Anti-Bribery


Oil barrels

Ex-Glencore oil trader pleads guilty for role in bribery scheme

2021-07-28T20:58:00+01:00By

A former oil trader for a subsidiary of Glencore entered a guilty plea for his role in bribing government officials in Nigeria in exchange for the award of oil cargoes and more favorable delivery terms.

FirstEnergy

FirstEnergy to pay $230M in Ohio corruption settlement

2021-07-23T17:09:00+01:00By

FirstEnergy Corp. agreed to pay a $230 million criminal penalty as part of a settlement with the U.S. Attorney’s Office for the Southern District of Ohio surrounding the state’s nuclear bailout federal corruption scandal.

SFO

SFO secures DPAs worth $3.4M with two unnamed companies

2021-07-20T17:18:00+01:00By

The Serious Fraud Office announced deferred prosecution agreements worth £2.5 million (U.S. $3.4 million) with two unidentified U.K.-based companies for bribery offenses.

U.K. bribery

10 years of U.K. Bribery Act: Compliance enough to define law’s success?

2021-07-14T15:15:00+01:00By

The U.K. Bribery Act marked its 10th anniversary this month, but views are mixed about how the legislation and its enforcement have fared in the decade since it came into force.

RisksAhead

Survey: Emerging TPRM trends in anti-corruption

2021-07-07T20:12:00+01:00By

Kroll’s newest anti-corruption benchmarking report highlights current TPRM trends such as evolving challenges with enhanced due diligence, the rise of automation, the growing incorporation of ESG matters into compliance programs today, and more.

Charles Duross

Charles Duross: Tips for managing third-party FCPA risks

2021-06-30T21:00:00+01:00By

Charles Duross, former deputy chief of the DOJ’s Fraud Section, shared tips on how companies can best manage third parties and employees who willfully try to circumvent internal controls during his keynote speech at CW’s virtual TPRM conference.

John Wood Group

Compliance lessons from Wood Group’s $177M global bribery settlement

2021-06-28T17:37:00+01:00By

John Wood Group reached a $177 million settlement with authorities in the United States, the United Kingdom, and Brazil, concluding legacy bribery and corruption investigations into Amec Foster Wheeler companies.

GoldmanSachs

Ex-Goldman Sachs exec Asante Berko settles FCPA case

2021-06-24T20:54:00+01:00By

The SEC obtained final judgment against a former Goldman Sachs executive charged with violating the FCPA by orchestrating a bribery scheme to help a client win a power plant contract in the Republic of Ghana.

Avianca

SEC drops FCPA probe into Avianca

2021-06-04T17:39:00+01:00By

Avianca Holdings disclosed in a regulatory filing that the SEC has dropped its FCPA investigation into the company and will not recommend an enforcement action.

Bulgaria

OFAC bills Bulgarian sanctions as ‘single largest action targeting corruption’

2021-06-03T18:15:00+01:00By

Calling it the “single largest action targeting corruption to date,” the Office of Foreign Assets Control sanctioned three prominent Bulgarian individuals along with their network of 64 companies for their “extensive roles” in corruption in Bulgaria.

Apple

Calif. judge dismisses bribery charge against Apple security chief (and former CCO)

2021-06-02T17:36:00+01:00By

A bribery charge against Apple’s chief security officer was dropped by a California Superior Court judge, citing a lack of evidence.

Odebrecht site

Austrian banker arrested for role in Odebrecht-related scheme

2021-05-26T19:32:00+01:00By

The former CEO of an Austrian bank was arrested in the United Kingdom on criminal charges for his alleged role in a massive money laundering scheme involving Brazil-based global construction conglomerate Odebrecht.

Ericsson

Ericsson to pay Nokia $97M to settle FCPA-related damages claim

2021-05-13T17:29:00+01:00By

Swedish telecom giant Ericsson has reached a settlement of €80 million (U.S. $97 million) with Nokia relating to events that were the subject of a 2019 FCPA resolution with U.S. authorities.

