All FCPA articles – Page 23

  • 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.

  • Blog

    The SEC’s summer reading list is not for the faint of heart

    2016-08-16T10:45:00Z

    Robert Herz reviews the SEC’s recent accounting and enforcement releases, which reveal familiar patterns in corruption, as well as a commitment by the SEC to commence enforcement actions on any accounting and reporting violations it finds.

  • Blog

    An employee suicide and corporate culture

    2016-08-15T09:45:00Z

    The Man From FCPA Tom Fox examines the recent suicide of an executive with Abbot Laboratories in India and what happens when the numbers are more important than employees’ well-being.

  • Blog

    The FCPA as an economic tool

    2016-08-09T15:30:00Z

    The FCPA is rarely considered as an economoic tool. But as a means of fighting corruption, however, it also helps to improve market efficiency.

  • Article

    Amid corruption scandals, compliance booms in Brazil

    2016-08-09T12:45:00Z

    It might seem that corruption scandals are one of Brazil’s leading exports this year, but amid renewed government anti-bribery enforcement efforts, the country’s compliance sector is growing by leaps and bounds. Rodrigo Amaral has more.

  • Blog

    DoJ sends clear signal in the LATAM/LAN FCPA enforcement action

    2016-08-09T11:45:00Z

    A recent Foreign Corrupt Practices Act case found LATAM Airlines Group shouldering a heavy burden, paying out approximately $22.2 million in penalties. The significant costs, notes Tom Fox, seems to imply the Justice Department’s FCPA Pilot Program is working.

  • Blog

    Anti-corruption efforts slowly gain steam in Latin America

    2016-08-04T16:30:00Z

    A majority of executives in Latin America may think their country’s anti-corruption laws are ineffective, but a recent survey by  law firm Miller & Chevalier and 13 partner firms based in the region offers evidence of region-wide improvements in corporate compliance measures. Joe Mont has more study details.

  • Blog

    FCPA compliance and the social contract

    2016-08-04T08:45:00Z

    Tom Fox looks at how Foreign Corrupt Practices Act compliance promotes multiple corporate stakeholders.

  • Blog

    Why the U.S. must lead the global fight against corruption

    2016-08-03T11:30:00Z

    As recent enforcement actions in Malaysia and Latin America have shown, the U.S. government must remain the world’s leader in the worldwide fight against the global scourge of corruption. Tom Fox has more.