We see it every year: A new edition of a corruption ranking is released, and the first thing people ask is which countries have moved up or down in ranking. It is common knowledge among compliance officers that a country’s position on such an index is just a starting point for a thorough corruption risk assessment, but there is still a danger that nuances will get lost in the high-level presentation of the data.… Continue Reading
Compliance professionals have many factors to consider when assessing the bribery risk of their companies’ proposed investments or engagements globally. Industries have different dynamics, companies have different business models, and business partners and intermediaries have different relationships and backgrounds.… Continue Reading
Employer: TRACE International
Location: Annapolis, Maryland USA
Job Description: Reporting to the Director, Compliance Training & Accreditation, the Training Systems Specialist provides support to both Online Training and Accreditation.… Continue Reading
We at TRACE have written extensively about our concern that Article 10 of the new EU General Data Protection Regulation (GDPR) presents an obstacle to anti-bribery due diligence of third parties, which is a necessary component of any corporate compliance program under the FCPA and other transnational anti-corruption laws (here, here, here, and here).… Continue Reading
Brad Gates (“Is third party due diligence a commodity?”) and Scott Shaffer (“Due diligence will always be a human skill”) make interesting points and both are right. While automation can be useful, human judgment is indispensable. … Continue Reading
During the first calendar quarter of 2018, there was a dramatic increase in enforcement actions globally involving allegations of bribery against heads of state. What’s behind the increase?
A report from TRACE International last month showed that 30 countries conducted 266 bribery investigations of foreign officials, while 82 countries conducted 218 bribery investigations of domestic officials.… Continue Reading
We hear a lot about training fatigue. Communicating in an engaging way across a range of compliance topics can clutter employees’ inboxes and become a check-the-box exercise. How can companies keep employees engaged?… Continue Reading
Compliance professionals — broadly defined — are a generous and collaborative group. Most recognize that the world is large, financial crime is rampant, and we’re better at our jobs when we share information about schemes and benchmark solutions.… Continue Reading
Last week, TRACE held its 13th Forum at the St. Regis Hotel in Washington, D.C. Over 100 member companies contributed to a lively and extended exchange of best practices across the two-day event.… Continue Reading
Per diems. We in the FCPA bar love to hate them, and with good reason. Who likes the idea of giving cash to foreign officials? If there’s anything that should rankle the anti-corruption specialist, this is it. … Continue Reading
The Unaoil story first published by The Age and Huffington Post on March 30, and supplemented yesterday with another chapter, has it all. There are code names, huge dollar amounts and intrigue. … Continue Reading
We’re very excited to share some big news with you: TRAC and ethiXbase have teamed up to provide the world’s most advanced vendor compliance solution.
TRAC (TRACE Reviewed Access Code) is the first global platform that captures, assesses and shares baseline due diligence information across the supply chain, and assigns a universal ID number (TRAC Number) to all approved applicants.… Continue Reading