Monday marked the beginning of a new phase in Israel’s fight against overseas graft. For the first time, a charging sheet was filed by the Tel Aviv District Prosecutor’s office against an Israeli company for violating Israel’s Bribery of Foreign Public Officials statutes.… Continue Reading
The OECD recently published a resources booklet for the fourth round of country monitoring under the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.
While the format of the evaluations will be seemingly the same as in the prior round, the content will have a more topical axis, the main purpose being to focus on three horizontal issues: detection of the foreign bribery offense, enforcement, and liability of legal persons.… Continue Reading
The OECD Working Group on Bribery has launched an on-line consultation on liability of legal persons/corporate liability.
The liability of legal persons is a key feature of the emerging legal infrastructure for the global economy.… Continue Reading
A basic design principle for sanctions regimes is that crime should not pay. Yet, the OECD has just released a simulation study showing that foreign bribery can be an attractive investment for companies in many jurisdictions.… Continue Reading
The French bill for Transparency and Modernization of Economic Life, which, among other things, aims at preventing foreign bribery and intensifying the fight against it, has been the subject of much speculation during the past few months.… Continue Reading
Murphy and Moschella to OECD: Use existing compliance and ethics program models to promote public integrity
We recently filed comments with the Organization for Economic Cooperation and Development’s (OECD) Council on Public Integrity, making suggestions on the Council’s draft Recommendation on Public Integrity.
The OECD is a forum where the governments of 34 democracies with market economies work to promote economic growth, prosperity, and sustainable development.… Continue Reading
The OECD is hosting an Anti-Bribery Ministerial meeting Wednesday (March 16) to discuss how to strengthen implementation of its Anti-Bribery Convention. One of the issues on the table for discussion is how to encourage voluntary disclosure by companies of wrongdoing and how settlements can be used to do that.… Continue Reading
The international sport community is going through a turbulent time that has nothing to do with the results of any club or national team.
Major corruption allegations and investigations in many sports including football, athletics, cricket and tennis have raised deep worldwide concerns and disappointment over sport governance, events organization, and integrity of competitions.… Continue Reading
I’ve described the significant progress Kazakhstan made in improving its international standing for economic attractiveness and the recognition that it received from the U.S. government for its reform.
For much of the past 15 years, Kazakhstan was deemed by many as having the best investment climate in the post-Soviet Commonwealth of Independence States (the CIS), being second only to Russia in its ability to attract foreign investment.… Continue Reading
You might not immediately spot the link between the deadly Tianjin explosion in China, the million-dollar La Linea scandal in Guatemala, and the investigations against the giant American company Walmart, all in 2015.… Continue Reading
After reading my earlier posts about privatization opportunities in Kazakhstan and the deterrent effect of the FCPA on American investment in that country, and Kazakh listings in the U.S., a reader asked whether it is difficult to do business in Kazakhstan in an FCPA-compliant manner.… Continue Reading
The 2016 OECD Integrity Forum, “Fighting the Hidden Tariff: Global Trade without Corruption,” will be held on April 19 – 20, 2016 at the OECD in Paris, France.… Continue Reading