FCPAméricas Blog
Archive for World Bank category:
World Bank Sanctions “Stock Taking”: Corporate group treatment and other hot topics under review
7.18.2013
The World Bank is asking for your help in a “stock-taking” exercise to evaluate the system by which it sanctions companies and individuals found to have engaged in corrupt, fraudulent, collusive, coercive, or obstructive practices in connection with Bank-financed projects. The consultation is part of a larger review by the Bank’s Legal Vice Presidency and […]
Comments | 
Print This Post
| | Read more...
SNC-Lavalin Got You Down? What to do when a business partner is accused of corruption
5.30.2013
For those monitoring foreign bribery cases, 2013 is starting to get busy. In the United States, the last couple of months have included the unsealing of FCPA actions against BizJet executives and Wall Street traders. Just yesterday, authorities announced the fourth most expensive FCPA settlement to date. In Canada, the country’s largest engineering company, SNC-Lavalin, […]
Comments | Print This Post
| | Read more...
Compliance and Enforcement at The World Bank’s Sanctions Program
2.01.2013
The following article was originally published in the ABA’s International Law News, Volume 42, Number 1. It is republished below with the permission of the ABA. Note that an important clarification has been made to the statistic cited in the first paragraph of the original version. Understanding the World Bank’s sanctions program and complying […]
Comments | Print This Post
| | Read more...
The World Bank’s Negotiated Resolution: Settling a Sanctions Case
1.09.2013
Settlements of foreign bribery charges by national authorities are common. The vast majority of the DOJ’s FCPA actions end in plea agreements, deferred prosecution agreements (DPAs), or non-prosecution agreements (NPAs). Such mechanisms are gaining traction in the UK as part of UK Bribery Act enforcement. The World Bank is following suit. Since 2010, the Bank’s […]
Comments | Print This Post
| | Read more...
The World Bank’s Anti-Corruption Coordination with National Authorities
11.13.2012
How serious can The World Bank’s sanctions process really be? After all, the Bank’s investigators lack many of the powers that national authorities often take for granted. The powers to subpoena documents and search premises are just two examples. It is true that Bank investigators might have contractual audit rights. But what happens if the […]