Blog

Blog

Facilitating Payments:  The Tipping Myth
June 29 2009

“Facilitating payments are often explained away as a humane response to the low wages of the government officials who expect or demand them. “How,” some businessmen ask, “can these requests be refused when an official making just $20 or $30 a month...

Making Due Diligence Palatable
June 23 2009

“When conducting anti-bribery training for TRACE member companies, the most common question we hear is: how can companies persuade commercial intermediaries to participate in due diligence reviews? This is a concern for all companies, but especially...

Corruption in Russian Higher Education: Careening Out of Control
June 17 2009

“Nadejda Sledneva, a TRACE Due Diligence Manager, was raised in Russia and continues to follow bribery trends there. Nadejda contributed this blog entry on a subject of growing concern to Russian families and employers.
* * *
While...

Cost-Effective Anti-Bribery Compliance Strategies: Training Tip #2
June 15 2009

“Those conducting anti-bribery training often worry that they aren’t speaking to their audiences’ real concerns. They fear that employees will sit politely through two or three hours of training annually, convinced that the person presenting...

Black Money:  Stabilizing India’s Housing Market?
June 11 2009

“Anne Richardson, Director of Member Services at TRACE, is in New Delhi this week and reports that a hot topic at meetings with business leaders there is the relative stability of the Indian real estate market vis-à-vis the chaotic American housing...

Corruption in the Arbitral Process
June 8 2009

“There has been a lively debate in compliance circles for some time about how best to address potentially overlapping areas of risk: corruption, money-laundering, sanctions, export violations, data privacy. This can be particularly problematic when...

Negotiat* AND Extort*
June 3 2009

“Regular guest blogger, Bruce Horowitz, spends a lot of time thinking about bribe demands. Unlike many of us, however, he focuses on those who navigate transactions without bribes—those who deviate positively from the local custom—rather than...

From Golf Bags to Million Dollar Bribes: Evolution of Foreign Bribery Prosecution in Japan
June 1 2009

“We’ve been hearing that pressure by the OECD on Japanese prosecutors to pick up the pace of anti-bribery enforcement in that country may be beginning to bear fruit. Yas Fuke and Ted Paradise of Davis Polk & Wardwell’s Tokyo office describe...

Voluntary Disclosure in the UK?   More Clarity Promised Soon
May 28 2009

“Earlier this year, we tried to get the Serious Fraud Office to provide greater clarity on the benefits, if any, that would flow to companies in the UK for voluntarily disclosing anti-bribery payments.
This was the impenetrable response from the...

Anti-Bribery Enforcement in Estonia:  An Equivocal Process
May 27 2009

“Tallinn was abuzz about bribery this week. Perhaps that’s overstating things, but at meetings there yesterday, people were keen to discuss the prosecution and conviction of former Environment Minister, Villu Reiljan.
Just last week, Reiljan was...