Entering into new, international markets may be good for developing business, but it also carries certain risks. This is particularly true in many countries where doing business may include making gifts, paying gratuities and even bribes. The difficulties can be compounded if adequate preparations are not undertaken, including bolstering internal controls and ensuring that adequate FCPA compliance procedures. Firearms manufacturer Smith & Wesson Holdings Company, learned this lesson the hard way. In the Matter of Smith & Wesson Holdings Corporation, Adm. Proc. File No. 3-15906 (July 28, 2014).
The Massachusetts-based weapons manufacturer came under scrutiny in connection with the failed “Africa sting” prosecution of 22 arms brokers, but the SEC charged unrelated conduct in Pakistan, Indonesia and elsewhere.
GSK is facing corruption related investigations from a number countries over its business practices in China and Syria.
GSK is also facing international investigations of its business dealings in China.
The U.K. brought the charges against the embattled French engineering and power giant under its 1906 Prevention of Corruption Act.
GSK is facing a number of government investigations over alleged bribery in China.
William Pomponi was charged in a 12-count second superseding indictment last year alleging bribes paid to Indonesia officials.
An appeals court sided with the Chinese-owned company and questioned the fairness of the national security-related foreign investment review process.
Although former South Korean President Chun Doo-hwan left office 25 years ago, the country is still battling to recover assets believed to have been pilfered during his tenure.
Zhenli Ye Gon was arrested in Maryland in 2007 and is suspected in a massive money laundering scheme through Las Vegas casinos.
GSK is under investigation by Chinese authorities for alleged corruption.
Attorneys for the plaintiff in Liu v. Siemens have argued that Congress intended the Dodd-Frank whistleblower provisions to apply extraterritorially, but the Siemens team maintains there simply is no link to the US in the case, according to an audio recording of the argument was recently obtained from the court by Just Anti-Corruption.
Zhenli Ye Gon is set to be extradited to Mexico after being arrested in 2007 and a drug conspiracy charge against him was dismissed with prejudice in 2009.
The sex tape adds an unusual twist to the investigations into GSK for corruption in China.
Lawrence Hoskins and William Pomponi were charged in the same superseding indictment in July 2013
IS ERIC HOLDER RACE BAITING? CNN panel debates.
LOCAL UTAH OFFICIALS CRITICIZE DOJ'S INACTION ON CORRUPTION SCANDAL: The influence-buying allegations that led to the arrests of two former Utah Attorneys General touched Senate Majority Leader Harry Reid, a Democrat.
HAS FCPA GONE TOO FAR? WSJ MODERATOR ASKS."Why trivialize foreign corruption when no one would trivialize domestic corruption?" Criminal Division Fraud Section Chief Jeff Knox parried at a Wall Street Journal business conference in Washington, D.C.