DOCSLIB.ORG

Gibson Dunn Webcast: FCPA Trends in the Emerging Markets of Asia

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Gibson Dunn Webcast: FCPA Trends in the Emerging Markets of Asia Webcast: FCPA Trends in the Emerging Markets of Asia, Russia, Latin America and Africa 9th Annual Complimentary Webcast Briefing F. Joseph Warin Joel M. Cohen Kelly S. Austin Benno Schwarz Sacha I. Harber-Kelly Oliver D. Welch January 8, 2019 MCLE Certificate Information MCLE Certificate Information • Most participants should anticipate receiving their certificate of attendance in four weeks following the webcast. • Virginia Bar Association members should anticipate receiving their certificate of attendance in six weeks following the webcast. • All questions regarding MCLE Information should be directed to Jeanine McKeown (National Training Administrator) at 213–229-7140 or [email protected]. Gibson Dunn 2 Topics to Be Discussed • An Overview of FCPA Enforcement • Emerging Market Trends: Asia, Russia, Latin America, and Africa - China: Anti-Corruption Enforcement & Trends - Russia: Anti-Corruption Enforcement & Trends - Latin America: Anti-Corruption Enforcement & Trends - South Korea: Anti-Corruption Enforcement & Trends - India: Anti-Corruption Enforcement & Trends - Africa: Anti-Corruption Enforcement & Trends • Global Trends and Risk Mitigation Strategies • Appendix: The FCPA Gibson Dunn 3 An Overview of FCPA Enforcement Gibson Dunn 4 FCPA Enforcement Actions Per Year (2009-2018) Number of FCPA Enforcement Actions Per Year 50 48 DOJ Actions 45 SEC Actions 40 35 32 29 30 26 26 25 25 23 21 21 19 20 17 17 14 15 12 11 10 10 10 9 10 8 5 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Gibson Dunn 5 Number of FCPA Enforcement Actions by Country (1978 to Present*) China 97 Nigeria 75 Mexico 60 Indonesia 51 Iraq 49 Brazil 45 Saudi Arabia 37 Argentina 35 India 33 Russia 31 Venezuela 26 Business conduct in China remains Angola 24 Kazakhstan 23 the largest source of FCPA actions in Thailand 22 Egypt 18 Malaysia 18 the history of the statute. Guinea 16 South Korea 16 Panama 15 Ivory Coast 15 Vietnam 15 Haiti 15 Costa Rica 14 Uzbekistan 14 Azerbaijan 14 DRC 13 Uganda 13 Greece 12 Iran 12 UAE 11 Ecuador 11 Colombia 11 Dominican Rep. 11 Honduras 10 Poland 10 Taiwan 10 Chile 10 Turkey 9 Bangladesh 9 Niger 8 Gabon 8 Nicaragua 8 Algeria 8 0 20 40 60 80 100 120 * Minimum eight enforcement actions. Gibson Dunn 6 Enforcement of the FCPA: Criminal Penalties Anti-Bribery Provisions • Corporations: USD 2 million fine or twice the pecuniary gain or loss. • Individuals: Up to five years’ imprisonment, and a USD 250,000 fine or twice the pecuniary gain or loss. Books and Records Provisions • Corporations: Criminal penalties up to a USD 25 million fine. • Individuals: Up to 20 years’ imprisonment, and a USD 5 million fine. Total Value of Corporate FCPA Monetary Resolutions (2004 – 2018) $2,500,000,000 $2,000,000,000 $1,500,000,000 $1,000,000,000 $500,000,000 $0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Gibson Dunn 7 Leading FCPA Enforcement Actions: Top Ten Monetary Settlements No. Company Total Resolution DOJ Component SEC Component Date 1 Siemens AG* $800,000,000 $450,000,000 $350,000,000 12/15/2008 2 Alstom S.A. $772,290,000 $772,290,000 -- 12/22/2014 3 Société Générale S.A. $585,000,000 $585,000,000 -- 6/4/2018 4 KBR/Halliburton $579,000,000 $402,000,000 $177,000,000 2/11/2009 5 Teva $519,000,000 $283,000,000 $236,000,000 12/22/2016 6 Telia** $483,103,972 $274,603,972 $208,500,000 9/21/2017 7 Och-Ziff $412,000,000 $213,000,000 $199,000,000 9/29/2016 8 BAE Systems*** $400,000,000 $400,000,000 -- 2/4/2010 9 Total S.A. $398,200,000 $245,200,000 $153,000,000 5/29/2013 10 VimpelCom**** $397,700,000 $230,200,000 $167,500,000 2/18/2016 Gibson Dunn 8 Global Dimension of Enforcement Actions In addition to record-setting monetary penalties in the U.S., several companies also have paid