Monday Compliance News - Around the World

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.

Two executives plead guilty to role in foreign bribery scheme |  US Dept of Justice

"Two former executives at a Dutch oil and gas services company, Anthony “Tony” Mace and Robert Zubiate, pleaded guilty this week to conspiracy to violate the Foreign Corrupt Practices Act for their roles in a scheme to bribe foreign government officials in Brazil, Angola and Equatorial Guinea." (Click here for the article) - US, UK, Brazil, Angola, Equatorial Guinea, Switzerland

Broad US jurisdiction captures Chinese investment in Africa |  WSJ

"The U.S. criminal complaint unsealed last week against former ministers from Hong Kong and Senegal underlines the broad jurisdiction of the Foreign Corrupt Practices Act, experts told Risk & Compliance Journal. They said the law levels the playing field for U.S. businesses seeking investment in Africa, and that a lack of awareness of the law from Chinese firms may trip them up." (Click here for the article) - US, China, Africa

Supreme Court wary bout widening whistleblower protections |  Reuters

"Conservative and liberal U.S. Supreme Court justices on Tuesday appeared reluctant to broaden protections for corporate insiders who blow the whistle on securities law violations or fraud by their companies." (Click here for the article) - US

3 key steps to eliminating harassment in the workplace |  Corp Compliance Insights

"Both employers and employees benefit when companies and organizations effectively address sexual harassment.  By training employees, devising and implementing harassment policies and procedures and enforcing those policies fairly and consistently, employers can combat sexual harassment in the workplace." (Click here for the article) - US

US lawyers weigh impact of anti-bribery changes |  WSJ

"News that the U.S. Justice Department is beefing up and making permanent a program to encourage companies to come forward over cases of foreign bribery is welcome, but the devil will be in the details, lawyers say." (Click here for the article) - US

International supply chain risks: how US sanctions can kill your deal |  Procurious

"The United States (U.S.) had $2.21 trillion Dollars in exports in 2016 according to the U.S. Department of Commerce (D.O.C)i, and an estimated 10.7 million U.S. jobs supported by exports ii. Yet U.S. unilateral sanctions are being applied more vigorously than ever to perceived foreign foes, negatively affecting trade balances." (Click here for the article) - US

Top ten international anti-corruption developments for October 2017 |  Morrison Foerster

"In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important international anti-corruption developments from the past month, with links to primary resources. This month we ask: What are the latest developments in the U.S. Department of Justice’s sweeping investigation into alleged corruption in Venezuela? What new Canadian anti-corruption law has drawn the ire of the Russian president? What new anti-corruption measures were announced at the Communist Party of China’s National Congress? The answers to these questions and more are here in our October 2017 Top Ten list." (Click here for the article) - Global