UPDATED: Monday, Sept. 22
A major new shift in tone as the Criminal Division’s Marshall L. Miller yokes leniency for corporations seeking to settle charges to their willingness to give up employees for prosecution.
In an interview with Main Justice, Knox discussed his “difficult” decision to leave the department after 11 years, while defending the lack of a compliance defense for corporations facing prosecution. UPDATED
It’s almost ridiculous that we consider it progress by merely forcing corporate wrongdoers to admit the truth.
Key meetings between mining companies Vale and Rio Tinto took place in Cleary Gottlieb’s New York offices, Rio Tinto’s revised RICO complaint says, among other new details.
The banks run two of the nation’s biggest dark, alternative trading systems.
Issa wants to take a look at Morgan Stanley, Citigroup files.
John Nowak prosecuted, among others, a Morgan Stanley executive who pleaded guilty to bribery in China.
Qualcomm, meanwhile, disclosed two years ago it had a potential FCPA problem regarding hiring of well connected Chinese employees.
Hiring practices by banks in China have been under scrutiny by the U.S. government for possibly violating the FCPA.
Lawmakers lament the Justice Department’s meek attempts to hold individuals responsible for corporate crimes.
JPMorgan Chase was the first bank to disclose a U.S. government investigation into its hiring practices in China that could violate anti-corruption laws.
Topics from the recent Georgetown Law panel: Why a “compliance defense” won’t fly; the need for “young prosecutors” to get more sophisticated about business, and mere incompetence won’t get a compliance officer prosecuted.
In this unusual Foreign Corrupt Practices Act prosecution, Asem Elgawhary – who headed a joint venture with Egypt’s state-owned electricity company — is accused not of giving the bribes, but taking them.
The charges suggest the FCPA unit continues to be willing to investigate crimes that do not violate the Foreign Corrupt Practices Act.
The Securities and Exchange Commission has asked several global investment banks for information about their hiring practices, according to four people familiar with the letters.
The Libyan Investment Authority lost nearly $1.3 billion with the Wall Street investment bank and has filed suit in London to recoup it.
Bistrong, who was the government’s informant in the Gabon sting trial, was released last month after being sentenced to an 18-month prison term in July 2012.
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.