Anti-Corruption/ FCPA and International Trade – this week’s update includes H-P FCPA violations, Asia’s anti-corruption battle and more.
H-P to Pay $108 Million for FCPA Violations by Jaclyn Jaeger Published on Compliance Week
Hewlett-Packard today agreed to pay a total of $108 million to the Securities and Exchange Commission to settle civil and criminal charges over violations of the Foreign Corrupt Practices Act… [ Read More ]
Asia’s anti-corruption battle produces unofficial austerity by Wayne Arnold Published on WSJ
Think corruption is costly to Asia’s economies? So is stamping it out. The anti-corruption campaign launched by Chinese President Xi Jinping after he took power in late 2012 is worsening China’s economic slowdown, economists say, as fearful cadres pull back on everything from lavish banquets to building projects…[ Read More ]
Time running out for international trade deal, says WTO boss by Larry Elliott Published on the guardian
The World Trade Organisation (WTO) has eight months to prove its has a future, its director-general warned on Tuesday as he insisted it was time to break out of the “cycle of failures” that have dogged 12 years of its attempts to open up global markets… [ Read More ]
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