Bribery and Corruption
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How Lego Became The Apple Of Toys

How Lego Became The Apple Of Toys | Bribery and Corruption | Scoop.it
After a decade-long slump, Lego has rebuilt itself into a global juggernaut. An exclusive look inside the company's top-secret Future Lab.
Gareth Garvey's insight:

On average, every person on the earth owns 86 LEGO bricks! – In 2012, 45.7 billion LEGO bricks were produced at a rate of 5.2 millionper hour. 

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Gareth Garvey's curator insight, February 13, 2015 11:26 AM

More than 400 billion Lego bricks have been produced since 1958. There are about 62Lego bricks per person of the Earth's population.

Rescooped by Gareth Garvey from The FCPA News Wire - Edited by Mike Kenealy
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China,United Kingdom : ROLLS-ROYCE faces bribery charges over aircraft engine bids in CHINA

China,United Kingdom : ROLLS-ROYCE faces bribery charges over aircraft engine bids in CHINA | Bribery and Corruption | Scoop.it

The SFO investigation was based on tips from a former employee of Royce-Rolls, alleging that the company resorted to bribery in securing engine supply contracts from Air China in 2005 and China Eastern Airlines in 2010, totaling US$2 billion.


Via @MikeKenealy
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Tip off leads to SFO investigation of Rolls Royce.

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Police Scotland target corruption in public sector - BBC News

Police Scotland target corruption in public sector - BBC News | Bribery and Corruption | Scoop.it
Herald Scotland
Police Scotland target corruption in public sector
BBC News
It will draw on the experience of the eight former regional forces in what is claimed to be the first dedicated resource of its kind in the UK.
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Don't mess with the Bribery Act - The Lawyer

Don't mess with the Bribery Act - The Lawyer | Bribery and Corruption | Scoop.it
Don't mess with the Bribery Act
The Lawyer
Transparency International's Global Corruption Survey 2013 reports that 27 per cent of respondents paid bribes to public officials in the past 12 months.
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Often overlooked, HR department can be key FCPA compliance ally, says FCPA expert Tom Fox | Association of Certified Financial Crime Specialists Often overlooked, HR department can be key FCPA comp...

Often overlooked, HR department can be key FCPA compliance ally, says FCPA expert Tom Fox | Association of Certified Financial Crime Specialists Often overlooked, HR department can be key FCPA comp... | Bribery and Corruption | Scoop.it
RT @dnbus: #HR is uniquely situated to buttress anti-corruption & FCPA compliance. Great insight from @GRCinfo: http://t.co/PriVvrkapJ
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Half of businesses 'unaware of Bribery Act' - 1/2/2013 - Personnel Today

Half of businesses 'unaware of Bribery Act' - 1/2/2013 - Personnel Today | Bribery and Corruption | Scoop.it
Article (Half of businesses 'unaware of Bribery Act' - 1/2/2013 - Personnel Today http://t.co/gpDNtZHm9Y)
Gareth Garvey's insight:

The Bribery Act (UK) has been lurking in the shadows since its introduction in mid 2011. It is probably going to take a high profile trial before awareness is raised but with half of businesses unaware (and assuming they are unprepared) it will not be long before a real case pops up.

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NEW YORK: 2013 Anti-Bribery & Corruption Report Reveals Gap Between Executive Knowledge and Action

NEW YORK: 2013 Anti-Bribery & Corruption Report Reveals Gap Between Executive Knowledge and Action | Bribery and Corruption | Scoop.it

 A new survey released by Kroll and Compliance Week reveals that 47 percent of global corporations take no steps to train their third parties and business partners on anti-bribery and corruption efforts, despite expectations by 50 percent of respondents that their companies’ bribery and corruption risks will increase in the next 12-18 months.

“That gap is surprising,” said Lonnie Keene, Managing Director for Kroll Advisory Solutions. “Take a look at any recent enforcement action in the United States about bribery. They often involve a third party, and regulators have been clear that they expect corporate compliance departments’ anti-corruption efforts to include third parties as well.”

