FCPA Takeaways in Layne Christensen
Image: Layne Christensen Co. joined the FCPA enforcement hall of shame this week; it was fined $5.1 million for various bribery infractions in Africa in the 2000s. Its aggressive investigation efforts won praise from regulators, but the root of the company’s problem—weak internal control over financial reporting—is still the far ...
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Throwing Books & Records at ’Em
Image: Compliance officers responsible for accurate books and records and effective internal control over financial reporting may be entering a brave new world of regulatory enforcement. The SEC is stepping up its use of administrative proceedings to impose strict liability on even relatively minor infractions of securities law. “The SEC ...
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PremiumGlencore compliance monitorships ended early by DOJ
The U.S. Department of Justice ended two compliance monitorships on Glencore International more than a year early, monitorships imposed in 2022 after the company was convicted of paying bribes and manipulating commodities markets.
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PremiumAs DOJ pivots away from white-collar enforcement, is FCPA still relevant?
While executives and boards will never conclude that bribery is a legitimate way of doing business, understandably many have questions about how to direct their FCPA compliance program efforts and resources, write Iris Bennett and Claire Rajan, partners at law firm Steptoe.