Bombardier sign

DOJ joins SFO in corruption probe of Bombardier

2021-05-10T17:51:00+01:00By

The U.S. Department of Justice has joined the U.K. Serious Fraud Office in an ongoing investigation into plane maker Bombardier over suspected bribery and corruption relating to contracts and orders from airline carrier Garuda Indonesia.

Pactiv Evergreen

DOJ closes FCPA investigation into Pactiv Evergreen

2021-05-10T15:57:00+01:00By

Pactiv Evergreen said it will not face an enforcement action by the Department of Justice, following an internal investigation launched last year into potential violations of the Foreign Corrupt Practices Act.

DOJSeal

DOJ FCPA head Christopher Cestaro to depart for WilmerHale

2021-04-30T17:08:00+01:00By

Christopher Cestaro, chief of the Justice Department’s FCPA Unit, is set to depart the agency for a partner position with law firm WilmerHale.

Airbus building

Airbus subsidiary GPT pleads guilty to corrupt acts in Saudi Arabia

2021-04-28T19:47:00+01:00By

Airbus subsidiary GPT Special Project Management will pay approximately £30.3 million (U.S. $42.1 million) after pleading guilty to corruption relating to contracts it was awarded for work carried out in Saudi Arabia.

Braskem

Ex-Braskem CEO pleads guilty for role in bribery scheme

2021-04-16T15:44:00+01:00By

The former CEO of Brazilian petrochemical giant Braskem pleaded guilty for his role in a scheme to divert hundreds of millions of dollars in bribe payments from the company to government officials and political parties in Brazil.

Michaela Ahlberg

Michaela Ahlberg: Building a compliance program amid an FCPA probe

2021-04-06T15:49:00+01:00By

Michaela Ahlberg created a compliance program from scratch when she was hired by Swedish telecom Telia following allegations of corruption in its foreign business dealings. She shared what she learned with the audience at CW’s Financial Crimes virtual event.

Daniel Kahn

DOJ’s Daniel Kahn talks FCPA, evaluation of compliance, more

2021-03-30T18:57:00+01:00By

Daniel Kahn, acting chief of the Department of Justice’s Fraud Section, discussed the Foreign Corrupt Practices Act, evaluating companies’ investments in compliance, and more at Compliance Week’s Financial Crimes virtual event.

FirstEnergy

Corruption-embroiled FirstEnergy names chief ethics and compliance officer

2021-03-22T19:30:00+00:00By

FirstEnergy named Antonio Fernández vice president and chief ethics and compliance officer, effective April 12. His appointment comes amid U.S. government scrutiny over a corruption scandal.

Toyota

Toyota discloses ‘possible anti-bribery violations’ to U.S. authorities

2021-03-19T15:38:00+00:00By

Toyota said in a regulatory filing it has “reported possible anti-bribery violations related to a Thai subsidiary” to U.S. enforcement agencies.

Magnifying glass

SFO closes bribery investigation into KBR’s U.K. subsidiaries

2021-03-18T17:17:00+00:00By

The Serious Fraud Office announced it closed its bribery and corruption investigation into the activities of KBR’s British subsidiaries and employees, weeks after the U.K. Supreme Court unanimously ruled the agency breached its authority in the case.

Shell

Italian court acquits Eni, Shell of corruption charges

2021-03-18T16:50:00+00:00By

An Italian court acquitted oil companies Royal Dutch Shell and Eni and a group of current and former executives of corruption charges surrounding a widespread bribery scheme to acquire oil exploration rights in Nigeria.

SEC

Och-Ziff ex-CFO fined $35K for role in bribery case

2021-03-17T19:36:00+00:00By

The former chief financial officer at then-Och-Ziff Capital Management Group has agreed to pay $35,000 in a settlement with the SEC for his role in the firm’s notorious bribery scheme.

