Author: Anna Kompanek

Photo Credit: Wikimedia Creative Commons France has long been criticized for falling short on enforcement of its international obligations to fight corruption abroad, including the OECD Anti-Bribery Convention that mandated member states to criminalize bribery of foreign public officials in international business transactions. That changed with the introduction of Sapin II, a new law similar… Read More

Photo Credit: SaBigFive via Wikispaces Every safari fan knows what the Big Five are – the five large animals that can be found in parts of Africa such as Kenya’s Maasai Mara National Reserve: the lion, rhino, leopard, Cape buffalo, and elephant. These are interesting times to watch Kenya, and not just because the rainy… Read More

Photo Credit: CIPE In recent years, compliance has become an increasingly complex landscape. The need for strong anti-corruption controls, both in multinationals’ own operations and extending to their suppliers, distributors, and agents in emerging markets, has been clearly evident. Significant enforcement actions under the U.S. Foreign Corrupt Practices Act (FCPA), the great majority of which… Read More

Photo Credit: Pinterest  Around the world, legislators and consumers alike are paying greater attention to supply chains these days. The Rana Plaza factory collapse in Bangladesh, alleged use of child labor by Samsung suppliers, or numerous eye-popping fines for foreign bribery involving companies in various industries (GSK, Alstom, or Telia to name just a few)… Read More

Photo Credit: http://riadzany.blogspot.com/2013_08_01_archive.html Forty years ago, President Jimmy Carter signed into law a novel statute called the U.S. Foreign Corrupt Practices Act (FCPA). It was the first-ever such statute in the world to govern business conduct abroad and address corruption violations involving bribery of foreign government officials. While the enforcement was initially slow, over time the… Read More

Photo Credit: CIPE In 2014, Moldova suffered a massive corruption scandal involving dubious loans that led to the disappearance of $1 billion, or 12% of the country’s GDP, from its banking system. The scandal forced the central bank to issue $870 million in emergency loans to the three implicated banks in order to prevent economic… Read More

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