Anti-Corruption Compliance Industry News

Martinrea shares drop after new allegations

Nov. 25, 2013 /Greg Keenan, The Globe and Mail/ – The Toronto-based auto parts company, some of its senior executives, some directors and its former chief executive officer is facing a lawsuit launched earlier this year that accused them of breaching their fiduciary duties and engaging in corrupt practices. [Read More…]

Senior U.S. Officials Discuss Foreign Corrupt Practices Act (FCPA) Enforcement Trends and Activity

Nov. 22, 2013 /George J. Terwilliger III, Eric Kraeutler, Benjamin D. Klein, Morgan, Lewis & Bockius LLP/ – On November 18–21, U.S. regulators attended the 30th International Conference on the Foreign Corrupt Practices Act (FCPA), where they discussed the near-record amount of FCPA penalties in 2013 and disclosed that there are more than 150 ongoing FCPA investigations. Regulators from the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) also explained new developments in cross-border cooperation as well as their efforts to prosecute individual FCPA defendants. [Read More…]

Anti-corruption measures saved Quebec $240-million on road work, minister says

Nov. 12, 2013 /Rhéal Séguin, Quebec City, The Globe and Mail/ – The fight against corruption is paying big dividends, the Quebec government said in announcing a $240-million savings on road contracts alone for the first 10 months of the year. Minister of Transportation Sylvain Gaudreault said the building and maintenance of roads and bridges in the province has dropped 16 per cent below the estimated costs projected for 2013, as the battle against corruption and collusion has forced builders and engineering firms to play by a tougher set of rules. [Read More…]

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