All FCPA articles – Page 22

  • Blog

    The FCPA and the fight against terrorism

    2016-10-04T10:15:00Z

    Tom Fox looks at the U.S. government’s linking of corruption and terrorism and its intention to use the FCPA as incentive to enact and enforce strong international and domestic anti-corruption and anti-bribery laws.

  • Article

    Compliance measures save Harris from FCPA prosecution

    2016-10-04T09:30:00Z

    Jaclyn Jaeger explains how when Harris Corp. learned of internal FCPA violations, its reaction would provide a case study for compliance officers everywhere.

  • Blog

    Misonix discloses FCPA investigation

    2016-09-30T11:00:00Z

    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.

  • Blog

    Och-Ziff to pay $412M for FCPA violations

    2016-09-30T10:15:00Z

    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.

  • Blog

    Weatherford to pay $140M for accounting fraud

    2016-09-29T09:00:00Z

    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.

  • Blog

    Anheuser-Busch InBev settles FCPA case with SEC for $6M

    2016-09-28T13:45:00Z

    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.

  • Blog

    Harris declinations: A landmark FCPA case?

    2016-09-23T09:45:00Z

    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.

  • Blog

    Memo to Telia, Deutsche Bank: Do not negotiate with the DOJ in public

    2016-09-20T10:30:00Z

    While Telia Co. and Deutsche Bank are looking to publicly war with the Justice Department over upcoming penalties, they should be learning by Avon Product’s example, says Tom Fox—the firm initially suggested a $12M fine and ended up paying a cool $135M.

  • Blog

    Why pre-acquisition due diligence and post-acquisition remediation are so critical

    2016-09-19T12:15:00Z

    Tom Fox looks at a recent SEC settlemenf for and FCPA enforcement action against Jun Ping Zhang, which makes clear the need for robust pre-acquisition due diligence.

  • Blog

    Telia faces $1.4 billion fine for corruption in Uzbekistan

    2016-09-19T11:45:00Z

    U.S. and Dutch authorities have proposed a $1.4 billion settlement with Swedish telecom firm Telia to resolve corruption violations relating to its transactions in Uzbekistan, making it possibly one of the largest Foreign Corrupt Practices Act fines to date. Jaclyn Jaeger reports.

  • Blog

    Cisco Systems FCPA probe ends in declinations

    2016-09-14T10:15:00Z

    Networking giant Cisco Systems announced in its annual report that it will not face any enforcement actions in connection with a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act concerning its operations in Russia. Jaclyn Jaeger reports.

  • Article

    Compliance clauses can keep third parties in line, regulators at bay

    2016-09-13T13:15:00Z

    Even small companies have gone global and rely on a broad network of business partners. Those relationships, however, bring with them risks and potential regulatory hazards. Joe Mont discusses adding compliance and ethics clauses to contracts as a baseline for any third-party relationship.

  • Blog

    AstraZeneca settles FCPA case with SEC for $5.5M

    2016-09-02T10:00:00Z

    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.

  • Blog

    Internationalization of football and anti-corruption enforcement

    2016-09-02T02:00:00Z

    Tom Fox explores the recent bid by a Chinese state-controlled investment fund to purchase the Liverpool Football Club and how it will be impacted by the U.K. Bribery Act.

  • Blog

    Do the FCPA rules make sense?

    2016-08-29T15:30:00Z

    How many rules are too many? How complicated are the rules to follow? These are questions Tom Fox explores in the context of the Foreign Corrupt Practices Act. Fortunately, the answer, he says, is quite simple—do not pay bribes.

  • Blog

    Target and Walmart show that supply chain risk is everywhere

    2016-08-23T09:45:00Z

    The bigger the company, the bigger the supply chain risk. Just ask Target and Walmart, which recently had to confront this issue head-on over fake Egyptian cotton bedsheets. More from Tom Fox.

  • SpeakUpExec
    Blog

    Deutsche Telekom to study its ethics and compliance culture

    2016-08-18T14:30:00Z

    Deutsche Telekom is working to boost ethical behavior and foster a speak-up culture within the company to minimize compliance risks. Jaclyn Jaeger reports.

  • Blog

    In the FCPA World, your relationships matter

    2016-08-17T11:45:00Z

    Do you know the character of those you are in business with from an anti-corruption perspective? Tom Fox looks at the Och-Ziff corruption scandal and what happens if you bring corrupt third parties into a relationship with your company.

  • Blog

    Orthofix braces for SEC settlement in FCPA case

    2016-08-16T14:45:00Z

    Orthofix International has recorded a charge of $4.6 million in the second quarter of 2016 to resolve potential FCPA charges with respect to its subsidiary in Brazil. Jaclyn Jaeger has more.

  • Blog

    SEC: Key Energy to pay $5 million in FCPA case

    2016-08-16T14:00:00Z

    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.