All ABB articles

  • CW2022 Kenneth Polite 2
    News Brief

    Polite: Look to ABB case for ‘extraordinary cooperation’ example


    Compliance officers seeking clarity on what the Department of Justice means by “extraordinary” cooperation or “immediate” self-disclosure should look to the agency’s case history, said Assistant Attorney General Kenneth Polite Jr. during a speech.

  • DOJ building
    News Brief

    DOJ official defends use of DPAs amid criticisms


    Deputy Assistant Attorney General Lisa Miller spoke to the value of deferred prosecution agreements to resolve corporate misconduct amid renewed criticism directed toward the Department of Justice’s 2021 agreement with Boeing.

  • CW2022 Kenneth Polite 2
    News Brief

    DOJ urges voluntary self-disclosure in corporate enforcement policy updates


    The Department of Justice unveiled new incentives to encourage companies to voluntarily report violations of the Foreign Corrupt Practices Act, including steep discounts in monetary fines against businesses that self-disclose misconduct.

  • ABB building

    TPRM Summit: Experts discuss FCPA lessons learned from ABB settlement


    A panel on regulatory trends at CW’s virtual TPRM and Oversight Summit discussed lessons for compliance departments seeking to learn how to guard themselves against bad actors within their own firms contained in ABB’s recent $327 million bribery settlement.

  • ABB

    ABB avoids DOJ monitor, to pay $327M over South African bribes


    ABB agreed to pay $327 million in penalties to settle coordinated charges it paid bribes to win South African energy contracts. The company entered into a three-year deferred prosecution agreement with the DOJ for violations of the Foreign Corrupt Practices Act.

  • Bribe

    SFO closes bribery investigation into ABB


    The U.K. Serious Fraud Office closed its bribery investigation into power and automation technology provider ABB after concluding the case “did not meet the relevant test for prosecution.”

  • Blog

    SFO investigates ABB over Unaoil


    The U.K. Serious Fraud Office has commenced an investigation into the activities of ABB’s U.K. subsidiaries, their officers, employees, and agents for suspected offenses of bribery and corruption. Jaclyn Jaeger has more.