It was not that long ago that I wrote a post about best practices on incentives for whistleblowers in different parts of the world. It was a great news to me to discover recently that well in advance of my post a group of lawyers, media specialists, civil society activists started to develop a legislative ...Read More
On 18 February 2016, US DoJ and SEC announced “a global settlement that requires telecommunications provider VimpelCom Ltd. to pay more than $795 million: $167.5 million to the SEC, $230.1 million to the U.S. Department of Justice, and $397.5 million to Dutch regulators.” ...Read More
Let me start this post with a few questions. Have you ever reported a corruption offence you encountered? If not, what prevented you from doing so? Would you report bribery if you could get a monetary reward for it? Say, something between $100k and few millions? ...Read More
According to DoJ Announcement of December 20, 2013,“Alfred C. Toepfer International Ukraine Ltd. (ACTI Ukraine), a subsidiary of ADM (Archer Daniels Midland Company), pleaded guilty and agreed to pay more than $17 million in criminal fines to resolve charges that it, in violation of FCPA ...Read More
In the first part of this post I rather touched the theoretical part, i.e. what the law exactly says; now is the time to see real life examples of how FCPA is enforced and its extended overseas reach.
It is important to note that interpretation of legislation has always been a privilege of the judicial ...
Every now and then we see the headlines about some company or organization is being pursued for committing acts of corruption in different parts of the world. One could think about the latest FIFA corruption scandal or the Forbes listed Mr. Dmytro Firtash, who was detained in Switzerland ...Read More
Speaking with specialists in compliance field and managers of Ukrainian branches I realized that many of us do not read essential readings and rely only on internal company’s policies, procedures, frameworks, trainings and guidance. Indeed it is wise and important to build global consistency in ...Read More