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May 2016 


Compendium Roundup

 
A number of new investigations were brought to light this month. Core Laboratories N.V. disclosed that the U.S. Department of Justice (“DOJ”) has contacted the company in connection with its investigation into Unaoil S.A.M. Core Laboratories allegedly was one of Unaoil’s clients and may have known about Unaoil’s alleged wrongdoing. FMC Technologies, Inc. also disclosed an inquiry from the DOJ this month concerning the services provided to the company by Unaoil pursuant to a consulting agreement under which certain proceeds were to be passed on to “the big cheese in Kuwait.”
 
Brazilian authorities raided a subsidiary of United States Steel Corporation as part of an investigation into whether the subsidiary had paid bribes to politicians to secure contracts with Petrobras. Another company, Vantage Drilling Co., under investigation by U.S. and Brazil authorities concerning alleged bribery in Brazil related toPetrobras, disclosed this month that it had informed both the DOJ and the U.S. Securities and Exchange Commission of an internal investigation into possible improper payments made to customs and immigration officials in Asia in 2010.
 
Finally, a Global Witness report released this month alleged that Sable Mining Africa Limited paid bribes to Liberian officials to change concession laws in the country to allow the company to secure an iron ore concession in Northern Liberia. Within weeks, the company was indicted on bribery charges in Liberia, and the Liberian government has sought assistance from the British government with its investigation into the company.
 
Visit the TRACE Compendium to view the complete entries, along with other updates from this month. 
 

May 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: TRACEpublic

TRACEpublic is the first global registry of beneficial ownership. The database is publicly accessible and any company may list its beneficial ownership or search the database at no cost. Developed in direct response to the risks inherent in secret company ownership, TRACEpublic enables companies to voluntarily and publicly share their ownership information as a means to enhance corporate transparency and facilitate meaningful due diligence. The database contains beneficial ownership information on thousands of companies in more than 100 countries. 

Read the full press release here. For more information about TRACEpublic download the FAQ.To register a business or conduct a search, go to tpms.traceinternational.org/TRACEpublic.  


TRACE Trends: A Compliance Conversation

Catch up on TRACE Trends blog posts from the past month using the links below or click here to subscribe to the blog and receive weekly emails when new content is published. 

TASA/Member Webinars

TASA: TRACE Anti-Bribery Specialist Accreditation®webinars are available to TRACE members at no additional charge. Register for a live webinar or view any recorded webinar in the TRACE Resource Center. For more information, contact info@theTASA.org.  

Upcoming Webinars: 
Compliance Issues in the Media and Entertainment Sector


Register >>
Date: 08 June 2016
Time: 12:00 pm - 1:00 pm EST; 5:00 - 6:00 PM GMT

Faculty: Kristy Grant-Hart, Founder and Managing Director, Spark Compliance Consulting

To register for upcoming webinars, click here.  

Interested in taking the TASA accreditation exam? Write toinfo@theTASA.org to begin the enrollment process and inquire about discounts and credits.


TRACE Roundtables: Last chance to register for Oslo and Zurich

Invite your colleagues in Oslo or Zurich to join TRACE this week for an advanced anti-bribery discussion on compliance best practices and enforcement trends. Led by Alexandra Wrage, President of TRACE, these complimentary roundtables are designed to provide companies with an open platform for discussion and opportunity to benchmark with peers. 


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.

To request an invitation, please write to workshop@TRACEinternational.org.  

Partner Events


JUNE
 
FCPA/Anti-Corruption
Hosted by: Northeast Florida Compliance and Ethics Group
2 June 2016
Jacksonville, FL
*Pia Vining, TRACE Senior Director speaking and TRACE representative 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
*TRACE representative attending
 
China Summit on Anti-Corruption
Hosted by: ACI
15 June 2016
Shanghai, China
*TRACE representative attending
 
10th Annual International Conference on Anti-Corruption, including AC training for IA & Accountants
Hosted by: C5
20 June 2016
London, UK

*TRACE representative 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

*TRACE representative attending
 
FCPA Bootcamp Chicago
Hosted by: ACI
27 June 2016
Chicago, IL


JULY

Anti-Corruption in High Risk Markets
Hosted by: ACI
18 July 2016
Washington, D.C.

*TRACE representative attending

OCTOBER

Collective Action: Evidence, Experience and Impact
Hosted by: Collective Action
21 October 2016
Basel, Switzerland

*
To request a meeting with the TRACE representative at any of these events, please write to workshop@TRACEinternational.org.

 

News & Press

Netting Corruption in Southeast Asia, Part 3
4 May 2016

Corporate Compliance Insights

Corruption impending FDI - Canadian High Commissioner 
5 May 2016
Ghana Web

TRACE Advantage: Peru
6 May 2016

EDC Exportwise

RCI Demonstrates Commitment to ABC Compliance
10 May 2016

Royal Cargo Inc

Netting Corruption in Southeast Asia, Part 4
11 May 2016
Corporate Compliance Insights

Your Compliance Program in Country Songs
12 May 2016

SCCE Compliance and Ethics Blog

TRACE Advantage: South Korea
20 May 2016

EDC Exportwise

Commercial Beneficial Ownership Registry Goes Live
25 May 2016

American Banker

Trace Launches Voluntary Beneficial Owner Database
25 May 2016

The Wall Street Journal

Trace International launches first global beneficial ownership registry
26 May 2016
Compliance Week

TRACE Advantage: Nigeria
27 May 2016

EDC Exportwise

Creating a Culture of Compliance

27 May 2016
Ethical Boardroom

The Morning Risk Report: Activist Group Changes Anti-Corruption Landscape
31 May 2016
The Wall Street Journal
 
Sincerely,

TRACE International, 151 West Street, Annapolis, MD 21401

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