Twenty executives from the Egyptian cement industry were fined $1.87 million each after being found guilty of

Textron has agreed to pay $4.6 million in fines for bribing officials of Suddam Hussein’s government in order to acquire Iraqi contracts through the United Nations’ Oil-for-Food program. The fines are divided into the amounts of $1.15 million and $3.5 million between the Department of Justice and the U.S. Securities and Exchange Commission, respectively. The [...]

TRACE International, a non-profit membership association (and important partner of the Ethisphere Council) that helps companies combat bribery, announced the creation of a new database that can help businesses track the prevalence of bribery attempts and requests. This new online tool, called BRIBEline, is backed by many leading organizations and companies such as Wal-Mart, International [...]

According to recent media reports, the fraud investigation into the BAE Systems over bribery charges was pulled by the government over safety concerns. British newspaper The Daily Mail obtained legal documents under the Freedom of Information Act which covered a meeting between Britain’s ambassador to Saudi Arabia (Sir Sherard Cowper-Coles) who told the director of [...]

The SEC has filed and settled a FCPA books and records and internal controls violations charge against El Paso Corporation. At issue is that the NYSE-listed Texas energy company, during 2001 and 2002, indirectly paid nearly $5.5 million in illegal surcharges to Iraq in connection with its purchases of crude oil from third parties under [...]