Caturday
By JOE PALAZZOLO And CHRISTOPHER M. MATTHEWS
At a cafe in Abu Dhabi, two men met and discussed a bribe.
One worked for Cyril Sweett International Ltd., a U.K.-based company managing the construction of a $100 million hospital in Morocco. The other worked for the architecture firm HLW International LLP, which was vying for a $5.6 million contract to design the hospital.
The Cyril Sweett executive had come with a message: HLW would get the work if it agreed to pay 3.5% of the contract value to an official inside the United Arab Emirates president’s personal foundation, which was funding the project.
The May 2010 meeting, described in internal HLW documents reviewed by The Wall Street Journal, offers a rare, inside look at one company’s efforts to expand in a new market overseas without exposing itself to liability under a U.S. anticorruption law that has cost American companies billions of dollars in penalties in recent years.
The Financial Action Task Force said Friday that it issued guidance on how countries and the private sector should handle the money-laundering risks associated with prepaid cards, mobile payments and digital currencies.
The document examines how these payment products and services work, and how to regulate and supervise their use, the FATF said. When preparing the guidance, the FATF consulted with the private sector, it said.
Canada amended its anti-foreign bribery law to increase penalties, bar facilitation payments and criminalize books-and-records violations.
The law, which strengthens Canada’s Corruption of Foreign Public Officials Act, received royal assent on Wednesday, according to a client alert from law firm McCarthy Trenault.
It “significantly increases the scope” of Canada’s anti-bribery law and “enhances the ability” of Canadian authorities to prosecute cases, the alert said.
Rupert Murdoch, Donald Trump, Idi Amin, Joseph Stalin Celebrate Miami Heat Victory | Full Story
The Organization for Economic Cooperation and Development said in separate reports that Portugal needs proactive anti-bribery enforcement and Poland needs to create an anti-bribery strategy.
Each report, released Thursday by the OECD’s Working Group on Bribery, slams the respective country’s efforts toward fighting bribery.
James Gandolfini’s Lieutenant General Miller was one of the few people who could hold their own against Peter Capaldi’s Malcolm Tucker.
U.K. prosecutors said Tuesday they will charge a Sun journalist and a prison officer over bribes paid to the officer for information.
Prosecutors said Nick Parker, a reporter for the Sun, paid Lee Brockhouse, a prison officer, for information that included prison procedures and methods used by inmates for smuggling items into jail.
Parker will be charged with three counts of conspiracy to commit misconduct in a public office; Brockhouse will be charged with one count of misconduct in public office and one of conspiracy.