Anti-Bribery


Spinning globe

TI 2022 Corruption Perceptions Index shows ‘scant progress’

2023-02-03T17:10:00+00:00By

Around the world, countries attempting to address their corruption issues are not making much progress, while countries failing to address corruption are worsening the problem, according to Transparency International’s latest Corruption Perceptions Index.

processunity300x200

CPE Webcast: Best practices for ABAC compliance in 2023

2023-01-26T14:00:00+00:00Provided by

In today’s hyper-connected and media-driven world, corruption can be a serious challenge for organizations to manage.

Johnson & Johnson

J&J unit to pay $9.75M to settle kickback suit

2023-01-24T18:47:00+00:00By

A Johnson & Johnson medical device subsidiary admitted to providing thousands of dollars in equipment as kickbacks to an orthopedic surgeon as part of a $9.75 million settlement reached with the Department of Justice.

CW2022 Kenneth Polite 2

DOJ urges voluntary self-disclosure in corporate enforcement policy updates

2023-01-18T17:17:00+00:00By

The Department of Justice unveiled new incentives to encourage companies to voluntarily report violations of the Foreign Corrupt Practices Act, including steep discounts in monetary fines against businesses that self-disclose misconduct.

Bribe

U.S. bribery risk landscape in 2023: TRACE Matrix, Corruption Risk Forecast

2023-01-05T17:50:00+00:00By

Analyzing the results of two recent reports offers an understanding of the U.S. landscape around anti-bribery efforts entering 2023 and where elevated risks might lie.

Brasseur_opinion

Ten things I’d like to see happen in 2023 (2022 in review)

2023-01-03T14:00:00+00:00By

Expect big developments for the compliance profession in 2022 to continue to take center stage in the year ahead, including CCO certifications, climate-related disclosures, and more.

Safran

DOJ declines to prosecute Safran over alleged FCPA violations

2022-12-27T16:20:00+00:00By

The U.S. Department of Justice informed French aircraft equipment manufacturer Safran that the company would not face prosecution regarding alleged bribes paid by employees at two subsidiaries to a China-based consultant.

Honeywell

Honeywell to pay $203M over bribery claims in Brazil, Algeria

2022-12-19T20:58:00+00:00By

Honeywell International agreed to pay $202.7 million to settle charges it paid bribes to obtain contracts with government entities in Brazil and Algeria in violation of the Foreign Corrupt Practices Act.

Ericsson

DOJ, SEC extend Ericsson compliance monitorship one year

2022-12-15T14:55:00+00:00By

Swedish telecommunications company Ericsson agreed with U.S. authorities on a one-year extension of its independent compliance monitorship after a second breach of its obligations under a deferred prosecution agreement earlier this year.

ABB building

TPRM Summit: Experts discuss FCPA lessons learned from ABB settlement

2022-12-07T23:45:00+00:00By

A panel on regulatory trends at CW’s virtual TPRM and Oversight Summit discussed lessons for compliance departments seeking to learn how to guard themselves against bad actors within their own firms contained in ABB’s recent $327 million bribery settlement.

Glencore site

Glencore to pay $180M in DRC corruption case

2022-12-06T21:31:00+00:00By

Commodity trading and mining company Glencore agreed to pay $180 million to the government of the Democratic Republic of the Congo to settle claims arising from alleged corrupt practices that took place for more than a decade.

Compliance_Fails_2022 Main Art_index

Top ethics and compliance failures of 2022

2022-12-06T13:00:00+00:00By

Businesses not taking AML requirements seriously, years of noncompliant off-channel communications catching up to financial services titans, and a manufacturing firm that shared revenue with terrorists comprise CW’s list of the biggest ethics and compliance fails of 2022.

ABB

ABB avoids DOJ monitor, to pay $327M over South African bribes

2022-12-05T16:19:00+00:00By

ABB agreed to pay $327 million in penalties to settle coordinated charges it paid bribes to win South African energy contracts. The company entered into a three-year deferred prosecution agreement with the DOJ for violations of the Foreign Corrupt Practices Act.

