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Corporate Responsibility in the Absence of the SEC’s Resource Extraction Disclosure Rules
February 7 2017

“Last Friday, President Trump signed an executive order mandating a broad review of financial regulations in light of seven “core principles,” thereby laying the groundwork for an anticipated rollback of at least some portion of...

Compendium Roundup: January 2017
February 1 2017

“This month, a number of enforcement actions were announced, with General Cable Corporation, Mondelēz International, Inc., Zimmer Biomet Holdings, Inc. and Orthofix International N.V. all settling allegations byU.S. Department of Justice...

Profiles in Kleptocracy – The Obiang Family
January 31 2017

“Inside a Paris mansion worth almost US $180 million, you could find a hair salon, two gyms, a cinema and a Turkish bath. The bathrooms had gold- and jewel-encrusted taps. The furniture in the mansion was worth at least US $50 million, and the art...

January 2017 Quiz: Are You Up-to-Date on This Month’s Anti-Corruption News?
January 30 2017

“There were many developments this month in the world of anti-bribery compliance. Are you up-to-date on the latest news? Take our quiz below to find out. Better yet, share with your compliance teammates and see how your compliance chops stack up!...

Protection of Whistleblowers in Rwanda
January 24 2017

“Compliance Champion Spotlight
What is a Compliance Champion? A Compliance Champion is an individual or organization committed to fostering and raising the standards of anti-bribery compliance. TRACE Trends will include posts featuring...

Turning over a new leaf or getting lost in the weeds? News from the English country garden
January 17 2017

“As the New Year ushers in its perennial resolutions and new leaves are turned over left and right, the close of 2016 saw the UK’s Serious Fraud Office confirm that its investigation into Soma Oil & Gas Holdings Ltd had not borne fruit. In...

Government Officials in Israel
January 10 2017

“Chaim Gelfand is a Partner at Shibolet and Co. and head of its Anticorruption Compliance Practice— one of the first dedicated anticorruption compliance practices in any of Israel's first tier law firms. Chaim has been dealing with...

Indonesia: An Increasing Focus on Corruption Involving Private Companies
January 3 2017

“Today’s guest blog post is written by Richard Cornwallis and Ryan Budihardjo at Makarim & Taira S. (M&T), TRACE’s Partner Firm in Indonesia. M&T is one of Indonesia’s leading business law firms offering a full range of...

Anthropological Reflections: When Does a Gift Become a Bribe?
December 27 2016

“For many people, the holidays—a time of tradition and generosity—also represent a short respite from their day-to-day work and business obligations. That makes it an appropriate season to step back and think about the relation between...

Sweden Prepares for New Non-financial (and Anti-corruption) Reporting Rules
December 20 2016

“Compliance Champion Spotlight
What is a Compliance Champion? A Compliance Champion is an individual or organization committed to fostering and raising the standards of anti-bribery compliance. TRACE Trends will include posts featuring...



