs to be convinced about the position of society at large in regards to public and private malfeasance.… Continue Reading
Any company doing business abroad is going to face corruption risk. Businesses have a responsibility to know where those risks are and to decide how to confront them.
One response is simply not to do business in high-risk countries.… Continue Reading
FCPA investigations and enforcement actions can deeply damage companies of all sizes. Issuers — those filing periodic reports to the SEC — warn investors constantly about the risks that corruption can cause.… Continue Reading