significant fines to non-U.S. regulators. Total US Company Non-US Resolution Resolution Siemens’s U.S. FCPA resolutions were coordinated with a Siemens AG USD 800,000,000 EUR 395 million (USD 569 million) anti-corruption settlement with the Munich Public Prosecutor. Odebrecht and Braskem agreed to pay a total of USD 3.5 Odebrecht S.A. & billion for a global settlement with authorities in the U.S., USD 419,800,000 Braskem S.A. Brazil, and Switzerland. The combined total amount of U.S., Dutch, and Swedish Telia USD 483,000,000 penalties was USD 965.8 million. Petróleo Brasileiro S.A. – Petrobras entered into agreements with U.S. and Brazilian USD 170,000,000 Petrobras authorities to pay a total fine of USD 853.2 million. Gibson Dunn 9 Global Dimension of Enforcement Actions (cont’d) Other Date Company United States Total Jurisdictions Involved Jurisdiction • Agreements: U.S., Germany 12/15/2008 Siemens AG $800,000,000 $800,000,000 $1,600,000,000 • Cooperation: Not identified in press release • Agreements: U.S., Netherlands 2/18/2016 VimpelCom $397,750,000 $397,750,000 $795,000,000 • Cooperation: Norway, Sweden, Switzerland, Latvia • Agreements: U.S., Brazil, Switzerland 12/21/2016 Odebrecht $253,000,000 $3,077,000,000 $3,330,000,000 • Cooperation: U.S., Brazil, Switzerland • Agreements: U.S., U.K., Brazil Rolls-Royce 1/17/2017 $170,000,000 $630,000,000 $800,000,000 • Cooperation: Austria, Germany, Netherlands, Singapore, PLC Turkey • Agreements: U.S., Netherlands, Sweden Telia Company 7/21/2017 $699,000,000 $266,000,000 $965,000,000 • Cooperation: Austria, Belgium, Cyprus, France, Ireland, AB Isle of Man, Latvia, Luxembourg, Norway, U.K. • Agreements: U.S., Netherlands, Brazil SBM Offshore 11/29/2017 $238,000,000 $582,000,000 $820,000,000 • Cooperation: Austria, Belgium, Cyprus, France, Ireland, NV Isle of Man, Latvia, Luxembourg, Norway, U.K. Keppel • Agreements: U.S., Brazil, Singapore 12/22/2017 Offshore & $105,000,000 $316,000,000 $421,000,000 • Cooperation: N/A Marine Ltd Société • Agreements: U.S., France 6/4/2018 $292,000,000 $293,000,000 $585,000,000 Générale SA • Cooperation: U.K., Switzerland Petróleo • Agreements: U.S., Brazil 9/27/2018 Brasileiro S.A. $170,640,000 $682,560,000 $853,200,000 • Cooperation: N/A – Petrobras* * Petrobras entered into an NPA with DOJ and an administrative resolution with the SEC. The SEC resolution Gibson Dunn included FCPA and other charges. As part of that resolution, the SEC ordered Petrobras to pay an additional 10 $933,473,797, which was deemed satisfied by Petrobras’s payments in a related class action settlement. Corruption Trends: Asia, Russia, Latin America, and Africa Gibson Dunn 11 China Gibson Dunn 12 China: Market Characteristics 1.4 billion Estimated population of China in 2018. Median age of 37. USD 299.6 China’s annual foreign trade billion surplus through November 2018. USD 2.27 Total value of exports through November 2018. trillion China’s projected GDP growth rate 6.3% for 2019. China’s projected inflation for 2.61% 2019. USD 7.95 Off-balance-sheet debt by Chinese local governments. trillion Sources: Worldometers, China Population 2018 (retrieved on December 15, 2018) http://www.worldometers.info/world-population/china-population/; Hong Kong Trade Development Council, Economic and Trade Information on China (December 14, 2018) http://china-trade-research.hktdc.com/business-news/article/Facts-and-Figures/Economic-and-Trade- Gibson Dunn Information-on-China/ff/en/1/1X000000/1X09PHBA.htm; China: inflation rate from 2012 to 2023 (retrieved on December 15, 2018) https://www.statista.com/statistics/270338/inflation- 13 rate-in-china/; China GDP Annual Growth Rate (retrieved on December 15, 2018) https://tradingeconomics.com/china/gdp-growth-annual. Photo credit: The top image was originally posted Flickr by Kim Sklinar at https://www.flickr.com/photos/17266413@N00/253479003. It was uploaded to Wikimedia Commons using