DOJ

DOJ official hints at policy changes for off-channel communications, clawbacks

2022-12-02T21:00:00+00:00By

The Department of Justice is considering issuing new guidance regarding companies’ record-keeping obligations for employees’ use of personal cell phones to conduct corporate business, as well as executive compensation clawback policies.

Julius Baer

FCA fines Julius Baer subsidiary $21.5M for bribery scheme

2022-11-30T16:54:00+00:00By

Julius Baer International will pay more than £18 million (U.S. $21.5 million) to settle charges laid by the U.K. Financial Conduct Authority for paying bribes to generate business with a Russian oil company.

BP

Ex-BP trader’s failed whistleblower claim to raise U.K. reporting bar?

2022-11-21T17:50:00+00:00By

A U.K. employment tribunal’s ruling that a former BP employee was not entitled to whistleblower protection has shone a spotlight on the legal issues workers must consider ahead of speaking up.

Glencore HQ

Glencore Energy’s $324M fine for bribery comes with warning to others

2022-11-09T12:54:00+00:00By

Glencore Energy UK was ordered to pay nearly £281 million (U.S. $314 million) in fines and costs after an investigation by the U.K.’s Serious Fraud Office (SFO) found it paid $29 million in bribes to gain preferential access to oil in Africa to boost profits.

Ecuador flag

Insurance broker Gallagher latest target of DOJ Ecuador probe

2022-11-07T20:56:00+00:00By

Insurance broker Arthur J. Gallagher is under investigation by the Department of Justice related to its business in Ecuador.

Leidos_Web

Leidos Holdings under investigation for alleged FCPA violations

2022-11-03T17:02:00+00:00By

Leidos Holdings, a Virginia-based information technology, engineering, aerospace, and defense firm, disclosed it is under investigation by federal law enforcement for alleged violations of the Foreign Corrupt Practices Act.

DOJ wall

Carter Healthcare, former execs to pay $30M in DOJ settlements over false claims

2022-10-19T19:27:00+01:00By

Home healthcare provider Carter Healthcare and its former chief executive officer and chief operations officer agreed to pay more than $30 million total under two settlements alleging the parties engaged in kickbacks to doctors and filed false claims.

Lafarge

Lafarge to pay $778M for supporting terrorist groups ISIS, ANF in Syria

2022-10-18T20:52:00+01:00By

French multinational building products company Lafarge pleaded guilty to providing material support and resources to two U.S.-designated foreign terrorist groups in Syria, representing the Department of Justice’s first corporate material support for terrorism prosecution.

AT&T

AT&T to pay $23M to settle Illinois bribery probe

2022-10-17T18:10:00+01:00By

An Illinois-based subsidiary of AT&T will pay $23 million and revamp its ethics and compliance program following a criminal investigation into bribes the company paid attempting to influence the Illinois state legislature.

Jaeger_opinion

SEC order against recidivist Oracle skirts the issue

2022-10-13T13:46:00+01:00By

The most notable and relevant details in settlement agreements concerning regulatory compliance violations are often what is not stated. The SEC’s cease-and-desist order against Oracle over violations of the Foreign Corrupt Practices Act is no exception.

Bribery

Report: Global anti-bribery enforcement levels hit record low

2022-10-13T12:34:00+01:00By

Only the United States and Switzerland can be considered “active enforcers” in tackling foreign bribery, while countries like the United Kingdom and Israel have taken a step back, according to the latest report from Transparency International.

United States United Kingdom

U.S., U.K. improve anti-corruption coordination with data access agreement

2022-10-12T20:47:00+01:00By

A new agreement will allow law enforcement agencies in the United Kingdom and United States to gain better access to data held by tech and telecommunications firms from the other’s country as part of evidence gathering for complex white-collar crimes.

