Tag: compliance

Emerging market businesses that lack formal compliance processes suffer twice: first from inefficiency and then from losing out on beneficial partnerships. While companies in emerging markets are becoming formal businesses in increasing numbers, there is still a sizable gap between getting a license and paying taxes (the minimum definition of “formal”) and following the internal… Read More

The coronavirus pandemic is a complex, multifaceted crisis. In addition to the devastating human toll, the pandemic has quickly put many businesses at risk of permanent closure. As government stimulus funding around the world has shored up the balance sheets of large and well-connected businesses, micro-, small- and medium-sized enterprises (MSMEs) have remained especially vulnerable…. Read More

Total, one of France’s largest oil and gas companies, is on the verge of being sued by dozens of French NGOs and climate activists for failing to meet its legal obligation to respond to the climate crisis. Groups such as Les Eco Maires have signed onto a June 2019 letter indicating that unless Total strengthens… Read More

The global economy has opened up unprecedented opportunities for companies in emerging markets to join international value chains, build new business relationships, and reach new levels of growth. At the same time, corporations are very much aware of the compliance risks that local partners can pose if they are not transparent in their disclosures or… Read More

Chiawen Kiew is the Associate Director for Investigations at the Office of the Chief Compliance Officer of the European Bank for Reconstruction and Development (EBRD). Based in London, Kiew oversees the workflow of about 30 ongoing investigations and advises the Bank on identifying and responding to allegations of corruption, fraud, and other misconduct in EBRD-financed… Read More

Photo credit: Armenian Lawyer’s Association This blog originally appeared on the FCPA Blog, linked here. By Natalia Otel Belan and Yulia Glubokaya, respectively the regional director for Europe and Eurasia at the Center for International Private Enterprise (CIPE) and the deputy director for compliance at VimpelCom Russia. Small and medium enterprises (SMEs) in emerging markets… Read More

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