Flickr upload bot on January 15, 2009 by Quatro Valvole. This file is licensed under the Creative Commons Attribution-Share Alike 2.0 Generic license (https://creativecommons.org/licenses/by-sa/2.0/deed.en). China: Corruption Landscape th th China ranks 77 out of 180 China ranks 66 out of 140 According to World Bank’s countries in Transparency countries in the World Economic Global Governance Indicators, rd International’s Corruption Forum’s Corruption Index. China improved from the 33 th Perceptions Index. percentile in 2007 to the 47 percentile in 2017 on control of corruption. As Xi Jinping’s highly political anti-corruption campaign continues, more than 1.5 million officials have been sanctioned over the past six years as part of the crackdown. Since January 1, 2018: Number of officials disciplined by CCDI in China for violations of the “Eight Rules” 48, 589 (embezzlement, bribery, abuse of power, misappropriation, dereliction of duty, and malpractice). 48, 456 Number of cases investigated by CCDI in China for violations of the “Eight Rules.” 68, 509 Number of officials investigated by CCDI in China for violations of the “Eight Rules.” Sources: Xinhua, 央企正风反腐怎么抓——访中央纪委国家监委驻国资委纪检监察组组长陈超英 (August 28, 2018) http://www.xinhuanet.com/fortune/2018- 08/28/c_1123337914.htm; CCDI, 2018年10月全国查处违反中央八项规定精神问题5585起 (November 27, 2018) http://www.ccdi.gov.cn/toutiao/201811/t20181127_184069.html; Gibson Dunn The Global Competitiveness Report 2018 (October 16, 2018) http://www3.weforum.org/docs/GCR2018/05FullReport/TheGlobalCompetitivenessReport2018.pdf; Worldwide 14 Governance Indicators Project (September 21, 2018) http://info.worldbank.org/governance/wgi/index.aspx#reports; Transparency International, Corruption Perceptions Index 2017 (February 21, 2018) https://www.transparency.org/news/feature/corruption_perceptions_index_2017. China: Anti-Corruption Campaign and Domestic Enforcement 2018 saw a tide of investigations, arrests, and prosecutions of high-level officials: • Former Interpol President and Vice Minister of China’s • Former Vice Governor of Liaoning stood trial in Ministry of Public Security Meng Hongwei was November 2018 and pleaded guilty to accepting money detained by Chinese authorities in September 2018.
Load more

Recommended publications
  • Insights for Intra-Party Tensions?
    Hong Kong as a proxy battlefield Insights for Intra-Party tensions? Zhang Xiaoming 张晓明, the director of the State Council Hong Kong and Macau Affairs Office 国务 院港澳办, was replaced a few days ago, as vice-director of the small leading group of the same name, by the current Minister of Public Security, Zhao Kezhi 赵克志. That said, it seems Hong Kong’s issues run deeper than just a few personnel appointments. Is the special administrative zone becoming a proxy battleground for opposing political forces inside the Party? The timeline and people involved suggest that parts of the ongoing crisis might have been made by design by outgoing political networks amid the anti-corruption campaign. From the selection of Carrie Lam 林郑月娥, the underpinnings of the Hong Kong and Macau affairs system, to the bid for the London Stock Exchange, there is more than meets the eye. The “Manchurian” Candidate and the Jiangpai From the beginning, the opinion was that Madame Lam would be a short-live replacement for Liang Zhenying 梁振英. Carrie Lam, who actually joined the protest – even for a brief moment – for universal suffrage back in 2014, stayed close to the negotiation with Beijing, unlike some of her counterparts who were refused entry in Shenzhen back in 2015. She then became one of the favorite faces of the administration, especially in late 2016, when Liang Zhenying1 announced he would not be running for re-election. Liang, a representative of the “old regime” – associated with both Zeng Qinghong 曾庆红2 and Zhang Dejiang 张德江, was creating issues leading to the deterioration of the situation in Hong Kong (i.e.
