This past week we learned that the Foreign Corrupt Practices Act (FCPA) has teeth. JP Morgan Chase (JPMorgan) essentially, used the hiring of the children of Chinese leaders as a bribe in exchange for US$100,000,000 in deals in China a violation of the FCPA. In addition the bank violated the anti-bribery, books and records, and internal controls provisions of the …
Transparency International measures global corruption
Critics say the NGO’s Corruption Perceptions Index conveys an ‘elite bias’ and doesn’t show evidence of actual corruption