A former executive of BP Singapore was charged Thursday with taking about $4.3 million in bribes from a local businessman.
Entries in Corruption Perceptions Index (52)
Donald Tsang, Hong Kong's Chief Executive between 2005 and 2012, was sentenced Wednesday to 20 months in prison.
In the 2016 Transparency International Corruption Perceptions Index released last week, Nordic countries again received the most favorable rankings. Yet, for the second year in a row, Transparency International’s website draws a negative example from the Nordics, citing a scandal involving members of the Danish parliament to illustrate corruption in European countries.
In the prior post I talked about enforcement efforts that lagged in the Netherlands but are now gaining more traction. This post will cover recent amendments to the Dutch Criminal Code that are helping authorities prosecute overseas bribery, and Dutch civil remedies used to fight graft.
Every year since since 2002, Reporters Without Borders has published the World Press Freedom Index.
At the World Economic Forum in Davos Thursday, Secretary of State John Kerry highlighted the links between corruption and unrest in countries including Libya, Yemen, Burundi, and Iraq.
After reading my earlier posts about privatization opportunities in Kazakhstan and the deterrent effect of the FCPA on American investment in that country, and Kazakh listings in the U.S., a reader asked whether it is difficult to do business in Kazakhstan in an FCPA-compliant manner. Unfortunately, I have to say, yes, sometimes."