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The Greed Project: Part VII
May 27 2016

“Ethan Nadelmann's "Global Prohibition Regimes: The Evolution of Norms in International Society" (published in 1990 in International Organization) is still cited frequently by academics who study the process of putting controls on behaviors like...

The Perfect Storm: Brazil’s Economic and Political Crises
May 26 2016

“The official Olympic torch arrived and was lit by President Dilma Rousseff in Rio de Janeiro on May 3, 2016, launching the cross-country relay ending at the opening ceremonies for the Olympic Games Rio 2016. What normally would be an exciting time...

Introducing the First Global Registry of Beneficial Ownership
May 25 2016

“TRACE International is pleased to introduce TRACEpublic,the first global registry of beneficial ownership. Developed in direct response to therisksinherent insecret company ownership, TRACEpublicenables companies to voluntarily and publicly provide...

Are You Effectively Managing Third-Party Risk?
May 24 2016

“Designing and implementing effective internal controls is integral to mitigating anti-bribery risk within one’s own company. But what about the risk presented by a company’s third parties? Third parties have been involved in more than...

The Greed Project: Part VI
May 20 2016

“Economists don't come out of this week's Greed Project reading well! Dan Ariely, author of the intriguing book "The (Honest) Truth about Dishonesty," and co-author Aline Gruneisen tackle "The Price of Greed" for Scientific American Mind. (Reproduced...

Closing the Gap: Germany Tightens Anti-Corruption Law in the Healthcare Sector
May 19 2016

“On May 13, 2016, the German Bundesrat (Federal Council) passed a new anti-corruption law, “Gesetz zur Bekämpfung von Korruption im Gesundheitswesen” (Law to Combat Corruption in Healthcare), that amends the anti-bribery provisions...

A Human Rights Approach to Compliance
May 17 2016

“Governments, civil society, and consumers have been steadily increasing their focus on human rights. However, as new rules on corruption, conflict minerals, and human trafficking commandeer compliance resources, maintaining human rights standards...

The Greed Project: Part V
May 13 2016

“Corruption from an Anthropological Angle
I have always recoiled at the idea, repeated regularly, that corruption is a matter of culture. No community celebrates theft; no nationality is inherently more or less honest. It has always seemed to me...

New Controversial Anti-Corruption Law Set to Arrive in South Korea
May 12 2016

“On May 9, 2016, the South Korean Anti-Corruption and Civil Rights Commission announced that a hotly debated antigraft law threatening to change the social customs and business culture in South Korea will be enacted in September of this...

3 Ways the Panama Papers Could Affect the Maritime Industry
May 10 2016

“The Panama Papers have already resulted in fallout for a variety of organizations and high-ranking politicians. As investigators and prosecutors delve further into the cache of leaked documents and governments begin instituting financial reforms,...



