Anti-Bribery


Brasseur_opinion

Opinion

Ten things I’m excited for at CW National 2024

2024-02-22T13:00:00+00:00By

A new month and a new venue but a lot of the same you love about Compliance Week’s National Conference. CW Editor in Chief Kyle Brasseur shares what he’s looking forward to most at the 2024 edition of the annual event.

DOJ building

Premium

The path to DOJ cooperation credit: Analyzing recent FCPA cases

2024-02-20T14:55:00+00:00By

Recent enforcement actions offer guidance on what the Department of Justice considers to be an “imminent threat” of disclosure or government action, what it means by “prompt” disclosure, and how a company can earn credit for revealing all relevant facts.

Teamwork

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LRN survey: Compliance programs shifting focus from bribery, corruption

2024-02-16T22:35:00+00:00By

Many ethics and compliance programs have refocused their efforts away from bribery and corruption and onto data security and privacy, complex government regulations, artificial intelligence security, and other contemporary challenges, a survey from LRN found.

London dark

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New SFO director vows quicker cases, stumps for whistleblower payouts

2024-02-14T21:21:00+00:00By

“Under my leadership, the SFO will be bolder, more pragmatic, more proactive,” said Nick Ephgrave in his first public speech as head of the U.K. Serious Fraud Office.

Gallagher

News Brief

Insurance broker Gallagher off hook in DOJ FCPA probe

2024-02-12T14:45:00+00:00By

Arthur J. Gallagher disclosed the Department of Justice ended an investigation into the insurance broker’s business in Ecuador for potential violations of the Foreign Corrupt Practices Act.

Raytheon

News Brief

Raytheon parent discloses indications of improper payments in Middle East

2024-02-08T19:46:00+00:00By

RTX Corp., parent company of aerospace and defense giant Raytheon, disclosed an internal investigation launched into potential improper payments in connection with contracts in the Middle East found indications of misconduct.

FCPA-July

News Brief

Calavo Growers discloses potential FCPA issues

2024-02-01T15:57:00+00:00By

Multinational produce and agriculture company Calavo Growers disclosed in an annual filing an investigation into its Mexico operations found potential issues under the Foreign Corrupt Practices Act.

Philips

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FCPA violations in China: Lessons learned from 2023 cases

2024-01-25T18:01:00+00:00By

Enforcement actions regarding alleged violations of the Foreign Corrupt Practices Act at 3M, Albemarle, Clear Channel Outdoor, and Royal Philips each had China touchpoints. Experts assess third-party risk management lessons learned from each case.

Business data

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Lessons from Albemarle, ABB: How data-driven compliance can help your firm

2024-01-12T20:32:00+00:00By

Andrew McBride, chief risk officer of Albemarle Corp., and Tapan Debnath, head of integrity, regulatory affairs and data privacy at ABB, discussed how and why their respective organizations use data analytics to conduct business as part of a recent webcast.

DOJ building

News Brief

RDx Bioscience, CEO settle kickback case for $13M

2024-01-11T21:50:00+00:00By

New Jersey-based clinical laboratory RDx Bioscience and its chief executive officer agreed to pay more than $13 million to the Department of Justice to settle illegal kickback allegations.

Whistle - dark

News Brief

SDNY launches whistleblower pilot program

2024-01-11T16:39:00+00:00By

The U.S. Attorney’s Office for the Southern District of New York took its efforts to encourage voluntary self-disclosure a step further with the launch of a whistleblower pilot program for individuals involved in nonviolent offenses.

SAP

News Brief

SAP to pay $220M in FCPA settlements

2024-01-10T20:31:00+00:00By

German-based software company SAP agreed to pay more than $220 million as part of resolutions with authorities in the United States and South Africa regarding alleged violations of the Foreign Corrupt Practices Act.

Brasseur_opinion

Opinion

Ten things I’d like to see happen in 2024

2024-01-08T16:02:00+00:00By

Election years in the United States, United Kingdom, and at European Parliament, along with ongoing geopolitical tensions, make 2024 difficult to predict—aside from the expectation compliance officers will be busy.

