All Anti-Bribery articles – Page 41
-
Blog
Where will Brazil’s new president take Operation Car Wash?
Will Brazil’s interim president do away with the country’s fight against bribery and corruption? Early results are not promising, according to FCPA blogger Tom Fox, who offers a further look at recent troubles in the scandal-plagued country.
-
Blog
Is FIFA headed in the right direction?
Do FIFA's latest governance moves an indicator of a genuine effort to reform this embattled organization? Or is it just shuffling the deck chairs? The Man From FCPA Tom Fox reports.
-
Blog
The Yates Memo and the new normal for individual enforcement
In a speech before the New York bar, Justice Department Deputy Assistant Sally Yates detailed some of the effects the Justice Department has already seen from the Yates Memo, released last September, including a larger focus on individual actor culpability and a drive by DoJ lawyers to identify the individuals ...
-
Blog
A blizzard of corruption has 2016 off to a roaring FCPA start
There has been enough foreign corruption turmoil in the first few months of 2016 that one almost doesn’t want to see what the rest of the year has in store. It’s the kind of year where, already, the Petrobras and Dieselgate scandals seem like a century ago. Tom Fox reports.
-
Blog
New legal liabilities after Panama Papers?
The Man From FCPA, Tom Fox, looks at the implications behind the United Kingdom’s new mandate that banks selling to offshore companies in “murky territories” will be held responsible if it facilitates tax evasion by wealthy individuals, and how that mandate relates to anti-corruption compliance.
-
Blog
Siemens to pay $42 million in Israel bribe case
German electrical and engineering giant Siemens has agreed to pay a USD$42 million penalty to the Israeli government for bribes it paid to officials of state-owned Israel Electric in exchange for a contract to supply turbines more than ten years ago. Jaclyn Jaeger reports.
-
Blog
Survey: The toll of bribery and corruption on companies
Corruption, fraud, and other misconduct continue to plague compliance and legal officers at multinationals around the world, according to a recent global anticorruption survey conducted by AlixPartners. Jaclyn Jaeger provides an in-depth look at the survey results.
-
Blog
Harris: No DoJ action in FCPA case
Defense contractor Harris said last week in a quarterly filing that the Department of Justice has decided not to take any action following the completion of its investigation into potential violations of the Foreign Corrupt Practices Act. The SEC’s investigation remains ongoing.
-
Blog
Och-Ziff sets aside $200 million for FCPA probe
Och-Ziff Capital Management Group, a publicly traded hedge fund firm, disclosed in a quarterly filing this week that it has accrued a $200 million loss, thus far, to resolve violations of the Foreign Corrupt Practices Act. It also said its “probable” that the government will pursue civil and criminal sanctions.
-
Blog
KBR ‘cooperating’ in Unaoil investigation
Engineering and construction company KBR confirmed in a quarterly report last week that it’s been contacted by the Department of Justice in connection with the massive media-leaked bribery and corruption scandal surrounding Monaco-based Unaoil. Jaclyn Jaeger reports.
-
Blog
Don’t put illegal conduct in power point slide presentations
“Death by PowerPoint” is a typical description of really poor presentation technique, but it might just be a way to describe how some companies accidentally self-report their own corruption. Tom Fox has more.
-
Blog
Key Energy: Justice Department has closed FCPA investigation
Key Energy Services, an oilfield services company, said last week that the Department of Justice has decided not to file any charges against it in connection with a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act. Key said it's also reached an agreement in principle with ...
-
Blog
In Brazil, accountability has to start somewhere
The effort to unseat embattled Brazilian president Dilma Rousseff is receiving criticism because it is really an effort by her even more corrupt rivals to grab power. While that may be correct, does it matter, asks Editor Bill Coffin. Or is it just a handy excuse for giving Rousseff and ...
-
Blog
Unaoil-Can things get any bigger?
The Justice Department and SEC have their work cut out for them, says FCPA blogger Tom Fox, as the Monaco-based Unaoil scandal—in which the company used commissions to bribe clients—may be the biggest corruption enforcement action yet.
-
Blog
France introduces anti-corruption bill
France’s Finance Minister Michel Sapin introduced a proposed anti-corruption bill, Sapin II, to the French government last month that in many respects is inspired by anti-corruption laws already in place in the United States and United Kingdom. The bill, for example, “provides for the offense of corruptly influencing a foreign ...
-
Blog
Newmont Mining discloses FCPA investigation
Newmont Mining said this week in a securities filing that it is conducting an investigation relating to certain business activities of the company, its affiliates, and contractors in countries outside the United States. The gold mining company added that the investigation includes a review of compliance with the U.S. Foreign ...
-
Article
Carrots and sticks: A closer look at the FCPA Pilot Program
The Department of Justice has churned out a brief, but valuable, piece of guidance setting forth the details of a one-year FCPA enforcement pilot program, providing companies with much needed and long-awaited transparency into how the Criminal Division’s Fraud Section measures and credits voluntary self-disclosure and cooperation in FCPA investigations. ...
-
Blog
The other cleat drops in the FIFA corruption probe
Image: The FIFA corruption probe has shifted to U.S. corporations that did business with FIFA, regional soccer federations, and national soccer organizations, prompting some companies, including Nike, DirectTV, and Standard Chartered, to start their own internal investigations. The message is quite clear for those U.S. companies with affiliations to soccer ...
-
Article
Unaoil bribery scandal offers harsh lesson in due diligence controls
Image: CCOs can learn a lesson or two from the massive media-leaked bribery and corruption scandal surrounding Monaco-based Unaoil. “Unaoil’s due diligence reports contained a number of items that increased their risk level substantially, but there was no credible evidence of bribery or other misconduct,” says Alexandra Wrage, president of ...
-
Blog
NICE Actimize launches AML cloud solution
NICE Actimize, a NICE Systems business and provider of financial crime, risk and compliance software for the financial services industry, announced the launch of its Actimize AML Essentials Anti-Money Laundering Cloud solution, providing end-to-end packaged AML compliance capabilities designed specifically for the unique needs of mid-sized financial institutions.