Tag: anti-corruption

Very Pleased to Meet You: Market Rates for Introducers in Asia-Pacific

Posted by Wendy Wysong - September 25, 2018

Mitigating the Risk Posed by Introducers Wendy Wysong and associates at Clifford Chance write on the rise in prominence of “introducers” in Asia-Pacific countries and explain how the use of introducers can expose the organization to corruption risk. The team also discusses several recent cases that have resulted in fines…

Colombia Ramps Up Enforcement of Transnational Bribery Law

Posted by Matteson Ellis - September 6, 2018

How “Supersociedades” is Doing in Battling Corruption Matteson Ellis summarizes developments with respect to Colombia’s Superintendent for Corporate Entities (Supersociedades). Numerous investigations are underway, sanctions have been levelled and the country’s leaders are speaking out in no uncertain terms to condemn wrongdoing. Recent announcements in Colombia indicate that the country…

AlixPartners Survey: Corruption Risk Around the World

Posted by Corporate Compliance Insights - August 9, 2018

Corruption risk is alive and well in China and Latin America and growing in Russia, Africa and Middle East; international regulatory cooperation is making an impact NEW YORK (August 9, 2018) – AlixPartners, the global consulting firm, today released its 6th annual Global Anti-corruption survey which focuses on the challenges…

Your Asia-Pacific Anti-Corruption Rundown

Posted by Wendy Wysong - July 31, 2018

New Developments Across the Region Clifford Chance’s anti-corruption specialists in Asia-Pacific surveyed recent developments in five jurisdictions. Here’s what you need to know. with co-authors Kirsten Scott, Lei Shi, Peter Coney and Janice Goh The big picture: Singapore and Australia test drive Deferred Prosecution Agreements (DPAs). Japan and China issue…

Steering the Sales Strategy Toward Compliance

Posted by Valerie Charles - July 24, 2018

Why Teaching Compliance Isn’t Sufficient Sales teams live and die on incentives. And there’s nothing wrong with that per se, but consider what’s at risk when incentives push sales reps in the wrong way. Valerie Charles, Chief Strategy Officer at GAN Integrity, examines the compliance challenges organizations face in encouraging…

The Danger of Rumors of Bribery and Corruption

Posted by Marc Tasse - July 6, 2018

The Actual and Potential Impacts of Allegations Corporate boards may be due for a rude awakening; they’d be well-advised to assess the harm allegations of corruption and other unethical conduct can do to their company’s share price, including its market capitalization. Corporate directors and officers are under three general legal…

The Economic Costs of Corruption

Posted by Thomas Fox - November 30, 2017

In a truly extraordinary article in the New York Times (NYT), columnist Thomas L. Freidman opened the article on his interview with Crown Prince Mohammed bin Salman (MBS) with the following, “I never thought I’d live long enough to write this sentence: The most significant reform process underway anywhere in the…

The Potential Pitfalls of Anti-Bribery and Corruption Compliance

Posted by Charles Thomas - November 7, 2017

Because ABC compliance is driven by enforcement as opposed to regulation, gaps may only become visible when an incident occurs, and by then, it’s too late. If a corporation can prove to the regulator they’ve done everything in their power to prevent corruption, and any bribes were the actions of…

What Do Basketball Recruiting and Procurement Fraud Have in Common?

Posted by Gary W. Patterson - November 1, 2017

Procurement fraud and basketball recruiting may be in two completely different arenas, but there are crossovers between them that would surprise you. The reward vs. the risk of the choices made can alter everything. 

The Trump Effect on FCPA Enforcement

Posted by Warren Hamel - October 24, 2017

As U.S. Enforcement Lags, International Attention to Domestic Corruption Takes a Front Seat Despite assurances from senior DOJ officials that the U.S. would maintain robust enforcement of the FCPA, enforcement has waned in the first eight months of the Trump presidency, with the DOJ and SEC combined announcing only four…

TRACE Podcast: Imprisoned in China

Posted by TRACE International - October 4, 2017

Alexandra interviews Peter Humphrey today. He and his Chinese-American wife were well-respected compliance professionals active in China when they were arrested, tried and imprisoned for two years. Peter tells the story of his practice, ChinaWhys, which conducted American-style FCPA investigations, rooting out corruption, and how he came to be unjustly…

Escalating the ABC Fight in Asia-Pacific

Posted by Wendy Wysong - September 22, 2017

The Region Ramps Up Efforts to Combat Bribery and Corruption Countries across the region are redoubling their efforts to combat bribery and corruption through a mixture of enhanced laws and increased corporate prosecutions. This article provides a short overview of the situation in several key jurisdictions. with co-authors Tatsuhiko Kamiyama,…