DOJSeal

News Brief

Atlantic Home Health Care to pay $10M over energy program false claims

2024-01-08T12:28:00+00:00By

Atlantic Home Health Care LLC agreed to pay nearly $10 million as part of a settlement with the Department of Justice addressing the alleged submission of false claims to the Department of Labor’s Energy Employees Occupational Illness Compensation Program.

DOJ building

Premium

U.S. rule package seeks to expand DOJ anti-corruption powers

2023-12-19T19:14:00+00:00By

A package of seven legislative proposals put forward by the Biden administration would enhance the capabilities of the Department of Justice to bring money laundering and racketeering charges related to corruption, according to a senior agency official.

Brazil oil

News Brief

Freepoint Commodities to pay $99M in Brazil bribery FCPA case

2023-12-14T21:08:00+00:00By

Freepoint Commodities agreed to pay nearly $99 million to settle allegations by the Department of Justice that it paid bribes to Brazilian government officials in return for business from state-owned oil company Petrobras.

Discover Financial Services

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Five compliance triumphs from 2023

2023-12-13T15:00:00+00:00By

A financial services giant’s compliance mea culpa that could serve to benefit the rest of the profession, a chemical company’s praised FCPA settlement, and an example of the value of whistleblowers highlight CW’s annual list of laudable ethics and compliance moments.

Trafigura

News Brief

Trafigura to reserve $127M for DOJ settlement over Brazil bribes

2023-12-07T20:49:00+00:00By

Singapore-based commodity trading company Trafigura said it will disclose a $127 million provision related to the resolution of a Department of Justice investigation into alleged improper payments made in Brazil by former employees.

Albemarle web

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DOJ cooperation credit breakdowns: Albemarle, Tysers, H.W. Wood

2023-12-04T18:00:00+00:00By

Nicole Argentieri, acting head of the Department of Justice’s Criminal Division, breaks down where Albemarle, Tysers Insurance Brokers, and H.W. Wood went right—and wrong—on the cooperation credit and remediation fronts as part of their FCPA settlements with the agency.

DOJ building

News Brief

DOJ announces international anti-bribery initiative

2023-12-01T14:43:00+00:00By

The Department of Justice will increase its efforts to build relationships and foster collaboration with its global counterparts to thwart bribery and corruption under a new strategy.

Financial Investigation

Premium

One company’s voluntary self-disclosure, two companies’ FCPA settlements

2023-11-30T20:54:00+00:00By

Nicole Argentieri, acting head of the Department of Justice’s Criminal Division, explained how the actions of Jardine Lloyd Thompson Group Holdings coming forward helped bring about the agency’s recent FCPA enforcements against Tysers Insurance Brokers and H.W. Wood.

Ecuador street

News Brief

British reinsurers Tysers, H.W. Wood settle with DOJ over Ecuador bribes

2023-11-20T22:10:00+00:00By

Two U.K.-based reinsurance brokers, Tysers Insurance Brokers and H.W. Wood, reached separate settlements with the U.S. Department of Justice addressing their participation in a wide-ranging scheme to pay bribes to Ecuadorian government officials.

DOJ wall

News Brief

Lifecore Biomedical earns FCPA declination for voluntary self-disclosure

2023-11-17T18:11:00+00:00By

Pharmaceuticals company Lifecore Biomedical won’t face prosecution for apparent violations of the Foreign Corrupt Practices Act after satisfying multiple factors of the Department of Justice’s recently updated voluntary self-disclosure policy.

DOJ

News Brief

Nursing home chain, owner to pay $45.6M in kickbacks case

2023-11-16T19:53:00+00:00By

Prema Thekkek and the six skilled nursing homes she owned through her company, Paksn, agreed to pay $45.6 million in entering a consent judgment with the Department of Justice to resolve allegations employees paid kickbacks to doctors who brought patients to them.

DOJ building

News Brief

FCPA opinion tackles government-authorized payments

2023-11-08T16:54:00+00:00By

A new Foreign Corrupt Practices Act review by the Department of Justice offers an example of when stipends paid to foreign government personnel would not be considered a violation of the anti-bribery provisions of the law.