    [Show full text]
  • Rule of Law and Its Effect on Chinese Economic Development
    Al WASATH Jurnal Ilmu Hukum Volume 2 No. 1 April 2021: 41-57 RULE OF LAW AND ITS EFFECT ON CHINESE ECONOMIC DEVELOPMENT Roziqin Guanghua Law School, Zhejiang University, China Email: [email protected] ABSTRACT China's economic growth during the Covid-19 pandemic was impressive because it did not fell into recession. China's government has become a role model for facing Covid-19 outbreaks. China is now the world's wealthiest country, if we see its Gross Domestic Product from Purchasing Power Parity (GDP-PPP). China's position as the number one globally is faster than Jacques's prediction in 2009 that it will happen in 2050. For China, which does not implement liberal democracy, the writer hypothesizes that the reasonable choice to develop the economy is state-driven development through the rule of law. At present, the rule of law has become a daily conversation of the Chinese people. However, there are still many outsiders who doubt China has and applies the rule of law. It happens because China implements the rule of law with Chinese characteristics. This research will study the rule of law with Chinese characteristics, China's effort to implement the rule of law, and the rule of law on China's economy. This study uses a qualitative descriptive approach to explain the rule of law with Chinese characteristics. It will analyze the rule of law concept and its effect on China's economy. China applies the rule of law with Chinese characteristics based on Chinese traditions, which are heavily influenced by Confucius's teachings and prioritize obligations rather than rights.
    [Show full text]
  • Turning the Tide on Dirty Money Why the World’S Democracies Need a Global Kleptocracy Initiative
    GETTY IMAGES Turning the Tide on Dirty Money Why the World’s Democracies Need a Global Kleptocracy Initiative By Trevor Sutton and Ben Judah February 2021 WWW.AMERICANPROGRESS.ORG Contents 1 Preface 3 Introduction and summary 6 How dirty money went global and why efforts to stop it have failed 10 Why illicit finance and kleptocracy are a threat to global democracy and should be a foreign policy priority 13 The case for optimism: Why democracies have a structural advantage against kleptocracy 18 How to harden democratic defenses against kleptocracy: Key principles and areas for improvement 21 Recommendations 28 Conclusion 29 Corruption and kleptocracy: Key definitions and concepts 31 About the authors and acknowledgments 32 Endnotes Preface Transparency and honest government are the lifeblood of democracy. Trust in democratic institutions depends on the integrity of public servants, who are expected to put the common good before their own interests and faithfully observe the law. When officials violate that duty, democracy is at risk. No country is immune to corruption. As representatives of three important democratic societies—the United States, the European Union, and the United Kingdom—we recognize that corruption is an affront to our shared values, one that threatens the resiliency and cohesion of democratic governments around the globe and undermines the relationship between the state and its citizens. For that reason, we welcome the central recommendation of this report that the world’s democracies should work together to increase transparency in the global economy and limit the pernicious influence of corruption, kleptocracy, and illicit finance on democratic institutions.
    [Show full text]
  • Chinese Sharp Power Are Political and Economic Elites (“Elite Capture”); Media and Public Opinion; and Civil Society, Grassroots, and Academia
    A Macdonald-Laurier Institute Publication THE HARD EDGE OF SHARP POWER Understanding China’s Influence Operations Abroad J. Michael Cole October 2018 Board of Directors CHAIR Richard Fadden Pierre Casgrain Former National Security Advisor to the Prime Minister, Director and Corporate Secretary, Ottawa Casgrain & Company Limited, Montreal Brian Flemming VICE-CHAIR International lawyer, writer, and policy advisor, Halifax Laura Jones Robert Fulford Executive Vice-President of the Canadian Federation Former Editor of Saturday Night magazine, of Independent Business, Vancouver columnist with the National Post, Ottawa MANAGING DIRECTOR Wayne Gudbranson Brian Lee Crowley, Ottawa CEO, Branham Group Inc., Ottawa SECRETARY Calvin Helin Vaughn MacLellan Aboriginal author and entrepreneur, Vancouver DLA Piper (Canada) LLP, Toronto Peter John Nicholson TREASURER Inaugural President, Council of Canadian Academies, Martin MacKinnon Annapolis Royal CFO, Black Bull Resources Inc., Halifax Hon. Jim Peterson DIRECTORS Former federal cabinet minister, Blaine Favel Counsel at Fasken Martineau, Toronto Executive Chairman, One Earth Oil and Gas, Calgary Barry Sookman Jayson Myers Senior Partner, McCarthy Tétrault, Toronto Chief Executive Officer, Jayson Myers Public Affairs Inc., Aberfoyle Jacquelyn Thayer Scott Past President and Professor, Cape Breton University, Dan Nowlan Sydney Vice Chair, Investment Banking, National Bank Financial, Toronto Vijay Sappani Co-Founder and Chief Strategy Officer, Research Advisory Board TerrAscend, Mississauga Veso Sobot
