Weekly Industry News - Anti-Corruption / FCPA & International Trade

Anti-Corruption/ FCPA and International Trade – Anti-corruption laws have major impact on corporate compliance, fraud, bribery, corruption remain key challenges for India and more.

Survey: Anti-Corruption Laws Have Major Impact on Corporate Compliance Policies by WeComply, a Thomson Reuters business Published on JDSupra

With over $1.5 billion in fines assessed by the U.S. Securities and Exchange Commission for violations of the Foreign Corrupt Practices Act (FCPA) since 2010, corruption concerns are playing a larger role in corporate decisions, according to this year’s State of Anti-Corruption Compliance Survey from Dow Jones Risk & Compliance… [ Read More ]

Corruption Currents: From Dancing Around Sanctions to El Azul’s Heart Attack by Samuel Rubenfeld Published on WSJ: Risk and Compliance Journal

The U.K. is considering a probe into AgustaWestland over a scotched helicopter deal with India marred with bribery allegations. Two former executives are on trial in Italy; they and the company deny wrongdoing. (Exaro)… [ Read More ]

Fraud, bribery, corruption remain key challenges for India Inc: Ernst & Young by the Financial Express Published on the Financial Express

Fraud, bribery and corruption remain key challenges for Indian Inc even as majority of senior executives surveyed justified ‘unfair actions’ undertaken to tackle the economic downturn, says a report… [ Read More ]

GSK Faces a Bad Day at Black Rock by Thomas Fox Published on JDSupra

One of my favorite movies is Bad Day at Black Rock. It is one of the few movies to combine elements of film noir into something approaching a traditional Western. It also attacks directly the prejudice and hate against Japanese-Americans in the immediate aftermath of Pearl Harbor. I thought about that eponymous title when I read a recent article in the Financial Times (FT), entitled “GSK salesmen want ‘bribes’ reimbursed”, by reporters Patti Waldmeir and Andrew Ward… [ Read More ]