DOJ building

Premium

DOJ official: People ‘drawing the right conclusions’ on national security focus

2023-11-06T23:09:00+00:00By

Christian Nauvel, deputy chief counsel for corporate enforcement in the Department of Justice’s National Security Division, said the agency’s focus on national security is “top of mind at the highest levels” and that enforcement numbers are set to increase.

GE

News Brief

GE HealthCare discloses FCPA reviews into China activities

2023-11-01T16:06:00+00:00By

GE HealthCare said it is cooperating with reviews by the Department of Justice and Securities and Exchange Commission into potential violations of the Foreign Corrupt Practices Act in China.

DOJSeal

News Brief

DOJ removes ‘acting’ from FCPA Unit chief’s title

2023-10-26T19:08:00+01:00By

The Department of Justice is sticking with David Fuhr as permanent head of its Foreign Corrupt Practices Act Unit.

Brazil

News Brief

OECD group questions Brazil’s momentum on anti-bribery

2023-10-23T17:48:00+01:00By

Brazil has made strides in its anti-bribery enforcement efforts, but a working group at the Organization for Economic Cooperation and Development is concerned the country doesn’t have the controls in place to sustain its progress.

Brasseur_opinion

Opinion

Incentive policies suggest calm before storm at DOJ

2023-10-12T16:00:00+01:00By

All the carrots being offered by the Department of Justice in the past year—greater penalty reduction thresholds, relief related to compensation clawbacks, voluntary self-disclosure incentives—are part of a strategy to strengthen the enforcement stick when companies don’t cooperate.

DOJ

News Brief

Cardiac Imaging, CEO to pay $85M in DOJ false claims case

2023-10-11T19:34:00+01:00By

Cardiac Imaging and its chief executive agreed to pay a total of more than $85 million to settle charges levied by the Department of Justice addressing alleged violations of the False Claims Act regarding unlawful kickbacks.

DOJ wall

Premium

DOJ floats declinations as incentive under M&A self-disclosure safe harbor

2023-10-05T18:50:00+01:00By

The Department of Justice’s push to incentivize companies to voluntarily self-disclose potential misconduct reached its next stage in the form of a safe harbor policy regarding mergers and acquisitions.

morgan lewis300x200

Webcast

CPE Webcast: Global compliance trends: Discussing anti-bribery and corruption survey findings

2023-10-03T14:00:00+01:00Provided by Morgan Lewis

This webcast will break down the key findings of an anti-bribery and corruption survey report and offer additional insights into what global compliance professionals had to say about their ongoing and emerging concerns.

Exelon

News Brief

Exelon, ComEd fined $46M by SEC over bribery scandal

2023-09-29T18:41:00+01:00By

Exelon and its subsidiary Commonwealth Edison agreed to pay $46.2 million as part of a settlement with the Securities and Exchange Commission related to their Illinois bribery and lobbying scandal that previously earned ComEd a deferred prosecution agreement.

Albemarle

News Brief

Albemarle to pay $218M in FCPA settlements with DOJ, SEC

2023-09-29T15:11:00+01:00By

Chemical company Albemarle was assessed penalties totaling more than $218 million as part of settlements with the Department of Justice and Securities and Exchange Commission addressing alleged violations of the Foreign Corrupt Practices Act across a handful of foreign countries.

Billboard

News Brief

Clear Channel Outdoor to pay $26M in FCPA case over China bribes

2023-09-28T20:59:00+01:00By

Clear Channel Outdoor Holdings agreed to pay more than $26 million as part of a settlement with the Securities and Exchange Commission alleging its former China-based subsidiary bribed government officials to obtain outdoor advertising contracts.

Board table

Premium

DOJ official: Compliance must have ‘prominent seat’ at M&A decision table

2023-09-21T20:38:00+01:00By

The Department of Justice is gearing up to provide more guidance on voluntary self-disclosures in the mergers and acquisitions space and the role compliance should play.

