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Enforcement Action

Jaclyn Jaeger is an Editor at Compliance Week. She writes on a wide variety of topics, including ethics and compliance, regulatory enforcement matters, risk management, technology, and more. Jaeger welcomes questions and comments from readers; she can be reached via e-mail at jaclyn.jaeger@complianceweek.com.
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Enforcement Action Blog
Qualcomm to pay SEC $7.5 million for hiring practices
Jaclyn Jaeger | March 4, 2016
Digital telecommunications maker Qualcomm this week reached a $7.5 million settlement with the Securities and Exchange Commission to resolve charges that it violated the Foreign Corrupt Practices Act by hiring relatives of Chinese government officials. These officials were in positions to decide whether to select Qualcomm’s mobile technology products amid increasing competition in the international telecommunications market.
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Enforcement Action Blog
Nortek FCPA investigation costs reach $2.3 million
Jaclyn Jaeger | March 4, 2016
Nortek, a maker of home security and thermostat systems, said this week in a securities filing with the Securities and Exchange Commission that it has incurred $2.3 million in legal and other professional services costs relating to potential improper payments made by its Chinese manufacturing unit.
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Enforcement Action Blog
Mondelēz International faces FCPA probe
Jaclyn Jaeger | March 4, 2016
Mondelēz International, the U.S. parent of Mondelez India, recently disclosed in a securities filing that is being investigated by the U.S. Securities Exchange Commission and the Department of Justice for potential violations of the Foreign Corrupt Practices Act related to its operations in India.
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Enforcement Action Blog
Nordion to Pay SEC $375,000 for books and records violations of FCPA
Jaclyn Jaeger | March 7, 2016
Canada-based global life sciences company Nordion last week agreed to pay a $375,000 civil penalty to the Securities and Exchange Commission for violating the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act. The case offers numerous lessons for compliance officers responsible for accurate books and records and effective internal control over financial reporting.
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Enforcement Action Blog
Alere receives subpoena in foreign bribery probe
Jaclyn Jaeger | March 16, 2016
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Enforcement Action Blog
U.S. SEC probing hiring practices of HSBC and many other banks
Jaclyn Jaeger | February 29, 2016
London-based HSBC said in an earnings release last week that it is one of several banks being investigated by the U.S. Securities and Exchange Commission for its hiring practices in Asia. Hiring a family member or friend of a government official violates the Foreign Corrupt Practices Act if the intent of the hiring is to obtain or retain business.
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Enforcement Action Blog
Olympus to pay $623.2 million for kickback scheme
Jaclyn Jaeger | March 1, 2016
Olympus Corporation of the Americas, a wholly-owned subsidiary of Japan-based Olympus, will pay $623.2 million to resolve criminal charges and civil claims relating to a scheme to pay kickbacks to doctors and hospitals—the largest total amount paid in U.S. history for violations involving the Anti-Kickback Statute by a medical device company. The civil settlement resolves a lawsuit filed by John Slowik, OCA’s former chief compliance officer, who will receive $44.1 million from the federal share and $7 million from the state share of the civil settlement amount.
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Enforcement Action Blog
Platform Specialty Products self-reports FCPA probe
Jaclyn Jaeger | March 15, 2016
Platform Specialty Products, a chemical-products company, said in a regulatory filing this week that it is conducting an internal investigation to determine whether certain payments made by a recently acquired subsidiary to third-party agents in West Africa violated the Foreign Corrupt Practices Act.
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Enforcement Action Blog
Novartis to pay $25 million in FCPA case
Jaclyn Jaeger | March 24, 2016
Switzerland pharmaceutical giant Novartis yesterday reached a $25 million settlement with the Securities and Exchange Commission for violating the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act concerning its operations in China.
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Enforcement Action Blog
Zimmer Biomet: FCPA probe remains ongoing
Jaclyn Jaeger | March 28, 2016
Medical device maker Zimmer Biomet Holdings (formerly Biomet) is still under investigation by the Justice Department and SEC for possible violations of the Foreign Corrupt Practices Act regarding its operations in Brazil and Mexico. As a result, a three-year deferred prosecution agreement that Biomet entered into with the Justice Department in 2012 will be extended further.
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The Filing Cabinet Blog
VimpelCom discloses more details on FCPA damages
Jaclyn Jaeger | April 4, 2016
Amsterdam-based VimpelCom, a global telecommunication services provider, said last week in its annual report with the Securities and Exchange Commission that it has set aside $105 million for legal expenses associated with its $795 million settlement reached last month with U.S. and Dutch prosecutors for paying bribes to a government official in Uzbekistan.
