The World Bank Monday announced the debarment of a consulting company and its president for using secret inside information to win a bid, and failing to disclose a conflict of interest on another bid.… Continue Reading
A retired Navy Captain who served as the U.S. Naval Attaché to the Philippines was sentenced Friday to 41 months in prison for helping a foreign defense contractor avoid vessel and cargo inspections by using diplomatic cover.… 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 former chief compliance officer of a registered broker-dealer in Woodbury, New York was sentenced to six months in prison for stealing money from overseas investors who thought they were investing in Dell, Berkshire Hathaway, and BlackRock.… Continue Reading
A retired Navy Captain who served as the U.S. Naval Attaché to the Philippines pleaded guilty Tuesday for helping a Singapore-based defense contractor avoid vessel and cargo inspections by using diplomatic cover.… Continue Reading
Louis Berger International Inc., a New Jersey-based construction management company, admitted violating the Foreign Corrupt Practices Act and agreed to pay a $17.1 million criminal penalty.
The company said it bribed foreign officials in India, Indonesia, Vietnam, and Kuwait to win construction management contracts. … Continue Reading
The Department of Justice filed a civil forfeiture complaint Tuesday to recover $12.5 million in U.S. assets linked to a massive disaster relief fraud orchestrated by a prominent Philippines businesswoman who’s now serving life in prison.… Continue Reading
A British man was sentenced to two-and-a-half years in prison Monday after he pleaded guilty to conspiracy to take bribes in connection with purchasing decisions for energy and infrastructure projects in Egypt, Russia, and Singapore.… Continue Reading
A civilian formerly working for the U.S. Navy as a contracting supervisor in Asia was arrested Tuesday in connection with the huge bribery scandal involving Singapore-based contractor Glenn Defense Marine Asia (GDMA).… Continue Reading
Many business organizations today, despite decades of research and findings to the contrary, don’t understand the benefits of emotional intelligence (the soft skills). They don’t get it that when leaders connect better with employees, and employees connect better with each other, there are big performance and ethical improvements.… Continue Reading
Last year, 17,958 people were killed in terrorist attacks, 61% more than the previous year. More than 80% of all deaths from terrorist attacks occurred in five of the world’s most corrupt countries — Iraq, Afghanistan, Pakistan, Nigeria, and Syria.… Continue Reading