Editor compliance, FCPA, quote of the day

Thought of the day: Cost of compliance is relative

As former U.S. Deputy Attorney General Paul McNulty has been quoted as saying at a 2009 FCPA conference: "If you think compliance is expensive, try non-compliance." (Note: Mr. McNulty is not the first to use the juxtaposition of costs in this manner.  That honour goes to Derek Bok, also a lawyer and the 25th President … Continue reading Thought of the day: Cost of compliance is relative

Editor cooperation / coordination, FCPA, Nigeria, UK

“I will be disbarred” — Final bit of Nigeria gas bribery scheme blows up

Natural gas bribery scheme leads to attorney disbarment: FCPA forfeiture of $148+m, 2 years prison, disbarment After being sentenced by a Texas court to 21 months for Foreign Corrupt Practices Act violations committed during his tenure as KBR Inc.'s attorney, 65-year old Jeffrey Tesler, prone to wearing hats, has now been disbarred by a Disciplinary … Continue reading “I will be disbarred” — Final bit of Nigeria gas bribery scheme blows up

Editor Commonwealth, cooperation / coordination, event / seminar / conference

Anti-Corruption Enforcers from Commonwealth Countries to Meet in Africa

International agency cooperation at heart of 4th Commonwealth Africa Regional Meeting for Heads of Anti-Corruption Agencies (May 26 – 30) The theme of this year's conference will be one of international cooperation - a trend we see globally as practitioners: enforcement agencies are able to increase exponentially their success rate in uncovering and prosecuting bribery, … Continue reading Anti-Corruption Enforcers from Commonwealth Countries to Meet in Africa

Editor event / seminar / conference, FCPA, tenders

Seminar on public tenders in S. Africa now ongoing: Hyatt Johannesburg

Nortons Inc. is hosting a seminar on all aspects surrounding public tenders.  More at https://twitter.com/NortonsInc and below: PUBLIC PROCUREMENT AND TENDER AWARDS: UNLAWFUL AND ILLEGAL PRACTICES ASSOCIATED WITH TENDER PROCESSES 09 MAY 2014 Hyatt Regency Johannesburg 191 Oxford Road, Rosebank, Johannesburg SPEAKERS AND PANEL MEMBERS: Neren Rau (CEO – SACCI) Advocate Glynnis Breytenbach (Former Senior … Continue reading Seminar on public tenders in S. Africa now ongoing: Hyatt Johannesburg

Editor event / seminar / conference, overlap with antitrust

Exploring overlap of anti-corruption & competition laws

ICC FraudNet Spring 2014 conference AAF & AAT editor John Oxenham of Nortons Inc. was an invited speaker on current trends in African anti-corruption and anti-fraud enforcement. See more details on the conference and FraudNet here. The emerging overlap of antitrust and anti-corruption issues - including significant efficiencies from combining preemptive internal audits as well … Continue reading Exploring overlap of anti-corruption & competition laws

Editor double standard, East Africa

East Africa: “Rampant corruption” hinders economic development

Tanzania Private Sector Foundation (TPSF) Chairman warns of injury to economic development, emphasises importance of single standard In a report by Charles Ngereza, the head of the 231-member strong TPSF was quoted as highlighting the importance of ensuring that a single standard must govern corrupt conduct by both domestic and foreign entities and individuals.  Speaking … Continue reading East Africa: “Rampant corruption” hinders economic development