Corporate liability for bribery and corruption offences Proposed reforms / The year aheadBrief overview of the law and enforcement regime In the United States, both the U.S. Department of Justice (“DOJ”) and the U.S. Securities and Exchange Commission (“SEC”) enforce the U....
Corporate liability for bribery and corruption offences Proposed reforms / The year aheadBrief overview of the law and enforcement regime In the United States, both the U.S. Department of Justice (“DOJ”) and the U.S. Securities and Exchange Commission (“SEC”) enforce the U.S. Foreign ...
At Vodafone, we support and foster a culture of zero tolerance towards bribery or corruption in all our activities. Our policy on this issue is summarised in our Code of Conduct and states that employees or others working on our behalf must never offer or accept any kind of bribe. Our anti...
with North America (77%) and Oceania (76%) displaying the greatest concern, but respondents in Asia, South America and sub-Saharan Africa dispute the impact. One in four survey participants do not think SMEs understand the legal definition of bribery and corruption in their...
Existing empirical evidence suggests that corruption in infrastructure is prevalent in developing countries. Using data on manufacturing firms in Kenya, Uganda and Tanzania, this study investigates what type of firms are asked to pay bribes by public officials in order to access infrastructure. We ...
GENEVA (CBSMiami/AP) — FIFA has expelledChuck Blazer for widespread corruption. Considered the most senior American in world football, he was once the general secretary of CONCACAF which is based in Miami and governs soccer in North, Central America and the Caribbean. ...
Italian prosecutors had alleged corruption in the deal while campaigners said the Federal Government of Nigeria was short-changed in the deal. They said $1.1 billion of the purchase price was siphoned off to politicians and middlemen, including the then Minister of Petroleum, Dan Etete. They al...
(World Bank1997), and remains one of the most common manifestations of corruption (Svensson2003). In other words, “a public servant who accepts gifts bestowed by a private person with the object of inducing him to give special consideration to the interests of the donor” (Atalas1999, p. ...
So it’s one law for the rich, and no law for everyone else. Not everyone really gives a Tuppeny Tortilla about what WalMart have been up to in Mexico, it is quite literally half a world away, yet it has grabbed all the corruption headlines here and in the USA. Consider the fate ...
The company does not yet know what it will have to pay in the UK and will find out when it is sentenced in November. Anti-corruption group Spotlight on Corruption said the guilty pleas were “hugely significant as a major corporate bribery conviction” but added it was “critical that the...