Offshore engineering

John Wood Group earmarks $197M for global bribery settlement

2021-03-17T18:05:00+00:00By

Scotland-based multienergy services company John Wood Group is in “advanced stage” settlement talks with authorities in the United States, the United Kingdom, and Brazil regarding legacy bribery and corruption investigations.

US-UK-flagscrop

U.S., U.K. enforcement heads praise coordination in corruption cases

2021-03-16T18:18:00+00:00By

Daniel Kahn of the U.S. Department of Justice and Lisa Osofsky of the U.K. Serious Fraud Office discuss how enforcement agencies expect closer cooperation through 2021 in the global fight against bribery and corruption.

Braskem

Braskem self-reports probe into ‘improper payments’

2021-03-15T16:45:00+00:00By

Brazil-based petrochemical giant Braskem disclosed the launch of an internal investigation into allegations of “improper payments” related to an ethane supply project in Mexico.

Bribe

TRACE: U.S. bribery enforcement declined in 2020

2021-03-11T19:44:00+00:00By

Despite a banner year for resolutions under the Foreign Corrupt Practices Act in 2020, U.S. enforcement of the anti-bribery law dropped 29 percent when compared to 2019, according to the latest Global Enforcement Report by TRACE International.

Construction site

Samsung Heavy Industries settles Brazil bribery probe for $150M

2021-02-24T15:41:00+00:00By

Samsung Heavy Industries will pay 812 million reais (U.S. $149.9 million) in a leniency deal with Brazilian enforcement authorities for acts of corruption and money laundering related to “Operation Car Wash.”

DOJSeal

Athenahealth settles kickback case for $18.25M

2021-01-29T19:46:00+00:00By

The Department of Justice announced an $18.25 million settlement with electronic health records technology vendor athenahealth for allegedly paying unlawful kickbacks to generate sales.

Samsung

Samsung heir Jay Lee returns to prison for bribery scandal

2021-01-20T20:31:00+00:00By

Jay Lee, the heir and de facto leader of family-owned conglomerate Samsung, was sentenced to prison for 2 1/2 years in a retrial regarding his role in a bribery scandal involving the former president of South Korea.

Magnifying glass

SFO closes bribery probe into British American Tobacco

2021-01-15T15:41:00+00:00By

The U.K. Serious Fraud Office announced it has concluded without prosecution its investigation into British American Tobacco regarding whistleblower allegations of corruption in the conduct of business.

Deutsche Bank

Deutsche Bank to pay $130M to settle bribery, ‘spoofing’ charges

2021-01-08T23:42:00+00:00By

Deutsche Bank has agreed to pay more than $130 million to resolve charges that it paid bribes to third parties to secure business deals in Asia and the Middle East, in addition to a separate commodities fraud “spoofing” case.

CFTC

CFTC’s foray into FCPA enforcement creates new risk factors

2021-01-05T14:52:00+00:00By

The CFTC’s recent fine ladled onto a DOJ investigation into foreign corrupt practices by Swiss energy trader Vitol S.A. should force companies with any exposure in the commodities market to reexamine their risk profiles, experts say.

FCPA

Record year of FCPA enforcement a sign of more to come in 2021

2020-12-10T13:30:00+00:00By

Major bribery scandals, record enforcement actions, unprecedented cross-border coordination and prosecutions—all this amid a global pandemic made 2020 an unforgettable year for FCPA enforcement.

Oil barrels

Energy trader Vitol to pay $164M in FCPA case

2020-12-04T18:11:00+00:00By

The U.S. affiliate of global energy and commodity trading company Vitol will pay approximately $164 million to settle charges of bribery, corruption, and manipulative and deceptive conduct levied by multiple regulators, including historic involvement by the CFTC.

Shipping

SBM Offshore FCPA case ends, Swiss investigation begins

2020-12-01T16:06:00+00:00By

SBM Offshore confirmed it has reached the end of its three-year deferred prosecution agreement with the Department of Justice for FCPA violations, but the oil and gas services company is now facing a fresh corruption investigation from Swiss enforcement authorities.