    [Show full text]
  • Mocenské Zájmy a Vliv ČLR V ČR
    CEVRO INSTITUT Bakalářská práce POLITOLOGIE A MEZINÁRODNÍ VZTAHY Mocenské zájmy a vliv ČLR v ČR Autor: Milan Trieu Vedoucí bakalářské práce: PhDr. Pavel Pšeja, Ph.D. Praha 2021 Čestné prohlášení Prohlasuji, ze jsem bakalářskou práci zpracoval samostatne a vyznacil v ni veskere pouzite zdroje informaci. V Praze, 27. dubna 2021 ……………………………… age Podpis 2 Poděkování Na tomto miste bych rád vyjádřila vřele podekováni svemu vedoucimu PhDr. Pavlu Psejovi za cenne rady a připominky. 3 1. Obsah 1. Obsah ................................................................................................................. 4 2. Úvod ................................................................................................................... 6 3. Metodologie ..................................................................................................... 10 4. Čínské společnosti v ČR ...................................................................................13 4.1. CITIC (CITIC GROUP) ................................................................................................ 17 4.1.1. Žung I-zen ............................................................................................................................................18 4.1.2. CITIC Group v ČR ..............................................................................................................................19 4.2. CEFC ......................................................................................................................... 20 4.2.1. CEFC
    [Show full text]
  • U.S. Policy Toward Eurasia and the Role of the U.S. Congress
    U.S. POLICY TOWARD EURASIA AND THE ROLE OF THE U.S. CONGRESS May 27 – June 2, 2019 | Prague, Czech Republic U.S. POLICY TOWARD EURASIA AND THE ROLE OF THE U.S. CONGRESS The Aspen Institute Congressional Program May 27 – June 2, 2019 Prague, Czech Republic TABLE OF CONTENTS Rapporteur’s Summary Matthew Rojansky .............................................................................................................. 3 U.S. Policy Toward Eurasia and the Role of the U.S. Congress Thomas Graham ...............................................................................................................17 Getting America Off the Backfoot in Eurasia Evan A. Feigenbaum .........................................................................................................23 Does BRI Really Exist? Robert Daly ......................................................................................................................29 China’s Rise as a Geo-Economic Influencer in Eurasia Philippe Le Corre ...............................................................................................................39 It’s Time to Rethink Russia’s Foreign Policy Strategy Dimitri Trenin ...................................................................................................................47 Is Russia a U.S. 'Adversary' or Just a 'Competitor'? Developing a Sustainable, Realistic U.S. Policy Towards Russia Nikolas K. Gvosdev ............................................................................................................59 The
    [Show full text]
  • VOLUME 19 • ISSUE 9 • MAY 9, 2019 On
    VOLUME 19 • ISSUE 9 • MAY 9, 2019 SPECIAL ISSUE: CHINA’S UNITED FRONT OPERATIONS AROUND THE WORLD IN THIS ISSUE: On the Correct Use of Terms for Understanding “United Front Work” By Anne-Marie Brady Reorganizing the United Front Work Department: New Structures for a New Era of Diaspora and Religious Affairs Work By Alex Joske The United Front Work Department Goes Global: The Worldwide Expansion of the Council for the Promotion of the Peaceful Reunification of China By John Dotson ​ United Front Work by Other Means: China’s “Economic Diplomacy” in Central and Eastern Europe By Martin Hála How Beijing is Shaping Politics in Western Australia By Wai Ling Yeung and Clive Hamilton Editor’s note: This is a special theme issue of China Brief, focused on China’s “united front” (tongyi zhanxian, 统一战线) ​ ​ ​ ​ ​ influence operations throughout the world. Many of the Chinese government’s united front activities are entrusted to a specific organization: the Communist Party’s United Front Work Department (UFWD), which handles a broad range of policy portfolios ranging from ethnic and religious affairs within China, to seeking influence over ethnic Chinese ​ communities and governments in foreign countries. However, in a much broader sense, the “united front” also represents a series of political strategies and tactics, employed by a variety of Chinese state-affiliated organizations, to pursue the interests of the Chinese Communist Party throughout the world. In our first article, Anne-Marie Brady helps to frame the issue by examining the nature of “united front work,” and the language employed in reference to these activities.
