The World Bank Group announced the debarment of Consia Consultants ApS for 14 years for fraud and corruption. Consia’s Managing Director was also debarred for three and a half years.
Entries in Denmark (15)
In the 2016 Transparency International Corruption Perceptions Index released last week, Nordic countries again received the most favorable rankings. Yet, for the second year in a row, Transparency International’s website draws a negative example from the Nordics, citing a scandal involving members of the Danish parliament to illustrate corruption in European countries.
Massachusetts-based medical technology company Analogic Corporation and a foreign subsidiary and that unit's former CFO settled FCPA violations related to $20 million in improper payments in Russia and other countries.
Analogic Corporation said in a securities filing Wednesday the SEC and DOJ made separate settlement proposals to end an ongoing FCPA investigation that would include total payments of about $15 million.
Imaging company Analogic Corp. said Wednesday it offered the Securities and Exchange Commission $1.6 million to settle a bribery probe involving the company's Danish subsidiary.
Admittedly, we're surprised to write that headline several weeks after “tax day” in the United States. However, a common theme emerged during a recent World Bank Group program on tax evasion: there's currently an unprecedented level of enthusiasm, political will and momentum in support of combating global tax evasion and avoidance.
The European Parliament passed a new law on April 15 to force about 6,000 EU companies to disclose information about environmental compliance, human rights, bribery and corruption.
It is that time of the year again. Transparency International released its 2013 Corruption Perceptions Index (CPI) today. The CPI, which is the most widely used indicator of corruption worldwide, measures the perceptions of public sector corruption. It uses data from international surveys that look at factors such as accountability of national and local governments, effective enforcement of anti-corruption laws, access to government information, and abuse of government ethics and conflict of interest rules.
"A little more than forty years ago, an observation was made that foreign aid was aid from the poor people of the rich countries to the rich people of the poor countries."
A post on the Risk Management Monitor last week by Christine Kane talked about the most dangerous countries for expats to work in.