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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

U.S. corporations beg clarity on anti-bribery law

corruptionbribery February 23, 2012 0

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

Bribe Paying Countries. China Is Second Worst

corruptionbribery February 22, 2012 0

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

Why companies should be concerned about corruption

corruptionbribery February 17, 2012 0

Companies should be concerned about corruption not only because it impacts indirectly on sustainable development (because corruption leads to the misallocation of resources), but more importantly, their employees, suppliers and customers are confronted by

Former Alba Chief Charged In London

corruptionbribery February 17, 2012 0

An Australian executive who once served as CEO of state-owned Aluminium Bahrain B.S.C. ("Alba") was charged on Wednesday in the U.K. with taking bribes

The business case for an effective anti-corruption programme

corruptionbribery February 16, 2012 0

As global executives continue to seek growth opportunities in challenging markets, exposure to the reputational, legal, operational and financial impacts of corruption will continue to rise. Recognising this situation, business leaders are searching for

Top 10 Business Scandals and Ponzies in the United States

corruptionbribery February 15, 2012 0

The US has seen many financial and business frauds through the years. Many of these were well thought of and deliberately orchestrated by fraudsters. Others happened when unscrupulous persons took advantage of loopholes in

7 Things Companies And Their Ethics And Compliance Teams Can Do Better

corruptionbribery February 15, 2012 0

During the past few decades while working in various compliance roles, I have been fortunate to witness the impact of ethics and compliance programs that grew from the dedication and ingenuity of the corporate