Biogen

Pharma, whistleblower lessons learned from $900M Biogen settlement

2022-10-11T15:45:00+01:00By

Experts discuss the ramifications of Biogen’s $900 million settlement for False Claims Act violations, including the $266.4 million whistleblower bounty in the case believed to be the largest single award under any government program.

Biogen

Biogen finalizes $900M settlement in false claims whistleblower suit

2022-09-27T19:04:00+01:00By

Biogen finalized a $900 million settlement concerning alleged kickbacks it paid to doctors to induce them to prescribe the company’s drugs and not those of its competitors.

Oracle

Oracle to pay $23M to settle FCPA violations in 3 countries

2022-09-27T18:06:00+01:00By

Oracle Corp. will pay more than $23 million to settle allegations laid by the Securities and Exchange Commission it violated the Foreign Corrupt Practices Act when its subsidiaries in India, Turkey, and the United Arab Emirates bribed foreign officials for business.

Philips

Philips to pay $1.3M in second kickback settlement in month

2022-09-26T20:19:00+01:00By

Philips RS North America agreed to pay approximately $1.3 million to settle charges it unlawfully paid kickbacks as part of its second resolution addressing alleged False Claims Act violations this month.

GOL_Web

Brazil airline Gol settles FCPA bribery charges for $41M

2022-09-16T19:29:00+01:00By

Brazilian airline Gol agreed to pay $41 million as part of reduced settlements addressing bribery investigations conducted by authorities in the United States and Brazil.

Bayer

Bayer to pay $40M to settle long-running false claims suits

2022-09-06T22:20:00+01:00By

Bayer agreed to pay $40 million to settle allegations its sales team paid kickbacks to hospitals and doctors for prescribing its drugs and that the pharmaceuticals company downplayed risks regarding certain of its offerings.

Philips

Philips subsidiary to pay $24M for kickback violations

2022-09-02T18:03:00+01:00By

Philips RS North America agreed to pay more than $24 million to settle allegations it paid kickbacks to medical equipment suppliers to push its products ahead of other brands that are provided to patients of federal health programs.

Alstom

Upheld ex-Alstom exec’s acquittal affirms ‘setback’ for FCPA’s reach

2022-09-01T15:04:00+01:00By

The latest development in the nearly decadelong Lawrence Hoskins court case has the potential to open the door for foreign nationals involved in aiding U.S. companies with foreign bribery schemes to escape liability under the Foreign Corrupt Practices Act, according to experts.

Essilor

Essilor agrees to $22M settlement over kickback charges

2022-08-24T19:06:00+01:00By

Essilor, a manufacturer and distributor of optical lenses and equipment, will pay $22 million to settle allegations it paid kickbacks to spur sales in violation of the False Claims Act.

Biogen

Biogen discloses $900M agreement in whistleblower kickback suit

2022-07-21T15:52:00+01:00By

Massachusetts-based biotechnology firm Biogen reached a $900 million agreement in principle to resolve a False Claims Act lawsuit brought by a whistleblower alleging the payment of unlawful kickbacks to physicians.

Herbalife

Former Herbalife exec fined $550K in FCPA case

2022-07-12T14:25:00+01:00By

Jerry Li, the former managing director of Herbalife’s China subsidiary, was ordered to pay approximately $550,000 to resolve charges brought by the SEC of violating the Foreign Corrupt Practices Act by bribing Chinese government officials over the course of a decade.

JLT UK

FCA fines JLT Specialty $9.7M for financial crime control lapses

2022-06-22T20:41:00+01:00By

The U.K. Financial Conduct Authority fined a unit of insurance broker Jardine Lloyd Thompson Group 7.9 million pounds (U.S. $9.7 million) for failing to control financial crime within its South and Central American subsidiaries.

Supply chain

Strain in your supply chain no excuse for compliance shortcuts

2022-06-16T11:23:00+01:00By

With the Russia-Ukraine war’s ever-expanding sanctions landscape, supply chain strain and risk of enforcement are sharply increasing. Speakers at a recent event hosted by Drexel University’s Kline School of Law offered best practices.

