Wednesday, October 29, 2014 1:22
China's corruption crackdown went up another notch this week. News reports in China report that private clubs are being closed down as part of China's increasing crackdown on corruption following a new regulation published this month. The new regulation emanated from the general offices of the Communist Party of China Central Committee and the State Council. It is widely thought that corrupt deals are brokered in private clubs out of the public gaze accompanied by expensive food and wine. All private clubs established at historical sites and public parks, with or without the required licenses, should be shut down or transformed into other businesses, according to the regulation, which will take effect on Saturday. Ren Jianming, director of the Clean Governance Research and Education Center at Beihang University said: "This type of corrupt practice used to be hard to track, as it happened in members-only clubs not open to the public and was a kind of ...
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Richard Bistrong: “Countering Small Bribes.” A Personal Perspective on the Guidance by Transparency International
I bribed foreign officials, I cooperated with international law enforcement, and I went to prison. So reads the opening line to Richard Bistong's bio from his own blog. Today we are posting a guest article by Richard Bistrong about the importance of cracking down on small bribes or facilitation payments. They are, in our view, the thin end of the wedge. Richard knows about bribery. From the front line and that makes his opinion count. You may not agree with everything Richard says. But if you are serious about preventing bribery you should listen to what Richard says. We are honoured that Richard has agreed that we may post this article on our site. You should add Richard's own blog to your list of daily reads. Richard, over to you: First, whenever I read a paper, book or guidance about “how to pay a bribe,” or “how to avoid a bribe,” etc., it is always ...
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News & what’s on
Three years ago Bribery Inc. went mad. Every law firm, accounting firm and uncle Tom Cobley and all got into the anti bribery business. Many detailed anti-bribery policies were sold, placed on corporate intranets and training given. Three years on and many are reviewing their policies and looking back at how they've been operating for the last three years. This is a sensible thing to do. Many anti-bribery policies are extensive. They cover in detail the six principles set out by the Ministry of Justice and may even cover the ten hallmarks identified by the US DoJ and SEC. They may include statements about rolling risk assessments, due diligence lists, annual training and certifications, M&A due diligence, corporate hospitality approvals, supplier due diligence etc. We could go on. And many policies do. And this is where they go wrong. Because the longer they are the less likely it is anyone will read them or even know where ...
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Bribery Act & Proceeds of Crime
"...do not expect us not to pursue lines of enquiry around how an internal investigation has been conducted, particularly if it cuts across our investigation and appears designed to do so. Do not expect the rewards of co-operation if you offer none. Do not tell others that you are co-operating if you are not." stern stuff from Alun Milford , SFO General Counsel, speaking recently at the Global Investigations Summit. But not unreasonable. The speech went over a fair amount of old ground (though it's worth a read if you haven't already). We've distilled it into 5 top tips from the SFO: Self Reports must accept the company did wrong, tell the SFO something they don't already know or would not have found out anyway The SFO may trust, but it WILL verify Co-operation, co-operation, co-operation Do not take steps (for example by churning up the evidence) which the SFO will consider will frustrate their investigation Some stuff ...
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Your Questions: Answered
Dear Barry & Richard, My company runs a summer internship program and applications to participate close in the Spring. Every year I typically receive extra requests outside the program, in July and August, to provide a week or two vacation placement work experience for kids who are the children of people who know colleagues of mine. When I tell my colleagues in the business that the deadline for applications has been missed I am met with pleas to make an exception in this or that case, told that the commitment has already been made or that I'm just not being very commercial. On the other side of the coin though I have read that an internship could be a bribe and so I don't know what to do. Should I cancel the internship program? Barry and Richard Answer Don't cancel the internship program. You are not alone in dealing with these challenges. Back in the day when an internship ...
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