Anti-Corruption & Bribery

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The Data Behind the Impact of Executive Involvement
ARTICLE

By: Erica Salmon Byrne

By |2017-01-15T20:43:04+00:00May 11th, 2016|Anti-Corruption & Bribery|

This article originally appeared in the Society of Corporate Compliance and Ethics’ magazine, Compliance & Ethics Professional, May 2016 edition. BYRNE ON GOVERNANCE In March, the Ethisphere Institute and Kroll released “The 2016 Anti-Bribery and Corruption Report,” summarizing the results of survey work conducted earlier in the year. The survey included responses from over 260 compliance and Read More

France Anti-Corruption Bill and Compliance Officers
ARTICLE

By: Aarti Maharaj

By |2017-01-15T20:43:06+00:00April 21st, 2016|Anti-Corruption & Bribery|

France is looking to implement new changes to its current anti-bribery system, which has received widespread criticism over the years for its lax approach to clamping down on unethical behavior. Much of the enforcement has been left to American regulators who have found French companies wrapped up in FCPA violations resulting in hefty fines. “With Read More

Panama Papers Leak Exposes Lapse in Company Culture
ARTICLE

By: Aarti Maharaj

By |2017-01-15T20:43:07+00:00April 6th, 2016|Anti-Corruption & Bribery|

The International Consortium of Investigative Journalists (ICIJ) leaked confidential documents earlier this week, known as the Panama Papers, which revealed the secret finances of world leaders, politicians, companies and public figures. In the latest string of developments, Iceland’s Prime Minister Sigmundur David Gunnlaugsson resigned on Tuesday as a result of the scandal. News reports indicate that more than Read More

Editor’s Picks: Britain’s SFO on Investigating Complex Fraud
ARTICLE

By: Aarti Maharaj

By |2016-04-15T13:08:52+00:00April 1st, 2016|Anti-Corruption & Bribery|

Trust and transparency are demands of today’s contemporary workplace environment. When companies identify, embrace and promote these values, employees are more likely to report misconduct or serve as witnesses to corporate wrongdoing. While this may benefit a company in many ways—regulators can also use this to their advantage. Earlier this week, Britain’s Serious Fraud Office Read More

U.S. Businessman Faces FCPA Charges
ARTICLE

By |2016-03-24T15:45:53+00:00March 24th, 2016|Anti-Corruption & Bribery|

The Feds are ramping up prosecution efforts to combat corporate misconduct. Abraham Jose Shiera Bastidas, the owner of multiple U.S.-based energy companies pleaded guilty to FCPA and fraud charges for bribing officials to secure contracts from Venezuela’s state-owned energy company, Petroleos de Venezuela S.A. (PDVSA). Shiera Bastidas, who lives in the U.S., is the owner Read More

Petrobras Saga: Brazil’s President Denies Wrongdoing
ARTICLE

By |2016-03-31T21:06:44+00:00March 21st, 2016|Anti-Corruption & Bribery|

Brazil’s worst-ever corruption scandal just took another dark turn. Dilma Rousseff, President of Brazil has rejected accusations of her involvement in Petrobras’ corruption scandal. News reports indicate that Rousseff will take legal action against Senator Delcidio do Amaral and is planning to “hold him responsible under the law for all his defamatory statements,” Rousseff’s office said. Read More

Report: Bribery & Corruption Risk on the Rise
DATA & RESEARCH

By |2017-01-15T20:43:07+00:00March 14th, 2016|Anti-Corruption & Bribery|

Bribery and corruption risk continues to confound many companies, and as compliance officers and governance professionals struggle to keep up with regulatory changes, one thing is certain: this year, companies believe they will face an increased risk of corruption due to global expansion. That’s one take-away from Ethisphere and Kroll’s 2016 Anti-Bribery and Corruption Benchmarking Read More

The Vimpelcom Case Fits Into A Larger Trend
ARTICLE

By |2017-01-15T20:43:08+00:00February 29th, 2016|Anti-Corruption & Bribery|

Late last week, one of the world’s largest integrated telecommunications services operators, VimpelCom, agreed to pay a $835 million settlement to U.S. and Dutch authorities. The company is accused of paying $114 million to Uzbek president Islam Karimov’s relative, widely believed to be his daughter, Gulnara Karimova. The U.S. Department of Justice (DoJ) claims that Read More

Exposing FIFA’s Culture of Corruption
VIDEO

By |2017-01-15T20:43:08+00:00February 16th, 2016|Anti-Corruption & Bribery, Board Oversight & Governance, RSS BELA Member|

In a 60 Minutes interview titled, “Not Playing By the Rules? FIFA Scandal Unfolds,” Michael Hershman, President, The Fairfax Group and Ethisphere's Strategic Advisory Board member recounts his experience working to root out corruption at the Fédération Internationale de Football Association (FIFA). Hershman spent two years at FIFA after being appointed to an independent governance committee tasked Read More

National Anti-Money Laundering Survey Report 2015
DATA & RESEARCH

By |2016-01-29T01:01:51+00:00November 12th, 2015|Anti-Corruption & Bribery|

Canada's Compliance Officers Speak Out When it comes to compliance with Canada’s anti-money laundering (AML) and anti-terrorist financing (ATF) rules, regulated entities labour under a significant burden. To understand the ways in which they are addressing these mandates, the National AML services team at Grant Thornton LLP recently conducted a survey of over 300 people Read More

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