Some would argue that not-for-profits have done their job after campaigning for the UK Bribery Act and France’s Loi Sapin II, and indeed for the OECD Anti-Bribery Convention, and should now leave compliance to others. … Continue Reading
Bill Steinman recently wrote a post for the FCPA Blog about compliance risks in offset obligations. I’d like to continue that discussion, this time with some information about international cooperation to clean up offset transactions, and how the U.S.… Continue Reading
The U.S. Senate voted in February to repeal an SEC rule that would have required oil and gas and mining companies to disclose each year all of their payments to foreign governments for exploration and production rights, permits, taxes, and other things.… Continue Reading
Driven by the complexity and international dimension of investigations, countries increasingly resort to settlements, rather than traditional justice, to solve foreign bribery allegations.
In 2014, the OECD reported that 69 percent of the cases successfully concluded by member countries since the adoption of the Anti-bribery Convention were resolved through a settlement.… Continue Reading
The B20 stands for “Business 20.” It is the voice of global business in the political discussions held by the Governments of the twenty, economically strongest developing and developed, countries, the “G20.”… Continue Reading
The Royal Canadian Mounted Police (RCMP) charged the head of a commercial aircraft company with conspiring to bribe military officials in Thailand. The alleged conspiracy is connected to a deal involving aircraft from the Thailand national airline.… Continue Reading
Last week 1,300 government ministers, civil society representatives and business leaders from OECD countries gathered in Paris to discuss the profound integrity and trust challenges facing the world today.
The OECD Integrity Forum has gained significant momentum over the last few years, as it becomes recognized as one of the few opportunities to tackle ethics and compliance issues from a multidisciplinary perspective.… Continue Reading
During parliamentary questions in December 2016, Amber Rudd, the Home Secretary, announced that “The Cabinet Office will look at the UK’s response to economic crime more broadly” including the role and effectiveness of the Serious Fraud Office.… Continue Reading
Argentina is experiencing a political and economic renaissance that’s drastically changing its business landscape. There’s a new focus on open markets, transparency and accountability in both the public and private sectors.… Continue Reading
Various systems and practices have been developed to nudge employees, tax payers or contractors towards ethical behavior, aided by hints and formats that seem similar to website pop-ups or software solutions.… Continue Reading
The OECD Working Group on Bribery has been setting global standards for fighting foreign bribery since the adoption of the Anti-Bribery Convention in 1997. Among these standards, the Convention requires Parties to establish systems of liability of legal persons and to provide that firms found guilty of foreign bribery are subject to “effective, proportionate and dissuasive” sanctions.… Continue Reading