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FCPA Blog Daily News

Entries in Turkey (29)


Teradata FCPA investigation ends with double declination

Teradata Corporation said in an SEC filing Friday that the FCPA investigation into gifts and travel expenses at a subsidiary in Turkey has ended and the company won't face an enforcement action.

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Tom Fox: ‘What’s nationalist about corruption?’

Mehmet Hakan AtillaThat question was posed in a New York Times story about the start of the trial of Mehmet Hakan Atilla, which began Monday in New York City with jury selection. The case involves allegations money-laundering, corruption and evasion of Iranian sanctions by several Turkish individuals, government officials and banks in the country.

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Teradata discloses FCPA investigation

Teradata Corporation said in an SEC filing Friday that it discovered "questionable expenditures for travel, gifts and other expenses" at a subsidiary doing business in Turkey.

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Laureate Education probes $18 million donation to Turkish charity

The biggest operator of for-profit higher education schools is investigating an $18 million charitable donation in Turkey and whether some of the money was diverted to a government official.

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Compliance Alert: Enforcement hammer falls on real estate

Regulators charged with enforcing anti-corruption, anti-money laundering, and economic sanctions laws and regulations have turned new attention to the real estate industry, and investigations and enforcement efforts span the globe.

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Martin Kenney: How is ISIL oil reaching international markets?

In a post for the FCPA Blog, Ilya Zlatkin recently compared corrupt companies to white collar tomb raiders. He outlined how antiques and ancient artefacts circulate on the black market, and the excellent work of the FBI’s Art Crime Team in locating and returning those artefacts to their rightful owners.

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AML watch: The Egmont Group steps up enforcement against terrorist financing

The Egmont Group -- Financial Intelligence Units from 151 jurisdictions, with 19 other observer organizations -- issued its latest Communiqué from its meeting in Monaco last week, targeting terrorist financing.

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Field trip: Conducting preliminary market visits

In the e-book we wrote as a guide to navigating corruption challenges in emerging markets, we talk in one chapter about the particular risks companies face when they enter new markets.

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Bulgaria: ‘Imagine Al Capone as the mayor of Chicago’

Image courtesy of WikipediaDear FCPA Blog,

Thanks for the recent post about the arrests in Bulgaria of seven customs officials for taking bribes at a border crossing with Turkey. Fighting graft is a never-ending struggle, and everyone who stays on the alert deserves admiration.

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Seven Bulgaria customs officials arrested for taking bribes at Turkey border crossing

Seven customs officials have been charged with being part of an organized crime group that took bribes at the Lesovo border crossing in exchange for letting cars and trucks pass through without inspections.

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Turkey: A weak enforcement effort with no foreign bribery prosecutions

The recent political and anti-corruption machinations in Turkey must have provided an interesting and diplomatic challenge for the OECD’s Phase 3 examiners whose report was published last week.

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TI calls for greater transparency as Turkey holds its first direct presidential election

Voters in Turkey went to the polls on Sunday for their first direct presidential elections, following Transparency International's pressure on the presidential candidates to declare their assets publicly and make other disclosures.

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