I received an order for almost $1 million of grenades from a Caribbean Island -- as I recall, it was Antigua. You don’t need to be an auditor to know that doesn’t look right.
Entries in Transparency International (97)
The French bill for Transparency and Modernization of Economic Life, which, among other things, aims at preventing foreign bribery and intensifying the fight against it, has been the subject of much speculation during the past few months.
The OECD is hosting an Anti-Bribery Ministerial meeting Wednesday (March 16) to discuss how to strengthen implementation of its Anti-Bribery Convention. One of the issues on the table for discussion is how to encourage voluntary disclosure by companies of wrongdoing and how settlements can be used to do that.
The just released Transparency International Middle East & North Africa, Government Defense Anti-Corruption Index is exhaustive and thorough, and from my experience well represents the real-world risk which exists in the region.
The DOJ has unveiled new guidance to federal prosecutors about bringing criminal cases against individuals in instances of corporate wrongdoing.
Does the prohibition on facilitating payments correlate with higher levels of corruption? A question revisited
In a prior post on the FCPA Blog, we observed a pattern that surprised ourselves and many others: signatories to the OECD Convention that allow facilitating payments have a significantly better average ranking on the Corruption Perceptions Index than those countries that prohibit them.
This month, Transparency International published its survey of the UK’s AML enforcement and confiscation systems, particularly in relation to Financial Action Task Force (FATF) defined “grand corruption” (bribe-taking or kickbacks, extortion, self-dealing, conflicts of interest, and embezzlement from the national treasuries).
Kuwait's Social Affairs and Labor Ministry issued a decree on May 7 that dissolved the board of the independent Kuwaiti Transparency Society (KTS).
Transparency International recently published its first analysis of corporate transparency, measuring the amount and quality of corporate disclosure by the world’s largest 120 enterprises. The results? Not a single U.S. company made the top ten most transparent companies (yet surprisingly one made the bottom ten: Warren Buffet’s Berkshire Hathaway). Six of the top ten companies were European, including Spain’s Banco Santander, coming in at number five.