The UN Convention Against Corruption (UNCAC), ratified in 2005, endorsed the post-colonial idea of independent anti-corruption agencies as a best practice to fight graft at the country level. Today, around 60 countries have at least one independent anti-corruption agency.… Continue Reading
Posts Tagged: Philippines
As Jason Deegan’s post for the FCPA Blog recently reminded us, Transparency International’s Corruption Perceptions Index (CPI) rarely points to major changes from year to year. However, a closer analysis of ratings since 2012 – the year when TI adopted its current methodology for the CPI – may be more revealing.… Continue Reading
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