Read a roundup of Compendium updates, take the monthly anti-bribery quiz, catch up on recent blog posts, and register for upcoming TRACE events.  
 
 
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November 2016 


Compendium Roundup

This month, JPMorgan Chase & Co. agreed to pay more than US $264 million in penalties, disgorgement and interest to the Federal Reserve Board of Governors, U.S. Department of Justice and U.S. Securities and Exchange Commission to resolve allegations that a subsidiary had misused an employment referral program to obtain business by making employment and internship decisions based on referrals by officials at state-owned enterprises in China.

Rio Tinto Group self-disclosed an internal investigation into potentially improper payments of US $10.5 million to a governmental consultant in the United Kingdom and the United States. The payments allegedly were related to the development of a mine in Guinea. The company also disclosed that it terminated the chief executive of the company’s Energy & Minerals segment and the executive of its Legal & Regulatory Affairs group.

Canadian authorities charged the president of Canadian General Aircraft with violating the Canadian Corruption of Foreign Public Officials Act when he conspired to bribe Thai military officials to purchase a jet from Thai Airways. The investigation did not turn up evidence that any officials were actually bribed or played a role in the conspiracy.

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

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


Take our quiz to find out! Better yet, share it with your co-workers to see who really is the compliance champion!   

Test your knowledge

 


Featured Resource: The TRACE Matrix

The TRACE Matrix measures business bribery risk in 199 countries. The overall country risk score is a combined and weighted score of four domains –
Business Interactions with the Government, Anti-bribery Laws and Enforcement, Government and Civil Service Transparency and Capacity for Civil Society Oversight, including the role of the media – as well as nine subdomains. Compliance professionals can use the domain and subdomain scores to assess the specific risks presented in each country and design compliance and due diligence programs targeted to those risks.


Visit www.traceinternational.org/trace-matrix to view the 2016 TRACE Matrix scores and download additional information.

For any queries about the TRACE Matrix, write to info@TRACEinternational.org.


Upcoming Webinar

Register for the FCPA Year-in-Review 2016 webinar led by Lucinda A. Low and Tom Best, partners at international law firm, Steptoe & Johnson LLP. This complimentary webinar will help companies draw practical insights from this year’s landmark cases including JP Morgan Chase, Och-Ziff, VimpelCom, Embraer, Nu Skin among others, and offers participants practical compliance tips to help navigate the evolving enforcement landscape. 
 

 

 
FCPA Year-in-Review
Date: 14 December 2016
Time: 1:00pm - 2:00pm EST;
6:00pm - 7:00pm GMT

Presenters:
Lucinda A. Low, Partner, Steptoe & Johnson LLP; Tom Best, Partner, Steptoe & Johnson LLP
Register >>
 
 

Investigative Reporting 

TRACE is currently accepting submissions for the 2017 Prize for Investigative Reporting. The award recognizes reporting that uncovers business bribery with the goal of increasing commercial transparency. For more information or to submit an entry, visit our website
 

Partner Events


DECEMBER

Invest in Africa’s Big Anti-Bribery Debate
Hosted by: Invest in Africa
6 December 2016
London, UK
*TRACE representative speaking

2nd Anti-Corruption EMEA Summit 2016
Hosted by: Duxes
6-7 December 2016
Dubai, UAE
 
4th Anti-Corruption Compliance Asia Pacific Summit 2016
Hosted by: Duxes
6-9 December 2016
Hong Kong
*TRACE representative speaking

Business Integrity and Compliance Conference
Hosted by: KNect 365 Law
8-9 December 2016
London, UK
*TRACE representative speaking


JANUARY

Africa Seminar on Anti-Corruption Risks and Compliance
Hosted by: ACI
30 January 2017
Houston, TX 

11th Houston Forum on FCPA
Hosted by: ACI
31 January – 1 February 2017
Houston, TX
*TRACE representative attending

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

News & Press


The cost of corruption
4 November 2016
The Buenos Aires Herald

Freight sector urged to do more on anti-corruption
16 November 2016
Lloyd's Loading List

Partners to Support Anti-Bribery Compliance in Shipping
17 November 2016
World Maritime News

How to Implement a Working Anti-Bribery Compliance Program
18 November 2016
The Risk Universe

New TRACE, RightShip Partnership Aims to Reduce Charterers’ Exposure to Bunker Fraud
23 November 2016
Ship & Bunker

What is the Most Corrupt Country in the World?
30 November 2016
Corporate Counsel

Syria Bribery Risk Soars in TRACE Index
1 December 2016
WSJ Risk & Compliance

Bribery is on the rise worldwide and it costs a lot more than just money
1 December 2016
Foreign Policy
 
Sincerely,

TRACE International, 151 West Street, Annapolis, MD 21401