During most interviews, I’m asked this question or something like it: More companies than ever have compliance programs. Yet huge scandals keep making headlines. What gives?
To be fair, there’s plenty of evidence that compliance has failed: Volkswagen cheated on diesel emissions tests.… Continue Reading
When I started blogging in 2014, there was little discussion about how issues like financial pressures and “micro-cultures” could impact decision making that can lead us astray.
Now, though, the OECD has published an engaging work, Behavioral Insights for Public Integrity, Harnessing the Human Factor to Counter Corruption, focusing on the interaction between policy making and integrity.… Continue Reading
On May 9 the DOJ announced a new policy concerning the coordination of penalties imposed by more than one regulator or law enforcement authority in corporate resolutions.
This new policy (pdf) against “piling on” requires DOJ attorneys to “coordinate with one another to avoid the unnecessary imposition of duplicative fines, penalties, and/or forfeiture against [a] company,” and further instructs DOJ personnel to “endeavor, as appropriate, to .… Continue Reading
Singapore is the latest country to introduce legislation creating a deferred prosecution agreement (DPA) framework for scheduled crimes, potentially including corruption. The Singaporean parliament approved the new law in March as part of a wider package of reforms in the Criminal Justice Reform Act.… Continue Reading
In 2017, Brazil played a big role in global anti-corruption enforcement. During the year, the largest leniency agreement in Brazil’s history was signed, and the second largest was ratified by the Brazilian courts.… Continue Reading
A top Singapore official told parliament Monday that Keppel employees are still being investigated by Singapore’s Corrupt Practices Investigation Bureau and could face criminal charges.
Senior Minister of State for Finance and Law Indranee Rajah said “the Public Prosecutor will determine whether to prosecute them after investigations are completed,”according to a report from Singapore’s Mediacorp.… Continue Reading
Keppel Offshore & Marine acted against 17 former or current employees for their roles in the Brazil bribery scandal the company resolved in December for $422 million.… Continue Reading
The former lawyer at Keppel Offshore & Marine whose FCPA guilty plea was unsealed last week was an American citizen who worked at the company in Singapore for more than 25 years.… Continue Reading