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Anti-corruption due diligence in cross-border M&A
Global enforcement of anti-corruption laws is at an all-time high. Accordingly, it is imperative that an acquirer thoroughly investigate a target company's anti-corruption legal compliance as part of its preacquisition due diligence review. A
Read More »The Preventative Impact of the Bribery Act
The UK Bribery Act 2010 came into force on July 1, 2011 amid a lot of fanfare, resulting in many organizations taking steps to revamp their existing anti-corruption programmes or putting in place such
Read More »BP is dragged into SFO ‘bribery’ investigation
The oil giant is understood to have been in contact with SFO investigators over the bribery allegations relating to engineering projects one of its contractors is undertaking in the west Asian state. The contractor, as
Read More »Our Battle Against Corruption
There have been reports that the Shoura Council is in the process of laying down a strategy to fight corruption in the civil service, including enacting anti-bribery legislation. The Shoura Council would begin by
Read More »Combating Corruption is the Key that Unlocks Both Democracy and Development
Combating corruption unlocks both democracy and development”, according to Julie Fisher, author of a forthcoming book to be published by the Kettering Foundation later this year called “Importing Democracy: The Role of NGOs in
Read More »Challenges in Ensuring Anti-Corruption Compliance by Distributors
The Justice Department’s recent enforcement action against Smith & Nephew underscored an important point – companies can be responsible for FCPA violations committed by distributors of the company’s products. FCPA compliance professionals already
Read More »City’s Development System A Major Fraud Risk, Says Auditor
Imagine you’re a developer with a pal who handles permits for the city of San Diego. And say you thought the permitting fees were a little too high. Not to worry, your pal says,
Read More »Lack of anti-bribery and corruption measures
Top investment professionals lack anti-bribery and corruption due diligence procedures, a recent survey suggested. Only two out of 80 financial services firms had undertaken anti-bribery and corruption due diligence in an M&A transaction, said business
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