All Anti-Bribery articles – Page 23
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Blog
Legg Mason to pay $64.2M in FCPA case
Investment management firm Legg Mason entered a non-prosecution agreement and agreed to pay $64.2 million to resolve an investigation into violations of the Foreign Corrupt Practices Act concerning Legg Mason’s participation in a Libyan bribery scheme, the Department of Justice announced.
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Legg Mason accrues $67M charge to earnings for FCPA matter
U.S. investment management firm Legg Mason disclosed in a securities filing on May 30 that it expects to soon complete negotiations with both the U.S. Department of Justice and the SEC to resolve a Foreign Corrupt Practices Act investigation.
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The benefits of tailored compliance training
A thoughtful look at focusing compliance training on an employee-by-employee basis could mean the difference in keeping corporate compliance on the right track.
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New Justice Dept. policy encourages coordination
The Department of Justice has announced a new policy that encourages coordination internally and with other enforcement agencies when imposing multiple penalties for the same conduct. The move is another step in the Department’s efforts toward greater transparency and consistency in corporate enforcement.
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Vantage Drilling reaches ‘agreement in principle’ with SEC in FCPA case
Offshore drilling contractor Vantage Drilling Co. has “reached an agreement in principle” with the Securities and Exchange Commission regarding a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act.
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Former U.S. Deputy Attorney General Sally Yates rejoins King & Spalding
International law firm King & Spalding today announced that former Acting Attorney General and Deputy Attorney General Sally Yates has returned to the firm as a partner on its Special Matters & Government Investigations team.
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Article
Lessons to be learned from first declination under new FCPA policy
The first declination under the new FCPA Corporate Enforcement Policy is not exactly a home run, but it does offer compliance officers a litany of considerations in addressing FCPA matters of their own.
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Operational excellence for better compliance
By focusing on the business process nature of compliance, you can create a more effective compliance regime.
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Autonomy verdict and FCPA defenses
A recent case involving Autonomy and Hewlett-Packard shows that it is not the bribe receiver’s conduct but the bribe payor’s conduct that matters.
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Learning lessons from FCPA enforcement actions
Two FCPA enforcement actions against Panasonic and Hewlett-Packard Mexico are good reading for the compliance practitioner and offer lessons in stamping out fraud.
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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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Panasonic must pay $280M to resolve FCPA charges
Panasonic Avionics has agreed to pay more than $280 million to resolve civil and criminal charges arising out of a scheme to retain consultants for improper purposes and conceal payments to third-party sales agents.
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Moving from operationalized compliance to connected compliance
The Man From FCPA explores how and why companies should move to a system of “connected compliance,” allowing them to take on more risks and more efficiently run the business.
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Implementing and maintaining a successful compliance program
There are three key areas that can help boards of directors to establish and maintain an effective compliance program—structure, culture, and risk management.
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The fight against worldwide corruption
When banks and regulators work together to halt the transfer, hiding, and parking of corrupt funds, the war on corruption takes one more giant step forward.
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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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Article
China’s new anti-graft agency brings key compliance risk
A powerful new anti-corruption enforcement body in China makes it imperative that firms carefully review existing interactions with public officials in the country.
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The value of a compliance oversight committee
The role of the compliance oversight committee is not to substitute its judgment for that of the CCO, but rather to provide another level of review to make sure nothing slips through the cracks that might expose the company to unwanted risk.
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Cemex FCPA investigation widens
Cemex has disclosed in a securities filing that the U.S. Department of Justice has requested from it information regarding an ongoing Foreign Corrupt Practices Act investigation.
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FIFA and more red flags
The latest FIFA corruption scandal should serve as another lesson in identifying and investigating red flags.