Andy Spalding asked in a post on the FCPA Blog why countries that allow facilitating payments seem to have lower levels of corruption? He didn't find a definitive answer. But I want to offer my own explanation of why countries that permit facilitating payments might have a better record than those that do not.
Entries in Bribery Act (8)
Minnesota-based Image Sensing Systems said the DOJ has "closed its inquiry" into potential Foreign Corrupt Practices Act violations and the SEC has also closed its investigation.
At a bribery and compliance confab last week in London, the SFO's Alun Milford hit the reset button for the UK Bribery Act, warning that his law enforcement agency will start acting like . . . . a law enforcement agency.
Three men charged under the U.K. Bribery Act will appear in a London court Monday.
Two years after the Bribery Act 2010 came into force, the hysteria surrounding the Act has abated. There are fewer media pundits pronouncing the end of UK plc as we know it and there are fewer newly invented “legal experts” opining on an area they knew little or nothing about but which they saw as a potential earner to fill the gaping hole left by declining litigation and commercial transactions.
In my last post, I suggested that we really ought to define corruption. Though UNCAC declines to do so, others have taken up the challenge. We have two definitions in wide circulation today, but I'd argue that neither serves us well.
An oil and gas driller based in Scotland has agreed to pay £5.6 million in a civil settlement after it self reported overseas bribes to win business.