Chicago-based spirits maker Beam Suntory Inc. agreed Tuesday to pay the DOJ $19.6 million to resolve Foreign Corrupt Practices Act charges for improper payments by its Indian subsidiary.… Continue Reading
I had a simple (and unoriginal) thought years ago that has helped me understand why compliance can be so difficult. My thought was that people will do whatever they’re paid to do.… Continue Reading
Last week produced the clearest evidence yet that global companies are shifting production away from China. Kearny’s annual Reshoring Index showed a “dramatic reversal” in the amount of manufactured goods U.S.… Continue Reading
India is currently in a 21-day national lockdown, which has impaired the ability of compliance professionals in carrying out investigations. While we are all trying to balance work and life practicing social distancing, whistleblower hotlines have been buzzing.… Continue Reading
While we all deal with challenging new work environments as a response to the Covid-19 outbreak, the values of every company are being tested. Corporations need to drive strong cultural messages to enable all stakeholders to uphold the company values.… Continue Reading
Millions of documents leaked from a corporate services firm with a posh London address are helping journalists unmask owners of secret offshore companies and the alleged criminal activities of some of those owners.… Continue Reading
A new report recently published by The Ethics and Compliance Initiative (ECI), the 2019 Global Business Ethics Survey, addresses the state of E&C programs across ten countries — USA, Brazil, UK, Spain, France, Italy, Germany, Russia, India, and China.… Continue Reading
Walmart Inc. agreed Thursday to pay the DOJ and SEC $282 million to settle allegations that it violated the Foreign Corrupt Practices by paying an intermediary in Brazil for help obtaining construction permits and having weak anti-corruption internal controls in Brazil, China, India, and Mexico.… Continue Reading
Uber Technologies, Inc. said Thursday the U.S. Department of Justice is investigating possible FCPA violations related to its activity in Asia.
According to Uber’s S-1 filing, the DOJ is investigating potential bribes in countries including Indonesia, Malaysia, China, and India. … Continue Reading
With the recent release of Transparency International’s Corruption Perceptions Index for 2018, this is a good time to assess India’s anti-corruption performance in recent years.
In 2018 India rose by three places to 78 on the list of 180 countries, while China ranked 87 and Pakistan 117.… Continue Reading
Cognizant Technology Solutions Corporation agreed to pay $25 million to settle FCPA charges with the SEC, and two of the company’s former executives were charged Friday by the DOJ for paying bribes to an Indian government official.… Continue Reading