Top 10 Most Read Compliance and Anti-Corruption News Articles in Q3 2016
Transcript of Top 10 Most Read Compliance and Anti-Corruption News Articles in Q3 2016
TOP 10MOST READEthical Alliance
Daily NewsQ3 2016
10AB InBev to pay SEC $6 mln
to settle bribery charges“An SEC investigation found that a minority-owned joint venture of the Belgium-based company used third-party sales promoters from 2009 to 2012 to make improper
payments to officials in India to boost sales and production in that country, the agency said in a statement.”Click here to read more on the Ethical Alliance Daily News. The full
original article can be found at reuters.com
Photo: Mike Stones/Reuters
9AstraZeneca to pay US$5.52 million to resolve SEC foreign
bribery case“The U.S. Securities and Exchange Commission
detailed the settlement with the London-based drug company in an order instituting an administrative
proceeding arising out of violations of provisions in the Foreign Corrupt Practices Act.”
Click here to read more on the Ethical Alliance Daily News. The full original article can be
found at reuters.com
Photo: Phil Noble / Reuters
8U.K. Companies Could
Face Tougher Corruption Laws Under May
“Prosecutors, academics and corruption lobbyists have petitioned the government for years to widen
U.K. bribery laws to allow corporate prosecution for failing to prevent economic crimes such as fraud and money laundering. Companies can
already be pursued for failing to prevent bribery on their watch.”
Click here to read more on the Ethical Alliance Daily News. The full original article
can be found at bloomberg.com
Photo: thetimes.co.uk
7Corruption clean-up is top reason for China’s
slowdown: Former central banker
“If you look at the slowing down of the Chinese economy, I would argue that the number one
reason is not rebalancing. (It) is that policy makers are trying to clean up a lot of bad practices of local
government”
Click here to read more on the Ethical Alliance Daily News. The original article can
be found at channelnewsasia.com
Photo: David li
6Rolls-Royce Unit Mired in
German Bribery Probe Over Asian Sales
“Rolls-Royce Holdings Plc’s German unit, which paid 12 million euros ($13.3 million) as part of a settlement of a corruption case over
sales in South Korea, is embroiled in an expanding bribery investigation over sales
across seven Asian countries.”
Click here to read more on the Ethical Alliance Daily News. The full original article can be found
at bloomberg.com
Photo: BLOOMBERG
5Wal-Mart must face
U.S. class action over alleged Mexican bribery
“The decision means shareholders can sue Wal-Mart and former Chief Executive Mike Duke as a
group over the alleged cover-up of bribery at Wal-Mart de Mexico..”
Click here to read more on the Ethical Alliance Daily News. The full original article can be found at reuters.com
Photo: Daniel Becerril
4Leonardo DiCaprio’s
charity urged to repay donations linked to 1MDB Malaysian fund scandal
“The US Department of Justice says that donations made to the Leonardo DiCaprio Foundation, (LDF),
which is an environmental charity, came from billions allegedly siphoned from the sovereign wealth fund set up in 2009 by Malaysia’s prime
minister Najib Razak.”
Click here to read more on the Ethical Alliance Daily News. The full original article
can be found at ibtimes.co.uk
Photo: Reuters
3Serious Fraud Office
opens Airbus corruption investigation
“The allegations relate to irregularities concerning third party In April, UK authorities froze export credit applications by Airbus. The SFO was asked to look at documentation provided by the company about
its use of overseas agents.”
Click here to read more on the Ethical Alliance Daily News. The full original article can be found
at bbc.com
Photo: BBC
2Goodbye Boozy Dinners: Korean Business Braces
for Corruption Crackdown“Extravagant dinners with whiskey and wine,
golfing weekends, pricey beef and seafood gift sets. South Korean companies are trying to figure
out how to do without these common forms of business hospitality before the nation’s toughest-
ever anti-graft law takes effect...”
Click here to read more on the Ethical Alliance Daily News. The full original article
can be found at bloomberg.com
Photo: Seongjoon Cho /BLOOMBERG
1New Panama Papers series exposes secret
deals in Africa“New revelations published by the International Consortium of Investigative Journalists (ICIJ), in
collaboration with more than a dozen news organizations in Africa, expose fresh details about the misuse of corporate secrecy and hidden wealth
in Africa, the world’s poorest continent.”
Click here to read more on the Ethical Alliance Daily News. The full original article can be
found at icij.org
Photo: PANAMAPAPERS.ICIJ.ORG
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