Anti-Bribery

Marubeni, a Japanese trading company, last week agreed to pay a total of $88 million to the Department of Justice to resolve criminal charges over violations of the Foreign Corrupt Practices Act in connection with bribes paid to foreign government officials in Indonesia.  On March 19, Marubeni pleaded guilty in the U.S. District Court for […]

Orthofix International, a maker of orthopedic products, announced this week in a Form 10-K filing with the Securities and Exchange Commission that it has launched an internal investigation into potential violations of the Foreign Corrupt Practices Act with respect to its subsidiary in Brazil. In August 2013, the company’s internal legal department was notified of […]

A couple of weeks ago, I spent seven hours in a marathon session watching HBO’s new series, True Detective, in anticipation of the final installment. And, I must confess, this was the third time I viewed the episodes, trying to piece together more information that might let me see the true identity of the leader […]

A somewhat rare citing that should be of interest to those following Foreign Corrupt Practices Act enforcement: The Department of Justice has published its first FCPA advisory opinion of 2014. The FCPA opinion procedures allow issuers and domestic concerns to get the Attorney General’s opinion on whether certain conduct is in line with the Justice […]

The Organization for Economic Co-operation and Development recently completed its reviews of the implementation and enforcement efforts in Chile and South Africa of the OECD’s Anti-Bribery Convention. The reports cited concerns that neither country is doing enough to eradicate the bribery of foreign public officials involving international business transactions. A summary discussion of the findings […]

Cisco Systems announced last month in a Form 10-Q filing with the Securities and Exchange Commission that it has launched an internal investigation into potential violations of the Foreign Corrupt Practices Act. Cisco said in the filing, dated Feb. 20, that it launched an investigation at the request of the SEC and Justice Department into […]

There is no shortage of studies highlighting the most corrupt places in the world to do business. Typically, though, most U.S. companies have little to no presence in the countries with the poorest marks—places like Somalia, North Korea, and Turkmenistan.    Even just focusing on Europe, the trouble spots tend to be in countries where […]

Aerospace and defense company Rolls-Royce announced this week that the U.S. Department of Justice has joined the U.K. Serious Fraud Office in an ongoing formal criminal investigation relating to allegations of foreign bribery and corruption. As Compliance Week previously reported, Rolls-Royce informed the SFO in December 2012 that it had discovered “matters of concern” in […]

Compliance officers are not doing a good job at managing cyber-security risks and plenty of gaps remain in anti-corruption compliance programs, says a recent survey conducted by Compliance Week and Kroll Advisory Solutions. Released last month at Compliance Week 2014 in Washington, D.C., the report examined the role of compliance executives in addressing bribery and […]