The past year was particularly bad for Korean electronics giant Samsung, and it looks like 2017 has gotten off to the same rough start. Tom Foxlooks at the recent arrest of Lee Jae-yong, vice chairman of Samsung Electronics, on charges of bribery, embezzlement, and perjury.
With little fanfare, the Department of Justice last week published a list of sample topics and questions, entitled the “Evaluation of Corporate Compliance Programs.” Ethics and compliance officers will find the document useful as it provides a more explicit explanation as to what common questions the Fraud Section may ask in evaluating a corporate compliance program. Jaclyn Jaegerhas more.
A guilty verdict that sent the brother-in-law of the King of Spain to jail for fraud could signal that Spain is getting serious about corruption. Tom Foxsays it was the first time a member of the Spanish royal family had been forced to stand trial, a move widely applauded by the Spanish public.
In a very interesting development from the Odebrecht corruption scandal, federal prosecutors in Brazil and ten other countries recently announced they had agreed to cooperate in ongoing investigations surrounding the company, writes The Man From FCPA Tom Fox.
Tom Foxlooks 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.