The 2013 Anti-Bribery and Corruption Report surveyed 260 ethics, compliance, risk, and audit executives at corporations around the world, and addressed a wide range of anti-bribery efforts—risks, due diligence, effectiveness of anti-bribery programs, and more.

 


Via Jim Wesberry
Gareth Garvey's insight:

Nearly half of global corporations do not extend their bribery and corruption efforts to thier business partners!

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Cloud Computing and Unexpected FCPA Jurisdictio...

Cloud Computing and Unexpected FCPA Jurisdictio... | Bribery and Corruption | Scoop.it
A recent opinion from the Southern District of New York has opened the door for the United States federal judiciary to exercise jurisdiction over virtually any Internet communication, even when the communication both originates and terminates...
Gareth Garvey's insight:

So your transaction you carried out by email between 2 European countries may fall under the jurisdiction of the US courts! This is one of the consequences of Cloud Computing, and will not come as a great surprise to people who follow development in legislation aimed a bribery and corruption...but it raises a few interesting questions.

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Protect Your Company From FCPA Risks In Latin America - Law360

Protect Your Company From FCPA Risks In Latin America - Law360 | Bribery and Corruption | Scoop.it
Latin America is an area of key concern for companies operating overseas and subject to the Foreign Corrupt Practices Act, and has been for a number of years. The charges against four former employees of BizJet International Sales and Support Inc.
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Berlusconi May Face Bribery Charges As Tax Conviction Upheld, Sex Scandal ... - Forbes

Berlusconi May Face Bribery Charges As Tax Conviction Upheld, Sex Scandal ... - Forbes | Bribery and Corruption | Scoop.it
Berlusconi May Face Bribery Charges As Tax Conviction Upheld, Sex Scandal ...
Forbes
The latter might be more difficult than originally contemplated: just yesterday, Italian prosecutors accused Berlusconi of bribing a senator to switch parties.
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U.K.s Bribery Act Fails to Deliver Significant Cases

U.K.s Bribery Act Fails to Deliver Significant Cases | Bribery and Corruption | Scoop.it
To date, British regulators have prosecuted no companies under the Bribery Act, despite the fact that it took effect more than a year and a half ago.
Gareth Garvey's insight:

Weall expected some leadtime between the passing of the Act and teh first prosecutions. Could it be that the SFO dois not have the resources to follow through?

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IBM says US Justice Department probing bribery allegations

IBM says US Justice Department probing bribery allegations | Bribery and Corruption | Scoop.it
US Justice Department is investigating whether IBM violated the Foreign Corrupt Practices Act (IBM says US Justice Department probing bribery allegations: The 1977 Foreign Corrupt Practices Act bars compan...
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Ten recent cases and developments that compliance officers should be aware of

Ten recent cases and developments that compliance officers should be aware of | Bribery and Corruption | Scoop.it
The section looks at new regulations and laws that have been enforced after recent cases around world, and guides you on what your next steps should be to protect your compliance programme from any risks.
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Isle Of Man Bribery Act 2013 - Now In Force - Criminal Law - Isle of Man

Isle Of Man Bribery Act 2013 - Now In Force - Criminal Law - Isle of Man | Bribery and Corruption | Scoop.it
27 Dec 2013 - Isle of Man - Criminal Law - Isle Of Man Bribery Act 2013 - Now In Force - Appleby - The Bribery Act 2013 (BA 2013) came into force on Monday 16 December 2013 and it is largely based on the Bribery Act 2010 (of Parliament) (the BA...
Gareth Garvey's insight:

The Isle of Man beconmes the latest territory to implement a Bribery Act

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Navy officer, NCIS agent arrested in multimillion-dollar bribery case - CNN

Navy officer, NCIS agent arrested in multimillion-dollar bribery case - CNN | Bribery and Corruption | Scoop.it
NBC 7 San Diego
Navy officer, NCIS agent arrested in multimillion-dollar bribery case
CNN
(CNN) -- A U.S.
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Twitter’s Transparency Report: U.S still requesting more data than all other nations combined

Twitter’s Transparency Report: U.S still requesting more data than all other nations combined | Bribery and Corruption | Scoop.it

Thomas HawkAmerica loves data, apparently. More specifically, its government does. For the third time in a row, the U.S. government requested — and received — more user data from Twitter than all the other nations of the world combined.


