The drug maker has also fallen under the gaze of a separate, industry-wide probe into potential FCPA violations in the pharmaceutical industry currently being conducted by the SEC and the Justice Department.
What will it mean for multinational companies who do business in China? It’s too soon to say.
The case of U.S. v. Carson is narrowed a little, but the question remains: “Who is an ‘official’?”
Organized crime allegedly holds sway over Macau’s gambling industry, which is a suspected money-laundering center for Chinese government officials.
CB Ricard Ellis previously said that it discovered possible violations of the FCPA by employees in China through an internal investigation that started at the beginning of 2010.
Las Vegas Sands disclosed it received a subpoena from the SEC, several months after a private lawsuit accusing the company of fostering conduct that may violate the Foreign Corrupt Practices Act.
The case of U.S. v. Carson raises a question: Do changing times bring a need for sharper definitions?
The discovery was the result of an almost-two year internal investigation into whether Talecris violated the Foreign Corrupt Practices Act.
The 2010 legal tab for the door-to-door beauty products company stood at $95 million.
A ruling in the case could challenge the government theory that employees of state-owned companies count as “foreign officials” under the U.S. foreign bribery law.
Beware of “variable interest entities” and overly “creative lawyers,” one investment advisor warns.
Old injuries may keep her from having to go behind bars for corruption, as her husband has done.
The U.S. Securities and Exchange Commission has sent subpoenas as well as informal letters to financial institutions exploring whether their relationships with sovereign wealth funds violated anti-bribery law, according to Palmina Fava, a partner in the litigation practice at Paul, Hastings, Janofsky & Walker LLP in New York.
In addition, the SEC has also sent more formal subpoenas to unidentified financial institutions in the matter. The probe is likely examining travel and entertainment expenses for officials of the state-owned foreign investment funds.
The San Diego-based electronics company’s tale underscores how unhappy the Department of Justice can be when its negotiating position is disclosed.
ERNST & YOUNG LLP's BRIAN LOUGHMAN ON TRENDS IN GLOBAL FORENSIC ACCOUNTING: Loughman, the Americas leader of Fraud Investigation & Dispute Services, discusses how increased government enforcement, awareness of corruption risk and an emphasis on proactive compliance assessments by corporations is driving double-digit growth in the New York-based practice he leads.
FCPA TRIAL FIRM OF THE YEAR: Finalists are announced in Main Justice's 2013 Best FCPA Lawyer Client Service Awards category, Trial Firm of the Year. The diamond award went to Eric Bruce and Matt Menchel of Kobre & Kim LLP for their defense of two FCPA sting trial defendants.