GCSG's Monday Compliance News is a compilation of some of the previous weeks interesting trade compliance, anti-bribery/corruption, fraud, and due diligence news bites, from around the world.
"Mexico’s top election-corruption prosecutor was fired Friday while investigating whether bribes allegedly received by a former head of the state oil firm were used to finance the campaign of President Enrique Peña Nieto." (Click here for the article) - Mexico, Brazil, USA
"Three former employees of the freight-forwarding company F.H. Bertling Ltd. will pay fines but avoid prison time for conspiring to make corrupt payments to win a $20 million contract in Angola. A London court sentenced Joerg Bluemberg, Dirk Juergensen and Marc Schweiger to 20 months in prison, but suspended those sentences for two years. Each man was fined 20,000 pounds ($26,300) and barred from serving as a company director for five years, according to the U.K. Serious Fraud Office." (Click here for the article) - UK, Africa, Germany
Airbus corruption scandal: 80 million Euro severance package | Anti-Corruption Digest
"In France, Jean-Paul Gut is a legend. As head of strategy and marketing, he played a key role in the success of Airbus and its rise to the second largest aircraft manufacturer in the world behind Boeing. Gut was the company’s go-to man when it came to brokering deals, with Airbus sending him in when negotiations with clients had stalled. Especially when the stakes were high – when billion-dollar-deals involving dozens of aircraft were on the table. How exactly he did what he did was his secret. Even now, his profile on LinkedIn describes him as a man of “great discretion.” (Click here for the article) - Europe
"A new road map has been laid out for Singapore's energy and chemicals sector that aims to create $12.7 billion in value-add and 1,400 new jobs by 2025." (Click here for the article) - Singapore
"The State Department is considering formally declaring the crackdown on Myanmar’s Rohingya Muslims to be ethnic cleansing, U.S. officials said on Tuesday, as lawmakers called for sanctions against the Southeast Asian country’s military." (Click here for the article) - USA, SE Asia