    [Show full text]
  • UNITED STATES BANKRUPTCY COURT Southern District of New York *SUBJECT to GENERAL and SPECIFIC NOTES to THESE SCHEDULES* SUMMARY
    UNITED STATES BANKRUPTCY COURT Southern District of New York Refco Capital Markets, LTD Case Number: 05-60018 *SUBJECT TO GENERAL AND SPECIFIC NOTES TO THESE SCHEDULES* SUMMARY OF AMENDED SCHEDULES An asterisk (*) found in schedules herein indicates a change from the Debtor's original Schedules of Assets and Liabilities filed December 30, 2005. Any such change will also be indicated in the "Amended" column of the summary schedules with an "X". Indicate as to each schedule whether that schedule is attached and state the number of pages in each. Report the totals from Schedules A, B, C, D, E, F, I, and J in the boxes provided. Add the amounts from Schedules A and B to determine the total amount of the debtor's assets. Add the amounts from Schedules D, E, and F to determine the total amount of the debtor's liabilities. AMOUNTS SCHEDULED NAME OF SCHEDULE ATTACHED NO. OF SHEETS ASSETS LIABILITIES OTHER YES / NO A - REAL PROPERTY NO 0 $0 B - PERSONAL PROPERTY YES 30 $6,002,376,477 C - PROPERTY CLAIMED AS EXEMPT NO 0 D - CREDITORS HOLDING SECURED CLAIMS YES 2 $79,537,542 E - CREDITORS HOLDING UNSECURED YES 2 $0 PRIORITY CLAIMS F - CREDITORS HOLDING UNSECURED NON- YES 356 $5,366,962,476 PRIORITY CLAIMS G - EXECUTORY CONTRACTS AND UNEXPIRED YES 2 LEASES H - CODEBTORS YES 1 I - CURRENT INCOME OF INDIVIDUAL NO 0 N/A DEBTOR(S) J - CURRENT EXPENDITURES OF INDIVIDUAL NO 0 N/A DEBTOR(S) Total number of sheets of all Schedules 393 Total Assets > $6,002,376,477 $5,446,500,018 Total Liabilities > UNITED STATES BANKRUPTCY COURT Southern District of New York Refco Capital Markets, LTD Case Number: 05-60018 GENERAL NOTES PERTAINING TO SCHEDULES AND STATEMENTS FOR ALL DEBTORS On October 17, 2005 (the “Petition Date”), Refco Inc.
    [Show full text]
  • Corruption Perceptions Index 2019
    CORRUPTION PERCEPTIONS INDEX 2019 Transparency International is a global movement with one vision: a world in which government, business, civil society and the daily lives of people are free of corruption. With more than 100 chapters worldwide and an international secretariat in Berlin, we are leading the fight against corruption to turn this vision into reality. #cpi2019 www.transparency.org/cpi Every effort has been made to verify the accuracy of the information contained in this report. All information was believed to be correct as of January 2020. Nevertheless, Transparency International cannot accept responsibility for the consequences of its use for other purposes or in other contexts. ISBN: 978-3-96076-134-1 2020 Transparency International. Except where otherwise noted, this work is licensed under CC BY-ND 4.0 DE. Quotation permitted. Please contact Transparency International – [email protected] – regarding derivatives requests. CORRUPTION PERCEPTIONS INDEX 2019 2-3 14-15 22-23 Map and results Asia Pacific Western Europe & Indonesia European Union 4-5 Papua New Guinea Malta Executive summary Estonia Recommendations 16-17 Eastern Europe & 24-25 Central Asia Trouble at the top 6-8 Armenia Global highlights TABLE OF CONTENTS TABLE Kosovo 26 Methodology 9-11 18-19 Political integrity Middle East & North 27-29 Transparency in Africa Endnotes campaign finance Tunisia Political decision-making Saudi Arabia 12-13 20-21 Americas Sub-Saharan Africa United States Angola Brazil Ghana TRANSPARENCY INTERNATIONAL 180 COUNTRIES. 180 SCORES.
