TRACE is excited to offer participants in today’s 10 Days of Giving promotion a complete package of TRACE Matrix country reports which include detailed data for every country. This special bundle is only being offered to participants of today’s promotion and is not available for download on the TRACE website.
The TRACE Matrix, which launched last month, is the first global business bribery risk index for the compliance community. It measures business bribery risk in all countries assessing bribery risk across four domains – Business Interactions with Government, Anti-bribery Laws and Enforcement, Government and Civil Service Transparency, and the Capacity for Civil Society Oversight, including the role of the media – as well as nine sub-domains.
*Please note: Entries for this giveaway will be accepted between 8:00 AM EST and 11:59 PM EST today. All participants will receive a complimentary copy of the TRACE Matrix reports within 3 business days.
One of our most popular compliance resources of 2014, the TRACE Compliance Clauses were developed in collaboration with in-house counsel from TRACE Corporate Member companies. This set of standardized anti-bribery clauses reflects best practices across multiple industries and businesses of all sizes. The Compliance Clauses include a minimum set of Anti-Bribery Provisions prohibiting all conduct covered by international anti-corruption laws, as well as optional clauses that may be added based on the type of contract or third party relationship and the associated risk level.
*Please note: Entries for this giveaway will be accepted between 8:00 AM EST and 11:59 PM EST today. All participants will receive a complimentary copy of the Compliance Clauses within 3 business days.
Additional Details This offer may not be redeemed by service providers.
TRACE’s annual 10 Days of Giving holiday promotion starts Monday, December 8. During the 10 Days of Giving, TRACE will give away one anti-bribery compliance resource or service each weekday (Monday-Friday) for two weeks! Some changes to the promotion have been incorporated this year to give participants in different time zones a better chance of winning. Instead of prizes awarded on a first-come-first-served basis, all giveaways will be awarded using random selection. All participants who have responded to the offer within the timeframe of 8:00 AM EST to 11:59 PM EST for each day will have an equal chance of winning the day’s prize. There will also be a bonus prize awarded to one lucky winner who participates in each day of the promotion!
Walmart Fires Mid-level Manager Amid FCPA Investigation – The company said that it had fired a mid-level manager in India as part of the company’s ongoing internal FCPA bribery investigation. Meanwhile, the global retailer has also indicated a decline in sales in China due, in part, to the country’s recent crackdown against gift-giving to government officials there.
FIFA Report Clearing Itself of Wrongdoing Stokes More Allegations of Corruption – The report, summarizing an 18-month investigation by the former New York district attorney Michael Garcia, cleared the organization of any wrongdoing in the bidding process for the 2018 and 2022 World Cup tournaments in Russia and Qatar. Even so, allegations of corruption against FIFA continue to emerge, and several sponsors, including Sony and UAE Emirates Airline, have pulled out from the events.
Bio-Rad to Pay $55 Million In FCPA Case – Bio-Rad Laboratories agreed to pay $55.1 million to the SEC and DOJ to resolve allegations that the company’s subsidiaries in Russia, Vietnam, and Thailand violated the anti-bribery and books and records provisions of the FCPA by making improper payments totaling $7.5 million. The complete Compendium summary for this case may be accessed here.
Mexico Cancels Winning Bid for Bullet Train Amid Bribery Allegations –The Mexican government decided to start the bidding process over again after several potential bidders, including Siemens and Mitsubishi, claimed foul when a Chinese-led consortium won the $3.75 billion tender. President Enrique Peña Nieto has been embroiled in the scandal as well, after it was revealed that a Mexican company associated with the winning bid owns a $7 million mansion apparently reserved for the presidential family.
SCOTUS Declines to Hear 3rd Circuit Decision Regarding Privilege Exception in FCPA Case – The Supreme Court of the United States declined to hear a 3rd Circuit decisionIn Re: Grand Jury Subpoena holding that attorney communications were not necessarily privileged in the context of an ongoing FCPA grand jury investigation. The 3rd Circuit noted that the district court was justified in finding that defendants used information provided to them by their attorney — that undertaking a particular course of action could very likely violate the FCPA — in order to better hide their wrongdoing from law enforcement.
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