Airbus SE paid $4 billion (€3.6 billion) to settle global bribery and trade charges with French, UK, and U.S. authorities Friday after an eight-year investigation triggered by a British whistleblower.… Continue Reading
London-based TechnipFMC plc said in an SEC filing Wednesday that it has set aside $280 million for a settlement of bribery-related offenses with authorities in the United States, Brazil, and France.… Continue Reading
E-government to business (G2B) such as e-procurement, e-tax filing and e-sourcing are often cited as being useful to reduce interface between companies and government officials and thus the scope for discretionary decisions, thereby diminishing the opportunities for bribery.… Continue Reading
One of the world’s biggest gold miners said in a securities filing Wednesday it is investigating some business activities in countries outside the United States.
Colorado-based Newmont Mining said the investigation includes a review of compliance with the requirements of the Foreign Corrupt Practices Act.… Continue Reading
Kinross Gold Corp. said in a statement Friday that it is under investigation for corruption in West Africa by the U.S. Securities and Exchange Commission and the Justice Department.… Continue Reading
Smith and Ouzman Ltd and two of its executives were convicted Monday in London’s Southwark Crown Court after a Serious Fraud Office prosecution of corrupt payments to win business for the company.… Continue Reading
Ghana has rewritten some of the agreements it uses with oil and gas companies, requiring them to certify compliance with the FCPA, the Bribery Act, and the OECD anti-bribery convention.… Continue Reading
After analyzing almost 400 cases over 13 years, the World Bank reports that only 3.3 percent of $6 billion in fines have been shared with developing countries whose officials accepted bribes.… Continue Reading
The UK Serious Fraud Office charged a specialty printing company and four individuals, including the firm’s former chairman, with paying more than £400,000 in bribes in Africa.
Smith & Ouzman Limited, two of its directors, an employee, and an agent were charged under the Section 1 Prevention of Corruption Act 1906, the SFO said.… Continue Reading