The Global Business Bribery Risk Index for the Compliance Community
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Compendium Roundup
This month, Smith & Ouzman Ltd was fined GBP £2.2 million after being convicted in December 2014 for making corrupt payments to officials in Mauritania, Ghana, Kenya and Somaliland. Smith & Ouzman allegedly made more than GBP £400,000 in payments to influence the award of contracts to the company for printing paper ballots.
Two of the defendants in the case that ensnared Ng Lap Seng, the chairman of Sun Kian Ip Group, pleaded guilty to various charges this month. Sheri Yan, the CEO of the Global Sustainability Foundation, and Heidi Piao, the finance director of the Global Sustainability Foundation, pleaded guilty to bribing the former United Nations President of the General Assembly and ambassador to the United Nations for Antigua and Barbuda. Both women admitted to paying bribes to the former U.N. official so that he would use his influence to promote business ventures.
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 There were many developments this month in the world of anti-bribery compliance. Are you up-to-date on the latest news? Take our quiz to find out. Better yet, share with your compliance teammates and see how your compliance chops stack up!
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Featured Resource: Gifts & Hospitality Tracking Tool
 The members-only TRACE Gifts, Travel & Hospitality Tracking Software is an easily manageable online tool, this software enables companies to track key information about incoming and outgoing gifts, travel and hospitality given and received by their employees. The software securely aggregates this data for administrative users to search and effortlessly identify patterns that may raise a compliance red flag. For more information on this tool, download an informational flyer here.
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From the Member Resource Center: International Per Diem Rates
The International Per Diem Rates Chart lists the monetary amounts that the U.S., U.K., Canada, the European Union and the United Nations provide to their employees for daily lodging, meals and incidentals while traveling on government business in various countries around the world. These "per diem" are based on what the public employer believes is a reasonable amount to spend while conducting government business in that locale and provide a benchmark for companies.
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In January, TRACE added more than 15 new anti-bribery training vignettes to our growing training library. These 3-5 minute videos feature industry experts and discuss a broad range of compliance hot topics. Ideal for quick compliance reminders, these videos are supplemented by recorded member webinars, presentations from TRACE events and additional training resources in the Member Resource Center.
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Initiatives: Advancing Commercial Transparency
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Nominations for the 2016 Innovation in Anti-Bribery Compliance Award (IACA) are now being accepted. With the IACA, TRACE seeks to honor a company that has developed and implemented an innovative compliance program and, in keeping with TRACE's philosophy, is willing to share its experience with the global compliance community.
The deadline for submissions is February 12, 2016. For more information, or to submit a nomination, please click here.
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For more information, view the press release announcement here or visit our website here for application details.
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Catch up on TRACE Trends blog posts from November using the links below or click here to subscribe to the blog and receive weekly emails when new content is published.
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February Webinars:
Interested in taking the TASA accreditation exam? Enroll in TASA today and become TASA accredited by the end of 2015. To inquire about discounts and credits, write to info@thetasa.org.
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Save the date! The 12th Annual TRACE Forum will be held at the St. Regis Hotel in Washington, DC, March 2-3, 2016. Designed specifically for TRACE Member companies, this event offers practical compliance advice and an opportunity for companies to benchmark with their peers in an interactive environment.
Registration closes Friday, February 5. To reserve your seat, please write to workshop@TRACEinternational.org with your name, contact details and member company affiliation.
This interactive program is limited to one representative per company. Additional representatives will be added to our waitlist.
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Train your local employees and third parties at an upcoming TRACE workshop or participate in a high level roundtable discussion.
Corporate Compliance Conference
March 24, 2016
Bucharest, Romania
 Anti-Bribery WorkshopApril 19, 2016
Shanghai, China
Venue TBD
 Advanced Roundtable DiscussionApril 21, 2016
Singapore
Venue TBD
*Space is limited to first-come, first-served.
 Anti-Bribery WorkshopApril 25, 2016
Bangalore, India
Venue TBD
The agendas for these events are under development. To propose speakers or panel topics, please write to Virna Di Palma at dipalma@TRACEinternational.org.
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FEBRUARY
Hosted by: Resourceful Events
1-4 February
Singapore
*Michelle Juan, APAC Regional Consultant, speaking
MARCH
Breakbulk ChinaHosted by: Breakbulk 14 March Shanghai
*Michelle Juan, APAC Regional Consultant, attending
OECD Anti-Bribery Misiterial ConferenceHosted by: OECD 16 March Paris, France
*David Ireland, Europe Regional Consultant, attending
Women in Compliance Awards 2016Hosted by: C5 17 March London, United Kingdom *Alexandra Wrage, President, attending
Hosted by: ACI
21 March
Dubai, United Arab Emirates
*Dano Santos, Regional Consultant, attending
Mexico Summit on Anti-Corruption and Compliance
Hosted by: ACI
29 March
Mexico City, Mexico
*Martha Mallory, LATAM Regional Manager, attending
Russia & CIS Summit on Anti-Corruption
Hosted by: ACI
30 March
Moscow, Russia
*David Ireland, Europe Regional Consultant, attending
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January 25, 2016 News Ghana The Evolution of TransparencyJanuary 16, 2016 Construction Week Online TRACE International Pilot Compliance Program in Ghana: Conversation with Virna Di Palma January 14, 2016 ACCPA Compliance Magazine Corruption Interruption January 8, 2016 Corporate Knights TV review: Sepp Blatter and 'corrupt FIFA mafia' got rich by exploiting the passion of football fans December 8, 2015 Eurosport Structural Compliance and Cultural Ethical Change in an Organization December 8, 2015 FCPA Compliance and Ethics Blog FIFA, Sepp Blatter and Me December 7, 2015 BBC Panorama Sepp Blatter knew of bribes paid for football TV rights, his predecessor claims December 7, 2015 The Independent FIFA Reform Plan Requires Culture Change to Work December 7, 2015 WSJ Risk & Compliance Espana asume, en cierto modo, un panel do liderazgo en la lucha contra la corruption con la nueva normativa September 2015
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Sincerely,
151 West Street
Annapolis, Maryland 21401
410-990-0076 | 410-990-0707 (fax) www.TRACEinternational.org |
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