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April 2016 


Compendium Roundup

The streak of enforcement activity in the United States based on the Foreign Corrupt Practices Act (“FCPA”) continued this month, with Las Vegas Sands Corp. agreeing to pay US $9 million to the U.S. Securities and Exchange Commission (“SEC”) to resolve allegations that the company violated the FCPA by providing US $62 million to a Chinese consultant without supporting documentation or appropriate authorization. The company allegedly used the consultant as a “beard” to hide LVSC’s role in transactions that would otherwise not be permitted or approved, including purchasing a basketball team and developing a resort in China.

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April 2016 Quiz: Are You Up-to-Date on This Month's Anti-Corruption News?

There were many developments this month in the world of anti-bribery compliance.  Are you up-to-date on the latest news?  Take our quiz below to find out.  Better yet, share with your compliance teammates and see how your compliance chops stack up!  

Test your knowledge.

Featured Resource: Member Resource Center 

Develop in-house anti-bribery compliance expertise and access the acumen of attorneys around the globe. 

TRACE members enjoy unlimited access to ourResource Center which houses more than 1,000 compliance materials, including webinars, training vignettes, and local law resources. Members also have access to a TRACE attorney and our network of Partner Law Firms for compliance program support. 
 
To inquire about membership, please write to membership@TRACEinternational.org or call +1 410.990.0076 to speak with a representative.
 
Download a complete list of member benefits.


TASA/Member Webinars

TASA: TRACE Anti-Bribery Specialist Accreditation®webinars are available to TRACE members at no additional charge. For more information, contact info@theTASA.org.  

Upcoming Spring Webinars: 
   
Leveraging Corporate Compliance Programs to Address Human Rights Challenges: Risks and Opportunities
 
Date: 18 May 2016
Time: 11:00 am - 12:00 pm EST; 4:00 - 5:00 PM GMT
Faculty: Sarah Altschuller, Counsel, Foley Hoag’s Corporate Social Responsibility (CSR)
Combatting Judicial Corruption in Sub-Saharan Africa

 
Date: 25 May 2016
Time: 11:00 am - 12:00 pm EST; 4:00 - 5:00 PM GMT
Faculty: Herbert A. Igbanugo, Shareholder, Igbanugo Partners Int'l Law Firm, PLLC

To apply for the TASA program and receive access to upcoming live and recorded webinars, please write to info@theTASA.org or visit www.theTASA.org

TRACE European Roundtable Series

TRACE is pleased to announce the first European Roundtable Series which will bring together TRACE Member Companies in Europe to discuss the latest anti-bribery developments, enforcement trends and compliance best practices in the region. In recent years many countries within Europe have implemented or overhauled their anti-bribery regimes. Companies that currently comply with the US Foreign Corrupt Practices and UK Bribery Act must now also meet anti-bribery laws in their own countries.

Led by TRACE International, these complimentary roundtables will provide European companies with the opportunity to engage in a lively and practical discussion on enhancing their compliance programs.

Amsterdam Roundtable
May 31, 2016
Intercontinental Amstel

View agenda.   

Oslo Roundtable
June 02, 2016
Grand Hotel Oslo

View agenda.

Zurich Roundtable
June 03, 2016
Park Hyatt

View agenda.


Space is limited to 20 participants. Attendance is by invitation-only. Registration is limited to one representative per company and is on a first-come, first-served basis.

For more information on upcoming TRACE events, please write to workshop@TRACEinternational.org or visit our website at www.TRACEinternational.org/member-activities

Partner Events


MAY

A Journey to the Dark Side of International Business and Steps to Protect Your Organization
Hosted by: George Washington University
4 May 2016
Washington, D.C
*Martha Mallory, Business Development Manager, Latin America, attending

Sport Resolutions 2016 Conference
Hosted by: Sport Resolutions
5 May 2016
London, UK
*Alexandra Wrage, TRACE President, speaking
 
Paris Anti-Corruption & Economic Sanctions
Hosted by: Valiant Media
11 May 2016
Paris, France
*David Ireland, Business Development Consultant, Europe, attending
 
