A report released Wednesday by Transparency International Canada recommends the government consider adopting legislation to create a deferred prosecution agreement scheme as a way to increase transparency and promote compliance.… 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
In-house counsel, compliance officers and the external counsel who support them are trained to be risk averse when it comes to anti-corruption and other types of compliance, and with good reason.… Continue Reading
For only the second time in FCPA history, the DOJ Monday made a public announcement that it wouldn’t prosecute a company that cooperated in building a case against a former officer.… Continue Reading
The BOTA Foundation was able to take the $115 million from the corruption case associated with James GIffen and use it effectively and efficiently to assist more than 200,000 poor children, youth and their families in Kazakhstan.
Created in 2009 based on an agreement by the governments of the U.S., Switzerland and Kazakhstan (brokered by the World Bank), BOTA to date is the only such foundation to emerge from a FCPA prosecution.
The question is: will the BOTA case be unique?… Continue Reading
The background of BOTA Foundation was explored in previous posts. Starting with this post I would like to explain what BOTA actually did in its five and a half years of operation.… Continue Reading
BOTA was the first foundation ever established as a result of an FCPA case, and the question explored in this post is how it was set up.… Continue Reading
The BOTA Foundation explained (Part Five): The roles of the U.S., Switzerland, and the World Bank in BOTA’s creation
In the case of BOTA, it took four to tango: the governments of Kazakhstan, the United States, Switzerland and the World Bank.… Continue Reading