Pete from DC, a compliance professional who's always been a good friend of the FCPA Blog, sent this comment to our post about Indonesia's cash-based economy. The post said in the country of 240 million people, a large majority don't have bank accounts, and even some big businesses rely entirely on cash.
Entries in Indonesia (106)
Wikileaks Tuesday released what it said is "an unprecedented Australian censorship order concerning a multi-million dollar corruption case explicitly naming the current and past heads of state of Indonesia, Malaysia and Vietnam, their relatives and other senior officials."
Smith & Wesson Holding Corporation agreed Monday in an out-of-court settlement with the Securities and Exchange Commission to pay $2 million to resolve Foreign Corrupt Practices Act offenses.
A former senior executive of a subsidiary of Alstom SA, the French power and transportation company, pleaded guilty Thursday to conspiracy to violate the FCPA.
Indonesia loses $4 billion every year due to poor procurement practices in the public sector, the Jakarta Globe reported Wednesday, citing a recent study by consultanting firm A.T. Kearney.
Rudi Rubiandini, the former head of Indonesia’s upstream oil and gas regulator SKKMigas, was sentenced to seven years in jail Tuesday for taking more than $1.5 million in bribes.
Former Bandung mayor Dada Rosada was sentenced Monday to ten years in prison for bribing judges to acquit city officials on trial for stealing millions in social aid funds.
Indonesia's Corruption Eradication Commission (KPK) Tuesday named the director of the Home Affairs Ministry as a suspect in an investigation into corruption in the nation’s e-KTP (electronic identity) card program.
I write from the International Anti-Corruption Academy conference in Vienna, Austria, where many speakers have remarked how much the world has changed in the past few years.