Editor’s Note: Compliance Week is pleased to introduce our newest columnist, Thomas Fox, a lawyer who specializes in Foreign Corrupt Practices Act compliance and a former general counsel. He will give his perspective on timely and significant FCPA issues that arise in the anti-corruption world. One of the significant developments in Foreign Corrupt Practices Act […]
Anti-Bribery
Posted inAnti-Bribery
Huge Fines, Record Whistleblowers Mark 2013 FCA Enforcement
The Department of Justice completed an active year for False Claims Act enforcement in 2013, thanks to a record number of whistleblower claims and civil fraud recoveries. With a backlog of cases already building, don’t expect any let-up this year. The FCA, one of the government’s most powerful weapons against fraud, prohibits companies from overcharging […]
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Nardello & Co. Expands Global Investigation Practice
Nardello & Co, an international investigation firm, is extending its global reach with senior-level hires in Washington D.C., Hong Kong and Dubai, where its opening a new office. Joining Nardello & Co. as managing director of the firm’s Washington, D.C. office is Ryan Sparacino, who previously was a member of the litigation and white-collar practices […]
Posted inAnti-Bribery
TRACE Opens New Southeast Asia Office in Manila
TRACE, a global provider of anti-bribery and third-party compliance solutions, has opened a new Southeast Asia office in Manila to meet the increasing demand for locally delivered anti-bribery compliance services from TRACE members and clients with operations in Asia. Along with the opening of the Manila office, TRACE and the Makati Business Club have announced […]
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FCPA Prosecutor Charles Duross to Join Morrison & Foerster
Charles Duross, former deputy chief of the Foreign Corrupt Practices Act Unit for the Department of Justice, will join the litigation department of law firm Morrison & Foerster as a partner. He also will head its global anti-corruption practice, effective Feb. 17. As the head of the Justice Department’s FCPA Unit for almost four years, […]
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Rash of Recent Settlements Indicate FCPA Enforcement Trends
The Department of Justice and the Securities and Exchange Commission have settled a raft of Foreign Corrupt Practices Act cases in recent months, including agreements with Alcoa, Archer Daniels Midland, Diebold, and Weatherford International. The cases point to some important trends in FCPA enforcement: expanded cross-border cooperation and prosecutions, the emergence of the hybrid corporate […]
Posted inAnti-Bribery
China Ups Scrutiny of Healthcare Industry, Expands Blacklist
Chinese regulators are ratcheting up their scrutiny of corruption at drug and medical device makers and their agents that do business in the country and putting some companies on a blacklist that limits or bars them from selling products in the country. China’s National Health and Family Planning Commission (NHFPC), the agency responsible for improving […]
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Microsoft Partners Must Now Provide Anti-Corruption Training
Microsoft announced that, as of this month, all of its partners worldwide will be required to provide anti-corruption training to all their employees who resell, distribute, or market Microsoft products or services. “Microsoft holds itself to high standards for legal compliance and ethical business practices and expects its partners to do the same,” the company […]
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Alcoa to Pay $384M for FCPA Violations
Aluminum producer Alcoa today agreed to pay a total of $384 million to the Securities and Exchange Commission and the Department of Justice to settle civil and criminal charges over violations of the Foreign Corrupt Practices Act. On Jan. 9, Alcoa World Alumina pleaded guilty in the Western District of Pennsylvania and agreed to pay […]
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Harnessing Big Data to Find Fraud? First, Find the Data
Big data analytics holds big promise when it comes to helping companies identify fraud, even before a compliance failure unfolds. There is, however, a daunting impediment to getting started: knowing what data to gather and analyze from the heaps of information that most companies generate. Using analytics to ferret out potential fraud is, of course, […]
