Fraud and Corruption | Corruption and Bribery

Fraud and Corruption »

Real World Challenges under the FCPA and Bribery Act

corruptionbribery July 3, 2012 0

Last week I wrote a fictional piece about some of the challenges that a company might face in complying with the Foreign Corrupt Practices Act (FCPA). Unfortunately some of the concepts I wrote about

Santa Fe Springs official agrees to plead guilty to receiving bribes

corruptionbribery June 29, 2012 0

A federal corruption investigation spread to a second city Thursday when a Santa Fe Springs councilman agreed to plead guilty to receiving bribes from the owner of a medical marijuana store. Joseph Serrano Sr. will

Corruption: Greece’s failure to investigate major foreign bribery cases raises significant concerns, says OECD

corruptionbribery June 22, 2012 0

Greece has failed to promptly investigate a significant foreign bribery case and to provide timely information on its anti-bribery efforts, according to a new report. As a result, the OECD Working Group on Bribery

Calling Time on Corruption

corruptionbribery March 12, 2012 0

With the cost to Africa of fraudulent practices estimated at 25 per cent of its gross domestic product, serious steps are now being taken to stop the rot. Has Africa got a grip on

The True Costs of Corruption

corruptionbribery March 10, 2012 0

The World Bank estimates that corruption may cost the world economy about a $1 trillion a year. In more practical terms, as the chart below shows, corruption in some countries is robbing the world’s

Corruption continues to be the most common ethical issue for business

corruptionbribery March 10, 2012 0

Siemens, Alstom, Citigroup, Torex Retail, Innospec – just some of the companies who were recently named and shamed by the media for incidences of bribery, corruption and fraud. The Institute of Business Ethics’ latest Briefing,

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

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