    The International Organization for Standardization (“ISO”) recently published ISO 37001, the first international anti-bribery management system standard. ISO, a Swiss-based international organization, is well known for issuing widely-used business process...
    Recent News Feed 1/13/2017 Read More
    For all of the benefits international trade can bring—profit, stability, development, peace—it can also serve as a channel for humanity’s worst impulses. This happens, for example, when the legitimate apparatus of trade is hijacked for personal gain by...
    Recent News Feed 1/12/2017 Read More
    Previous comments on anti-bribery enforcement endorsed by Jay Clayton, chosen by President-elect to lead the Securities and Exchange Commission, have stirred up speculation about whether he might change the U.S. approach once in office. But greater worldwide anti-bribery...
    Recent News Feed 1/9/2017 Read More
    Chief compliance and risk officers have a newly published resource by which to assess the level of business-related bribery risk in the countries where they operate.
    To read the full article, click here.
    Recent News Feed 1/4/2017 Read More
    LEGISLATORS are tightening their grip on widespread bribery and corruption in the air transport industry, writes Thelma Etim.
    In a recent case, the United States Department of Justice (DoJ) has successfully prosecuted four American businessmen and two Mexican...
    Recent News Feed 12/28/2016 Read More
    Of the myriad laws imperiled by Donald Trump's election, few keep lawyers busier than the Foreign Corrupt Practices Act. For more than a dozen years, since the Sarbanes-Oxley Act ramped up disclosure and the U.S. Department of Justice staffed up its fraud section, the U.S....
    Recent News Feed 12/16/2016 Read More
    In a recently released report, TRACE International, an international anti-bribery business association, ranked 199 countries based on the risk of encountering bribery within the country’s public sector.
    To read the full article, click here.
    Recent News Feed 12/16/2016 Read More
    CUSTOMS departments and other government agencies are often the most corrupt, abused and fraudulent parts of the entire air cargo and logistics supply chain, hard-hitting reports reveal.
    Paper-based Customs operations, along with other government agencies located at...
    Recent News Feed 12/13/2016 Read More
    Le canal de Suez est l’un des lieux les plus emblématiques du jeu de pouvoir qui se déroule discrètement entre les armateurs de la marine marchande et les autorités portuaires. Ces dernières demandent des “gifts” aux...
    Recent News Feed 12/12/2016 Read More
    Bribery is on the rise across the globe, according to TRACE International, an anti-bribery compliance solutions company. On Dec. 1, it published a study it produced in conjunction with the RAND Corporation that ranks 199 countries based on their overall risk for graft. Both...
    Recent News Feed 12/6/2016 Read More
    The outlook for global bribery is becoming increasingly polarized, owing to several new countries deemed “very low risk,” and a rising number of nation states falling into the “very high risk,” categories, according to a new report.
    To read the...
    Recent News Feed 12/6/2016 Read More
    Last week during the FCPA conference in Washington, Trace published its 2016 update to its Trace Matrix. Trace says that “The TRACE Matrix® measures business bribery risk in 199 countries. The overall country risk score is a combined and weighted score of four...
    Recent News Feed 12/6/2016 Read More
    Corruption, black money and bribery is increasing with each passing day. These evils are considered as a hindrance on the growth of world economy and they lay the foundations of other social evils like human trafficking, drug smuggling and terrorism activities.
    To read...
    Recent News Feed 12/3/2016 Read More
    Doing business in Estonia, and to a lesser extent in Russia, now poses a lower risk of Foreign Corrupt Practices Act liability than two years ago, an anti-bribery group has reported.
    To read the full article, click here.
    Recent News Feed 12/2/2016 Read More
    Business compliance group Trace International on Thursday released the second edition of its own anti-bribery index, which it says will help companies conduct risk assessments, and it found Syria as the biggest decliner in the index. The index, known as the Trace Matrix,...
    Recent News Feed 12/1/2016 Read More
    Corruption, graft, and palm-greasing are a real and growing drag on the global economy — and they open the door to a host of evils like drug smuggling and human trafficking. Bribes to the tune of about $1.5 trillion change hands every year, according to the...
    Recent News Feed 12/1/2016 Read More
    A new study into the risks faced by businesses across the world has found that the threat of bribery is polarizing. Since 2014, more states are categorised as ‘extremely low risk’, but the number of ‘extremely high risk’ countries has also grown...
    Recent News Feed 12/1/2016 Read More
    The study, which was released this year by TRACE International, rated Trinidad and Tobago at a worrying 134 out of 199 countries, which puts the country with an overall risk score of 67 percent.
    The study looked at Business Interactions withtheGovernment,Anti-bribery...
    Recent News Feed 12/1/2016 Read More
    1 December 2016: In today’s news, a former McDermott Will & Emery lawyer, Michael Kendall, says prosecutors in Brooklyn drew incorrect inferences from his testimony on a privilege agreement tied to the Fifa corruption case, and Trace International finds that...
    Recent News Feed 12/1/2016 Read More
    The World Economic Forum (WEF) defines corruption as “the abuse of entrusted power for private gain”, describing it as the single greatest obstacle to economic and social development around the world.” It says estimates show that the cost of corruption...
    Recent News Feed 11/30/2016 Read More
    Nigeria, Angola and Yemen are the countries with the highest risk of bribery, according to a report released today from the anti-bribery group TRACE International.
    To read the full article, click here.
    Recent News Feed 11/30/2016 Read More
    Many countries, including the United States, have specific laws on conducting business with foreign government officials that may come into play in any given export sales or other international transaction. The US Foreign Corrupt Practices Act (“FCPA”) includes...
    Recent News Feed 11/28/2016 Read More
    Anti-bribery organisation TRACE International (TRACE) andRightShip have partnered to launch a new service aimed at reducing charterers' risk to the effects of corruption, including various types of bunker fraud.
    To read the full article, clickhere.
    Recent News Feed 11/23/2016 Read More
    When it has comes to knowing what a robust anti-bribery compliance (ABC) programme should look like, advice is never hard to come by. Each year, new guidance is released by enforcement agencies, like the UK's Serious Fraud Office (SFO). intergovernmental organisations, like...
    Recent News Feed 11/18/2016 Read More
    TRACE International, an anti-bribery organisation, is partnering with vetting firm RightShip, to support anti-bribery compliance in the maritime industry through TRACEcertification of vessel owners.
    To read the full article, clickhere.
    Recent News Feed 11/17/2016 Read More
    Anti-bribery organization TRACE Internationaland RightShip, a provider of online maritime safety and environmental risk management system, have partnered up to support anti-bribery compliance in the maritime industry through TRACEcertification of vessel owners.
    To read...
    Recent News Feed 11/17/2016 Read More
    It’s been a month since ISO 37001 was published and there are some questions we have heard percolating in the compliance world about what this means. These are the questions we’ve been hearing the most...
    To read the full article, clickhere.
    Recent News Feed 11/17/2016 Read More
    Freight and logistics companies need to do more to reduce their bribery and corruption risks, with the freight sector especially exposed in its dealings with customs officials at ports and border crossings.
    To read the full article, clickhere.
    Recent News Feed 11/16/2016 Read More
    HLPFI reported in July 2015 that TRACE and RightShip had collaborated to develop a compliance rating for vessel owners.The new partnership aims to support compliance in the shipping industry through TRACEcertification of vessel owners, which involves a due diligence review,...
    Recent News Feed 11/16/2016 Read More
    Enforcement of the U.S. law against foreign bribery, considered a hallmark in the global fight against corruption, may drop during the Trump administration, some experts said. Others disagreed, however, saying it was too early to tell or that the new administration may want...
    Recent News Feed 11/11/2016 Read More
    The explosion of corruption scandals in Argentina, Brazil and even Chile, involving the upper echelons of the political establishment and emblematic businesses, has raised fresh questions about the interaction of the private and public sectors a time when the three...
    Recent News Feed 11/4/2016 Read More