Tag: business ethics

In 2019, international corporations were fined more for breaking bribery laws than ever before. The milestone year saw the largest-ever collection of fines for violations of the U.S. Federal Corrupt Practices Act (FCPA), at $2.65 billion. 2019 also featured the largest-ever corporate settlement:  a combined $1.06 billion agreement by Ericsson, a Swedish telecommunications firm. In… Read More

        Photo Credit: ITprogBlog This article originally appeared in the TFM Magazine, Volume 2 Number 13, 2018, p. 32 – 35. Read Part I here Empowering through knowledge One of the most identified risk areas for organisations regarding corruption is third-parties acting on behalf of their organisation. In many cases, a third-party… Read More

From left to right: Anna Kompanek, Gerry Zack, and Ken Jaques CIPE’s Democracy that Delivers podcast host Ken Jaques and CIPE’s Director of Global Programs Anna Kompanek, sat down with incoming CEO of the Society of Corporate Compliance and Ethics (SCCE), Gerry Zack. Zack discusses how fraud and compliance have evolved over the last 30… Read More

  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 to the U.S. Foreign… 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: GINNETTE RIQUELME / REUTERS Mexico’s economy did not do particularly well in 2017. In fact, the economic slowdown raises important questions about what politicians throughout the country should be promising in the upcoming July elections and to whom they should feel most accountable. Like much of the Americas this year, corruption will be… Read More

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