The Fraud Board

The Fraud Board

Commentary on current cases, news stories and legal developments in international business crime and regulation

McGuireWoods’ London Government, Regulatory and Criminal Investigations Group

Monthly Archives: November 2011

Corruption, Enforcement, FCPA, Whistleblower

US Securities and Exchange Commission Annual Report on the Dodd-Frank Whistleblower Program 2011

We, at the BriberyLibary, follow this new program with great interest as we are of the view that financial incentives and compensation designed to encourage people with knowledge and evidence to come forward to blow the whistle on corporate corruption (and other legal wrongs) should be seriously considered in the UK without delay… Continue Reading
Facilitation payments, FCPA, Public officials

Facilitation payments: Australia consults on proposed ban

Section 70.4 of the Criminal Code sets out a defence for facilitation payments, which is inconsistent with the international trend towards the prohibition of such payments and as highlighted in the consultation paper, puts Australian companies at greater risk of being found liable for acting outside the law e.g. where the operations of Australian companies also fall within the scope of the UK Bribery Act… Continue Reading
Enforcement

Patel jailed for six years

Munir Yakub Patel, a court clerk, who accepted £500 for fixing a motoring offence was today sentenced to serve three years in prison for bribery offences and six years for misconduct in a public office, with the sentences to run concurrently… Continue Reading