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Corruption from a company (business) stand point
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THAILAND: The risk of FCPA prosecution Carbon Copy

Companies and individuals that admit to violating the U.S. Foreign Corrupt Practices Act (FCPA) for acts committed in Thailand risk criminal prosecution in Thai courts. When defendants in FCPA cases seek negotiated resolutions to their charges in the United States, they generally enter into guilty pleas, deferred prosecution deals, or non-prosecution agreements. By doing so, defendants formally admit to a set of facts and illegal conduct. Although the admissions are made as part of an investigation in the United States, they can potentially be used as the basis for a criminal case in Thailand. This legal phenomenon is known as a “carbon copy” prosecution.    

The risk of carbon copy prosecutions is significant because the vast majority of FCPA cases are resolved by negotiated resolution. In 2014, the U.S. Department of Justice (DOJ) brought seven FCPA enforcement actions against corporate defendants. Five of these resulted in non-prosecution or deferred prosecution agreements and two ended with plea agreements. The Securities and Exchange Commission, which is the United States’ other FCPA enforcement arm, also brought seven corporate cases in 2014 (some related to the DOJ cases), with all seven resulting in settlements. Since 2009, 50 FCPA cases have been settled by the DOJ.

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ALGERIA: 4 Italian and German companies indicted and prison sentences for 15 persons - Sonatrach corruption case

ALGERIA: 4 Italian and German companies indicted and prison sentences for 15 persons - Sonatrach corruption case | Corruption | Scoop.it
A court in Algeria on Tuesday handed down prison terms and large fines in a corruption case involving state energy giant Sonatrach and German and Italian com...
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USA: New Jersey Pipe Supply Company Owner Sentenced to 32 Months in Prison for Role in Fraud and Bribery Conspiracy in Power Generation Industry

A New Jersey industrial pipe supply company and its owner were sentenced today for conspiring to commit fraud and pay bribes to a purchasing manager at Consolidated Edison of New York in return for the manager’s efforts to steer contracts to the company, the Department of Justice announced.

Andrew Martingano, of Staten Island, New York, was sentenced by U.S. District Judge Deborah A. Batts of the Southern District of New York to 32 months and a day in prison.  American Pipe Bending and Fabrication Co. Inc. of Edison, New Jersey, was sentenced to pay a $150,000 criminal fine.  Martingano and American Pipe were also sentenced to pay over $1.6 million in restitution, jointly and severally with their co-conspirators, to the victim, Con Ed.  The company and its owner pleaded guilty to committing wire fraud and conspiring to defraud Con Ed on Aug. 15, 2012

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USA: U.S. Navy Commander Pleads Guilty to Accepting Cash and Prostitutes in International Bribery Scheme

A U.S. Navy Commander pleaded guilty today to bribery charges, admitting that he accepted cash, gifts, travel expenses, entertainment and the services of prostitutes from foreign defense contractor Glenn Defense Marine Asia (GDMA) in exchange for classified U.S. Navy information, including ship schedules that contained information related to the U.S. Navy’s ballistic missile defense operations in the Pacific.:

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SPAIN: Police arrests 24 in Valencia corruption raids

SPAIN: Police arrests 24 in Valencia corruption raids | Corruption | Scoop.it
Police arrested 24 people, many linked to Spain's ruling People's Party (PP), in raids in the Valencia region on Tuesday in an anti-corruption operation investigating the alleged payment of illegal commissions in exchange for public work contracts.
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QATAR: Athletics Bids Investigated For Bribery

QATAR: Athletics Bids Investigated For Bribery | Corruption | Scoop.it
Two bids for the athletics world championships by Qatar's capital Doha are being investigated over allegations of bribery by the ethics commissions of
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ATHLETISME: Adidas va mettre un terme à son partenariat avec l'IAAF (BBC)

ATHLETISME: Adidas va mettre un terme à son partenariat avec l'IAAF (BBC) | Corruption | Scoop.it
Romandie.com, soyez informé avant les journalistes ! News suisses et internationales. Info brute à forte valeur ajoutée
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UKRAINE: Starting to purge court system of bribery, corruption

UKRAINE: Starting to purge court system of bribery, corruption | Corruption | Scoop.it
Ukraine's constitutional court approved moves on Friday to stamp out political meddling in the judicial system and halt bribe-taking among judges, part of an anti-corruption drive to help secure aid and goodwill from vital international backers.
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RUSSIE: Vimpelcom prêt à payer 600 M USD pour solder des poursuites aux USA - Corruption

Romandie.com, soyez informé avant les journalistes ! News suisses et internationales. Info brute à forte valeur ajoutée
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ISO 37001 - Anti-bribery management systems

ISO 37001 - Anti-bribery management systems | Corruption | Scoop.it
ISO 37001 - Anti-bribery management systems Copyright ISO Bribery is one of the world’s most destructive and challenging issues. With over US$ 1 trill...
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AUSTRALIA: Bribery trial involving Australian red-light camera company Redflex begins

AUSTRALIA: Bribery trial involving Australian red-light camera company Redflex begins | Corruption | Scoop.it
Transportation official John Bills accused of taking $2m from Redflex, that led to installation of nearly 400 red-light cameras – more than any other US city
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GSK cesse de payer des médecins pour promouvoir ses médicaments

