Libyan President Moammar Gadhafi at a state visit in 2008

Recent FCPA Cases: Lessons for Compliance Personnel

Posted by - October 17, 2018
Historic Corruption and Its Modern-Day Impacts Anne Eberhardt, CFE, CAMS and Senior Director at Gavin/Solmonese, discusses two notable cases involving corruption, bribery and consequent violations of the Foreign Corrupt Practices Act. Each offers instruction for compliance practitioners. This autumn we are commemorating two significant anniversaries: the 10-year anniversary of the…
exterior of Petrobras building

Petrobras Closes Out “Massive” Corruption Investigations and Litigation

Posted by - October 4, 2018
Resulting Settlements and Remedial Measures Brazilian oil and gas giant Petrobras has entered into a series of settlements in closing out corruption investigations and litigation. For a long period of time, corruption was endemic at the corporation (the DOJ estimates illegally generated funds for payments as at least $2 billion),…
businessman holding stack of bills

The Costs of Corruption in the Public Sector

Posted by - July 30, 2018
When the Public Loses Faith Corruption in government is nothing new. And it’s not limited to nations and governments that are developing or are on already shaky ground due to civil discord or poverty. The issue is how we, as a world community, combat it. Because not only does corruption…
hand holding up red card in soccer stadium

TRACE Podcast: FIFA’s Red Card

Posted by - June 27, 2018
Ken Bensinger discusses his fascinating book, “Red Card,” and the decades of misconduct by FIFA eventually uncovered by the FBI. We play “violation bingo” as Ken describes the bribery, self-dealing, conflicts of interest and money laundering that were business as usual at FIFA.  
beneficial ownership

Identifying and Verifying Ultimate Beneficial Owners

Posted by - April 19, 2018
Getting the Full Picture, Fast Comprehensively identifying and verifying corporate hierarchies and ultimate beneficial owners (UBOs) has become increasingly important since the implementation of 4MLD and MLR2017. However, achieving this view is time-consuming, and most organisations struggle to uncover the full picture. In this article, Paul Charmatz, Managing Director at encompass…
façade outside Odebrecht building in Sao Paulo

10 Lessons from Operation Car Wash

Posted by - April 3, 2018
The State of Corruption Risk in Latin America The biggest-ever corruption and bribery investigation in Latin America has seen scores of business leaders and politicians end up in prison. So riveting is the story that it’s now been dramatized into a series and streamed on Netflix. Andy Webb-Vidal explains the…
person accepting bribe in a handshake

A Small Change for Asia-Pacific

Posted by - March 27, 2018
Little Movement in Latest Transparency International Rankings Transparency International published its 2017 Corruption Perceptions Index (CPI) on February 21, 2018, showing modest improvements for most countries in Asia-Pacific. Some higher-risk countries, however, continue their downward slide in the overall rankings. We’ve included the Asia Pacific countries below and the full…
closeup of judge striking gavel

What Is the Current State of Anti-Bribery and Corruption Prosecution?

Posted by - March 23, 2018
Trump and the FCPA Instances of global corruption pepper our newspapers and news feeds. Closer to home, allegations of corruption have taken center stage in the American political landscape, and President Trump has been openly critical of the Foreign Corrupt Practices Act, leaving many in the compliance field to wonder…
concept of the world at war

Are We Winning the Battle Against Bribery and Corruption?

Posted by - February 8, 2018
with co-authors Paul Nash and Arturo del Castillo A Region-by-Region Analysis Organizations around the world are increasingly facing a diverse range of fraud-, cyber- and security-related challenges across a variety of sectors. The 10th edition of the Kroll Global Fraud & Risk Report (The Kroll Report) found that as compliance professionals…
bribery

What Global Corruption Scandals Can Teach Us

Posted by - January 10, 2018
Businesses are coming under increased scrutiny, to ensure that their domestic and foreign operations comply with anti-corruption and anti-bribery legislation. The risk of investigation has never been greater and the reputational risk, given the current media interest in these sorts of scandals, will increasingly be a consideration for companies especially…
woman’s hand offering small gift

Keeping Score of FIFA’s Corruption, Compliance and Efforts for Reform, Part 2

Posted by - October 10, 2017
Read Part 1. Changing the Game Plan In late June, FIFA, the world’s governing soccer organization, released the “Garcia Report,” chronicling the extensive corruption and conflicts of interest that occurred in FIFA’s awarding of the men’s 2018 and 2022 World Cup venues. Part 1 summarized the report’s findings. Part 2…