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September 2016 


Compendium Roundup

A flurry of enforcement actions occurred in the United States this month. Och-Ziff Capital Management Group LLC and OZ Management LP agreed to pay US $413 million in penalties, disgorgement and interest to the U.S. Securities and Exchange Commission (“SEC”) and the U.S. Department of Justice (“DOJ”) to resolve allegations that they paid bribes to government officials to secure investments and business in countries including Libya, Chad, Niger and the Democratic Republic of the Congo. Anheuser-Busch InBev SA/NV agreed to pay US $6,008,291 to the SEC to resolve charges that a subsidiary reimbursed expenses that were improper payments to government officials for beer orders and increased brewing hours. Nu Skin Enterprises, Inc. agreed to pay US $765,688 to the SEC to resolve allegations that a subsidiary gave RMB 1 million to a charity to convince a Chinese Communist party official to intervene on the subsidiary’s behalf in an ongoing government investigation. And Jun Ping Zhang, the former Chairman and CEO of a Harris Corporation subsidiary, agreed to pay a civil penalty of US $46,000 to the SEC to resolve allegations that he allowed employees to pay between US $200,000 and US $1 million to officials at Chinese health departments and state-owned hospitals. The SEC closed its investigation into Harris Corporation this month; the DOJ had previously closed its investigation into Harris Corporation in December 2015.

Visit the TRACE Compendium to view the complete entries, along with oher updates from this month. 

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

Are you up-to-date on this month's anti-corruption 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: Online Anti-Bribery Training Now Available in 24 Languages

TRACE recently added 6 new languages to our Anti-Bribery Compliance Training for Employees and Intermediaries. New languages include Dutch, Hungarian, Icelandic, Norwegian, Taiwanese and Thai. The course is now available in a total of 24 languages. For a full list of languages view the Quick Guide to TRACE Online Training Languages flyer here.

Unlimited access to all TRACE Online Training courses is provided to TRACE Members at no additional cost. To request a new member training site or demo of the online training courses, please write to training@TRACEinternational.org.

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 tasa@traceinternational.org.  

Upcoming Webinars: 

 
Conducting Effective Internal Investigations

Register >>
Date: 5 October, 2016
Time: 1:00 pm - 2:00 pm EST; 5:00 pm - 6:00 pm GMT
Faculty: Charles E. Duross, Partner, Morrison & Foerster; James M. Koukios, Partner, Morrison & Foerster
 
Third Party Due Diligence in Brazil: Identifying Obscure Red Flags and Responding to Bribery Risks

Register >>
Date: 19 October, 2016
Time: 10:00 am - 11:00 am EST; 2:00 pm - 3:00 pm GMT
Faculty: Roberto Berry, Assistant General Counsel International Affairs and Compliance, FCA Fiat Chrysler Automobiles; Jordana Ragazzini Compagnoni, LATAM Legal & Compliance Affairs, FCA Fiat Chrysler Automobiles
 
Voluntary Self-Disclosure, Cooperation and Remediation under the DOJ's Pilot Program


 
Date: November, 2016
Time: TBD
Faculty: Jeffrey D. Clark, Partner, Willkie Farr & Gallagher LLP

To register for upcoming webinars, click here.  

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

TRACE Roundtables & Workshops

Participate in a high level roundtable discussion or train your local employees and third parties at an upcoming TRACE workshop.
 
Stockholm, Sweden
Roundtable
October 6, 2016
Nobis Hotel
View agenda
 
Paris, France
Roundtable
December 2, 2016

Park Hyatt Paris-Vendôme
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.   
 
There are currently no upcoming workshops. Please check back later or write to workshop@TRACEinternational.org for updates.

Partner Events


OCTOBER

FIATA World Congress
Hosted by: FIATA
3-8 October 2016
Dublin, Ireland
*TRACE Representative Speaking
 
Women in Compliance Conference
Hosted by: C5
4-5 October 2016
London, UK

2016 Kyiv International Economic Forum
Hosted by: Kyiv International Economic Forum
6 October 2016
Kyiv, Ukraine
*TRACE Representative speaking
 
ECIIA Conference on GRC
Hosted by: The Swedish Institute of Internal Auditors
6-7 October 2016
Stockholm, Sweden
*TRACE Representative Speaking

Pan African Lawyers Union 7th Annual Conference
Hosted by: Pan African Lawyers Union
12-15 October 2016
Nairobi, Kenya
*TRACE Representative speaking
 
Supply Chain Risks & Rewards in Emerging Growth Markets
Hosted by: Emerging & Frontier Markets Association and Baker & McKenzie
13 October 2016
Washington, D.C.
*TRACE Representative Speaking
 
Annual Anti Bribery and Corruption Forum
Hosted by: The Financial Crime & Corruption Association
13-14 October 2016
London, United Kingdom
*TRACE Representative attending
 
9th West Coast FCPA Enforcement & Compliance Conference
Hosted by: ACI
18-19 October 2016
San Francisco, CA

C5’s 3rd Annual Conference on Anti-Corruption
Hosted by: C5
18-19 October 2016
Madrid, Spain
*TRACE Representative attending
 
Inc. 5000 Conference and Gala
Hosted by: Inc. 5000
18-20 October 2016
San Antonio, TX
*TRACE representative attending

Life Sciences IP Summit
Hosted by: C5
18-20 October 2016
London, UK

Collective Action: Evidence, Experience and Impact
Hosted by: Collective Action
20-21 October 2016
Basel, Switzerland
*TRACE representative attending
 
Houston Logistics Forum
Hosted by: Houston Intercontinental Chamber of Commerce
27 October 2016
Houston, TX
*TRACE representative speaking

NOVEMBER

Anti-Corruption: The Nordics
Hosted by: C5
1-2 November, 2016
Oslo, Norway

Anti-Corruption Italy
Hosted by: C5
8-9 November 2016
Milan, Italy

5th Asia-Pacific Summit on Anti-Corruption
Hosted by: ACI
15-16 November 2016
Singapore
*TRACE representative attending

2nd Andean Summit on Anti-Corruption Compliance & Enforcement
Hosted by: ACI
16-17 November 2016
Bogota, Colombia

Foreign Corrupt Practices Act
Hosted by: ACI
29 November – 2 December 2016
Washington, D.C. 

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

News & Press

Assessing business bribery risk abroad (19-part series)
2 September 2016
Lexology

A Year Later, GCs Say Yates Memo Undermining Their Roles
8 September 2016
Corporate Counsel

Who are the most corrupt countries to do business with?
20 September 2016
Air Cargo Eye
Sincerely,

TRACE International, 151 West Street, Annapolis, MD 21401

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