GSK cesse de payer des médecins pour promouvoir ses médicaments | Corruption | Scoop.it
GlaxoSmithKline (GSK) a cessé de rémunérer des médecins chargés de promouvoir ses médicaments auprès d'autres praticiens, afin de répondre aux...
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MEXIQUE: la jeune maire abattue s'est rendue à ses tueurs pour sauver sa famille

MEXIQUE: la jeune maire abattue s'est rendue à ses tueurs pour sauver sa famille | Corruption | Scoop.it
La jeune maire Gisela Mota, 33 ans, a été abattue au lendemain de sa prestation de serment au cours de laquelle elle s'était engagée à lutter contre la criminalité dans sa ville.
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CHINA: Corruption Watchdog Details Widespread Graft In Financial System

CHINA: Corruption Watchdog Details Widespread Graft In Financial System | Corruption | Scoop.it
China’s corruption watchdog released the findings of a two-month investigation into the practices of major civic and financial authorities on Friday.
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malek's curator insight, February 7, 7:20 PM

No wonder if the next recession is coming from China. A good article listing corruption acts in China financials

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USA: SEC Charges SAP With FCPA Violations - $3.7M penalties and executive jailed

USA: SEC Charges SAP With FCPA Violations - $3.7M penalties and executive jailed | Corruption | Scoop.it

Washington D.C., Feb. 1, 2016

The Securities and Exchange Commission today announced that software manufacturer SAP SE has agreed to give up $3.7 million in sales profits to settle charges that it violated the Foreign Corrupt Practices Act (FCPA) when procuring business in Panama.


An SEC investigation found that SAP’s deficient internal controls allowed a former SAP executive to pay $145,000 in bribes to a senior Panamanian government official and offer bribes to two others in exchange for lucrative sales contracts.  The SEC charged the SAP executive, Vicente E. Garcia, in a separate enforcement action last year that included a parallel criminal action.  Garcia has been sentenced to 22 months in prison.

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BRAZIL: Beach apartments tied to corruption scheme

BRAZIL: Beach apartments tied to corruption scheme | Corruption | Scoop.it
Beach-side apartments in Brazil may have been used as bribes and to launder money for members of the ruling Workers' Party, police and prosecutors said on
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BRAZIL: Corruption case settlement regarding accusations against CEO and Member of the SBM Offshore supervisory Board

On January 15, 2016, the Company was informed that the judge in Brazil referred the accusations with regard to Mr. Chabas and Mr. Hepkema back to the Public Prosecutor to propose an out-of-court settlement, on a no admission of guilt basis, as is common for misdemeanors of the kind alleged.

Messrs. Chabas and Hepkema and the Management and Supervisory Boards have considered the Public Prosecutor’s proposal for an out-of-court settlement and decided to accept it. This results in the payment of 250.000 Brazilian Reals (approximately US$60,000) each, which the Company will pay.

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BRAZIL: The Brilliant Names of Anti-Corruption Operations

BRAZIL: The Brilliant Names of Anti-Corruption Operations | Corruption | Scoop.it
Operação Lava Jato, or “Operation Car Wash,” isn’t the only odd-sounding police sting to make waves in Brazil in recent years. Here are some of the names and
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UK: Adidas to end IAAF sponsorship deal early in wake of doping crisis

UK: Adidas to end IAAF sponsorship deal early in wake of doping crisis | Corruption | Scoop.it
Adidas to end multi-million pound sponsorship deal with world athletics' governing body, amid ongoing doping scandal.
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ROMANIA: Too soft on corruption, says EU report

ROMANIA: Too soft on corruption, says EU report | Corruption | Scoop.it
Romania's parliament is considering some 180 amendments to criminal law that may undermine agencies designed to stop corruption.
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WORLD: Des révélations sur des matchs truqués ébranlent le tennis mondial

WORLD: Des révélations sur des matchs truqués ébranlent le tennis mondial | Corruption | Scoop.it
70 joueurs, dont 16 étaient dans le top 50 mondial, sont soupçonnés d'avoir truqué des matchs. Un match de Roland-Garros serait ég...
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MOULLEC's curator insight, January 24, 4:14 PM

Un article très  interessant , sur l'un des sports les plus soupçonnées de corruption dans le monde. De nouvelles affaires affectes de plus en plus ce sport, qui n'est d'ailleurs pas le seul touché

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WORLD: Anti-bribery standard reaches voting stage - ISO

WORLD: Anti-bribery standard reaches voting stage - ISO | Corruption | Scoop.it

Andre JACQUEMET, as ISO/AFNOR "compliance & anti-corruption expert" is pleased to inform you about the draft status of the ISO 37001 standard (Anti-bribery management systems).

We remain at your disposal should you require further information.

www.globalBPA.com

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GERMANY: Commercial bribery prevention

GERMANY: Commercial bribery prevention | Corruption | Scoop.it
Germany's new law combatting commercial corruption came into force. The law amends the provision on commercial bribery in the German Criminal Code.
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FRANCE: Lutte contre la corruption, la France s'active

FRANCE: Lutte contre la corruption, la France s'active | Corruption | Scoop.it
Matthias Fekl a présenté les mesures françaises lors de la Convention annuelle des chefs de Service économique de la Direction générale du Trésor......
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UK: Co-operative Group accused of covering up corruption allegations

UK: Co-operative Group accused of covering up corruption allegations | Corruption | Scoop.it
Former executive sues for unfair dismissal saying she was sacked for blowing whistle on what she thought was criminal conduct
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