Category: Corporate Corruption

Samsung Heavy Industries to pay $149M to settle corruption probe in Brazil

South Korean shipbuilder Samsung Heavy Industries (SHI) agreed on Monday to pay $149M in a leniency agreement with Brazilian authorities to resolve investigations into acts of corruption and money laundering. 15 months earlier, the shipbuilder resolved similar allegations with U.S. Authorities. Members-only content. While… Continue Reading “Samsung Heavy Industries to pay $149M to settle corruption probe in Brazil”

In case you missed it, post holidays US Compliance roundup

As 2020 came to a close, our friends in the U.S. have bestowed a few compliance “holiday gifts” upon us… so just in case you missed it, here’s what has been put under our tree: Members-only content. While the blog operates on a free-to-view… Continue Reading “In case you missed it, post holidays US Compliance roundup”

Lie detectors used to fight Corruption at Auchan Russia

The French multinational retail group confirmed the use of the lie detector devices at its Russian subsidiary, after it was shaken by a corruption scandal earlier this year. The anti-corruption lawyer in charge of investigating the matter was dismissed from the company after being brutally… Continue Reading “Lie detectors used to fight Corruption at Auchan Russia”

Multinational Companies Return Money to South Africa after Corruption Probes

What is happening in South Africa lately is so interesting. The results of the so-called “State Capture” investigation have produced some striking findings. South African authorities have investigated how several multinationals contracted with State-owned entities via the Gupta brothers (now exiled in Dubai), who in… Continue Reading “Multinational Companies Return Money to South Africa after Corruption Probes”

USA: Nowhere Left to Hide for Owners of Shell Companies

Questionable owners of anonymous shell companies may face a much harder time hiding their dirty money in the U.S. in the future. Members-only content. While the blog operates on a free-to-view basis, your registration is required in order to read all of the content. To continue… Continue Reading “USA: Nowhere Left to Hide for Owners of Shell Companies”

6 Ways to STOP Corruption at your Company

It’s that time of the year again! December 9th is International Anti-Corruption Day, a day all anticorruption practitioners duly mark on their calendar. But this year has been very different from previous years. Members-only content. While the blog operates on a free-to-view basis, your… Continue Reading “6 Ways to STOP Corruption at your Company”