Tackling Corruption Together
Hosted by: Commonwealth Enterprise and Investment Council
11 May 2016
London, UK
*Alexandra Wrage, TRACE President and Jake Storey, Strategic Advisor, Maritime Initiatives, attending
 
18th Annual New York Conference on the Foreign Corrupt Practices Act
Hosted by: ACI
16 May 2016
New York, NY
*Virna Di Palma, Senior Director, Global Strategy, attending
 
Strategies and Innovations for Anti-Corruption Compliance Programmes
Hosted by: C5
19 May 2016
Copenhagen, Denmark
 
Advanced Strategies to Managing Third Party Corruption Risks
Hosted by: C5
20 May 2016
Copenhagen, Denmark
 
Compliance Week 2016 Conference
Hosted by: Compliance Week
23 May 2016
Washington, D.C.
*Andy Hughes, Senior Business Development Manager, attending
 
6th Brazil Summit on Anti-Corruption
Hosted by: ACI
24 May 2016
Sao Paulo, Brazil
 
8th Anti-Corruption Compliance in China Summit 2016
Hosted by: Duxes
26 May 2016
Beijing, China
*Michelle Juan, Business Development Consultant, APAC, speaking
 
8th Russia and CIS Summit on Anti-Corruption
Hosted by: ACI & C5
31 May 2016
Moscow, Russia
 
DICO FORUM Compliance
Hosted by: DICO
31 May 2016
Berlin, Germany
*Alexandra Wrage, TRACE President, speaking and David Ireland, Business Development Consultant, Europe, attending


JUNE
 
FCPA/Anti-Corruption
Hosted by: Northeast Florida Compliance and Ethics Group
2 June 2016
Jacksonville, FL
*Pia Vining, TRACE Senior Director speaking and Mike Snyder, Business Development Manager, attending
 
Supplier Relationship Management (SRM) Forum
Hosted by: Manufacturers Alliance for Productivity and Innovation
8 June 2016
Rosemont, IL
*Alexandra Wrage, TRACE President, speaking
 
14th Annual IBA Anti-Corruption Conference
Hosted by: International Bar Association
15 June 2016
Paris, France
*David Ireland, Business Development Consultant, Europe, attending
 
China Summit on Anti-Corruption
Hosted by: ACI
15 June 2016
Shanghai, China
*Michelle Juan, Business Development Consultant, APAC, attending
 
10th Annual International Conference on Anti-Corruption, including AC training for IA & Accountants
Hosted by: C5
20 June 2016
London, UK
*David Ireland, Business Development Consultant, Europe, attending
 
Third-Party Risk, Management, Oversight, and Controls
Hosted by: Financial Research Associates, LLC and Compliance Week
20 June 2016
Chicago, IL
*Anne-Marie Zell, Manager, Member and Advisory Services, speaking
 
UN Global Compact Leaders Summit 2016
Hosted by: The UN
22 June 2016
New York, NY
*Virna Di Palma, Senior Director, attending
 
FCPA Bootcamp Chicago
Hosted by: ACI
27 June 2016
Chicago, IL

 

News & Press

Meet the Russian Cellist Behind Putin's Alleged Offshore Fortune
4 April 2016
Time Magazine
 
First 5 Calls: Ghana
5 April 2016
EDC Exportwise
 
TRACE Advantage: United Arab Emirates
15 April 2016
EDC Exportwise
 
Unaoil bribery scandal offers harsh lesson in due diligence controls
19 April 2016
Compliance Week
 
Eunisell Successfully Completes TRACEcertification, an internationally recognized due diligence review, for fifth consecutive year
21 April 2016
Eunisell
 
TRACE Advantage: Germany
22 April 2016
EDC Exportwise
 
China Quashes G-20 Anticorruption Task Force, Will Host Conference Instead
25 April 2016
The Wall Street Journal
 
Iranian compliance tips for the post-sanctions era (p.71)
26 April 2016
Heavy Lift and Project Forwarding International
 
Panama Papers: A time for thoughtful and coordinated leadership
27 April 2016
The SCCE Compliance and Ethics Blog
 
TRACE Advantage: Philippines
29 April 2016
EDC Exportwise
Sincerely,

TRACE International, 151 West Street, Annapolis, MD 21401

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