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Welcome to the latest issue of the Duxes Anti-Corruption Report, your premier source for anti-corruption and compliance news, opinions and forecasts. As detailed below (and available for download in .pdf format), this quarterly newsletter will include interviews with industry experts, breaking news and the latest updates on government policies and regulations.
Combating Global Corruption - The Never-Ending Task

Jermyn Brooks currently chairs the Business Advisory Board of Transparency International (TI). Jermyn’s work on behalf of TI began in 2000 and included roles as CFO, Managing Director, Board member, and leader of TI’s private sector programs. His external advocacy against corruption has encompassed membership in the Wolfsberg Anti-Money Laundering Group, work on the Business Principles for Countering Bribery, and extensive experience as a lecturer at international conferences. Jermyn joined TI after a career at PricewaterhouseCoopers, which ended with the position of Global Managing Partner with responsibility for completing the merger creating the joint firm between 1998 and 2000.

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Jermyn Brooks
Chair of Business Advisory Board
Transparency International
Corruption Is Still a Problem Ten Months After India’s Cash Ban
August 28, 2017
The Indian government banned high-value currency in late 2016, seeking to root out corruption, but bribery through real estate, luxury goods, and overseas travel, remains pervasive.
China has a message for Western companies: corruption does not pay
August 22, 2017
Chinese officials have drawn a hardline against multinationals that use corrupt behavior to undermine the rule of law.
Third-party relationships: advantageous or an Achilles’ heel?
August 18, 2017
Third party due diligence is one of the most challenging aspects of a corporate compliance program, requiring thorough cost-benefit analysis.
Basel AML index: countries still fall-sometimes severely-short
August 18, 2017
fall—sometimes severely—short The 2017 edition of the Basel Anti-Money Laundering Index reveals that the risk of money laundering is on the rise around the globe.
Anti-Corruption Risks and Drug and Device Companies
August 17, 2017
Pharmaceutical and medical device companies have drawn the ire of the Justice Department and SEC in recent “FCPA sweeps”, highlighting special risks related to distributor networks in the healthcare sector.
China calls for expanded anti-corruption cooperation with Canada
August 10, 2017
China will seek greater cooperation from Canada in extraditing fugitives fleeing corruption charges.
The FCPA: Energy Companies Doing Business Internationally Must Be Proactive
August 10, 2017
A settlement between energy giant Halliburton and the SEC, for violations of accounting provisions in the FCPA, demonstrates the importance of proactive compliance for energy companies operating in high-risk countries.
Putting the Do in Don’t: The New ISO 37001 Standard
August 2, 2017
The ISO 37001 standard, like its predecessors, offers a thorough anti-bribery framework for companies working to comply with the FCPA.
Anti-Corruption Compliance: The Need to Look Under the Cloak of Materiality
July 26, 2017
“Materiality” is an important concept for companies attempting to determine the legal risk resulting from corrupt activities. Though the amount of a bribery scheme may seem immaterial, the cumulative effect may prove to be materially damaging.
UK’s independent audit regulator consults on non-financial reporting guidance
August 25, 2017
The Financial Reporting Council, the UK’s corporate governance regulator, has released amendments to reporting and accountability guidelines, requiring companies to disclose information about anti-corruption matters.
China Cracks Down On Money Laundering
August 22, 2017
The Chinese government will lower the thresholds requiring banks to report cross-border transfers and overseas bankcard withdrawals, in an effort to combat money laundering.
France Updates Whistle-Blower Hotline Privacy Guidance
August 3, 2017
The French government has updated its guidelines for company whistle-blower hotlines, extending the protections to include outside collaborators who are not company employees.

If you have any questions or comments, please contact Nate Schneider on +86 21 5580 0330 x. 8180 or nate.schneider@duxes.cn.

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