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Compliance Guidelines: No Clear Sailing
In her biweekly “Compliance Insider” column in Corporate Counsel, TRACE president Alexandra Wrage, dives into the muddy waters of compliance guidelines. Although Assistant Attorney General Lanny...
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Corruption and Competition – Navigating the Differences
Suzanne Rab and Ilyse Stempler explain the divergent objectives between anti-corruption legislation and anti-competition legislation, and the different enforcement outcomes. By Suzanne Rab and Ilyse...
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Learning How to Launder Money from How to Pay a Bribe
According to the Association for Research into Crimes against Art, art crime has been dominated by organized crime since 1961. And yet today the greatest exploiters of local and international markets...
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Keeping an Eye on the Cookie Jar
Last June, the large Indian biscuit-making concern, Britannia, found itself in the unpleasant necessity of conducting a sweeping internal probe, firing 28 of its employees, and re-assessing its...
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Effects on Supply Chain Compliance following the Relaxation of India’s...
The Indian government made it possible, from 2006 onward, for foreign retailers to invest up to 51% directly in single brand retail enterprises. By April 2012, the limit was increased to 100% for...
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TRACE launches TRAC, a global online due diligence platform
TRACE hosted a press conference and Webinar yesterday announcing the official release of TRAC, the free global online due diligence platform for supply and marketing chain compliance, and the members...
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Some of the Best Things in Life are Free
For anti-corruption professionals, attorneys, compliance officers, scholars, students, and anyone in the world with access to the internet, TRACE offers an incredibly useful tool, free of charge: the...
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Know Your Third Party: How Your Business Partners Can Get You in Trouble
Last week, on April 22, 2013, Ralph Lauren Corporation agreed to pay more than $1.6 million to the US government to settle charges that it violated the FCPA by bribing customs officials in Argentina....
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Poll: What was the biggest anti-bribery story of April, 2013?
We have reached the end of another busy month in the anti-bribery compliance world. Vote to decide which story is this month’s most noteworthy. The SEC and the DOJ brought enforcement actions against...
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TRACE Profile: Stories from the Front Lines of Due Diligence
Over the last decade, TRACE’s team of due diligence associates has performed over 300,000 due diligence reviews in over 135 countries. Headquartered in Annapolis, Maryland, we never outsource our due...
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As U.S. looks to increase trade with Africa, compliance becomes increasingly...
President Obama’s current trip to Africa has garnered much attention. But lost amidst the discussions of the cost of his trip and reasons for why he isn’t visiting his “homeland” of Kenya is this...
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TRACE Profiles: Stories from the Front Lines of Due Diligence
Periodically, TRACE Blog runs a “TRACE Profile” series, where we sit down with a TRACE employee to discuss what it’s like to conduct anti-bribery due diligence in today’s global marketplace. We...
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The “next generation” of due diligence
Due diligence can be slow and repetitive and, as a result, expensive and time-consuming. What we have been hearing from companies for several years is that they want to move to “next generation” due...
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Demystifying Anti-Bribery Certifications
Over the past few weeks, we here at TRACEblog have noticed a few interesting critiques of anti-bribery certifications. Harvard Law Professor Matthew Stephenson writes on his blog that he holds “a fair...
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