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Enforcement Action Blog
Criminal Division launches new FCPA pilot program
Jaclyn Jaeger | April 5, 2016
Effective today, the Department of Justice’s Criminal Division has launched a one-year “pilot program” in the Fraud Section’s FCPA Unit as part of the agency’s effort to promote both transparency and accountability. At the end of the one-year pilot period, the Fraud Section will determine whether to extend or modify the program.
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Enforcement Action Blog
Las Vegas Sands pays $9 million for FCPA violations
Jaclyn Jaeger | April 8, 2016
Las Vegas Sands has agreed to pay a $9 million penalty to the Securities and Exchange Commission to settle charges that it violated the Foreign Corrupt Practices Act by failing to properly authorize or document millions of dollars in payments to a consultant facilitating business activities in China and Macao.
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Enforcement Action Blog
Newmont Mining discloses FCPA investigation
Jaclyn Jaeger | April 21, 2016
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 Corrupt Practices Act and other applicable laws and regulations.
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Enforcement Action Blog
Harris: No DoJ action in FCPA case
Jaclyn Jaeger | May 9, 2016
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.
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Enforcement Action Blog
SEC: Key Energy to pay $5 million in FCPA case
Jaclyn Jaeger | August 16, 2016
Key Energy Services will pay $5 million to the SEC in connection with a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act. Jaclyn Jaeger has more.
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Enforcement Action Blog
AstraZeneca settles FCPA case with SEC for $5.5M
Jaclyn Jaeger | September 2, 2016
Biopharmaceutical-company AstraZeneca has reached a $5.5 million settlement with the SEC to settle claims that it violated the Foreign Corrupt Practices Act by making improper payments to state-controlled healthcare providers in China and Russia. Jaclyn Jaeger reports.
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Enforcement Action Blog
Harris declinations: A landmark FCPA case?
Jaclyn Jaeger | September 23, 2016
The SEC will not take action against Harris Corp. for FCPA violations, but has brought charges against a former Harris executive for bribing Chinese government officials to obtain business. Jaclyn Jaeger explores.
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Enforcement Action Blog
Anheuser-Busch InBev settles FCPA case with SEC for $6M
Jaclyn Jaeger | September 28, 2016
Anheuser-Busch InBev today reached a $6 million settlement with the Securities and Exchange Commission for violations of the Foreign Corrupt Practices Act (FCPA) and for chilling a whistleblower who reported the misconduct. Jaclyn Jaeger reports.
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Enforcement Action Blog
Weatherford to pay $140M for accounting fraud
Jaclyn Jaeger | September 29, 2016
Switzerland-based oilfield services giant Weatherford International will pay $140M to settle charges that it inflated earnings by using deceptive income tax accounting. Jaclyn Jaeger reports.
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Enforcement Action Blog
Och-Ziff to pay $412M for FCPA violations
Jaclyn Jaeger | September 30, 2016
Och-Ziff Capital Management Group and wholly-owned subsidiary OZ Africa Management will pay $412M for the bribery of government officials in Africa—the first time a hedge fund has been accountable for FCPA violations. Jaclyn Jaeger has more.
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Enforcement Action Blog
Misonix discloses FCPA investigation
Jaclyn Jaeger | September 30, 2016
Medical-device maker Misonix said it voluntarily contacted the Securities and Exchange Commission and the U.S. Department of Justice this week to inform them about potential violations of the Foreign Corrupt Practices Act. Jaclyn Jaeger reports.
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Enforcement Action Blog
Cognizant self-discloses FCPA investigation
Jaclyn Jaeger | October 4, 2016
Cognizant Technology Solutions said in a recent regulatory filing that it is conducting an internal investigation to determine whether certain payments relating to facilities in India were made improperly and in possible violation of the U.S. Foreign Corrupt Practices Act.
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Enforcement Action Blog
Laureate Education launches FCPA probe into charitable donation
Jaclyn Jaeger | December 20, 2016
Laureate Education, a for-profit higher education institution, said that it is conducting an internal investigation into possible violations of the U.S. Foreign Corrupt Practices Act concerning an $18 million donation that one of its network institutions made in Turkey to a charitable foundation. Jaclyn Jaeger has more.
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Enforcement Action Blog
Regulators are getting busy on enforcement
Jaclyn Jaeger | December 22, 2016
Teva Pharmaceutical Industries will pay $519 million to settle charges that it violated the FCPA; while global construction company Odebrecht and petrochemical company Braskem (both based in Brazil) will pay a combined penalty of $3.5 billion to settle the largest foreign bribery case in history. Jaclyn Jaeger reports.
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