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Julie DiMauro Executive Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Elizabeth K. Spahn Contributing Editor

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Michael Kuria Contributing Editor

Thomas Fox Contributing Editor

Philip Fitzgerald Contributing Editor

Marc Alain Bohn Contributing Editor

Michael Scher Contributing Editor

Bill Waite Contributing Editor

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Russell A. Stamets Contributing Editor

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Entries in World Bank (54)

Tuesday
Apr012014

Three TSKJ partners pay $17 million penalty to Africa Development Bank

Kellogg Brown & Root LLC, Technip S.A., and JGC Corp. agreed to pay $17 million in penalties in a settlement with the African Development Bank (ADB) for corrupt practices by affiliated companies in connection with contracts for liquefied natural gas production plants on Bonny Island, Nigeria from 1995 until 2004.

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Wednesday
Mar192014

Using technology to improve your compliance program (Part 2) 

This post is the second of two covering the importance of compliance professionals understanding the technology that drives their businesses and produces the data they need to manage risk. The first post is here.

Companies are usually aware of the benefits of leveraging big data to detect fraudulent activity, but often struggle with how to get started.

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Monday
Feb032014

More SNC-Lavalin execs face charges in ongoing corruption probe

The Royal Canadian Mounted Police in Montreal filed criminal charges against two former senior SNC-Lavalin executives on Friday.

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Thursday
Dec262013

A compliance officer's wish list

In the holiday spirit, here's a last glance back at 2013 and a look at how the compliance profession is doing.

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Tuesday
Dec032013

France creates a new anti-corruption office

Last October, the French government created the Central Office Against Corruption, Financial and Fiscal Offences. The Office is part of a broader reform project that aims to strengthen the fight against financial crimes in France. It was announced in April 2013 by President Hollande, after his Budget Minister admitted having an undeclared Swiss bank account for the past 20 years.

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Friday
Nov292013

World Bank: Developing nations denied bribery settlement money

After analyzing almost 400 cases over 13 years, the World Bank reports that only 3.3 percent of $6 billion in fines have been shared with developing countries whose officials accepted bribes.

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Tuesday
Nov262013

Just released: Anti-Corruption Ethics and Compliance Handbook for Business

The Anti-Corruption Ethics and Compliance Handbook for Business is ready, and its authors at the Organisation for Economic Co-operation and Development (OECD), The United Nations Office on Drugs and Crime (UNODC) and the World Bank hope it provides helpful guidance in the global effort to eradicate corrupt practices.

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Thursday
Nov212013

Graft still stunts global development, UN says

Developing countries are losing between $20 billion to $40 billion every year, making graft the greatest obstacle to economic and social development around the world, according to a report released this month by the United Nations Office on Drugs and Crime (UNODC).

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Friday
Nov012013

World Bank hosting event about high-seas piracy

Since 2005, over $400 million has been paid in ransoms to pirates who’ve hijacked ships in the Indian Ocean. The World Bank, INTERPOL, and the UN Office on Drugs and Crime have followed the money to find out who gets it, how it's distributed and moved, where it's invested, and how the illegal money flows can be stopped.

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Thursday
Oct312013

Does business-friendly mean unfriendly to graft? 

The International Finance Corporation and the World Bank released their new Doing Business Index this week. It's the 11th annual report measuring business regulations for local firms -- how easy or hard it is to do business in the countries surveyed. It focuses on small and medium-size companies operating in the largest business city of an economy.

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