All Anti-Bribery articles – Page 4
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Blog
Chilean chemicals and mining company to pay $30.5M in FCPA case
Chilean chemicals and mining company Sociedad Química y Minera de Chile (SQM) agreed to pay a combined $30.5 million in criminal and civil penalties in connection with payments to politically connected individuals in Chile in violation of the Foreign Corrupt Practices Act. Jaclyn Jaeger has more.
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How General Cable’s FCPA mess looks to the past and the future
General Cable’s sprawling FCPA enforcement action seemed to go everywhere at once. Tom Fox explains.
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Petrobras probe showcases global enforcement efforts
Brazil’s massive anti-corruption efforts are having a global impact, but self-serving politicians threaten to grind the entire thing to a halt. Jaclyn Jaeger reports.
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Argentine sports media company to pay $112M in FIFA probe
Torneos y Competencias, an Argentine sports marketing company, agreed to pay over $112.8 million in forfeiture and criminal penalties to resolve U.S. charges relating to wire fraud conspiracy in connection with the FIFA corruption scandal. Jaclyn Jaeger reports.
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How JPMorgan Chase avoided prosecution over ‘Sons and Daughters’
At one time, it looked like JPMorgan Chase had landed in fairly hot water with its ‘Sons and Daughters’ bribery scandal. But for every misstep, says Tom Fox, there is a path to freedom.
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21 individuals indicted in massive bribery and kickback scheme
A federal grand jury in Texas last month indicted 21 individuals involved in a massive bribery and kickback scheme for referring certain patients to physician-owned Forest Park Medical Center in Dallas. Jaclyn Jaeger reports.
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How did GSK obtain a declination?
If GlaxoSmithKline deserved a declination to prosecute, then the Justice Department needs to provide a better explanation as to why. Tom Fox reports.
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Two top compliance programs get together
The merger of General Electric and energy services company Baker Hughes Inc. combinews two firms that are recognized as having the very top compliance programs in the energy industry and indeed across the country. Tom Fox reports.
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Rio Tinto suspends executive amid corruption probe
Mining giant Rio Tinto has suspended Alan Davies, chief executive of its energy and minerals division, after uncovering potentially corrupt payments made to a consultant who was providing advisory services on an iron ore project in Guinea. Jaclyn Jaeger reports.
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Where is the Justice Department headed—no tea leaves needed
Tom Fox explores what Justice Department Compliance Counsel Hui Chen has in store for enforcement in light of recent remarks from Assistant Attorney General Leslie Caldwell.
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Caldwell: FCPA Pilot Program bringing more self-disclosures
When the FCPA Pilot Program was first announced, questions arose as to whether it would lead to an uptick in voluntary self-disclosures. According to Assistant Attorney General Leslie Caldwell, it has. Jaclyn Jaeger reports.
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The pros and cons of ISO 37001 certification
ISO has released a new anti-bribery standard, but not everyone is convinced that they actually need it, reports Jaclyn Jaeger.
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When charitable donations equal bribery
Bribes disguised as charity contributions may not be paving the road to hell with good intentions, but they come close. More from Jaclyn Jaeger.
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The FCPA and the fight against terrorism
Tom Fox looks at the U.S. government’s linking of corruption and terrorism and its intention to use the FCPA as incentive to enact and enforce strong international and domestic anti-corruption and anti-bribery laws.
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SFO charges three Tesco execs
The Financial Reporting Council ended the investigation of U.K. retail giant Tesco’s former CFO, and the Serious Fraud Office just brought charges against three more individuals. Neil Hodge has more.
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SFO investigates Airbus for fraud, bribery, and corruption
Five years after the Bribery Act, the Serious Fraud Office has yet to produce a major conviction. Will Airbus—the latest aerospace company under investigation—be its first big collar? Neil Hodge reports.
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Telia faces $1.4 billion fine for corruption in Uzbekistan
U.S. and Dutch authorities have proposed a $1.4 billion settlement with Swedish telecom firm Telia to resolve corruption violations relating to its transactions in Uzbekistan, making it possibly one of the largest Foreign Corrupt Practices Act fines to date. Jaclyn Jaeger reports.
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Cisco Systems FCPA probe ends in declinations
Networking giant Cisco Systems announced in its annual report that it will not face any enforcement actions in connection with a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act concerning its operations in Russia. Jaclyn Jaeger reports.
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U.K. FCA issues strong new financial crime reporting rules
Taking issue with numerous reports that London is an ideal environment for money laundering and other financial crimes, the city is fighting back, writes Neil Hodge.
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Survey: Anti-bribery compliance with ISO 37001 lagging
A joint survey conducted by Compliance Week and STEELE Compliance Solutions reveals that most compliance officers still have a lot of work to do if their anti-bribery compliance programs are to satisfy ISO 37001 certification. Jaclyn Jaeger reports.