Tag Archives: corruption

Anti-Bribery and Corruption, Compliance November 22, 2011

Alstom fined by Swiss prosecutor for corruption offences

The Swiss Federal Prosecutor has fined Alstom Network Schweiz AG SFr 2.5 million and ordered it to pay SFr 36.4 million in compensation… Continue Reading

Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends November 11, 2011

WEAK FIGHT AGAINST CORRUPTION IN FRANCE

A report published by Transparence Internationale (French branch of Transparency International) portrays a rather bleak state of affairs for the Judiciary in France in charge of cases relating to corruption (justice financière)… Continue Reading

Anti-Bribery and Corruption October 31, 2011

Avon investigated for corruption by the SEC for alleged offences in China

Last week Avon, the US door-to-door and online cosmetics manufacturer, announced that the US Securities Exchange Commission (SEC) has placed it under formal investigation in connection with allegations of bribery in China.… Continue Reading

Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends October 13, 2011

Corruption Investigation Into EADS/GPT – Will The Government Block This One too?

So one might take the view that "here we are again" five years later more allegations of corruption; involving a Saudi Royal again; the only difference is it is a UK subsidiary of EADS/GPT, on this occasion, and not British Aerospace. Presumably the Cameron government is faced with the same sort of dilemma, with similar pressure from the Saudi government.… Continue Reading

Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends, Financial Institution Regulation July 22, 2011

UK Financial Services Authority fines Willis Limited, insurance brokers, for failures in its anticorruption compliance programme – some sobering lessons for all companies

So, another large insurance broker has been publicly criticised and fined. According to the FSA, this was avoidable as Willis knew what they had to do in terms of compliance and they knew the risks to their business in relation to bribery and corruption, but it appears that their compliance was inadequate in several different respects… Continue Reading

Anti-Bribery and Corruption July 14, 2011

News Corp and its UK subsidiaries may face UK corruption charges and FCPA charges – does the Bribery Act apply?

News Corp's small (very small, given the vast number of problems) consolation is that the new Bribery Act 2010 with its unlimited fines and ten year prison sentences will not apply because the acts being investigated all pre-date 1st July 2011, when the Act came into force.… Continue Reading

Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends, Financial Institution Regulation February 24, 2011

Mabey & Johnson: three executives sentenced to imprisonment

Will more executives be joining Messrs Forsyth and Mabey to be held at Her Majesty's pleasure once the Bribery Act comes into force? The new Section 14 offence of consenting to or conniving in an offence by the company will make prosecution of senior executives much more straightforward for the SFO.… Continue Reading

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