All Justice Department articles – Page 3
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Blog
CW 2017 event reveals few have read Justice Dept. Evaluation Guidance
A small percentage of the audience at Compliance Week 2017 had read the Justice Department guidance on evaluations. What are they missing, and why the delay?
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Blog
ZTE accused of sending U.S. products to Iran
ZTE, a multinational telecommunications equipment and systems company, pleaded guilty to Justice Department charges it was illegally shipping U.S.-origin items to Iran.
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The hard truths of the SQM enforcement action
The FCPA shows just how far its authority can extend when it comes to companies that blatantly disregard U.S. anti-corruption law.
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On the evaluation of corporate compliance programs
Tom Fox looks at the Justice Department’s “Evaluation of Corporate Compliance Programs,” an 11-part list of questions that encapsulates the Justice Department’s most current thinking on what constitutes a best practices compliance program.
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Individual prosecutions as deterrence
Perhaps it’s not the penalties and fines, but rather the individual prosecutions that deter bad behavior. The Man From FCPA Tom Fox reports.
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Second VW exec arrested: those pesky e-mails
As the recent arrest of another VW executive (this time in the United States) unfolds, The Man From FCPA Tom Fox ponders whether VW will actively assist U.S. law enforcement authorities in performing a substantive internal investigation.
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Tell us everything you know
Getting credit for cooperating with the Department of Justice is getting a whole lot tougher. Tom Fox explores.
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Was the GlaxoSmithKline FCPA resolution a missed opportunity?
Tom Fox questions whether U.S. regulators missed a chance to illustrate how they would give credit for anti-corruption prosecutions done by other governments in the case of GlaxoSmithKline’s China subsidiary’s recent FCPA resolution.
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Potential VW criminal resolution—an early test for Yates Memo?
A look at potential VW criminal resolutions brings up several questions, says Tom Fox, around type of resolution; individual liability; and more. Will this test the DoJ’s Yates Memo?
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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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Blog
The Wolf of Wall Street comes to asset forfeiture
Plot twist! The Wolf of Wall Street, a movie about corruption on Wall Street, might have been funded by corrupt money. Suddenly, this is starting to sound more like Inception.
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Blog
FCPA enforcement ramps up in Q1 2016
If it looks like FCPA enforcement is at a low ebb, judging by the amount of activity we saw in 2015, don’t be fooled. The SEC is prosecuting FCPA cases with vigor, and if some of the current enforcement actions underway are any indicator, we will not see a significant ...
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Blog
Is FIFA entitled to restitution as a victim?
Image: It appears the Fédération Internationale de Football Association is trying to shed its corrupt image in favor of playing the victim. The international governing body of football has asked the Justice Department for its share of monies it obtains through forfeiture and penalties from individuals prosecuted around the FIFA ...
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Blog
VimpelCom and the conscious indifference of a board under the FCPA
Image: The joint Justice Dept., SEC settlement with telecom giant VimpelCom resolving a longstanding FCPA violation will cost the company more than $795 million, say reports. But there’s a bright side, says CW Columnist Tom Fox. The multiple bribery schemes seem to have been supported by top management and will ...
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Blog
21st Century Oncology to pay $34.7 million for False Claims Act violations
21st Century Oncology, a physician-led integrated cancer care provider, and its wholly owned subsidiary South Florida Radiation Oncology, will pay $34.7 million to settle allegations that they performed and billed for procedures that were not medically necessary. Since January 2009, the Justice Department has recovered a total of more than ...
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Blog
General Cable sets aside $28 million for bribery case
General Cable said last week in an earnings release that it has set aside an estimated charge of $28 million that it believes the Securities and Exchange Commission likely will disgorge from profits derived from sales tainted by improper payments made in several countries. As previously disclosed, General Cable said ...
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Blog
Wells Fargo to Pay $1.2 Billion for ‘Reckless’ Lending Practices
Wells Fargo & Company said this week in a securities filing that it would pay $1.2 billion to resolve certain civil claims relating to the company’s Federal Housing Administration lending activities. In a Form 8-K filing, Wells Fargo said it had reached an agreement in principle with the Justice Department, ...
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Article
FCPA Enforcement Trends to Watch in 2016
Image: A recalibrated focus by the government on individual culpability, expanding cross-border cooperation and prosecutions, and hordes of new whistleblower complaints are just a few upcoming enforcement trends that are expected to elicit some big compliance headaches in 2016. “The FCPA Unit, it seems to us, is working as hard ...
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Blog
Analogic Faces $15 Million FCPA Settlement
Analogic, an airport security and medical-imaging technology provider, said this week in a quarterly filing that the Securities and Exchange Commission and the Department of Justice have made separate settlement proposals to resolve a Foreign Corrupt Practices Act case totaling payments of approximately $15 million.
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Article
Working With External Compliance Monitors
Image: So your company has just entered into a settlement with a U.S. government agency and must now install a compliance monitor. How do you respond? For many companies, working with an external compliance monitor is still an intimidating process tainted by misconceptions. “A monitorship was never designed to ...