All FCPA articles – Page 23
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BlogDeutsche Telekom to study its ethics and compliance culture
Deutsche Telekom is working to boost ethical behavior and foster a speak-up culture within the company to minimize compliance risks. Jaclyn Jaeger reports.
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Blog
In the FCPA World, your relationships matter
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.
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Blog
Orthofix braces for SEC settlement in FCPA case
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.
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Blog
SEC: Key Energy to pay $5 million in FCPA case
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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The SEC’s summer reading list is not for the faint of heart
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.
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Blog
An employee suicide and corporate culture
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.
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Blog
The FCPA as an economic tool
The FCPA is rarely considered as an economoic tool. But as a means of fighting corruption, however, it also helps to improve market efficiency.
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Article
Amid corruption scandals, compliance booms in Brazil
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.
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Blog
DoJ sends clear signal in the LATAM/LAN FCPA enforcement action
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.
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Anti-corruption efforts slowly gain steam in Latin America
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.
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FCPA compliance and the social contract
Tom Fox looks at how Foreign Corrupt Practices Act compliance promotes multiple corporate stakeholders.
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Why the U.S. must lead the global fight against corruption
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.
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LATAM Airlines resolves FCPA case for $22 million
LAN Airlines (now known as LATAM Airlines Group), a commercial airline company based in South America, has agreed to pay more than $22 million to settle parallel civil and criminal cases related to improper payments it authorized during a dispute between the airline and its union employees in Argentina. Jaclyn ...
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Grapevine: Who’s coming and going in compliance
Just five months after reaching a $795 million settlement with U.S. and Dutch prosecutors for paying bribes to a government official in Uzbekistan, Amsterdam-based VimpelCom has appointed a group chief compliance officer, as well as a “chief values and culture transformation officer,” a newly created role; and Dean Foods and ...
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The new FCPA enforcement circle is now complete
A trio of recent Foreign Corrupt Practices Act enforcement actions shows just how much companies can spare themselves undue pain if they self-report violations early and without holding back. Tom Fox has more.
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DoJ to everybody on FCPA prosecutions: We can make this all go away, you know
Just how serious is the Justice Dept. about making life easier if you comply fully with its FCPA violation investigations? Johnson Controls Inc. was caught dead to rights on egregious fraud—but, by cooperating with the DoJ, it managed to secure a declination to prosecute. Tom Fox reports.
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Blog
Johnson Controls to pay $14.4 million to SEC in FCPA case
Johnson Controls has entered into a $14.4 million settlement with the SEC to resolve violations of the books and records and internal controls provisions of the FCPA with respect to its China Marine operations. JCI’s quick response, however, resulted in a declination with the Justice Department.
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Blog
FCPA issues arise at Goldman trial in London
There is nothing quite like a trial to bring all kinds of information to light that various parties would rather keep out of view. Goldman Sachs is now learning that the hard way in a suit regarding Libya’s sovereign wealth fund that has some serious FCPA implications. Tom Fox reports.
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Blog
Quid pro quo and FCPA enforcement
The Supreme Court’s reversal of the public corruption conviction of former VA Governor McDonnell should not have any effect on FCPA enforcement going forward. Tom Fox has more.
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Analogic resolves FCPA case for $15 million
Analogic, a medical-imaging technology provider, and BK Medical ApS, Analogic’s wholly-owned Danish subsidiary, have reached separate settlements with the Securities and Exchange Commission and the Department of Justice to resolve a Foreign Corrupt Practices Act case totaling payments of nearly $15 million. Jaclyn Jaeger reports.