Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest
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Infographic - OECD Bribery Report & Anti Bribery Training

Infographic - OECD Bribery Report & Anti Bribery Training | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
OECD's Foreign Bribery Report reveals the need for more targeted and in-depth anti bribery training.
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Miller: Analyzing the antitrust issues of O'Bannon case - The Stanford Daily

Miller: Analyzing the antitrust issues of O'Bannon case - The Stanford Daily | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
This edition of my series on the O’Bannon v NCAA ruling will focus on the central antitrust and econ...
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Carl DeMaio denies harassment, bribery claims

Carl DeMaio denies harassment, bribery claims | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
A high-profile southern California congressional race descended into chaos on Wednesday, when Republican Carl DeMaio was peppered with questions from reporters about whether he had sexually harassed and then intimidated and attempted to bribe a...
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Corruption Is Creating More Ebola Victims - TakePart

Corruption Is Creating More Ebola Victims - TakePart | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
But people are fighting back against the ways bribery and fraud victimize patients.
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Citigroup's Mexico CEO Resigns After Tough Year - Wall Street Journal

Citigroup's Mexico CEO Resigns After Tough Year - Wall Street Journal | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
The head of Citigroup’s troubled Mexican unit, Grupo Financiero Banamex, has resigned after a year plagued by losses and tension over an alleged fraud against the bank by an oil services firm.
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Met Police launches anti-fraud and cybercrime unit - IT PRO

Met Police launches anti-fraud and cybercrime unit - IT PRO | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
The initiative hopes to protect Londoners from falling victim to a wide range of online crimes
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FRANCE: Swiss bank facing $6B fine in French tax evasion, money laundering case

FRANCE: Swiss bank facing $6B fine in French tax evasion, money laundering case | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
Shares in UBS AG are down after reports the Swiss bank could face a fine of 4.88 billion euros ($6.16 billion) if found guilty of facilitating tax evasion and money laundering in France.

Via Andre JACQUEMET - @globalBPA
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United States: Avon wins dismissal of lawsuit over China bribery

United States: Avon wins dismissal of lawsuit over China bribery | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
Avon Products Inc on Monday won the dismissal of a securities fraud lawsuit accusing the cosmetics c...
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Four Charged in a Bribery Scheme to Gain Clients in Arraignment Court

Four Charged in a Bribery Scheme to Gain Clients in Arraignment Court | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
A worker who interviewed defendants was paid as much as $1,000 per client that he steered to three lawyers and a paralegal, prosecutors said.
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Eric Holder's Mixed Legacy on White-Collar Crime

Eric Holder's Mixed Legacy on White-Collar Crime | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
Mr. Holder’s tenure as attorney general was marked by multibillion-dollar settlements with big banks but few prosecutions of executives, Peter J. Henning writes in the White Collar Watch column.

Via @MikeKenealy
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FDIC orders Burke & Herbert Bank to improve money laundering oversight - Washington Business Journal

FDIC orders Burke & Herbert Bank to improve money laundering oversight - Washington Business Journal | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
Bank executives suggest the action comes amid stepped-up FDIC enforcement of the Bank Secrecy Act, which was passed by Congress in 1970. Among other requirements, the law requires banks to report on cash transactions of $10,000 or more.

Via @MikeKenealy
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Asia-Pacific anti-corruption laws ensnare multinationals in complexity, says new guide - Corporate/Commercial Law - Australia

Asia-Pacific anti-corruption laws ensnare multinationals in complexity, says new guide - Corporate/Commercial Law - Australia | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
29 Sep 2014 - Australia - Corporate/Commercial Law - Asia-Pacific anti-corruption laws ensnare multinationals in complexity, says new guide - Norton Rose Fulbright Australia - The guide provides an overview of business ethics & anti-corruption...
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Police close in on Leighton bribery allegations

Police close in on Leighton bribery allegations | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
Federal police probing alleged bribery by Leighton Holdings are finalising a brief of evidence to present to prosecutors. (Millions in kickbacks could be exposed as police close in on Leighton bribery allegations.
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Where to get more bang for your bribery buck

Where to get more bang for your bribery buck | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
The Pew Research Center recently released data on 44 nations, ranking their attitudes toward bribery.

Via @MikeKenealy
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Ukraine to push through anti-corruption laws - World Bulletin

Ukraine to push through anti-corruption laws - World Bulletin | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
Bribery has been widespread at virtually all levels of Ukrainian government and public life since independence from the Soviet Union in 1991.
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EXCLUSIVE: Three lawyers accused of bribing for cases are known as 'hallway ... - New York Daily News

EXCLUSIVE: Three lawyers accused of bribing for cases are known as 'hallway ... - New York Daily News | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
Three defense lawyers who were busted for allegedly bribing court staffers for cases aren’t getting any defense from their colleagues, who say the trio are getting what they deserve.
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The White House Omits Several Facts And Other Information From Its "Fact Sheet"

The White House Omits Several Facts And Other Information From Its "Fact Sheet" | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
The White House recently released this “Fact Sheet: The U.S. Global Anticorruption Agenda.”

It is an informative read as it sets forth in one document the policy views of the White House on bribery and corruption topics.