Cybersecurity offices

Survey: Cyber threats, remote work, financial pressures key ABC concerns for 2022

2022-06-15T19:06:00+01:00By

Compliance programs globally expect to shoulder more responsibilities in 2022, according to Kroll’s latest Anti-Bribery and Corruption Benchmarking Report.

Ericsson

SEC probing Ericsson over Iraq corruption scandal

2022-06-10T17:16:00+01:00By

The Securities and Exchange Commission opened an investigation into Ericsson following the Swedish telecommunications company’s acknowledgement of evidence of “corruption-related misconduct” that occurred in its Iraq operations.

Tenaris

Tenaris to pay $78M to settle FCPA charges over bribes in Brazil

2022-06-03T13:28:00+01:00By

Tenaris, a global manufacturer of steel pipe products, agreed to pay more than $78 million to the SEC to settle charges it violated the Foreign Corrupt Practices Act by paying more than $10 million in bribes to a Brazilian government official.

London dark

Law firm Dechert, SFO criticized in ENRC case ruling

2022-06-01T15:31:00+01:00By

A High Court judge found the U.K. Serious Fraud Office induced a lawyer from Dechert acting for Eurasian Natural Resources Corp. to provide it with privileged and unauthorized information.

Lafarge

Court rules Lafarge to face crimes against humanity charges

2022-05-31T11:51:00+01:00By

A French court ruled Lafarge should face charges of complicity in crimes against humanity after its subsidiary allegedly paid up to €13 million (U.S. $14 million) to armed groups—including the Islamic State—to keep its Syrian cement factory running between 2012-14.

Glencore HQ

Glencore fined $1B, placed under 3-year monitorship for FCPA violations

2022-05-24T21:47:00+01:00By

Glencore International AG, one of the world’s largest commodity traders, will be placed under a three-year compliance monitorship and pay more than $1 billion to resolve multiple investigations into alleged bribes paid in several countries over more than a decade.

KPMG UK

KPMG fined $4.3M for undocumented red flags in Rolls-Royce corruption case

2022-05-24T19:06:00+01:00By

The U.K. Financial Reporting Council announced a reduced penalty of approximately £3.4 million (U.S. $4.3 million) against KPMG for failures in its 2010 audit of car maker Rolls-Royce.

Olympus

Lessons learned from Olympus compliance monitorship

2022-05-24T11:39:00+01:00By

Christine Gordon, chief compliance officer at Olympus Corporation of the Americas, spoke about her company’s experience working with a DOJ-selected independent monitor at Compliance Week’s National Conference.

CW2022 Kenneth Polite

DOJ’s Kenneth Polite to CCOs: Tell me your compliance success stories

2022-05-17T22:56:00+01:00By

Kenneth Polite Jr., head of the Department of Justice’s Criminal Division and a former chief compliance officer, delivered a dynamic keynote address emphasizing the importance of empowering compliance to avoiding prosecution at Day 2 of Compliance Week’s National Conference.

Stericycle

Stericycle to pay $84M to resolve FCPA violations

2022-04-20T18:50:00+01:00By

Medical waste disposal company Stericycle has agreed to pay $84 million in civil and criminal penalties to resolve allegations it paid bribes to win government contracts in Brazil, Mexico, and Argentina.

Russia_United States

FinCEN advisory highlights Russian kleptocracy concerns

2022-04-16T11:17:00+01:00By

The Financial Crimes Enforcement Network issued an advisory offering red flag indicators of kleptocracy and foreign corruption, noting Russia as a country of “particular concern.”

Goldman Sachs Tower

Ex-Goldman banker convicted of FCPA violations in 1MDB case

2022-04-08T20:34:00+01:00By

Roger Ng, one of the central figures of the Goldman Sachs 1MDB scandal, was found guilty by a federal jury of conspiring to violate the Foreign Corrupt Practices Act and commit money laundering.