    [Show full text]
  • Submission to the Inquiry on Foreign Interference, New Zealand Parliament, Justice Select Committee, 2019
    Submission to the Inquiry on Foreign Interference, New Zealand Parliament, Justice Select Committee, 2019 Professor Anne-Marie Brady My qualifications to speak on this topic: I am a specialist in the politics of the People’s Republic of China (PRC, China) and the Chinese Communist Party’s (CCP) Party-State system; as well as polar issues, Pacific politics, and New Zealand foreign policy. I have published ten books and close to fifty scholarly papers on these topics. I was educated in Auckland, Shanghai, and Canberra. I am a fluent Mandarin Chinese speaker with dual degrees up to PhD level in Chinese Studies and Political Science and International Relations. I am a Professor in Political Science and International Relations at the University of Canterbury, as well as a Global Fellow at the Woodrow Wilson Center in Washington DC, a non-resident Senior Fellow at the China Policy Institute at the University of Nottingham, and a member of the Council on Security Cooperation in the Asia-Pacific (New Zealand). I have taught graduate and undergraduate courses at East China Normal University, Tsinghua University, Wuhan University, Beijing University, and Renmin University. My comments in this submission are based on conclusions in my research published over the last thirty years. In researching these papers and books I referred to many thousands of Chinese language CCP materials and the comments I make here are based on those sources, as well as secondary sources on the CCP’s united front work. My submission: My submission to the Justice Select Committee Inquiry into Foreign Interference is in two parts: 1.
    [Show full text]
  • Pay-To-Play Restrictions on Campaign Contributions from Government Contractors, 2016
    Pay-to-Play Restrictions on Campaign Contributions from Government Contractors, 2016 by Craig Holman, Ph.D., Public Citizen; and Kyung rok Wi, Democracy Law Project at Penn Law Pay-to-play is the all-too-common practice of an individual or business entity making campaign contributions to a public official with the hope of gaining a lucrative government contract. Usually, though not always, pay-to-play abuses do not take the form of outright bribery for a government contract. Rather, pay-to-play more often involves an individual or business entity buying access for consideration of a government contract. Using campaign contributions to influence the awarding of government contracts not only damages the integrity of the contracting process and undermines the public’s confidence in government, it can also endanger otherwise promising careers of those who may be tempted to cross the line. Illinois Governor George Ryan, who was once rumored to be in the running for a Nobel Peace Prize, instead was convicted of corruption and spent five years in prison. This report identifies 15 states, the federal government and the Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB) with some form of campaign contribution limits on contractors. Several other jurisdictions have disclosure-only requirements on government contractors and dozens of municipalities also have such restrictions. The laws vary widely in effectiveness and scope. The strongest pay-to-play laws will have several key elements, including: (i) a broad definition of contractors subject to the restrictions to include senior executive personnel; (ii) special disclosure requirements so that compliance can be easily monitored; (iii) forfeiture of the contract and future contract business for serious violations; and (iv) a cure provision to clean up inadvertent mistakes.
    [Show full text]
  • Caixin Group Subscription Introduction
    2019 Caixin Group Subscription Introduction PRESENTED BY Caixin Global 1. About Caixin 2. Our Expertise 3. Group Subscription Benefits 1. About Caixin As China’s most influential and independent financial media outlet, Caixin is recognized as an unrivaled producer of financial journalism and an indispensable source of information for business leaders, investors, and policymakers. Its platforms include websites, mobile apps, periodicals, video programs, books and conferences. Relying on the professional team and strong original news advantage, Caixin has established the "news + data" two-wing business platform, which covers Chinese media, English media, high-end financial data and other multi-level products. Caixin provides accurate, comprehensive and in- depth financial coverage and information services for China's most influential audience. Led by Hu Shuli, a well-known journalist, Caixin’s team is based in Beijing and is widely spread at home and abroad. It is renowned for its independent thinking, critical spirit and professionalism. We are both journalists familiar with the Chinese economy and economic observers with a strong global perspective. 2009 2016 2017 Caixin Media Group Founded Caixin Global Founded Started Paywall As the founder of Caixin media, Hu Shuli's achievements in journalism have won international recognition and respect. She insists on the independence and professionalism of journalism, and continues to promote the development of China's journalism. • named one of the World’s 50 Greatest Leaders by Fortune in 2017. • awarded an honorary doctorate from Princeton University in 2016 • awarded the Ramon Magsaysay Award in 2014 • awarded the Missouri Honor Medal for Distinguished Service in Journalism in 2012 • named one of the Forbes Asia's Power Business Woman in 2013.
    [Show full text]