Corruption and Bribery

Insurers lost over Rs 30,000 crore due to frauds in 2011: Study

corruptionbribery March 5, 2012 0

Indian insurance companies have borne a loss of over Rs 30,000 crore in 2011 due to different kinds of frauds, a study has claimed. It cited collusion between the

Does Your Compliance Program Need a Check-Up?

corruptionbribery March 3, 2012 0

When was the last time your anti-corruption compliance program had a check-up? Like any other “wellness” program, a periodic review of a company’s compliance program is an integral component of its overall health.

Writing on a Blank Slate — Creating an Anti-Corruption Program

corruptionbribery March 2, 2012 0

What if – and this is a big what if – your company is starting from scratch on its anti-corruption compliance program? Your company’s Code of Conduct includes a paragraph prohibiting foreign bribery and

Puerto Rico Senator, Businessman Sentenced For Bribery

corruptionbribery March 2, 2012 0

A Puerto Rican senator and a businessman were each sentenced to four years in prison for their roles in a bribery scheme.Former Sen. Hector Martinez Maldonado was ordered to pay a $17,500 fine. Juan

The Cost of Non-Compliance

corruptionbribery March 1, 2012 0

Global companies face increasing corruption risks — more countries are passing anti-corruption laws and enforcement is on the rise. With the need for more sophisticated and rigorous anti-corruption compliance programs, corporate leaders face

Corporate Responsibility for Improved Business Ethics

corruptionbribery February 29, 2012 0

Business ethics – it’s far more than a buzz phrase. Business ethics are a real concern and there is a corporate responsibility to reduce corruption and improve accountability. Through the implementation of business ethics

Rooting out bribery in business

corruptionbribery February 29, 2012 0

Corruption isn't only limited to government and corporations, even designers have been found guilty of bribing A-list celebrities to wear their gowns on the red carpet. The Oscars are looming and designers and fashion houses

Risk Assessments under the UK Bribery Act

corruptionbribery February 28, 2012 0

“In order to solve a problem, it must first be identified”, author Harvey Mackay wrote “People don’t usually buy products and services. They buy solutions to problems.” He notes that successful sales people “tailor