The OECD is seeking to understand anti-corruption compliance measures adopted by international firms, whether large or small, to help understand why companies have adopted anti-corruption compliance systems and what types of anti-corruption measures they adopt.… Continue Reading
The chairman of the U.S. Securities and Exchange Commission, Jay Clayton, chose a speech in September to the Economic Club of New York to argue that when it comes to enforcement of anti-corruption laws, the United States is “acting largely alone.” He cited figures to back his stance and followed up by calling on other nations to follow the U.S.… Continue Reading
Imagine your house is on fire. In the front of the house, you have a fire department working tirelessly to put out the fire with water.… Continue Reading
The human rights and environmental risks that taint the supply chain of gold and other mining commodities will be no surprise to anyone who reads the newspapers.… Continue Reading
There are many factors that make international trade particularly vulnerable to corruption. This begs the question of what has been done to fight corruption, particularly by international organizations like the World Trade Organization (WTO), whose role is regulating international trade.… Continue Reading
In response to the OECD Working Group on Bribery’s (WGB) call for comments from stakeholders as part of its upcoming review of the 2009 OECD Anti-Bribery Recommendation, TRACE has submitted its overview of the significant challenges the new EU data protection legislation poses to corporate anti-bribery compliance programs.
Specifically, our submission describes in detail the ways in which the GDPR and other similar personal data protection laws create new significant liability risks for companies and add costly and time-consuming obligations when the companies carry out best-practice anti-bribery compliance processes.
Given that the GDPR is being considered by many countries as a model for implementing similar data protection laws in their jurisdictions, our submission calls on OECD members — most of which are member states of the EU and European Economic Area — to provide companies with detailed guidance on how the challenges posed by the GDPR to anti-bribery compliance programs may be resolved in practice.
We also suggest that the OECD should make a recommendation for member countries to subject their existing and pending personal data protection legislation to review and consultation by relevant government departments and other stakeholders regarding the impact of such legislation on anti-bribery compliance, incentivizing good corporate behavior, and on the countries’ international anti-bribery commitments.
Finally, countries should seek ways to harmonize their approaches to the equally important goals of fighting corruption and protecting personal data rights of individuals.… Continue Reading
The business community often complains during consultations with the OECD Working Group on Bribery that its focus on criminalizing the supply-side of foreign bribery creates an unbalanced approach to enforcement.… Continue Reading
The Organization for Economic Cooperation and Development published a list of “golden passport” schemes from 21 countries that are high risk and “required to be taken into account” during due diligence.… Continue Reading
The 2019 OECD Global Anti-Corruption & Integrity Forum will be taking place on March 20-21, 2019.
In the run up to the event, the OECD calls for research for quality conceptual papers, as well as for ideas for qualitative and quantitative empirical research papers focused on topics related to integrity and anti-corruption.… 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.… Continue Reading
For the last several years, academic attention has converged on questions of behavioral ethics, and the findings are robust and sophisticated.… Continue Reading
Corruption remains a number one concern of citizens across the world. People feel left out of the benefits of globalization and are increasingly disillusioned with the public institutions meant to protect them and their economic and social interests.… Continue Reading