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August 2016 


Compendium Roundup

This month, Key Energy Services Inc. (“Key Energy”) agreed to pay a disgorgement of USD 5,000,000 to the U.S. Securities and Exchange Commission (“SEC”) to resolve allegations that its Mexican subsidiary made a series of improper payments to a consulting company affiliated with an employee of state-owned oil company to obtain and retain contracts. The SEC considered Key Energy’s cooperation and remedial acts undertaken by the company in its decision not to impose a civil penalty. Meanwhile, Och-Ziff Capital Management Group LLC (“Och-Ziff”) and Zimmer Biomet Holdings, Inc. (“Biomet”) both disclosed additional accrual of liabilities probable to be incurred in connection with the investigation by the U.S. authorities. The authorities have been investigating Och-Ziff for alleged bribery in Libya and other African countries and Biomet for breaching the terms of its deferred prosecution agreement (“DPA”) based on its conducts in Mexico and Brazil.

Furthermore, the U.K. Serious Fraud Office (“SFO”) announced that it opened a criminal investigation against Airbus Group in relation to allegations of fraud, bribery and corruption in its civil aviation business relating to irregularities concerning third party consultants.

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

August 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: Reputational Screening

TRACE Reputational Due Diligence enables companies to quickly screen third parties against sanctions and government watch lists and assess their reputation through a review and analysis of online and print media, covering 7 years. Entity and individuals’ names are searched against hundreds of global regulatory, watch and sanctions lists including Politically Exposed Persons (PEPs) and Denied Parties. 

TRACE risk-based due diligence solutions are innovative, cost-effective and based on robust benchmarking. Download our due diligence brochure here to learn more. TRACE members enjoy exclusive due diligence discounts. To learn more about TRACE membership and due diligence solutions, write to info@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: 

 

 
Anti-Money Laundering and Anti-Corruption Compliance - Intersections and Incompatibilities

Register >>
Date: 7 September 2016
Time: 10:00 am - 11:00 am EST; 2:00 - 3:00 PM GMT
Faculty: Luke Brussel, Global Head of Anti-Corruption Compliance, Vice President, First Data Corporation  

To register for upcoming webinars, click here.  

Interested in taking the TASA accreditation exam? Start the year off with TASA and enroll today! To inquire about discounts and credits, write to tasa@traceinternational.org.

TRACE Roundtables & Workshops

Participate in a high level roundtable discussion or train your local employees and third parties at an upcoming TRACE workshop.
 
Athens, Greece
Roundtable
September 16, 2016

Hotel Grande Bretagne
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.   
 

TRACE, in partnership with DA-DESK, is pleased to host an anti-bribery workshop scheduled on September 19, 2016 in Dubai. This full day training event will feature compliance executives  from across industries who will discuss enforcement trends, increasing transparency in the supply chain and anti-bribery best practices. The workshop will also include sessions specific to the shipping industry as part of TRACE and DA-DESK Certify the World campaign, which offers a complimentary TRACEcertified due diligence review to port agents with the aim of increasing transparency in the shipping and maritime industries.

   
Dubai, United Arab Emirates
September 19, 2016
Westin Dubai Mina Seyahi
View agenda

To register for this event, please send an email including your name, title and company affiliation to workshop@TRACEinternational.org. Registration is first come, first served and is limited to two representatives per company. Additional representatives will be added to the waitlist.     
 

Partner Events


SEPTEMBER

International Chamber of Shipping General Assembly
Hosted by: International Chamber of Shipping
7 September 2016
London, UK
*TRACE representative attending

Canadian Fraud Conference
Hosted by: Association of Certified Fraud Examiners
11-14 September 2016
Montreal, Canada
*TRACE representative speaking

The International Maritime Human Rights Conference
Hosted by: IMHR
14 September 2016
London, United Kingdom
*TRACE representative speaking

4th Oil & Gas Anti-Corruption Compliance Exchange
Hosted by: Momentum
20-21 September 2016
Houston, TX
*TRACE representative speaking

15th Annual Compliance & Ethics Institute
Hosted by: SCCE
25-28 September 2016
Chicago, IL
*TRACE representative speaking


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
 
ECIIA Conference on GRC
Hosted by: The Swedish Institute of Internal Auditors
6-7 October 2016
Stockholm, Sweden
*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
 
9th West Coast FCPA Enforcement & Compliance Conference
Hosted by: ACI
18-19 October 2016
San Francisco, CA
 
Inc. 5000 Conference and Gala
Hosted by: Inc. 5000
18-20 October 2016
San Antonio, TX
*TRACE representative attending

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

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

TRACE International, 151 West Street, Annapolis, MD 21401

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