Eight companies disclose new FCPA investigations
Harry Cassin
August 24, 2021
So far in 2021, eight companies, all from different industries, have disclosed new FCPA investigations.… Continue Reading
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Posts Tagged: Ukraine
World Bank debars China power company for fraud
Harry Cassin
May 6, 2020
The World Bank debarred a Chinese electrical equipment company Wednesday for 20 months for fraud involving a power project in Zambia.… Continue Reading
Will Ukraine’s new whistleblower law punish innocent corporations?
Olga Vorozhbyt and Artem Krykun-Trush
January 20, 2020
In October 2019, the Parliament of Ukraine introduced amendments to the existing Anti-Corruption Law. These amendments — known as the “Whistleblowers Law” — brought fundamental protections for those who report on corruption in Ukraine.… Continue Reading
Ukraine adds whistleblower awards (and protections) with new amendments
Maryna Kavaleuskaya
December 10, 2019
Since the Euromaidan Revolution of 2014 that led to a change of the Ukrainian government, Ukraine has been pursuing large-scale anti-corruption reforms. The country has reformed its police force, created several anti-corruption agencies, and established the Anti-Corruption Court.… Continue Reading
Ukraine businesses learn to Plan-Do-Check-Act
Tetiana Kheruvimova
August 13, 2019
In early July, I was part of a panel at an international anti-corruption conference in Ukraine organized by the Kyiv School of Economics and the European Bank for Reconstruction and Development.… Continue Reading
In Europe, freezing assets can violate human rights
Todd Carney
July 22, 2019
The European Court of Justice ruled on July 11 in Klyuyev v Council that the Council of the European Union acted improperly in extending the freeze on the assets of the former President of Ukraine, Viktor Yanukovych, his son and several members of Yanukovych’s administration.… Continue Reading
Ukraine business network adopts certification based on ISO 37001 standard
Ganna Gerasymchuk
April 12, 2019
Although Ukraine still ranks a lowly 120 out of 180 on Transparency International’s Corruption Perceptions Index, more local businesses are making the choice to operate transparently and compliantly.
A vivid illustration of their anti-corruption stance is the Ukrainian Network for Integrity and Compliance (UNIC), which today unites 56 companies that employ more than 102,000 people from 53 cities of Ukraine.… Continue Reading
Ukraine dashes hopes by abandoning corruption law
Martin Kenney
March 29, 2019
The news that Ukraine’s Constitutional Court (UCC) has abolished a law designed to prevent government officials from benefiting from corrupt practices, effectively waves a white flag at those who see public service as a means to line their own pockets.… Continue Reading
Free-to-access Ukraine PEP database could become the new model
Tetiana Shevchuk
December 12, 2018
Identification of foreign PEPs can be a nightmare for financial institutions and other service providers. It is hard to do proper customer due diligence due to the lack of official lists of PEPs and publicly accessible reliable information about their assets.… Continue Reading
‘Dead’ Ukrainian found living in $5.3 million French castle
Harry Cassin
October 19, 2018
Police in France arrested a Ukrainian citizen who allegedly faked his death as part of an intricate and large-scale corruption scheme.
French police said the unnamed man, arrested on October 5, was a “high-profile” Ukrainian.… Continue Reading
Ukraine court gives prosecutors access to anti-graft reporter’s phone records
Richard L. Cassin
September 7, 2018
Natalya Sedletska of RFE/RLA Ukrainian court ruled that authorities should have access to the cellphone data of an investigative reporter working on stories about anti-corruption investigations.
The court in Kyiv granted the prosecutor-general’s request to allow investigators to obtain information covering a 17-month period from mobile service providers about calls to and from Natalya Sedletska.… Continue Reading
American lawyer considered for Ukraine anti-corruption post
Richard L. Cassin
June 13, 2018
Tom Firestone (Image courtesy of Baker & McKenzie)Last week in Ukraine, the Rada (parliament) chose an auditor for the National Anti-Corruption Bureau. A surprising finalist in the selection process was an American lawyer.… Continue Reading