All Anti-Bribery articles – Page 39
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Blog
SFO Airbus investigation indicates new normal in financing and compliance
The Serious Fraud Office investigation into Airbus emphasizes the importance of compliance program best practices for borrowers in obtaining funding and loan guarantees, especially in light of the latest trend: government oversight. Tom Fox reports.
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The FCPA as an economic tool
The FCPA is rarely considered as an economoic tool. But as a means of fighting corruption, however, it also helps to improve market efficiency.
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Amid corruption scandals, compliance booms in Brazil
It might seem that corruption scandals are one of Brazil’s leading exports this year, but amid renewed government anti-bribery enforcement efforts, the country’s compliance sector is growing by leaps and bounds. Rodrigo Amaral has more.
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FCPA compliance and the social contract
Tom Fox looks at how Foreign Corrupt Practices Act compliance promotes multiple corporate stakeholders.
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LATAM Airlines resolves FCPA case for $22 million
LAN Airlines (now known as LATAM Airlines Group), a commercial airline company based in South America, has agreed to pay more than $22 million to settle parallel civil and criminal cases related to improper payments it authorized during a dispute between the airline and its union employees in Argentina. Jaclyn ...
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Frank’s International launches bribery probe
Frank’s International, a Netherland’s-based oil and gas company, said in a filing with the SEC that it is conducting an internal investigation into operations of certain of its foreign subsidiaries in West Africa including possible violations of the U.S. Foreign Corrupt Practices Act, the company’s policies and other applicable laws. ...
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SFO charges F.H. Bertling with bribery
The U.K. Serious Fraud Office SFO announced that it has charged logistics and freight operations company F.H. Bertling, a U.K.-based subsidiary of the German-headquartered Bertling Group, and seven individuals with one count of making corrupt payments, contrary to Section 1 of the Prevention of Corruption Act. Jaclyn Jaeger reports.
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SFO conducting criminal probe into Unaoil
The U.K. Serious Fraud Office confirmed this week that it is conducting a criminal investigation into the activities of Unaoil, its officers, employees and agents in connection with suspected offences of bribery, corruption and money laundering. Jaclyn Jaeger reports.
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Brazilian authorities sign leniency agreement with SBM Offshore
Dutch engineering company SBM Offshore announced this week it has reached a leniency agreement with Brazilian authorities to resolve allegations relating to the Petrobras bribery scandal. Jaclyn Jaeger reports.
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ArticleRobert Barrington: A world without graft
Jaclyn Jaeger talks with Robert Barrington, an authority on global corruption, corporate bribery, and corruption within the United Kingdom, who heads the U.K.’s branch of Transparency International, the world’s leading anti-corruption organization.
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The new FCPA enforcement circle is now complete
A trio of recent Foreign Corrupt Practices Act enforcement actions shows just how much companies can spare themselves undue pain if they self-report violations early and without holding back. Tom Fox has more.
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The chairman’s flight
The Justice Department has reached a plea agreement with David Sampson, the former chairman of the Port Authority of New York and New Jersey, who pressured executives of United Airlines to reopen a money-losing route, which flew near Sampson’s weekend home in South Carolina. In the world of the FCPA, ...
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Johnson Controls to pay $14.4 million to SEC in FCPA case
Johnson Controls has entered into a $14.4 million settlement with the SEC to resolve violations of the books and records and internal controls provisions of the FCPA with respect to its China Marine operations. JCI’s quick response, however, resulted in a declination with the Justice Department.
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A second corruption scandal arises in Brazil
Most of Brazil’s corruption focus over the past couple of years has been around Petrobras and the fallout from Operation Car Wash, but a second corruption scandal (dubbed Operation Zelotes) has arisen in Brazil that could be equally massive—this one relating to tax evasion by not only Brazilian companies, but ...
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Quid pro quo and FCPA enforcement
The Supreme Court’s reversal of the public corruption conviction of former VA Governor McDonnell should not have any effect on FCPA enforcement going forward. Tom Fox has more.
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Analogic resolves FCPA case for $15 million
Analogic, a medical-imaging technology provider, and BK Medical ApS, Analogic’s wholly-owned Danish subsidiary, have reached separate settlements with the Securities and Exchange Commission and the Department of Justice to resolve a Foreign Corrupt Practices Act case totaling payments of nearly $15 million. Jaclyn Jaeger reports.
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Transparency International: Nigeria must strengthen anti-corruption bodies
Global anti-corruption body Transparency International is pressing the Nigerian government to follow up on commitments made at the Anti-Corruption Summit in London on fighting corruption in the country and being more transparent about how it intends to use recovered stolen assets. Jaclyn Jaeger reports.
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Detecting corruption in the pharmaceutical sector
Jaclyn Jaeger looks at a new report from Transparency International that aims to help companies in the pharmaceutical industry detect and prevent corruption.
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Anti-Corruption Summit puts spotlight on transparency
London hosted the first ever international Anti-Corruption Summit last month to champion the fight against corruption on a global scale, with many countries committing to specific action plans. Jaclyn Jaeger analyzes what this all means for companies.
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Responsibility under the FCPA: persons vs. systems approach
How your company considers Foreign Corrupt Practices Act violations will inform its response. Inside, FCPA blogger Tom Fox examines the differences between a persons versus a systems approach when it comes to tackling those violations.