Asia globe

Asia corruption report cites government issues, bribery prevalence

2020-11-30T19:32:00+00:00By

Transparency International’s latest look at corruption and bribery trends in Asia reveals issues at the highest ranks of government, particularly at the parliamentary and senate level.

Apple

Apple’s chief security officer (and former CCO) accused of bribery

2020-11-24T17:49:00+00:00By

Apple Chief Security Officer Thomas Moyer, who served as the company’s chief compliance officer for nearly a decade, is facing accusations that he offered bribes in the form of iPads to California state officials in exchange for concealed firearms licenses.

Odebrecht site

Four years later, Odebrecht’s external monitorship ends

2020-11-24T16:57:00+00:00By

Odebrecht has reached the end of its compliance monitorship, four years after pleading guilty and resolving charges with authorities in the United States, Brazil, and Switzerland for violations of the Foreign Corrupt Practices Act.

world-map

2020 TRACE Bribery Matrix: U.S. falls from top 20; China on the rise

2020-11-19T21:24:00+00:00By

TRACE International’s 2020 Bribery Risk Matrix has the United States trending downward in multiple areas of business-related bribery risk.

OECD

OECD praises U.S. global anti-bribery enforcement efforts

2020-11-19T16:35:00+00:00By

In its 10-year check-in report, the Organisation for Economic Co-operation and Development lauded U.S. enforcement authorities for continuing to be at the forefront in the global fight against corruption and offered only minor suggestions for improvements.

Nuclear power

Embattled FirstEnergy parts with legal, ethics chiefs

2020-11-11T18:26:00+00:00By

Embroiled in the Ohio nuclear bailout federal corruption scandal, FirstEnergy Corp. continued to clean house with the firing of Chief Legal Officer Robert Reffner and General Counsel and Chief Ethics Officer Ebony Yeboah-Amankwah.

Jet plane

Bombardier cooperating with SFO corruption investigation

2020-11-06T15:43:00+00:00By

The U.K. Serious Fraud Office is investigating plane maker Bombardier over suspected bribery and corruption in relation to contracts and orders from Indonesian airline carrier Garuda Indonesia.

Aircraft maintenance

Airline Services Ltd to pay $3.9M, agrees to DPA in bribery case

2020-10-30T18:14:00+00:00By

The U.K.’s Serious Fraud Office has levied penalties worth nearly £3 million (U.S. $3.9 million) against defunct aircraft refurbishing company Airline Services Limited for violating the country’s anti-bribery laws.

covington300x200

CPE Webcast: Enforcement risks and compliance pitfalls for corporations

2020-10-29T14:00:00+00:00Provided by Covington

Three recent major enforcement actions related to alleged domestic bribery activity, including a $200 million deferred prosecution agreement with a major utility, may signal a renewed focus by the Department of Justice into corruption corporate interests at the state and local levels in the U.S.

Jim Beam

Bribes, falsified records cost Beam Suntory $19.6M in FCPA settlement

2020-10-28T18:43:00+00:00By

Alcoholic beverage maker Beam Suntory agreed to pay $19.6 million to resolve Foreign Corrupt Practices Act charges of improper payments by its Indian subsidiary.

GoldmanSachs

Compliance lessons from Goldman Sachs’ $2.9B 1MDB settlement

2020-10-23T15:05:00+01:00By

Jaclyn Jaeger explores compliance takeaways from Goldman Sachs’ $2.9 billion global bribery settlement for its role in the 1MDB scandal.

JBS

Brazilian meatpacker’s FCPA settlement details widespread corruption

2020-10-15T17:00:00+01:00By

Brazilian company JBS, the largest meat producer in the world, and its holding company agreed to pay nearly $300 million for systemic and widespread corruption in settlements with two U.S. enforcement agencies.