It comes as no surprise that the authorities appear to have caught up with Mossack Fonseca’s founders, Jürgen Mossack and Ramon Fonseca, in Panama City and the firm’s offices raided.
As noted in my previous post, BOTA has been cited by several major newspapers in recent months as the most successful example that the United States has for accountable, transparent and effective return of recovered corruption assets, and in its final report on the foundation, the World Bank called BOTA “a remarkable achievement.”
A former director of a Florida-based telecommunications company who allegedly bribed officials in Haiti was arrested in February and made an initial court appearance in Miami.
A Texas-based sales agent for an aviation business was sentenced in February to a year and a day in federal prison for a plot to bribe Mexican officials in exchange for airplane maintenance contracts.
Location: Washington, DC
Maybe. Canada has had a tax whistleblower program for four years, the Offshore Tax Informant Program (OTIP).
Typically when there's a large corporate legal violation or other incident which damages the reputation of the organization, one of the key factors is the failure of the Board to engage in active oversight. However, when such an event occurs, there are multiple levels of responsibility.
China recently released a revised draft of amendments to its law governing commercial bribery that would scale back some of the more far-reaching changes in a draft released last year while returning to a broader scope of commercial bribery.
Claims management company Crawford & Company said in its annual report that the Securities and Exchange Commission has finished its FCPA investigation and won't bring an enforcement action against the company.
Consider a salesperson that has reached his bonus cap three months before fiscal year-end. Any achievement after that is not only unrewarded, but is actually penalized in the sense of creating higher future performance expectations and targets.
Brazil's Petrobras has approved settlements with four U.S. investors related to an ongoing corruption investigation.