Last year, we saw more enforcement actions brought against individuals than ever (up to 34, depending on how you’re counting), and a record number of convictions secured after trial (three). The cost of violating the FCPA continued to skyrocket.… Continue Reading
In this era of heightened FCPA enforcement, it is easy to assume that a red flag signals the end of a relationship with a business intermediary. By my count, 11 of the last 17 FCPA enforcement actions involved bribes funneled to foreign officials through third parties.… Continue Reading
Microsoft Corporation paid the DOJ and SEC $25.3 million Monday to settle FCPA offenses related to its operations in Hungary, Saudi Arabia, Thailand, and Turkey.
A Microsoft subsidiary in Hungary called Microsoft Magyarorszag Kft.… Continue Reading
The Wall Street Journal reported Thursday that the DOJ and SEC are investigating potential bribery and corruption involving the sale of Microsoft products in Hungary.
Microsoft said in a statement to the Journal that it “moved quickly to investigate itself after it became aware of ‘potential wrongdoing’ at its Hungarian operations in 2014.”… Continue Reading
According to the Edelman Trust Barometer, the United States suffered a “Trust Crash” in the past year, reflecting a 37 point loss of trust in four institutions (government, business, media, and NGOs), more than any of the other countries surveyed.… Continue Reading
An aspect of ISO 37001 that makes it such a big topic is that it is marketed as a standard that can be audited and certified.
Last week CPA Global, an IP technology leader, became one of the first companies to obtain ISO 37001-Anti-Bribery Management Systems certification.
CPA Global achieved this recognition following a multi-country, multi-day audit by independent auditors with in-depth anti-bribery expertise.… Continue Reading
Wal-Mart’s Executive Vice President and Global Chief Ethics and Compliance Officer told the Thomson Reuters Financial and Risk Summit that his company is seeking ISO 37001 certification.
“We have begun looking for a company that would certify us,” Jay Jorgensen, said on May 3.… Continue Reading
The ISO 9001 Quality Management System has been a spectacular success, with over 1.3 million organizations certified around the world since the standard’s 1987 introduction.
We believe the ISO 37001 Anti-Bribery Management Systems may enjoy similar widespread worldwide acceptance.… Continue Reading