    ‘On balance, the public interest in transparency far outweighs the rights of those hiding, for whatever reasons, behind secret or shell companies.’ TRACE President Alexandra Wrage discusses a reasoned response to the Panama Papers on the SCCE Compliance and...
    Recent News Feed 4/27/2016 12:00:00 AM Read More
    ‘The lifting of sanctions creates opportunities for the maritime industry, but compliance and due diligence challenges linger for vessel owners and operators seeking to trade their vessels to and from Iran.’ TRACE President Alexandra Wrage discusses the...
    Recent News Feed 4/26/2016 12:00:00 AM Read More
    TRACE International, the leading global anti-bribery standard setting organization, recently published the third in its biennial How to Pay a Bribe: Thinking Like a Criminal to Thwart Bribery Schemes series. The collection offers an insider’s view on how bribery and...
    Recent News Feed 4/20/2016 12:00:00 AM Read More
    “Due diligence is an ongoing process and requires constant, ongoing communication; it’s a tool, not an end in itself." TRACE President Alexandra Wrage comments on lessons that can be learned from the Unaoil bribery scandal with respect to due diligence. To read...
    Recent News Feed 4/19/2016 12:00:00 AM Read More
    Follow the 19-part TRACE Advantage series on EDC ExportWise to learn about business bribery risk in different regions. New content will be posted every Friday. To view the series, click here.
    Recent News Feed 4/15/2016 12:00:00 AM Read More
    The Unaoil story first published by The Age and Huffington Post on March 30, and supplemented yesterday with another chapter, has it all. There are code names, huge dollar amounts and intrigue.
    There have since been raids on the company’s offices by the Monaco...
    Recent News Feed 4/12/2016 12:00:00 AM Read More
    The international business community wins when companies across supply and marketing chains work to the same high standards. There is less risk and more predictability, which promotes confidence among business partners. Benchmarking among peers and establishing and sharing...
    Recent News Feed 3/28/2016 12:00:00 AM Read More
    Corporate Compliance is a hot topic nowadays in Romania since private companies have an increasing interest in developing policies and procedures which are meant to protect them from potential situations of waste, fraud, and abuse, either intentional or unintentional. The...
    Recent News Feed 3/25/2016 12:00:00 AM Read More
    Discussions in the compliance community can get pretty technical. Conferences focus on jurisdictional issues, appropriate levels of third party due diligence, sufficiency of internal controls and the best types of risk management tools. But a bribe is ultimately just a...
    Recent News Feed 3/24/2016 12:00:00 AM Read More
    Today,TRACE International, the leading global anti-bribery standard setting organization,published the third in its biennial How to Pay a Bribe series. The collection offers an insider's view on how bribery and corruption impact international business, making it an...
    Recent News Feed 3/15/2016 12:00:00 AM Read More
    Severin Wirz, Director of Member and Advisory Services, comments on trends in global anti-bribery enforcement in this guest post for Compliance Week.
    "To be sure, enforcement data is an important tool for companies to understand their anti-bribery regulatory risks. But...
    Recent News Feed 3/10/2016 12:00:00 AM Read More
    "TRACE International today announced the findings of its sixth annualGlobal Enforcement Report (GER), noting that the number of U.S. enforcement actions concerning bribery of foreign officials has increased slightly from the previous year, though there was a slowdown in the...
    Recent News Feed 3/9/2016 12:00:00 AM Read More
    "International anti-bribery cases dropped by 73% last year, according to a report out Wednesday, putting the U.S. back in the driver’s seat of international enforcement." To continue reading this post on the Wall Street Journal Risk & Compliance Journal, click...
    Recent News Feed 3/9/2016 12:00:00 AM Read More
    "The extraction industries saw the brunt of bribery enforcement actions in 2015, but the manufacturing/service providing industry faces more U.S.investigations, according to a new report fromTRACE International, a provider of anti-bribery compliance services."Continue...
    Recent News Feed 3/9/2016 12:00:00 AM Read More
    Today, TRACE International, the leading global anti-bribery standard setting organization, named Intel the winner of the 2016 TRACE Innovation in Anti-Bribery Compliance Award (IACA) for the development of path-breaking educational methods.Read the complete press release...
    Recent News Feed 3/3/2016 12:00:00 AM Read More
    Click here to read comments from Patrick Stokes, head of the Justice Department’s FCPA unit, at the Annual TRACE Forum in D.C. on the Wall Street Journal Risk & Compliance Journal blog.
    Recent News Feed 3/3/2016 12:00:00 AM Read More
    ‘Amidst the amusing anecdotes, there’s a very real collapse of leadership, especially with respect to creating a culture of compliance.’ TRACE President Alexandra Wrage discusses 5 leadership lessons from the FIFA scandal. Read the full article here.
    Recent News Feed 2/29/2016 12:00:00 AM Read More
    ‘FIFA will continue to be FIFA and the game, it’s fans, players and clubs will continue to be exploited.’ TRACE President Alexandra Wrage discusses the election of Gianni Infantino as the new FIFA president. Read the full article on Forbes here.
    Recent News Feed 2/27/2016 12:00:00 AM Read More
    As a three-time winner of the Top 100 Women award, Alexandra Wrage joins the Daily Record'sCircle of Excellence. To view the complete list of winner, click here.
    Recent News Feed 2/26/2016 12:00:00 AM Read More
    "The U.S. Department of Justice and the Securities and Exchange Commission (SEC) are no longer the only two cops on the global anti-corruption beat," writes Alexandra Wrage, TRACE President, in this article published on Corporate Knights. To continue reading, click here.
    Recent News Feed 1/8/2016 12:00:00 AM Read More
    "Shipping is a huge and crucial industry. As Rose George, author of Deep Sea and Foreign Going says 'Without ships, half of the world would freeze and the other half would starve.'
    It is also a largely opaque one.  As pirates have known for millennia, the high seas are...
    Recent News Feed 12/2/2015 12:00:00 AM Read More