Mr Alderman's speech is, overall, very encouraging in that he believes that we in Britain often underestimate the way the rest of the world views the way in which the UK is tackling corruption… Continue Reading
The Assembly also designated 9 December as International Anti-Corruption Day, to raise awareness of corruption and of the role of the Convention in combating and preventing it.… Continue Reading
The SEC and DOJ regularly enter into binding settlement and plea agreements to resolve fraud and corruption matters in both civil and criminal contexts.… Continue Reading
The SEC and DOJ have long encouraged corporates to voluntarily disclose possible violations of the law. And both the SEC and DOJ offer lesser sanctions - even amnesty in certain cases - for corporates that timely self report suspected violations. Both the DOJ and the SEC stress that the key to receiving credit for self reporting is promptness. Corporates are expected to timely report potential violations identified through internal reporting or compliance programs or an internal investigation.… Continue Reading
To say regulators in the US and UK have traditionally used different tools to ferret out and punish fraud and corruption is a considerable understatement. As compared with the Serious Fraud Office (SFO) and the Ministry of Justice (MOJ), the United States Securities and Exchange Commission (SEC) and their counterparts at the Department of Justice (DOJ) take a more active approach to identifying and prosecuting - and in appropriate cases, settling - fraud and corruption cases.… Continue Reading
Identifying the relevant factors and carrying out a proper risk assessment should be the first item on a compliance officer's 'to do' list.… Continue Reading
The further delay in the implementation of the Bribery Act by the Ministry of Justice in order to review its guidance raises the issue as to whether the time for the coming into force of this Act will ever be right.… Continue Reading
Recently a local parish council wrote to members of its bowls club asking them to cease giving Christmas gifts to the club's ground staff, fearing that such gifts could constitute bribery… Continue Reading
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