1. Allegations against Wal-Mart -- Just when the debate about FCPA reform was heating up, the New York Times reported that Wal-Mart may have paid $24 million in bribes to Mexican officials to grow the business. The story showed why the FCPA is important. And it derailed the Chamber of Commerce's campaign to narrow the law and restrict the DOJ's enforcement of it.
Entries in Facilitating Payments (52)
What else did Wal-Mart do in Mexico, and when, if ever, will compliance professionals and the public know about it?
It was an odd event a few weeks ago when the U.K.'s Serious Fraud Office removed some Bribery Act guidance from its website without explanation.
The question was: Does your organization allow facilitating payments?
People in Zimbabwe who can't afford small bribes often lose out on birth certificates and passports.
If issuers make a facilitation payment in a jurisdiction where that payment is illegal, but they record it accurately, they're essentially creating evidence of a crime.
We asked the editors of the FCPA Blog: Do you support or oppose facilitating payments, and why?
The Australian government's proposal to remove the facilitation payments defense may well be motivated by a desire to take a strong anti-corruption stance.