Russia Tells Executives Paying Bribes Abroad Isn't DeductibleRussia joined the Anti-Bribery Convention in February and officially became the 39th signatory in April, according to the OECD's website.
Foreign Firms Most Affected by a US Law Barring BribesIn the Daimler case, the company admitted that its subsidiary in Russia had bribed local officials, that a German subsidiary had made payments to Croatian officials using an American shell company and that improper payments had been made to Chinese ...
High Tide: From Foreign FCPA Targets to the Next Era of AML EnforcementRussia's finance ministry said in a statement to corporate executives that bribery abroad isn't tax deductible at home.
High Tide: From Fighting the Lawsky to a UK-Russia Clash Over Money ...Russia and the U.K. risk further souring ties as authorities are set to clash over potential money-laundering and bribery charges against a former Russian official at a London-based international lender. (Bloomberg). Thailand's Anti-Money Laundering ...
Pfizer Agrees to Settle Foreign Bribery Case With USThe settlements announced today include Pfizer operations in eight countries: Bulgaria, Croatia, Kazakhstan, Russia, Italy, China, the Czech Republic and Serbia.
Where the Bribes Are – And How to Address ThemNearly 8 percent of employees report knowledge of bribes in China, for example, and almost 11 percent of survey respondents report that their companies were involved with conflicts of interest in Russia. So, what to do about the relatively high risk of ...
Russian Banker's Money-Laundering Case May Sour UK TiesRussia and the U.K. risk further souring ties as authorities are set to clash over potential money-laundering and bribery charges against a former Russian official at a London-based international lender. Elena Kotova, 57, Russia's former top ...
Corruption outside west raises hurdles in march of the makers"In two-thirds of the world, one can't do business unless a bribe is given. From Russia to China to Turkey and Greece and most of South America, to many Asian countries, some transactional cost may be incurred - it is called bribery in the west, in ...
Russia: Moscow's Intelligentsia on Trial in Tver?... despite Gorokhov's warnings that it would peel in harsh weather, not to mention offend most people's tastes.) When Farber demanded a second bribe, Gorokhov contacted a local branch of the FSB (Russia's FBI), and Farber was nabbed in a sting operation.
Pfizer pays $60 million to settle bribery chargesThe Securities and Exchange Commission said Tuesday that Pfizer's overseas subsidiaries made illegal payments to health care workers in China, Italy, Russia, Croatia and other Eastern European countries. As early as 2001, Pfizer sales representatives ...
Pfizer to Pay $60M for Corruption Violations in RussiaIn the SEC's complaint against Pfizer in Russia, it details six major forms of bribery in which Pfizer was engaged - including payments to customs officials to smooth the entry of goods and improper travel payments.
Expro Re-Investigates Bribery AllegationsAccording to the tipster, Expro's operations coordinators in Aksai, Kazakhstan, continued to bribe customs officials there after the acquisition.
UK-Russia Relations at Stake as EBRD Case WidensRussia and the U.K. risk souring ties further as authorities are set to clash over potential money-laundering and bribery charges against a former Russian official at a London-based international lender. Yelena Kotova, 57, Russia's former top ...
Business Briefs: Pfizer pays $60 million to settle bribery charges... Italy, Russia, Croatia and other Eastern European countries. As early as 2001, Pfizer sales representatives tried to conceal the bribes by recording them as legitimate business expenses for travel, entertainment and marketing purposes, the agency said.
Russia On Track To Become Europe's Largest Auto Market By 2014 – (F, GM, TTM)Russian car makers are confident about an auto market anticipated to become Europe's biggest by 2014, with many industry players planning to invest heavily in order to expand factories despite the nation's reputation for bribery, a heavy bureaucracy ...
Pfizer fined for paying bribes in E. Europe, ChinaThe Department of Justice and the Securities and Exchange Commission both said Pfizer subsidiaries paid off officials, doctors and healthcare professionals in Bulgaria, China, Croatia, Czech Republic, Italy, Kazakhstan, Russia, and Serbia during 2001 ...
Authorities investigates illegal gambling in the Moscow regionThe Russian Investigative Committee has forwarded its indictment in the case of former Moscow region prosecutor Roman Nishchemenko, who is accused of covering up an illegal gambling business in the Moscow region, to the Prosecutor General's Office for ...
Pfizer (NYSE:PFE) Agree to Pays $60M To Reconcile Bribery Charges- PFE ...The SEC state on Tuesday that Pfizer's abroad subsidiaries made banned payments to health care workers in China, Italy, Russia, Croatia and other Eastern European countries. As early as 2001, Pfizer sales ambassadors attempts to conceal the bribes by ...
Oracle Settles SEC Bribery Case for $2 MillionSoftware giant Oracle has just agreed to pay $2 million to settle charges from the U.S. Securities and Exchange Commission that a subsidiary in India violated foreign anti-bribery laws. The SEC has alleged that during a period starting in 2005 and ...
High Tide: From Suing Holder to Sands' China ConnectionYet another look at the supply chain risks under the U.K. Bribery Act is here. (Supply Chain Brain). The latest on the corruption trial of former Detroit mayor Kwame Kilpatrick is available here.