Financial Regulatory Forum

Wal-Mart bribery scandal seen undermining effort to soften U.S. anti-corruption statute

May 2, 2012

By Brett Wolf

ST. LOUIS, May 2 (Thomson Reuters Accelus) – News that Wal-Mart may have tried to cover up bribes paid by its Mexico unit will make it difficult for Congress to weaken an anti-bribery statute loathed by the U.S. business community, at least in the short term, sources say.

Canada’s Anti-Bribery Cops Reel One In

July 22, 2011

By John Mackie

TORONTO, July 22 (Business Law Currents) – Though Canada has had foreign bribery legislation in effect for over a decade, prosecutions have proven very few and very far between. So it remains to be seen whether the recent guilty plea by Calgary’s Niko Resources under Canada’s Corruption of Foreign Public Officials Act marks a scaling-up of Canadian efforts on this front, or just another blip on the radar screen.

ANALYSIS-Cocktails and wiretaps signal new anti-bribery era

April 5, 2010

By Dan Margolies

WASHINGTON, April 5 (Reuters) – When 17 employees of a dozen or so small and mid-size companies gathered for a cocktail reception last year at Clyde’s restaurant in Washington, D.C., they toasted what they thought was the imminent completion of a $15 million arms deal to outfit the presidential guard of an African country.

China indicts Rio staff for bribery, commercial secrets

February 10, 2010

By Ben Blanchard and Chris Buckley

BEIJING, Feb 10 (Reuters) – China has indicted four employees of Anglo-Australian mining giant Rio Tinto on charges of bribery and stealing business secrets, setting the stage for a trial in the case that has jangled investor nerves.