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
FCPA Blog-sponsor AlixPartners teamed with Dentons to survey multinational companies about their current and future business objectives in Africa.
The survey aimed to better understand whether companies perceived Africa to be an attractive investment destination, given the continent’s legacy of corruption and political instability.… Continue Reading
But Laurence Cockcroft leaves math and wonkiness behind (no small feat for an economist) and delivers a great narrative.… Continue Reading
Countries rich in natural resources are often corrupt, or so it seems.
Yesterday we looked at the top oil producing nations.
George Terwilliger — formerly of the DOJ and now in private practice — had some wise words about decisions to launch internal investigations. His article in law.com included this tightly packed and well-mannered exhortation:
… Continue Reading
Most corporate decision-makers do not have the experience necessary to anticipate the judgments and proclivities of enforcement officials.
The last time we had a serious discussion about the U.K.’s Serious Fraud Office was to report its thrashing in June 2008 by a former American prosecutor. Jessica de Grazia, who’d been an assistant district attorney in Manhattan for 13 years, was hired by the U.K.’s… Continue Reading