The January roundup of enforcement actions, TRACE news and events, and more.  




January 2017 

This Month's Highlights

The TRACE newsletter has been refreshed for 2017. A new edition of the TRACE Matrix, the global business bribery risk index, has been released. A number of enforcement actions were announced in the compendium this month including General Cable Corporation ($75.7 million), Mondel─ôz International, Inc. ($13 million) and Zimmer Biomet Holdings, Inc. ($30.4 million). Learn more about using compliance as a business strategy. And finally, TRACE is currently accepting entries for the annual Innovation in Anti-Bribery Compliance Award

Spotlight On: The TRACE Matrix

The TRACE Matrix measures business bribery risk in 199 countries and is the Global Business Bribery Risk Index for the compliance community. A total of 14 scores across four domains and nine sub-domains provides companies with detailed information on the nature and extent of the specific business bribery risks they are likely to face when operating in foreign markets.

View the 2016 TRACE Matrix scores and download additional information.

Compendium Roundup

This month, a number of enforcement actions were announced, with General Cable Corporation, Mondel─ôz International, Inc., Zimmer Biomet Holdings, Inc. and Orthofix International N.V. all settling allegations by U.S. Department of Justice (“DOJ”) and/or the U.S. Securities and Exchange Commission (“SEC”).  
Also this month, Rolls-Royce Holdings plc agreed to pay more than US $1.2 billion in penalties and disgorgement to resolve investigations by the DOJ, the U.K. Serious Fraud Office and the Brazilian Ministério Público Federal. And following a settlement made with the SEC in April 2016, Las Vegas Sands Corp. agreed to pay US $6.9 million in a settlement with the DOJ.

Visit the compendium to view the complete entries, and subscribe to receive the alerts in your inbox. 

TRACE News and Press

Bribery is Bad…For Business

Setting aside social arguments against bribery, far too little is said about how bad bribery is for business.
Forbes, 25 January, Alexandra Wrage

Tone at the (Very) Top: Assessing Leadership Qualities During Inauguration Week

In the world of compliance, the ideal is leadership that leads by example—with candor and transparency—to create an ethical atmosphere. The right tone at the top is a critical component of a well-governed ethical organization.
Corporate Counsel, 19 January, Alexandra Wrage
This tool could be your company’s answer to reducing bribery risk in international business

The 2016 TRACE Matrix is the latest tool businesses should have in their arsenal to understand and confront the challenges of fighting bribery in international commerce. It provides a snapshot of the factors that make it more or less likely that someone doing business in a given country will be asked by a government official to pay a bribe.
Trade Ready Canada, 12 January 2017, Robert Clark

TRACE Events and Webinars


Mexico's New National Anti-Corruption System: What Global and Local Companies Need to Know
Date: Thursday, 9 February 2017
Time: 1:00pm - 2:00pm EST;
5:00pm - 6:00pm GMT
: Martha Mallory, Business Development Manager - Latin America, TRACE International
Register now >>

This webinar will provide an overview of the newly enacted and amended laws, and identify the key implications of the National Anti-Corruption System for local entities and global companies with a presence or operations in Mexico. Learn more

Register Now

Compliance as a Business Strategy

We at TRACE strongly believe compliance is good for business and future sustainability. Most companies agree. 

Strengthen your commitment to commercial transparency and ethical corporate behavior. Join the TRACE Compliance Community today. TRACE members benefit from unlimited access to a suite of compliance tools and services, including online training for employees and intermediaries, a comprehensive library of country-specific resources and our user-friendly Third Party Management System and risk assessment platform

To learn more about TRACE membership benefits, write to or call (+1) 410.990.0076.

Are You an Anti-Bribery Compliance Innovator?

Dell, Intel and the Maritime Anti-Corruption Network (MACN) have all been awarded the TRACE annual Innovation in Anti-Bribery Compliance Award.

The award recognizes companies for their innovative approach to compliance and contribution to the field of anti-bribery.

Find out how your company could be recognized

January 2017 Quiz: Challenge your

Are you up-to-date on this month's anti-bribery news? Take the TRACE quiz to find out. 

Take the quiz.

Risk-Based Due Diligence

Streamline your due diligence procedures and shift screening costs to third parties. Learn more.


TRACE Matrix

The Global Business Bribery Risk Index for the Compliance Community. Learn more.



Share and search beneficial ownership information at no cost. Learn more.

TRACE International, 151 West Street, Annapolis, MD 21401