Blog

Blog

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...

Global Tips from Prague
May 21 2009

“TRACE works with partner law firms in 94 countries. These firms maintain local law materials, available on-line, and provide support for our workshops and other initiatives.
Every second year, experts from these partner firms gather to...

Cost-Effective Anti-Bribery Compliance Strategies:  Training Tip #1
May 19 2009

“A comprehensive approach to training far-flung employees can be daunting in terms of both time and expense. And yet, reaching these employees with a strong message and giving them a chance to ask questions relevant to their markets is critically...

Cost-Effective Compliance Strategies:  Rolling-out Responsibility
May 16 2009

“Assuming your company is sending the right message from the top, the next challenge is ensuring ownership beyond headquarters. How can anti-bribery compliance be made relevant to managers in the field? We have two suggestions.
One compelling...

Defining "Tone at the Top"
May 14 2009

“We'll post the second in our cost-effective compliance series tomorrow, --addressing how anti-bribery compliance can be made relevant to managers in the field. But first, I wanted to post the best description of “tone at the top” that I’ve heard to...



    Good morning, ladies and gentlemen. I am delighted to start the second panel this morning of the Council on Foreign Relations workshop on the intersection of corruption and U.S. national interests. Today I will be leading the second panel, which is going to deal...
    Recent News Feed 4/6/2017 Read More
    Last week, TRACE held its 13th Forum at the St. Regis Hotel in Washington, D.C. Over 100 member companies contributed to a lively and extended exchange of best practices across the two-day event.
    Interestingly, for the first time, men and women were represented in...
    Recent News Feed 4/4/2017 Read More
    After years of struggling with excess capacity and tight profit margins, the breakbulk industry facesa tough competitive climate. In these circumstances, one needs to be careful about any temptation to cut corners. Given the industry’s global characterand high degree...
    Recent News Feed 4/3/2017 Read More
    US government officials have said that when assessing company culture as part of an FCPA investigation, they are looking for much more than just “tone at the top.”
    To read the full article, click here.
    Recent News Feed 3/30/2017 Read More
    A current trend in compliance training is gamification, or adding gaming elements to training modules, to encourage learning and engagement. You don’t have to overhaul your entire training program in order to participate in this trend. Below are three ways to...
    Recent News Feed 3/29/2017 Read More
    On March 7 and 8, General Dynamics, joined by TRACE International and the Romanian Chamber of Commerce and Industry, found 150 participants eager to hear about business ethics in Romania, which has been swept by anti-corruption protests in recent months.
    To read the...
    Recent News Feed 3/28/2017 Read More
    A nova “lista do Janot”, derivada das delações premiadas dos executivos da Odebrecht, além de deixar os políticos com as barbas de molho, também deve reforçar uma recente distinção adquirida pelo Brasil: a...
    Recent News Feed 3/23/2017 Read More
    Foreign companies should always maintain close contacts with their local embassies should they need assistance in avoiding extortionate demands. Trade commissions, chambers of commerce and local business councils also may offer support in this domain.
    To read the full...
    Recent News Feed 3/23/2017 Read More
    It is a formula as old as business itself – the bribe, the backhander that greases the wheels of commerce. Rolls-Royce has recently learned to its great cost, however, that nowadays it is also a ticket to massive fines and reputational damage.
    As Brexit...
    Recent News Feed 3/21/2017 Read More
    Corruption-based allegations can be crippling for any company. Compliance in this area of the law is of particular importance to companies who regularly use international consultants and sales representatives, commonly referred to as “intermediaries,” to develop...
    Recent News Feed 3/15/2017 Read More
    These dinner dates aren’t like handing over briefcases filled with money. But it’s an issue, Wrage says, that keeps executives up at night worrying about the consequences of possible wrongdoing.
    How times have changed since November 2001, when Wrage founded...
    Recent News Feed 3/15/2017 Read More
    Anti-bribery enforcement actions increased dramatically on a global scale over the past year, with the extractive industry facing the brunt of that activity.
    Those are just a couple of findings from the 2016 Global Enforcement Report (GER) conducted by anti-bribery...
    Recent News Feed 3/14/2017 Read More
    Heydar Aliyev Prospekti, a broad avenue in Baku, the capital of Azerbaijan, connects the airport to the city. The road is meant to highlight Baku’s recent modernization, and it is lined with sleek new buildings. The Heydar Aliyev Center, an undulating wave of concrete...
    Recent News Feed 3/13/2017 Read More
    The Foreign Corrupt Practices Act is the jewel in the crown of America’s fight against international business bribes and corporate favors. Intended to promote American business and foreign-policy ideals around the world, and give US companies a tool to battle...
    Recent News Feed 3/13/2017 Read More
    Frauen spielen an der Spitze von Sportorganisationen allenfalls eine kleine Rolle. Dabei würde ihre Präsenz den Verbänden mehr als gut tun, sagt Alexandra Wrage von Trace International. Allerdings aus anderen Gründen als man denkt.
    To read the full...
    Recent News Feed 3/7/2017 Read More
    TRACE International has published its latest review of global anti-corruption enforcement, touting a dramatic increase in enforcement last year, led by U.S. authorities.
    Enforcement activity essentially doubled last year, according to the organization’s annual...
    Recent News Feed 3/3/2017 Read More
    Known as an attractive manufacturing hub for labour-intensive and less capital-intensive industries, Vietnam provides trade and investment opportunities for Canadian companies in several sectors including aerospace, agriculture and agri-food, construction and...
    Recent News Feed 3/2/2017 Read More
    Donald Trump has reiterated his promise to reform banking regulation in a meeting with 50 business leaders in Washington this week.Trump told a room of top execs that he still plans to go ahead with overhauling Dodd-Frank – the act brought into existence during the...
    Recent News Feed 3/2/2017 Read More
    Global enforcement actions from bribery charges increased dramatically last year, according to a report released today by TRACE International, an anti-bribery organization.
    To read the full article, click here.
    Recent News Feed 3/2/2017 Read More
    The U.K.’s Serious Fraud Office is reluctant to provide information to investigators in […]
    To read the full article, click here.
    Recent News Feed 3/2/2017 Read More
    A new report by TRACE International finds that enforcement actions against bribing government officials are rising globally. In its 2016 Global Enforcement Report, the anti-bribery organization observes a doubling in US enforcements last year and non-US actions doubled...
    Recent News Feed 3/2/2017 Read More
    TRACE’s annualGlobal Enforcement Report(GER) provides graphic and textual analyses of all known enforcement events (including investigations as well as enforcement actions*) since the first bribery cases were prosecuted in the United States following the enactment of...
    Recent News Feed 3/2/2017 Read More
    There was a sharp rise in both US and non-US foreign bribery enforcement actions in 2016, according to a newly released report by Trace International.
    To read the full article, click here.
    Recent News Feed 3/2/2017 Read More