All ABB articles

  • CW2022 Kenneth Polite 2
    News Brief

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

    2023-03-23T20:20:00Z

    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

    2023-02-17T18:58:00Z

    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

    2023-01-18T17:17:00Z

    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
    Article

    TPRM Summit: Experts discuss FCPA lessons learned from ABB settlement

    2022-12-07T23:45:00Z

    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
    Article

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

    2022-12-05T16:19:00Z

    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
    Article

    SFO closes bribery investigation into ABB

    2020-05-27T15:13:00Z

    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

    2017-02-10T14:45:00Z

    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.