All Anti-Bribery articles – Page 29
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Article
The new trend in FCPA compliance is cooperation
We may be seeing the dawn of a golden age of FCPA compliance as organizations and the government learn to work together so everybody stays clean.
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Blog
Princess investigates FIFA
A recent report indicates soccer’s global governing body, FIFA, has found itself embroiled in another corruption investigation, this time under the auspices of Jordanian Princess Haya bint al-Hussein, who has been working to uncover whether corrupt forces were at work in the two-time bid for FIFA presidency by her brother ...
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Blog
A promise to pay can be an FCPA violation
The South African imbroglio involving the Gupta family and their relationship to the current President of the country continues to be a sinkhole of reputational kryptonite. Tom Fox reports.
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Blog
Telia Company and Uzbek subsidiary to pay $965M for FCPA violations
Sweden-based telecommunications provider Telia Company and its Uzbek subsidiary, Coscom, will pay $965 million in total penalties in a global settlement to resolve corruption charges arising out of a scheme to win business in Uzbekistan.
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Blog
Communications in a best practices compliance program
When it comes to optimizing your compliance program, creating a robust channel of communications is absolutely crucial.
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Article
Report: Anti-bribery compliance gaining steam
A new benchmark report jointly conducted by Compliance Week and Steele Compliance Solutions looks at companies’ anti-bribery and anti-corruption programs.
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Blog
Eni spills about its growing global bribery probe
A report filed this month by Italian oil giant Eni shows how corruption allegations against it now include Nigeria, Iraq, Kazakhstan, Algeria, and Congo. The number of enforcement authorities, employees, and subsidiaries involved is also spreading.
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Blog
Braskem settles bribery class action for $10 million
Brazil-based petrochemical giant Braskem has reached a $10 million proposed settlement with U.S. investors for concealing its role in a bribery scheme involving state-owned oil company Petrobras.
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Article
Court deals setback to prosecutors in cross-border cases
In an age of increasing cross-border investigations, especially concerning FCPA violations, the use of compelled testimony, even when legally obtained, can derail a U.S. prosecution.
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Article
Is it impossible to operate cleanly in some countries?
Corruption may be seen as being “endemic” in some regions, but that cuts no ice with prosecutors in the United Kingdom. To them, a bribe is still a bribe.
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Article
Distilling lessons from the uptick in FCPA declinations
As the number of FCPA declinations is up, all indicators point to a general desire on the part of the DoJ and SEC to clear out old cases and re-evaluate which ones to pursue.
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Blog
MTS Systems: FCPA probes close with no action
MTS Systems, a global supplier of test systems and sensing solutions, said in a quarterly filing this month that it will not be facing an enforcement action regarding a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act.
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Article
Good controls are good business
A recent SEC case highlights five key ways in which strict compliance procedures still pay off for brokerage firms when it comes to detecting and preventing fraud.
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Blog
Vantage Drilling: Justice Department ends FCPA probe
Vantage Drilling Company, an offshore drilling contractor, announced this week that it will not be facing an enforcement action from the Department of Justice regarding a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act.
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Blog
Stericycle faces FCPA probe
Stericycle, a medical-waste disposal company, disclosed in a recent securities filing that it is being investigated by the Securities and Exchange Commission and the Department of Justice for potential violations of the Foreign Corrupt Practices Act concerning the company’s operations in Latin America.
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Resource
ISO 37001:2016 Anti-Bribery Management System Certification
To help companies worldwide increase and measure their efforts against bribery and corruption, the International Organization for Standardization (ISO) issued the ISO37001:2016 Anti-Bribery Management System standard.
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Article
Anti-corruption and human rights make Olympic debut
Starting with the 2024 Summer Games in Paris, Olympic host cities must agree to abide by certain anti-corruption and human rights principles meant to clean up the world of global sports.
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Article
SFO announces Rio Tinto corruption investigation
Rio Tinto faces large fines if it is found to have engaged in corrupt activity over its massive Simandou iron-mining project in Guinea. Heads have already rolled over it.
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Blog
Teradata discloses FCPA probe
Teradata, an IT service management company, disclosed in its most recent quarterly filing that it has, through internal processes, discovered potential violations of the Foreign Corrupt Practices Act concerning one of its international subsidiaries doing business in Turkey.
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Blog
Net1: Department of Justice closed FCPA probe
Net1 UEPS Technologies, a Johannesburg, South Africa-based provider of alternative payment systems, last week received a letter from the Criminal Division's Fraud Section of the U.S. Department of Justice advising the company that it has closed its investigation concerning possible violations of the Foreign Corrupt Practices Act.