The fact sheet also highlights that FCPA enforcement is merely one prong of the U.S. government’s multi-dimensional approach to fighting bribery and corruption.  Other prongs mentioned include asset recovery, denial of visas, money laundering, curtailing the use of shell companies, increasing transparency in certain industries, and other open government initiatives.

As to the FCPA specifically, the White House Fact Sheet states:

“The United States has been a global leader on anticorruption efforts since enacting the first foreign bribery law, the Foreign Corrupt Practices Act (FCPA), in 1977.  [...]  The United States continues to apply the FCPA to prosecute those who pay bribes to foreign officials to obtain business benefits.  Since 2009, the United States has resolved criminal cases against more than 50 corporations worldwide with penalties of approximately $3 billion, and it has convicted more than 50 individuals, including CEOs, CFOs, and other high-level corporate executives, for FCPA and FCPA-related crimes.”

However, and consistent with prior examples of political actors or advocates describing FCPA enforcement – see here and here for instance), the White House “fact” sheet omits several salient facts or other relevant information concerning FCPA enforcement and/or the general fight against bribery and corruption.

Such as:

Since 2008 approximately 80% of DOJ/SEC corporate FCPA enforcement actions have not resulted in any related charges against company employees.  In other words, the U.S. government’s FCPA enforcement efforts are, to a large extent, corporate only and not achieving, as even the enforcement agencies recognize, maximum deterrence as only individual enforcement can achieve.

The U.S. government has an overall losing record – including during this so-called new era of FCPA enforcement – when put to its ultimate burden of proof in FCPA enforcement actions.  In other words, the White House is emphasizing the quantity of FCPA enforcement over the quality of FCPA enforcement.  However, in a legal system based on the rule of law, quality of enforcement should take priority over quantity.

The U.S. government largely enforces the FCPA through non-prosecution agreements, deferred prosecution agreements, and other vehicles (such as with increasing frequency SEC administrative settlements) not subjected to any meaningful judicial scrutiny.  These resolution vehicles – in the minds of many – are inconsistent with rule of law principles such as limited government authority, a system of checks and balances, and transparency in law enforcement.

The U.S. crusade against bribery suffers from several uncomfortable truths or double standards.  For instance, the U.S. government offers bags of cash to influence foreign leaders.  For instance, some of the most egregious FCPA violators, per the U.S. government’s own allegations, have involved U.S. government contractors or suppliers including of goods and services critical to national security, and because of this, those companies were not even charged with FCPA anti-bribery violations.  For instance, a notable example of FCPA enforcement (the Giffen case) ended with a whimper after the defendant asserted that the alleged bribery occurred with the knowledge and support of the highest levels of the U.S. government.  For instance, the general fight against bribery and corruption suffers from a double standard in that corporate interaction with “foreign officials” under the FCPA is judged by different standards than corporate interaction with U.S. officials under other U.S. laws.
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Beijing, Almaty Bidding to Host 2022 Winter Olympics Solely After Corruption ... - Music Times

Beijing, Almaty Bidding to Host 2022 Winter Olympics Solely After Corruption ... - Music Times | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
Remember when bidding to host an Olympic Games was considered to be such a huge deal and several countries would wait to hear if they made the final cut before a host country was finally selected?
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Casey calls on FIFA to release corruption report - The Hill (blog)

Casey calls on FIFA to release corruption report - The Hill (blog) | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
Casey demanded FIFA release a report on corruption in determining which cities host the World Cup.
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Antitrust Police Proliferate Around the Globe

Antitrust Police Proliferate Around the Globe | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
These days, many big mergers don't just need to win antitrust approval from regulators in the U.S. and the European Union. Nations including China, Brazil and even Ukraine are part of a growing roster of countries that also want a say.
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Whistleblower phone app seeks to outsmart corruption - Free Malaysia Today

Whistleblower phone app seeks to outsmart corruption - Free Malaysia Today | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
Free Malaysia Today Whistleblower phone app seeks to outsmart corruption Free Malaysia Today “There is lack of transparency in many government institutions on the funds that are supplied and used,” said Buule, complaining of the country's endemic...
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Discipline and Rigor in Your Internal Controls

Discipline and Rigor in Your Internal Controls | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
In a recent New York Times (NYT) Op-Ed by David Brooks, entitled “The Good Order”, he discussed how routine can lead to creativity. He cited to the example of three well-known authors whose habits ...

Via @MikeKenealy
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JPMorgan Chase Bypassing Bank Secrecy Act Regulations?

JPMorgan Chase Bypassing Bank Secrecy Act Regulations? | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
As of August and September 2014, elements of the JPMorgan Chase & Co. (NYSE:JPM) were instituting policies and carrying out activities

Via @MikeKenealy
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Hospital Mergers Pave The Way For Antitrust Training | JD Supra

Milton Friedman, an American economist and writer once said, “I was a great supporter of antitrust laws, I thought enforcing them was one of the few desirable things that the...
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British oil giant accused of bribery in tussle over Africa’s oldest national park

British oil giant accused of bribery in tussle over Africa’s oldest national park | Antitrust, Bribery, Fraud, Corruption, Conflicts of Interest | Scoop.it
Jim Armitage reports for The Independent: 'Contractors and agents working on behalf of a major London-based oil company paid bribes to officials and rebels in the Democratic Republic of Congo in th...
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