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Friend or Foe?  Selecting a Compliance Monitor
February 5 2009

“Buried in the news of Siemens' staggering settlement with US authorities, was an important "first":  the DoJ permitted Siemens to retain a non-American compliance monitor.   Given the discomfort with continued oversight by teams of US lawyers, this...

And now a few predictions from the United Kingdom...
February 4 2009

“At an anti-corruption summit held in snow-dusted London yesterday, a spokesman for the UK government braved the weather to deliver predictions for that country's anti-bribery trends for 2009.
Fortunately, he did not predict 'more of the same'. ...

Simple Strategies
February 3 2009

“It has become increasingly common for companies to prohibit facilitating payments on the grounds that they’re expensive, risky and corrosive of good governance more generally. This leaves employees with clear guidance at the policy level, but few...

Enforcement Predictions from the SEC
February 2 2009

“The ABA’s Anti-Corruption Committee held a Brown Bag Lunch on January 30th:  FCPA Enforcement Under the Obama Administration? A Look Ahead…
 
Although understandably reluctant to predict how the Obama Administration might impact enforcement...

Bribery’s Broken Windows
January 30 2009

“Imagine the following scenario: A Greek diplomat arrives in Washington and finds that his furniture and household items have been held up in customs at the Port of Baltimore. The Greek official dispatches his driver with $300 and tells him to spread...

FCPA Enforcement:  Top Ten Trends for 2009
January 28 2009

“At an anti-corruption conference in Frankfurt yesterday, there were two candid and forthcoming enforcement panels.  The US Department of Justice and SEC, together with prosecutors from Germany, the United Kingdom, Jersey and Switzerland, opened with...

Entrepreneurial Government Officials
January 27 2009

“While companies like Halliburton announce (prematurely) half-billion dollar settlements of wild-eyed bribery schemes, most companies continue to wrestle with very real, but far more mundane compliance challenges.
Today’s challenge refers not to...

Driving Bribery Off the Books in Russia
January 23 2009

“Richard Dean, of Baker & McKenzie, TRACE's partner firm in Russia, Azerbaijan and Kazakhstan warns that a little learning can be a dangerous thing in the field of compliance. Many of us have occasionally had the uncomfortable feeling that our...

Questioning Competitors' Conduct
January 22 2009

“Many companies are reluctant to act when they suspect bribery by a competitor because the allegation is so serious and, short of actually observing the pay-off, the company can't be certain of the facts. Often, the most a company will have is a...

Compliance "Wish List" for the Obama Administration
January 21 2009

“The reviewing stands are still being dismantled along Pennsylvania Avenue and the new President and First Lady have just finished up their rounds of inaugural balls, but one could hear in the sharp cadence of his inaugural speech that Barack Obama...



    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