Photo Credit: Wikimedia A recent Foreign Affairs article by Chris Miller highlighted how “the three-pronged strategy of Putinomics” has worked to keep the current resident of the Kremlin in power: “First, it focused on macroeconomic stability—keeping debt levels and inflation low—above all else. Second, it prevented popular discontent by guaranteeing low unemployment and steady pensions,… Read More
Most people now accept that good governance is a basis for long-term business success and sustainability. When it comes to investing in stocks, firms with good governance should be seen as relatively safe bets. Wouldn’t it be great if there were funds that handpicked stocks with such desirable qualifications for you? Thailand’s investment community took… Read More
Photo Credit: Robert Nagle, Vlore, Money Lenders,1997 At their height in November 1996, a series of Albanian “Ponzi” schemes held money equal to almost half of the country’s total GDP. The schemes were fronted by a series of companies and charitable foundations that sprung up in newly capitalist Albania and offered monthly interest rates on… Read More
Photo Credit: CIPE This podcast was originally posted on CIPE’s Development Blog OECD’s Drago Kos says passing anti-corruption laws is much easier than enforcing them in most countries. Kos, who chairs the OECD’s Working Group on Bribery, was the guest of CIPE’s “Democracy That Delivers” podcast on January 2, where he discussed the difficulties many nations… 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: Momentum In May of 2017, TRACE launched the podcast “Bribe, Swindle or Steal”, hosted by TRACE President Alexandra Wrage. The podcast features interviews with professionals and luminaries in the field of financial crime including bribery, fraud, money-laundering, insider-training and sanctions. Tailored towards compliance professionals, “Bribe, Swindle or Steal” seeks to educate and entertain… Read More