Search

Editors

Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Elizabeth K. Spahn Editor Emeritus

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor


FCPA Blog Daily News

Entries in Trace International (18)

Wednesday
Apr182018

Pia Vining on due diligence: Automation is useful but human judgment is indispensable

Brad Gates (“Is third party due diligence a commodity?”) and Scott Shaffer (“Due diligence will always be a human skill”) make interesting points and both are right.  While automation can be useful, human judgment is indispensable. 

Click to read more ...

Wednesday
Apr042018

Selva Ozelli: Why are heads of state facing more enforcement actions?

During the first calendar quarter of 2018, there was a dramatic increase in enforcement actions globally involving allegations of bribery against heads of state. What's behind the increase?

Click to read more ...

Tuesday
Feb062018

Anne-Marie Zell: Ban the boring and host a compliance event

We hear a lot about training fatigue. Communicating in an engaging way across a range of compliance topics can clutter employees’ inboxes and become a check-the-box exercise. How can companies keep employees engaged?

Click to read more ...

Wednesday
Nov012017

Resource Alert: TRACE launches ‘Bribe, Swindle or Steal’ podcast

Compliance professionals -- broadly defined -- are a generous and collaborative group. Most recognize that the world is large, financial crime is rampant, and we’re better at our jobs when we share information about schemes and benchmark solutions.

Click to read more ...

Tuesday
Apr042017

Alexandra Wrage: Compliance and Enforcement Trends from the 2017 TRACE Forum

Last week, TRACE held its 13th Forum at the St. Regis Hotel in Washington, D.C. Over 100 member companies contributed to a lively and extended exchange of best practices across the two-day event.

Click to read more ...

Tuesday
Apr122016

Bill Steinman: Let's talk about per diems, without the shouting

Per diems. We in the FCPA bar love to hate them, and with good reason. Who likes the idea of giving cash to foreign officials? If there’s anything that should rankle the anti-corruption specialist, this is it. 

Click to read more ...

Tuesday
Apr122016

Alexandra Wrage on Unaoil: The importance -- and limitations -- of due diligence

The Unaoil story first published by The Age and Huffington Post on March 30, and supplemented yesterday with another chapter, has it all. There are code names, huge dollar amounts and intrigue. 

Click to read more ...

Tuesday
Jan152013

Announcing TRAC + ethiXbase

Dear Friends,

We're very excited to share some big news with you: TRAC and ethiXbase have teamed up to provide the world’s most advanced vendor compliance solution.

Click to read more ...

Friday
Nov232012

ethiXbase launches employee certification system

Our team has analyzed every known FCPA investigation and enforcement action to create a market-leading automated system built to meet or exceed all government compliance standards and requirements. 

Click to read more ...

Wednesday
Dec212011

With Compliance, More Isn't Always Better

Alexandra Wrage is the founder and president of TRACE International, a non-profit anti-corruption organization.

Click to read more ...

Friday
Feb042011

The Compliance Professionals

TRACE said this week it's starting a certification program for antibribery speacialists.

Click to read more ...

Tuesday
Jun222010

The Compliance World Series

Holding countries publicly accountable for antibribery enforcement is a key to global compliance. Measuring performance inning by inning and posting the results on the scoreboard tells each government where it stands. And it tells the citizens of each country what their leaders are doing to fight global graft.

Last week we talked about Trace's contribution to the compliance scoreboard with its first-ever Global Enforcement Report -- a remarkable summary of "all known international anti-bribery enforcement actions since the FCPA’s passage some 33 years ago."

This week there's more good news. The OECD's Working Group on Bribery has just published enforcement data from 37 of its 38 members that measures  enforcement activity. It includes "criminal, administrative and civil cases of foreign bribery that have resulted in a final disposition, such as a criminal conviction or acquittal, or similar findings under an administrative or civil procedure." The numbers go back to 1999, the year the OECD's Antibribery Convention came into force.

The highlights: One hundred forty-eight individuals and 77 entities were sanctioned under criminal proceedings for foreign bribery in 13 Parties (member countries) between 1999 and the end of 2009. At least 40 of the sanctioned individuals were sentenced to prison. Combined fines of up to €1.24 billion have been imposed on companies sanctioned for foreign bribery. About 280 investigations are ongoing in 21 Parties to the Antibribery Convention.

The low-lights: Germany records the most acquittals in enforcement actions with 24. Japan, the world's second largest economy, reported eight enforcement actions during the 10 years from 1999, and France, the world's fifth largest economy, reported one. (Hungary, with about the world's 70th biggest economy, reported 27 enforcement actions).

The Working Group's enforcement data can be downloaded from the OECD's site here.