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Blog

Fretting Over Freight Forwarders
February 27 2009

“Recent enforcement actions have reminded us that bribes paid with briefcases full of cash are not entirely obsolete. Nevertheless, most companies fret more over what their freight forwarders are getting up to than they do over that sort of epic...

Bribery “Hot Buttons”
February 23 2009

“Although the problem of commercial bribery can seem intractable, small, simple solutions – and a little dumb luck - can be very effective.   On a recent trip to Jakarta to host an anti-bribery workshop, we determined that we’d left it too late to...

Curling, Canada and Corruption
February 18 2009

“The excitement of returning from Scotland triumphant from the 100th anniversary match for the Strathcona Cup has begun to subside and my fellow Canadians are turning their attention back to their near-perfect record of not quite prosecuting...

FCPA Fines:  Where Does All the Money Go?
February 13 2009

“It’s difficult to imagine having to write checks for the sort of FCPA penalties we’ve seen recently:  $800 million for Siemens in December and, this week, $579 million for Halliburton and KBR.  But where does all that money go?  We asked Billy...

Don't Feed the Bears:  Avoiding Corrupt Customs Officials
February 11 2009

“BRIBEline is a web-based, multilingual tool for reporting bribe-demands by government officials.  TRACE has been collecting data on bribe-demands for about 18 months and, worldwide, customs officials don’t come out of it well....

Gifts and Hospitality in the Year of the Ox
February 9 2009

“As Lunar New Year celebrations came to a close last week, many in the compliance world were left wondering if they gave more offense than pleasure with their New Year gifts and whether they incurred more risk than benefit.
 
Today’s post is...

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...



    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