UPDATED: Monday, Dec. 10
The probes are focusing on whether the firms hired relatives of well-connected foreign officials with the intent of winning business.
The move comes as U.S. authorities expand their investigation into whether banks’ hiring of politically connected Chinese employees may have breached U.S. foreign bribery laws.
Cole spoke at the American Conference Institute’s 30th annual conference on the Foreign Corrupt Practices Act at National Harbor, Md., outside of Washington, D.C.
Compliance officers are critical to protecting both a bank’s reputation and its bottom line. They’re essential when it comes to preventing criminal activity – and if that effort is not entirely successful, detecting and reporting such conduct.
Banks and corporations looking for compliance credit from prosecutors must have robust programs, Deputy Attorney General James Cole said today.
Transcript of the Sept. 19 panel discussion in Washington, D.C., featuring the Justice Department and Securities and Exchange Commission FCPA chiefs.
Peterson still faces a three-year term of supervision, which he has been permitted to serve in Singapore.
The non-prosecution agreements with the SEC and DOJ have been closely scrutinized by the FCPA bar for clues to where U.S. law enforcers are going.
U.S. authorities arrested an executive of a subsidiary of the French engineering giant at John F. Kennedy International Airport for his alleged involvement in a foreign bribery scheme in Indonesia.
Compliance policies should be living documents, says James Koukios.
The DOJ’s FCPA unit chief discusses rogue employees, FCPA guidance, why even anonymized declinations will continue to be rarely disclosed, and the busy year facing prosecutors.
The Justice Department’s Foreign Corrupt Practices Act unit chief spoke via telephone at the American Bar Association’s white collar crime conference in Las Vegas.
Three health care industry companies were among the biggest apparent beneficiaries of tax laws allowing deduction of disgorgement and pre-judgment interest, a Just Anti-Corruption analysis found.
A robust compliance program can keep a company out of big trouble.
Historically, enforcement of the Bank Secrecy Act has been lax, but recent developments suggest that will no longer be the case.
Securities and Exchange Commission FCPA unit chief Kara Brockmeyer, Principal Deputy Chief of the Justice Department Criminal Division Fraud Section Jeffrey Knox; and Fraud Section Deputy Chief Charles Duross discuss the new Foreign Corrupt Practices Act guidance.
The Justice Department Fraud Section deputy chief and the head of the Securities and Exchange Commission’s FCPA unit spoke at the American Conference Institute’s 28th National Conference on the Foreign Corrupt Practices Act on Nov. 15, 2012, outside Washington, D.C.
Former Attorney General Michael Mukasey, who has lobbied to amend the Foreign Corrupt Practices Act, mostly heaped praise on the Justice Department Friday for its new guidance to businesses seeking to comply with the foreign anti-bribery statute.
Assistant Attorney General Lanny Breuer spoke this morning outside Washington, D.C. on the Foreign Corrupt Practices Act.
FCPA unit heads of the Justice Department and Securities and Exchange Commission highlighted the benefits of self-disclosure and robust compliance.
On the eve of the presidential election, the Criminal Division chief called the Justice Department’s Foreign Corrupt Practices Act enforcement a “signature achievement.”
In a paper rolled out at Wednesday’s 13th Annual Legal Reform Summit at the U.S. Chamber of Commerce, prominent practitioners called for the Justice Department to give more public information about its decisions not to prosecute corporations for white collar crimes.
But rather than stress broad FCPA reform, the business lobby this year is focusing on the subsidiary issue of prosecution declinations, while also spotlighting hard-ball “exclusion” tactics used against companies in health care fraud enforcement.
Six months after averting prosecution for a rogue employee’s corruption in China, the financial services giant Morgan Stanley took a victory lap on Tuesday. It held a webinar to discuss the case joined by its law firm, Davis Polk & Wardwell LLP.
The reasons for the rarity of restitution in Foreign Corrupt Practices Act cases may lie in both the nature of the crime itself as well as in the statutes governing restitution.
The Foreign Corrupt Practices Act unit in the Justice Department’s criminal Fraud Section has seen substantial turnover and growth in the last two years. Just Anti-Corruption profiles the current team.
On Thursday, Peterson was sentenced to 9 months in prison and 3 years supervised release after pleading guilty to evading Morgan Stanley’s internal controls — a federal offense.
Prosecutors said he engineered a deal that transferred Morgan Stanley’s interest in a multi-million dollar Shanghai real estate development to a shell company secretly controlled by Peterson and [...]
"He certainly comes at the law from a prosecutor's perspective." -- William Yeomans on DOJ official Roy Austin, the leading candidate to head ICE.