It is not an overstatement to say that a new era on anticorruption and compliance cooperation and coordination efforts has begun with the announcement of the United States-Mexico-Canada Trade Agreement or USMCA, which is set to replace NAFTA as soon as it is signed in late November of 2018 and subsequently ratified in 2019.… Continue Reading
Transparency International just updated its Exporting Corruption Evaluation for 2018, the first update since 2015.
It assesses enforcement of the OECD Anti-Bribery Convention by reviewing the 44 countries that are signatories of the convention and account for 65 percent of world exports, and more than 75 percent of total foreign direct investment outflows.… Continue Reading
Mexico held a groundbreaking presidential election on July 1 in which Andres Manuel López Obrador, the leader of a wide ranging coalition called the National Regeneration Movement, swept to victory with 53 percent of the votes.… Continue Reading
Only yesterday they were pimply FCPA nerds. But a strange thing happened. They morphed into the cool kids.
Today’s compliance officers are famous and wanted.
Here’s some evidence.
Mexico is just weeks away from a groundbreaking election on July 1. The election has profound implications for the fate of the existing National Anticorruption System.
The country will elect its president, the entire congress (500) and senate (128), as well as state governor elections (9), and thousands of municipal and state congress seats.… Continue Reading
The 2026 FIFA World Cup vote already reflects the significant steps FIFA has taken to reduce corruption. Will it now follow the International Olympic Committee example and take the next step?… Continue Reading
In the next few weeks suppliers and contractors of PEMEX, Mexico’s state owned oil company, will be required to submit information on the existence and state of their compliance programs.
Many of the regional and local companies working with PEMEX could have difficulty meeting this new requirement and will have to undertake significant efforts to continue working with the Mexican oil giant.… Continue Reading
The U.S. unit of Netherlands-based Rabobank pleaded guilty Wednesday to a felony conspiracy for concealing defects in its anti-money laundering program and obstructing a federal investigation.
Rabobank National Association based in Roseville, California will forfeit $368.7… Continue Reading
The new standards — the Business Principles for Promoting Integrity in the Pharmaceutical Sector (“Pharma Integrity Principles“) — are a first step in an ambitious multi-stakeholder initiative to establish a uniform baseline for integrity practices across the region.… Continue Reading
The owner and president of a Texas aviation company was sentenced to 18 months in prison Thursday for helping to bribe officials in Mexico.
Douglas Ray, 55, of Magnolia, Texas was also ordered to pay $590,000 in restitution when he appeared in federal court in Houston.… Continue Reading
The SEC Wednesday charged Texas-based medical device maker Orthofix International with violating the Foreign Corrupt Practices Act when its subsidiary in Brazil made improper payments to doctors at government-owned hospitals to increase sales.… Continue Reading