All Foreign Corrupt Practices Act articles – Page 11
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ArticleFCPA: Sets a high bar for compliance
The FCPA has made some positive contributions to compliance programs over the past decade, writes compliance attorney James Koukios of Morrison Foerster.
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Blog
Clear Channel hints to potential FCPA violations
Media company Clear Channel Outdoor disclosed that it has advised U.S. authorities about accounting discrepancies caused by the misappropriation of funds at its Chinese subsidiary, in possible violation of the Foreign Corrupt Practices Act.
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Blog
Dun & Bradstreet to pay $9M to resolve FCPA case
The SEC announced on Monday that Dun & Bradstreet will pay $9 million for violations of the Foreign Corrupt Practices Act arising from improper payments made by two Chinese subsidiaries. Meanwhile, the Department of Justice said it has declined prosecution “consistent with the FCPA Corporate Enforcement Policy.”
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Blog
Transportation company to pay $2M in FCPA case
Transport Logistics International, a company that provides services for the transportation of nuclear materials to customers in the United States and abroad, agreed to pay a $2 million criminal penalty in connection with a scheme that involved the bribery of an official at a subsidiary of Russia’s State Atomic Energy ...
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Blog
SEC charges Elbit Imaging with violations of FCPA
The SEC charged Israel-based Elbit Imaging with violating the books and records and the internal accounting controls provisions of the Foreign Corrupt Practices Act. Elbit agreed to a cease-and-desist order and to pay a $500,000 civil money penalty.
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Sanofi: Department of Justice ends FCPA probe
French pharmaceutical company Sanofi said that the U.S. Department of Justice has closed its inquiry into allegations concerning potential violations of the U.S. Foreign Corrupt Practices Act.
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Exterran FCPA investigation ends without enforcement action
Exterran said it will not face an enforcement action following a Foreign Corrupt Practices Act investigation, but an SEC investigation related to circumstances giving rise to a previous restatement is continuing.
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Fresenius Medical Care reserves €200 million in FCPA case
Germany-based Fresenius Medical Care, a provider of dialysis products and services, has set aside €200 million concerning its ongoing settlement negotiations with the U.S. government regarding potential violations of the Foreign Corrupt Practices Act.
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Teradata FCPA probe ends without enforcement action
IT service management company Teradata will not be facing any enforcement action following an investigation into questionable gifts and travel expenses by one of its international subsidiaries doing business in Turkey.
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Cobalt: SEC ends second FCPA probe
Cobalt International Energy disclosed in a securities filing this week that the SEC concluded its second investigation into potential violations of the Foreign Corrupt Practices Act related to the company’s operations in Angola and does not intend to bring an enforcement action.
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Blog
The end of the compliance defense debate
Over the years, there has been a siren’s call for the addition of a compliance defense to the FCPA. It’s time to send the so-called “compliance defense” packing.
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Article
How the FCPA withstands the test of time
Certain enforcement trends stemming from the Foreign Corrupt Practices Act will be with us for many years to come.
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Article
Lessons from the FCPA corporate enforcement policy
The Department of Justice’s new FCPA Corporate Enforcement Policy offers valuable lessons for companies that are considering how best to address a potential FCPA violation.
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Blog
Ciena discloses FCPA probe
Telecommunications company Ciena disclosed in its latest annual report that it has initiated an internal investigation into potential violations of the Foreign Corrupt Practices Act and voluntarily notified U.S. authorities.
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Article
As the FCPA turns 40, compliance officers reflect on its impact
Dec. 19 marks the 40th anniversary of the Foreign Corrupt Practices Act, prompting compliance officers to take stock of the overall effect FCPA enforcement has had on anti-corruption compliance programs.
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Article
Bilfinger executives share lessons learned from FCPA case
Two Bilfinger executives share their lessons learned following Bilfinger’s $32M criminal penalty and DPA with the Justice Department in 2013 for FCPA violations.
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Blog
SBM Offshore to pay $238M to resolve FCPA case
Dutch oil and gas services company SBM Offshore, and its wholly owned U.S. subsidiary SBM Offshore USA, will pay a criminal penalty of $238 million in connection with schemes involving the bribery of foreign officials in Brazil, Angola, Equatorial Guinea, Kazakhstan, and Iraq in violation of the Foreign Corrupt Practices ...
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Walmart sets aside $283M for FCPA resolution
Walmart-Stores has recorded an aggregate accrual of $283 million concerning the possible resolution with U.S. enforcement authorities of a longstanding Foreign Corrupt Practices Act case.
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Two ex-SBM executives plead guilty in Petrobras bribery scheme
Two former executives at Dutch oil and gas services company SBM Offshore have pleaded guilty to conspiracy to violate the Foreign Corrupt Practices Act for their roles in a scheme to bribe foreign government officials in Brazil, Angola, and Equatorial Guinea.
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Mastercard releases anti-bribery training film
Chief ethics and compliance officers seeking real-life stories of corruption that they can embed into their existing online anti-bribery compliance training will want to check out a new anti-bribery training film from Front-Line Anti-Bribery and Mastercard.