All FCPA articles – Page 19
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Blog
Department of Justice vows to speed up FCPA investigations
A U.S. Department of Justice official said in remarks that the agency is making a “concerted effort” to speed up the pace of FCPA investigations and that the agency expects cooperating companies to do the same.
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Blog
U.S. judge orders Odebrecht to pay $2.6B in global bribery case
A U.S. federal judge this week ordered Odebrecht to pay $2.6 billion in fines for violations of the Foreign Corrupt Practices Act, securing a plea deal reached last year with authorities in the United States, Brazil, and Switzerland.
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A farewell to Kara Brockmeyer but her legacy continues
The SEC bids a fond farewell to the head of its Foreign Corrupt Practices Act unit. Tom Fox looks back at Kara Brockmeyer’s illustrious career with the Commission.
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Public company scrutiny under the FCPA
A look at what could happen should Uber ever go public in terms of the books-and-record provision under the Foreign Corrupt Practices Act.
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The hard truths of the SQM enforcement action
The FCPA shows just how far its authority can extend when it comes to companies that blatantly disregard U.S. anti-corruption law.
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Deliberate ignorance and the FCPA
Tom Fox explores the term “conscious avoidance” under the FCPA, specifically in the case of Frederick Bourke, who invested in an enterprise in Azerbaijan that was engaged in bribery and corruption to obtain certain oil and gas rights of which Bourke claimed he had no knowledge.
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Article
The future of anti-corruption in Trump’s America
We are only a month into the Trump administration, and there are already a number of compliance developments to keep an eye on.
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Haiti Teleco—the sordid affair nears an end
The sordid 2011 Haitia Teleco matter may finally be winding down, as the last player was arrested in February for his involvement in payments of more than $1.4 billion to Haiti Telco representatives.
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What’s to come of the Pilot Program?
The countdown begins for when the compliance community will soon find out the fate of the Pilot Program initiated last year by the Criminal Division’s Fraud section. Until then, “the program will continue in full force until we reach a final decision on those issues,” Acting Assistant Attorney General Kenneth ...
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SEC ends FCPA probe of Crawford & Co
Crawford & Co, an independent claims management firm, disclosed in a quarterly report this week that the Securities and Exchange Commission said it will not be bringing charges following a Foreign Corrupt Practices Act investigation.
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On the evaluation of corporate compliance programs
Tom Fox looks at the Justice Department’s “Evaluation of Corporate Compliance Programs,” an 11-part list of questions that encapsulates the Justice Department’s most current thinking on what constitutes a best practices compliance program.
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Individual prosecutions as deterrence
Perhaps it’s not the penalties and fines, but rather the individual prosecutions that deter bad behavior. The Man From FCPA Tom Fox reports.
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Why bribery is bad for business
The Man From FCPA Tom Fox explores what happens when a company’s foundation is shaky and illegal.
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Panasonic discloses FCPA probe
Panasonic, a Japanese multinational electronics company, today issued a statement disclosing that it’s being investigated for potential violations of the Foreign Corrupt Practices Act. Jaclyn Jaeger reports.
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Former Assistant U.S. Attorney joins Hinshaw & Culbertson
The U.S. law firm of Hinshaw & Culbertson has named Kenneth Yeadon, Previously an Assistant U.S. Attorney for the Northern District of Illinois and a senior attorney with the Securities and Exchange Commission’s Division of Enforcement, as a partner in the Chicago office.
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Hosted hunting trips in Sweden and Texas
Tom Fox explores the ethical implications of hosted hunting trips and specifically the case of Fredrik Lundberg, chairman of Sweden-based Industrivarden, and Anders Borg, the former finance minister of that country, who was given just such a trip by Lundberg.
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Two former Och-Ziff executives charged with FCPA violations
The Securities and Exchange Commission last week charged two former executives at Och-Ziff Capital Management Group with being the driving forces behind a far-reaching bribery scheme that violated the Foreign Corrupt Practices Act. Jaclyn Jaeger reports.
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Anything of value really means anything
Tom Fox explores recent cases that fall under the FCPA “anything of value” standard, including JPMorgan Chase, Rolls-Royce, VimpelCom, and Qualcomm.
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Las Vegas Sands pays $7M for FCPA violations
Las Vegas Sands agreed to pay a $6.96 million criminal penalty to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act. This resolution is in addition to the $9 million related civil penalty paid to the SEC in April. Jaclyn Jaeger reports.
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Orthofix to pay $15M for accounting failures and FCPA violations
Medical-device company Orthofix International has agreed to admit wrongdoing and pay more than $14 million to settle SEC charges that it improperly booked revenue in certain instances and made improper payments to doctors at government-owned hospitals in Brazil in order to increase sales. Jaclyn Jaeger reports.