Tag Archive for: bribery
If the following survey results are any indication, a betting man would be doubling down on increased FCPA cases in 2016.
The study by international law firm Hogan Lovells and reported in the International Business Times highlights that, for over half of multinational companies, fighting bribery and corruption does not feature as a main priority.
The piece reveals that old habits die hard. A focus on short term sales goals, making deadlines/sales quotas and operating in areas where bribery runs rampant contribute to a casual attitude towards maintaining ethical behavior and staying true to internal values and external regulations.
Part two of our interview with Richard Bistrong, CEO of Front-Line Anti-Bribery LLC [read part 1]
How has corruption changed since you were prosecuted? Could someone get away with the same behavior now?
The FBI has tripled its investigatory resources, and the real teeth of international law enforcement cooperation, which I experienced as a covert cooperator in the US and UK, has significantly increased, becoming more sophisticated over the last 5 years, as we have seen in a number of global investigations.
My own getting caught should be a cautionary tale for others.
Part one of our interview with Richard Bistrong, CEO of Front-Line Anti-Bribery LLC
What was your experience like after your release from prison?
After my release, as I took a deep dive into the compliance community, I saw a very rich field of well-resourced and well-experienced practitioners from the legal, audit and investigatory communities. Accordingly, I saw a robust compliance discourse and debate among well-experienced professionals.
But I noticed something missing from the discussion: a front line perspective of what it is like to work in the field of international business- particularly in low integrity regions- and to confront corruption while at the same time being tasked with business growth.
Global sport has come to resemble big business in its reach, influence and profit margins- as well as its operating environment in which corruption can, and does, thrive. If there is a lesson to be learned, it is that it would have been a surprise if the organization were not corrupt. The game that FIFA has played for so many years is not the one you see on the field.