Photo Credit: Wikipedia via https://en.wikipedia.org/wiki/File:Flags_south_america.png What makes the Odebrecht case so special? In December 2016, Brazil’s biggest construction company Odebrecht and its petrochemical subsidiary Braskem agreed to pay at least $3.5 billion to Brazilian, US, and Swiss authorities in a multi-country Foreign Corrupt Practices Act (FCPA) settlement. Aside from this record-breaking settlement, the Odebrecht case… Read More
On December 9, International Anti-Corruption Day, the Center for International Private Enterprise (CIPE) in partnership with the Association of Women in International Trade (WIIT), co-hosted a panel discussion on the International Organization for Standardization (ISO) 37001, a new standard on anti-bribery management systems designed to help organizations fight bribery and promote an ethical business culture…. Read More
Photo Credit: Clamor Por Guatemala-Jouse Goge Today marks the 10th anniversary of the International Commission Against Impunity in Guatemala, known by its Spanish abbreviation as CICIG (Comisión Internacional contra la Impunidad en Guatemala). On December 12, 2006, the United Nations and the Government of Guatemala signed an agreement to establish CICIG to assist the Public… Read More
In the relatively new sphere of anti-corruption compliance, 2016 is shaping up to be one of the most significant years ever. Not because of a record fine levied against a multi-national corporation. Nor because of a new law or stepped up enforcement. But, rather because a group of compliance practitioners from dozens of countries have… Read More
A recent report by Kenya’s Ethics and Anti-Corruption Commission (EACC) paints a rather grim picture of the extent of corruption in Kenya. In the top 10 counties by average bribe size, bribes range from KSH 80,000 (about $800 US) to about KSH 6,000 ($60 US) — in a country where the average monthly wage is… Read More
The good news according to the 2015 Anti-Bribery and Corruption (ABC) Benchmarking Report is that many risks have plateaued since the report’s launch in 2011. The bad news is that the survey answers still paint a discouraging picture of compliance officers’ struggles to implement a global strategy for anti-bribery compliance and to tame vendor and… Read More