Business meeting

Premium

Survey: Tech gaps, third parties pose biggest ABAC threats

2023-09-20T14:07:00+01:00By

A recent survey conducted by Compliance Week and Morgan Lewis determined areas of insufficient resource support to combat bribery and corruption, along with trends in third-party due diligence.

morgan lewis thumbnail

Resource

Survey Report: Tech gaps, third parties pose biggest ABAC threats

2023-09-19T20:46:00+01:00Provided by Morgan Lewis

Compliance professionals asked to assess their anti-bribery and corruption efforts indicated resource support deficiencies in areas including staffing and technology, according to a survey conducted by Compliance Week and Morgan Lewis.

DOJ building

News Brief

Dermatology manager to pay $8.9M in self-reported false claims case

2023-09-14T16:09:00+01:00By

Oliver Street Dermatology Management, doing business as U.S. Dermatology Partners, agreed to pay nearly $8.9 million to settle allegations by the Department of Justice regarding apparent violations of the False Claims Act.

DOJ

News Brief

FCPA opinion shines light on reasonable expenses for foreign officials

2023-09-01T18:37:00+01:00By

A Foreign Corrupt Practices Act review published by the Department of Justice offers further clarity around when the agency would determine expenses paid on behalf of a foreign official to be deemed “reasonable and bona fide.”

3M_Web

News Brief

SEC orders 3M to pay $6.6M over FCPA violations in China

2023-08-25T17:10:00+01:00By

The Securities and Exchange Commission ordered 3M to pay nearly $6.6 million for alleged violations of the Foreign Corrupt Practices Act regarding hidden travel perks its foreign subsidiary made to government officials in China.

Pfizer

News Brief

Lawsuit: Pfizer fired, retaliated against whistleblower who raised FCPA concerns

2023-08-25T12:53:00+01:00By

An ex-Pfizer compliance officer is suing his former employer claiming wrongful termination and whistleblower retaliation after discovering the company allegedly paid $168 million to potentially influential government officials in China.

Primates

News Brief

​Inotiv discloses FCPA probe into primate importation practices

2023-08-16T16:22:00+01:00By

Inotiv disclosed the Securities and Exchange Commission is investigating potential violations of the Foreign Corrupt Practices Act by the pharmaceutical testing company regarding its importation of nonhuman primates from Asia.

Colombia

News Brief

​Grupo Aval to pay $81M in landmark FCPA case

2023-08-11T14:52:00+01:00By

Colombian conglomerate Grupo Aval agreed to pay nearly $81 million as part of settlements addressing alleged bribes paid by its bank subsidiary Corficolombiana to win a highway construction contract.

Legal services

Premium

ABA resolution latest effort to separate lawyers from clients’ crimes

2023-08-11T13:30:00+01:00By

Under increasing pressure from federal lawmakers and regulators, the American Bar Association agreed to strengthen the obligations lawyers must meet when weighing whether to stop representing clients who might be using their services to commit financial crimes.

Albemarle

News Brief

Albemarle reserves $219M for FCPA settlements

2023-08-04T13:42:00+01:00By

Chemical company Albemarle Corp. disclosed it is set to pay $218.5 million as part of proposed settlements reached with the Department of Justice and Securities and Exchange Commission regarding apparent violations of the Foreign Corrupt Practices Act.

Investigations

Article

Financial crime investigations: Leveling up

2023-08-01T15:54:00+01:00By James Thomas, International Compliance Association

The drive toward upskilling in the field of investigations is not exclusive to the law enforcement and intelligence communities. Investigations knowledge and expertise among those working within industry will also become an increasingly valued commodity.

SFO

News Brief

SFO admits staffing challenges in annual report

2023-07-20T15:01:00+01:00By

Recruitment and retention are among the biggest issues facing the U.K. Serious Fraud Office as the agency gets set for a new director to take the reins.

DOJ

News Brief

​NextGen Healthcare to pay $31M in false claims case

2023-07-17T11:14:00+01:00By

Electronic health record technology vendor NextGen Healthcare agreed to pay $31 million as part of a settlement announced by the Department of Justice for allegedly misrepresenting the capabilities of its software.