FCPAméricas Blog
Archive for Procurement category:
UNODC: Assessing Corruption Risk in Public Procurement
5.13.2014
The following is a guest post from Francesco De Simone, an Advisor at the U4 Anti-Corruption Resource Center, part of the Christian Michelsen Institute, and former Senior Policy Director at Transparency International – USA. Corruption is prevalent in public procurement in both developing and developed countries, despite a significant body of research and analysis that has resulted […]
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Chronicle of a Bribe Foretold: ADM in Venezuela
2.13.2014
A gripping cautionary tale is hidden in the Statement of Facts attached to the Archer Daniels Midland (ADM) non-prosecution agreement (NPA). The NPA, which ADM signed with the DOJ last December, related in part to FCPA violations in Venezuela, as well as Ukraine. The total FCPA settlement amount was $54.3 million. In summarizing the underlying […]
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Living the Cliché at PetroTiger
2.06.2014
The DOJ’s PetroTiger press release reads like an overblown caricature of an FCPA case: top executives of an oil and gas company formed in the British Virgin Islands, with offices in New Jersey and operations in Colombia, allegedly paid approximately $250,000 to a Colombian government official in exchange for lucrative government contracts. It is tempting […]
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M&A Transactions in Latin America: Practical tips for multinationals conducting anti-corruption due diligence (Part 2 – Key Issues to Probe)
10.03.2013
Multinationals should take into account certain local particularities when conducting M&A due diligence for anti-corruption compliance. Part I of this series describes how to manage resistance to due diligence from local companies. Part II (below) discusses some key issues to look at during the diligence. Part III discusses important sources of information in the due […]
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Corruption in a Concrete Jungle: Common bribery risks in São Paulo
8.29.2013
The following article was originally published in Ethisphere Magazine in its Q2 edition. It is republished below with Ethisphere’s permission. In early June 2013, protests sprung up in São Paulo, Brazil, after the city government raised bus fares. The size and cause of the protestors quickly expanded in the weeks that followed to include hundreds […]