Thinking about making a payment or giving “anything of value” as part of a business meeting and wondering if you could be prosecuted for it under the Foreign Corrupt Practices Act or the Travel Act? Just reach into your briefcase and pull out a handy-dandy decision tree to help you through this difficult process. T. [...]
The First Days of the UK Bribery Act
on July 5, 2011 in Bribery and Corruption
It’s a been a few days since the UK’s Bribery Act became effective, making some questionable corporate behavior become clearly illegal. There have been thousands of news stories, legal alerts, and dire warnings about the line in the sand drawn on its date of effectiveness, July 1. Now, there is a bit a waiting, a [...]
Corruption and Twitter
on June 13, 2011 in Bribery and Corruption, Publish to KM Space
“If someone is being hit for a bribe, isn’t the easiest thing just to put it on Twitter? It goes round the world in next to no time.” Richard Alderman, head of the U.K.’s Serious Fraud Office, is apparently serious about Twitter. After self-congratulating themselves for organizing the government overthrows in North Africa and the [...]
Paying a Bribe? There’s an App for that
on June 2, 2011 in Bribery and Corruption
Can you crowdsource the fight against corruption? An international team coming from Estonia, Lithuania, Finland and Iran thinks you might. They created a smartphone app that allows people to anonymously report incidences of bribery and later see the data visualized on an interactive map. Bribespot is an app that allows you to see how much [...]
Guidance Under the UK Bribery Act
on March 31, 2011 in Bribery and Corruption
We have been waiting for some guidance from the United Kingdom about their new Bribery Act since it received Royal Assent last April. The delay on the guidance has delayed the implementation of the Bribery Act itself. Now the guidance is out. The Bribery Act 2010 creates a new offence under section 7 which can [...]
Sovereign Wealth Funds, Bribery, Corruption, Hospitality and the FCPA
on January 18, 2011 in Bribery and Corruption, Foreign Corrupt Practices Act
The FCPA seems to be most closely associated with shady oil operations, mining, defense contractors and infrastructure transactions. The image is a big company coming in and bribing an official for access to the country’s resources. The other side to that investment is that the countries build up big supplies of capital. Many deploy some [...]
The Impact of the UK Bribery Act on U.S. Companies
on January 13, 2011 in Bribery and Corruption
Securities Docket put on another fantastic webcast on topics relevant to compliance professionals. Today’s focused on the upcoming Bribery Act in the United Kingdom. If your company has operations in the United Kingdom, you need to pay attention to this law. The upcoming law applies to individuals and companies and outlaws bribes to public officials [...]
The London Olympics and the Bribery Act
on December 28, 2010 in Bribery and Corruption
The London Olympics in 2012 will be a test of strength, agility and endurance. That’s just be for the corporate sponsors trying to comply with the UK’s Bribery Act. Unlike the US Foreign Corrupt Practices Act, the UK’s Bribery Act applies equally to payments made to foreign government officials as it does to payment made [...]
Santa Claus and Corruption
on December 23, 2010 in Bribery and Corruption, Publish to KM Space
Even Santa Claus may have to face bribery and corruption on journey to deliver presents. What do you do when faced with a border guard demanding something on the side? A funny video take on the issues from Transparency International: For those of you who celebrate it, Merry Christmas.
Lawyers and Corruption Laws
on October 26, 2010 in Bribery and Corruption
In April 2010, the International Bar Association, the Organisation for Economic Co-operation and Development and the United Nations Office on Drugs and Crime, launched the Anti-Corruption Strategy for the Legal Profession. The project is focusing on the role lawyers play in fighting corruption in international business transactions. Nearly half of all respondents recognized corruption to [...]
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