SFO’s Green Pushes for U.S. Prosecutor Embed in London, But DOJ Not Jumping
The SFO head says a deal to share staff is in the final stages. But a resource-strained Justice Department hasn’t confirmed its commitment.
SEC to Seek More Admissions of Fault
The move marks a watershed change to the SEC’s decades-old policy of allowing companies and individuals to settle charges without admitting or denying liability.
Acting Criminal Division Chief to Corrupt Executives: Get Ready for Jail
Mythili Raman emphasized the importance of focusing on individuals in terms of determent while also highlighting a surge in international investigations and cooperation.
Unnamed ‘Co-Conspirator’ in BSGR Probe Said to Be Israeli Beny Steinmetz
The Israeli diamond magnate was identified as “CC-1″ in an FBI affidavit, a knowledgeable person said.
Video Interview: Ernst & Young LLP’s Brian Loughman on the Rise of Forensic Accounting
Increased government regulation – and an emphasis by corporate counsel on working proactively to head off risk – is driving the industry, says the Americas leader for Fraud Investigation & Dispute Services.
After Delay, Leon Gives Stamp to Tyco SEC Settlement
IBM is required to make periodic reports over the next two years to both the court and the SEC.
CLICK HERE for Additional Articles Available Only To Subscribers
UPDATED: Thursday, June 13 at 4:41 p.m. EDT.
Lawyers: Internal Auditors On the Rise in FCPA Cases
With the surge in FCPA prosecutions, companies are increasingly relying on internal audits to keep them up to code operationally — it’s no longer just about accounting, Gibson Dunn & Crutcher LLP attorneys said in a webinar today.
No China Bribery Uncovered, GlaxoSmithKline Says
Drug manufacturer GlaxoSmithKline said Thursday it has investigated an accusation that its salespeople in China bribed doctors and found no evidence of wrongdoing.
Direct Access Partners Miami Chief Arrested in Venezuela Foreign Bribery Case
The investigation arose from an SEC exam of Direct Access Partners by the New York Regional Office. Foreign bribery practitioners say securities exams are an important way for foreign bribery to come to light.
In Dodd-Frank Appeal, 5th Circuit Wrestles With Ambiguous Definition of Whistleblower
“You’re asking for a lot, aren’t you, for us to be the first court in America at the circuit level to hold this?” Circuit Court Judge Jennifer Elrod asked counsel for GE, which wants a ruling that employees must first report to the SEC to be protected as whistleblowers under Dodd-Frank.
Judge Questions SEC’s Interpretation of Disclosure for Extractive Industries
The American Petroleum Institute is suing the SEC to stop a regulation that would require extraction companies to disclose what they pay foreign governments for drilling and mining rights.
The Ralph Lauren Debate: Unusual Resolution Sparks Questions About Jurisdiction, Declinations
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.
HSBC Monitor Will be Ex-NY Ethics Chief Michael Cherkasky, Justice Department Says
The Justice Department has taken four months longer than expected to select the corporate monitor for the British bank, which settled money laundering and sanctions-related charges for $1.92 billion in December.
U.K. Considering Adding Facilitation Payments Exception to Bribery Act
Protests by businesses over “red tape” has led to the review, which could be announced next month, the Financial Times reports.
DOJ Wins Seizure of $700k Md. Property from Ex-Nigerian Gov
The government has now seized more than $1 million from Diepreye Solomon Peter Alamieyeseigha, the former governor of the oil-rich Bayelsa state in Nigeria.
Transfer to Canada Brings Early Release for Innospec Defendant
Non-U.S. defendants convicted of Foreign Corrupt Practices Act violations can negotiate transfers to prisons in their home jurisdictions, bringing benefits.
Total SA Settles Iranian Bribe Allegations for $398 Million
The settlement came after a decade of investigation and two years of negotiation with U.S. authorities. The French energy company will be subject to corporate monitorship by a French national.
In Sprint Takeover Battle, DISH Wields Old FCPA Case Against Rival SoftBank
DISH Network Corp. is using a 2009 Foreign Corrupt Practices Act case to fuel national security doubts about allowing Japan’s Softbank to take over Sprint Nextel.
FCPA Unit Chiefs Note Business Value of Compliance
Compliance can save companies grief by proactively stopping problems that are bad for business, DOJ’s Charles Duross and SEC’s Kara Brockmeyer say.
Morrison & Foerster Adds Anti-Corruption Muscle in Singapore
A Tokyo-based partner moves to the firm’s newly opened office to focus on anti-corruption and compliance.
Best FCPA Lawyers Global Practice Survey 2013
One hundred law firm partners, in-house counsel, and executives revealed candid insights about client service and enforcement trends in the Foreign Corrupt Practices Act arena.
Okada Says Wynn Has ‘Unclean Hands’ in FCPA-Linked Suit
The former director said he acted in good faith and did not harm Wynn.
Senate, House Bills Diverge on Need to Clarify U.S.-Mexico Oil Agreement
Disagreement on whether an oil-and-gas accord signed last year between the U.S. and Mexico will conflict with the new Dodd-Frank transparency rule for extractive industries.
Alcoa Agent’s Bribery Trial Moved to November
After a chain of events that British media is prohibited from reporting due to laws protecting defendants from pre-trial publicity, Victor Dahdaleh is now to stand trial in November in London.
Wal-Mart Discloses $73 million in FCPA-Related Costs for Q1
Spending on the internal bribery probe and related compliance issues was much higher in the first three months of 2013 than earlier anticipated.
Bribes Were ‘Corporate Policy’ at BizJet, Judge Says
The sentencing hearings for Neal M. Uhl and Peter R. DuBois were partially closed to the public last month as the government discussed their motions to lessen their Foreign Corrupt Practices Act sentences.
Bio-Rad Continues Probe of Possible FCPA Violations
The government’s look into possible FCPA investigations is also ongoing.
Self-Monitoring and Hybrids More Common As U.S. Credits FCPA Compliance
As companies put a greater emphasis on compliance, the imposition of an outside monitor has become less common.
Bourke Loses Bid for Re-hearing En Banc; Ordered to Prison
The judge recommended that the hand bag designer serve his sentence at FCI Englewood in Colorado, near his family.
News Corp Reports $42M in Quarterly Investigation Costs
News Corp.’s legal bills from the bribery and hacking investigations are down a third over the same period last year.
