Posts Tagged: OECD Convention on Combating Bribery of Foreign Public Officials
Dr. Klaus Moosmayer is the Chief Compliance Officer of Siemens AG (Image courtesy of Siemens)There is still the (dangerous) myth — especially in media and sometimes at enforcement agencies — that compliance has failed when a company reports acts of misconduct.… Continue Reading
Following the acts of war in Paris this weekend, as the sirens continue ringing in the city, it becomes even more obvious that the Member States can no longer throw rocks at the European Union while thinking they can recreate internal borders and live in quasi-autarky.… Continue Reading
KPMG International recently released the results of its global anti-bribery and corruption survey in the report, Anti-Bribery and Corruption: Rising to the challenge in the age of globalization.
The report (available here in pdf) amplifies the growing bribery and corruption risks that third parties present and the challenges companies face in monitoring these intermediaries.… Continue Reading
Transparency International’s 2015 Exporting Corruption report indicates that about half of the OECD antibribery convention countries have failed to prosecute any foreign bribery cases since 1999.
Nine countries with 12.6 percent of world exports have only limited enforcement, and twenty countries with 20.5 percent of world exports have little or no enforcement.… Continue Reading
Does the prohibition on facilitating payments correlate with higher levels of corruption? A question revisited
In a prior post on the FCPA Blog, we observed a pattern that surprised ourselves and many others: signatories to the OECD Convention that allow facilitating payments have a significantly better average ranking on the Corruption Perceptions Index than those countries that prohibit them. … Continue Reading
The death toll following the huge explosions and chemical fires at the storage center in Tianjin port in China last week has now exceeded 100, including dozens of fire fighters, and hundreds more seriously injured.… Continue Reading
Put 30 anti-corruption professionals from diverse countries in an academic classroom for three days, and the human mind goes to new places. Here’s a question that arose during my recent stint at the International Anti-Corruption Academy which we asked but could not answer.… Continue Reading
We learned Friday that Beijing will host the 2022 Winter Olympics, and that Boston withdrew from the 2024 race. From a corruption standpoint, there’s a lot going on here.
China’s selection completes a fascinating ten-year stretch: 2014 (Russia), 2016 (Brazil), 2018 (South Korea), 2020 (Japan), 2022 (China).… Continue Reading
The OECD Working Group on Bribery said last week it has “serious concerns” about Iceland’s lack of progress fighting bribery of foreign public officials and implementing the OECD anti-bribery convention.
“In 2010, the Working Group made 17 recommendations to Iceland for improving its fight against foreign bribery.… Continue Reading
The OECD just released a foreign bribery report that analyzes more than 400 cases worldwide involving companies or individuals from the 41 signatory countries to the OECD Anti-Bribery Convention who were involved in bribing foreign public officials.… Continue Reading