The Magazine of Corporate Responsibility

Tag Archive for ‘Bribery’

Report Cites “New Era” in Global Anti-Corruption Fight

Efforts to combat transnational bribery and corruption could be enhanced by the creation of a top level U.S. government task force with a mandate to develop diplomatic and other incentives for adoption of laws similar to the U.S. Foreign Corrupt Practices Act (FCPA), especially in developing countries, according to a new report published by The Conference Board.

Daimler Agrees To Pay $185 Million to Settle Bribery Charges

The maker of Mercedes cars and trucks is the latest company dealing with fallout from violations of the U.S. Foreign Corrupt Practices Act. Transnational bribery and corruption are intensifying ethics and compliance concerns for companies doing business on a global basis as prosecutors pursue a record number of cases and penalties for offenses escalate dramatically.

US Likely to Broaden Anti-Bribery and Corruption Efforts

“The U.S. government – and not just the Justice Department, but the U.S. government more broadly – is going to focus on international corruption in a more comprehensive and even more rigorous way than it has in the past,” said Mark Mendelsohn, the Justice Department’s lead criminal prosecutor for violations of the Foreign Corrupt Practices Act.

Catching Bad Guys: International Law Enforcement Ups the Ante

New agreements between the U.S., Europe Union and 56 European member states aim to make life more difficult for transnational criminals by making it easier for countries to extradite individuals charged with crimes and to jointly develop and share information.