Via Riaz Khan
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No prosecutions yet under UK Bribery Act - Legalbrief (subscription)

No prosecutions yet under UK Bribery Act - Legalbrief (subscription) | Bribery and Corruption | Scoop.it
No prosecutions yet under UK Bribery Act
Legalbrief (subscription)
Britain's Serious Fraud Office is investigating just two cases relating to the Bribery Act more than two years after the new law came into force, according to a Law Gazette report.
Gareth Garvey's insight:

WHne will we see the first real case?

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Transparency International Ireland welcomes publication of Irish ... - Transparency International (press release)

Transparency International Ireland welcomes publication of Irish ... - Transparency International (press release) | Bribery and Corruption | Scoop.it
Transparency International Ireland welcomes publication of Irish ...
Transparency International (press release)
Dublin - Transparency International Ireland (TI Ireland) has welcomed the publication of the Protected Disclosures Bill 2013 today.
Gareth Garvey's insight:

Irish Whistleblowers will benefit from civil immunity from actions for damages and a qualified privilege under defamation law under the new Irish "whistlebolwer " bill.

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Get ready for petaflop enforcement - The FCPA Blog - The FCPA Blog

Get ready for petaflop enforcement - The FCPA Blog - The FCPA Blog | Bribery and Corruption | Scoop.it
A Chinese supercomputer was recently named the fastest computer in the world , deposing the reigni... (RT @fcpa: Get ready for petaflop enforcement.

Via Elzbieta D Jaworska
Gareth Garvey's insight:

"With the ability to perform trillions of calculations every second, governments will have a powerful tool in rooting out financial crime.".....

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Physician Heal Thyself: Scoping FCPA Investigations and Earning Declinations | McGrath and Grace – Internal Investigations Blog

Physician Heal Thyself: Scoping FCPA Investigations and Earning Declinations | McGrath and Grace – Internal Investigations Blog | Bribery and Corruption | Scoop.it
New Compliance post: "Physician Health Thyself: Scoping FCPA Investigations and Earning Decllinations" http://t.co/TYiVZeb3gy
Gareth Garvey's insight:

So what do you need to do to aviod prosecution?

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EU proposal sparks hope for new era of corporate transparency

EU proposal sparks hope for new era of corporate transparency | Bribery and Corruption | Scoop.it
The #EU is pushing for corporate transparency, inspiring hope for the future http://t.co/76CwIqxLir
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Enforcement is back (if it ever left) - The FCPA Blog - The FCPA Blog

Enforcement is back (if it ever left) - The FCPA Blog - The FCPA Blog | Bribery and Corruption | Scoop.it
Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Div... (FCPA enforcement is in full effect. Don't be mistaken.
Gareth Garvey's insight:

More prosecutions to keep companies on their toes.

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Open procuring - how do other countries perform?

Open procuring - how do other countries perform? | Bribery and Corruption | Scoop.it
Parallel to our attempt to dig deeper into procurement transparency in the US, Sunlight started another big journey to map the global landscape of procurement norms and get a sense of how other governments disclose contracting information.
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News - Features - Anti-corruption reporting: the first line of defence for companies

News - Features - Anti-corruption reporting: the first line of defence for companies | Bribery and Corruption | Scoop.it

The European Commission recently announced a proposal that would require 18,000 European companies to be more transparent about their efforts to combat corruption and bribery by publishing details of how they go about this. This is good news. Anti-corruption programmes constitute a company’s first line of defence against corruption.

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