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U.S. corporations beg clarity on anti-bribery law
U.S. corporations asked the government to explain what it considers a bribe of a foreign official, saying the lack of clarity has had a chilling effect on business. The Chamber of Commerce and dozens of
Read More »Bribe Paying Countries. China Is Second Worst
Transparency International has just come out with a new ranking of bribe paying countries, entitled the 2011 Bribe Payers Index (h/t The Diplomat). This index "ranks 28 of the world’s largest economies according to
Read More »S.Korea parliament speaker charged with bribery
Prosecutors in South Korea said they charged the parliament speaker and two others with bribery in a scandal that caused the speaker to resign his seat. The charges were brought against Park Hee-Tae, one of
Read More »Indian Companies Most Corrupt while Doing Business Abroad
In the recent years, the “Made in India” phrase may have gained substantial momentum but the practices remain one of the most abominable in terms of global best practices approach. There has been significant
Read More »Survey Finds Bribery, Corruption In Middle East Increasing
Nearly two-fifths of respondents to a new survey said they expect their organization to face incidents of bribery or corruption in the Middle East over the next year. The responses, which come from a Middle
Read More »Chicago Leads Nation In Corruption
With infamous Illinois mobsters like Al Capone and John Dillinger, it is no surprise that corruption is sometimes associated in Illinois. Just how high that corruption ranks, though, may surprise you. Chicago leads the nation
Read More »The Anatomy of Corruption in Public Procurement
Public procurement presents significant risk under the U.S. Foreign Corrupt Practices Act (FCPA). Cases like Siemens Argentina, Siemens Venezuela, Johnson & Johnson, and Tenaris highlight the risk. Large amounts of money are at stake
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