Reactions inspired by the Snowden leaks continue to heat up, the most recent being Roussef’s plans set up Brazil’s own secure email servers and to introduce legislation that would require all online information concerning Brazilians to be stored physically in Brazil. What is clear is that there is a significant gulf between the US attitude towards data flows and data protection and that of the rest of the world. There have long been conflicts of law but with the importance of the Internet, the promise (and threat) of Big Data and the proliferation of data volumes, life is just going to get more complicated, particularly if you are a corporate operating internationally.
Originally published in Oil & Gas Financial Journal, September 2013.
The article, cowritten by Toby Duthie and Derek Patterson at FRA, and David Lorello at Covington & Burling LLP, explores the impact of Anti-Bribery and Corruption (ABC) legislation on the extractive sector. It highlights key ABC risk areas at an operational level and in terms of business development. In addition, the article gives advice on best ABC practice and provides details of the financial, legal and reputational costs of failing to tackle bribery and corruption within a company.
Originally published in Latin Corporate-
Anti-bribery and corruption (ABC) legislation is similar across many jurisdictions. The prohibitions are deliberately broad and typically follow standards set forth in the OECD Anti-Bribery Convention, which in turn was largely modelled on the U.S. Foreign Corrupt Practices Act (FCPA).
Published in July 2013 and authored by Forensic Risk Alliance Partner, David Lawler, “Keeping to the Rules,” is an article that details what accounting records should be kept to satisfy international bribery regulations. It was first published in Accountancy.
Published in on 29 April 2013 and co-authored by Forensic Risk Alliance Partners, Toby Duthie and Rik Workman and Senior Manager, Emma Hodges, “What lies beneath,” is an article that discusses how to minimize corporate exposure to the risk of fraud and corruption in the context of forensic accounting. It was first published in The Lawyer.