4/14/15: In 2014, the World Bank invested some $65 billion in international projects. That’s serious money but it carries with it noteworthy conditions and risks for contractors on World Bank-funded projects. According to an article by Wendy Wysong, Michelle Mizutani, and Montse Ferrer in Corporate Compliance...
3/31/15: $3.3 billion dollars was returned to the US Treasury in 2014 from criminal and civil investigations by the US Department of Justice and the Department of Health and Human Services of medical device companies, pharmaceutical companies, hospitals, physicians, pharmacies, chiropractors, hospice facilities and others, according to...
3/31/15: As the Petroleo Brasileiro SA (Petrobras) corruption scandal unfolds, it has drawn howls of outrage from many different quarters, particularly in the streets where hundreds of thousands of Brazilians have condemned what they see as widespread corruption, particularly related to the administration of...
3/31/15: It’s common knowledge – isn’t it? – that effective compliance reduces employee misconduct. A recent study by the Ethics Research Center (ERC) does more than rattle off common knowledge: it shows that effective ethics and compliance programs dramatically reduce employee misconduct and improve “every key measure...
3/31/15: The US Treasury Department’s Office of Foreign Assets Control (OFAC) and trade sanctions aren’t terms that roll off the tongue the same way as, oh say, the Department of Justice and the FCPA. Still, OFAC has teeth and trade sanctions represent a significant risk for global companies – something that became all too clear...
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