The international business community wins when companies across supply and marketing chains work to the same high standards. There is less risk and more predictability, which promotes confidence among business partners. Benchmarking among peers and establishing and sharing model language and best practices all help to ensure that companies set their sights on a reasonable common denominator for compliance.
Entries in UK Bribery Act (38)
Heads up: The six-month anniversary in your new position will arrive in a flash.
Many individuals, non-profits, and corporations actively support charitable causes around the world. The need to support worthwhile charitable projects in many developing markets is particularly acute due to local needs, the lack of government funding, and the lack of an adequately developed infrastructure.
Two former executives of a UK company that supplies technology-based products to the metals industry were charged Thursday with bribery and corruption.
The first negotiated settlement of a corporate bribery investigation under the UK Bribery Act involved a deferred prosecution agreement between the Serious Fraud Office and ICBC Standard Bank. That case is a turning point in the enforcement history of the UK Bribery Act and, at a global level, it fuels the debate about the use of settlements to resolve foreign bribery charges.
Corporate compliance enthusiasts have one more item on their To Do list this winter: be sure to review and comment on ISO 37001, the draft standard for anti-bribery management systems.
Regular readers of the FCPA Blog know we're a big fan of Indonesia's Corruption Eradication Commission (KPK).
Book Review: Tom Fox’s Doing Compliance: Design, Create, and Implement an Effective Anti-Corruption Compliance Program
Compliance must be thorough, systematic, and highly attentive to detail. But no one ever said it had to be boring. And Tom Fox has proven this yet again. His Doing Compliance provides the most sophisticated and comprehensive compliance guidance available, with a delivery that is witty, lively, and even entertaining.
Even the most ardent Francophile, as I most assuredly am, must be dismayed by France’s abysmal record of bribery prosecutions. Recent OECD Anti-Bribery Convention Working Group reports reveal France’s inexorable zero. While France has contributed significantly to the global anti-corruption regime through its part in seizing Obiang family assets as well as referring evidence in the KBR cases to the U.S., nevertheless when it comes to prosecuting its own French based multinationals, France is failing.
A reader this week wrote:
Dear FCPA Blog,
I am just curious if Scotland splits off from the UK what are the implications for the FCPA and the UK Bribery Act? After all, it’s not every day a new nation is formed.