All FCPA articles – Page 21
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Blog
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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Article
Rare FCPA action puts financial services firms on notice
Thanks to wayward hedge fund Och-Ziff, the entire finserv world might face an FCPA sweep. Compliance officers, take note. Jaclyn Jaeger reports.
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Blog
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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Blog
Stopping little lies before they become FCPA violations
What makes a fraudster? And how can a fraudster’s actions lead to larger complications for your corporation’s Foreign Corrupt Practices Act policies? Tom Fox sets out to answer these questions.
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Blog
Tales of crocodile tails under the FCPA
While the FCPA makes clear it prohibits providing anything of value to a foreign governmental official, who’s to say what has value? For U.S. officials, it could be jewelery, cash, or sports tickets. But for Chinese executives, it could be something more exotic, say ... crocodile meat? Tom Fox has ...
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Blog
Embraer to pay $205M to resolve FCPA charges
Brazilian aircraft-company Embraer today reached a $205 million combined settlement with the Department of Justice, the Securities and Exchange Commission, and Brazilian authorities to resolve allegations of criminal and civil violations of the Foreign Corrupt Practices Act. Jaclyn Jaeger has more.
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Blog
Is a cup of coffee a reportable FCPA violation?
What’s next on the list of FCPA violations, a cup of coffee bought for a custom official while you await inspection? Tom Fox ponders that question after reading about Lennox International’s $475 facilitation payment Justice Department disclosure.
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Blog
Tell us everything you know
Getting credit for cooperating with the Department of Justice is getting a whole lot tougher. Tom Fox explores.
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Blog
Embraer nears end of FCPA case
Brazilian aircraft-company Embraer said this week that it is seeking to finalize agreements with the Department of Justice and the Securities and Exchange Commission to resolve allegations of criminal and civil violations of the Foreign Corrupt Practices Act. Jaclyn Jaeger reports.
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Blog
The Nu Skin FCPA enforcement action reminds all of the cost of non-compliance
Tom Fox looks at the recent enforcement action against Nu Skin: a one-time bribe equals a one-transaction enforcement action.
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Article
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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Blog
Is Weatherford under another FCPA investigation?
A recent SEC announcement regarding a $140M penalty Weatherford paid to settle charges that it inflated earnings mentioned a continuing investigation. What’s curious, notes Tom Fox, is that those investigating are known for their work in FCPA enforcement.
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Blog
Was the GlaxoSmithKline FCPA resolution a missed opportunity?
Tom Fox questions whether U.S. regulators missed a chance to illustrate how they would give credit for anti-corruption prosecutions done by other governments in the case of GlaxoSmithKline’s China subsidiary’s recent FCPA resolution.
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Blog
Cognizant self-discloses FCPA investigation
Cognizant Technology Solutions said in a recent regulatory filing that it is conducting an internal investigation to determine whether certain payments relating to facilities in India were made improperly and in possible violation of the U.S. Foreign Corrupt Practices Act.
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Blog
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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Article
Compliance measures save Harris from FCPA prosecution
Jaclyn Jaeger explains how when Harris Corp. learned of internal FCPA violations, its reaction would provide a case study for compliance officers everywhere.
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Blog
Misonix discloses FCPA investigation
Medical-device maker Misonix said it voluntarily contacted the Securities and Exchange Commission and the U.S. Department of Justice this week to inform them about potential violations of the Foreign Corrupt Practices Act. Jaclyn Jaeger reports.
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Blog
Och-Ziff to pay $412M for FCPA violations
Och-Ziff Capital Management Group and wholly-owned subsidiary OZ Africa Management will pay $412M for the bribery of government officials in Africa—the first time a hedge fund has been accountable for FCPA violations. Jaclyn Jaeger has more.
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Blog
Weatherford to pay $140M for accounting fraud
Switzerland-based oilfield services giant Weatherford International will pay $140M to settle charges that it inflated earnings by using deceptive income tax accounting. Jaclyn Jaeger reports.
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Blog
Anheuser-Busch InBev settles FCPA case with SEC for $6M
Anheuser-Busch InBev today reached a $6 million settlement with the Securities and Exchange Commission for violations of the Foreign Corrupt Practices Act (FCPA) and for chilling a whistleblower who reported the misconduct. Jaclyn Jaeger reports.