A former executive of PBSJ Corporation has settled Foreign Corrupt Practices Act civil charges, while his company entered into the SEC’s second-ever deferred prosecution agreement for an FCPA allegation.
Banks with branches in the UAE and Jordan also also must comply with the Motorola Credit Corp. discovery requests in long-running litigation to recoup damages from a 1990s-era fraud.
Choices made by the prosecution team provide powerful instruction on what the DOJ expects public companies to do to prevent and detect FCPA violations and, emphatically, what not to do regarding their obligations when it comes to books and records and accounting controls.
England’s Serious Fraud Office appeared increasingly desperate in December 2013 exchanges with the Akin Gump lawyer, whose testimony they needed to avoid an embarrassing dismissal of a major bribery prosecution.
The Department of Justice stressed the company’s lack of cooperation as a reason for the steep criminal penalty of $772 million, which did not include a discount.
Deputy Attorney General Jim Cole and Criminal Division chief Leslie Caldwell were among the officials holding a news conference to announce the Alstom Foreign Corrupt Practices Act settlement – much as an earlier generation of officials had done in 2008 to announce the Siemens resolution.
The Potomac, Md., resident was accused of accepting $5 million in kickbacks from power companies that won $2 billion in contracts with Egypt’s state-owned electricity company. His prosecution stemmed from a foreign bribery investigation of Alstom SA.
Improper Gifts Alone, Without Cash Bribes, Serve as Basis for SEC’s Latest FCPA Enforcement Action
Two former employees of FLIR Systems Inc. have agreed to pay fines for violating the Foreign Corrupt Practices Act after providing a “world tour” to Saudi Arabian officials.
The 230-page guide seeks to outline many of the increasing number of anti-corruption laws in countries around the world.
The Kleptocracy Initiative seeks to deliver on our responsibility to protect the integrity of the U.S. financial system and its institutions from the destructive influence of corruption proceeds and to deny kleptocrats safe haven to hide and enjoy their ill-gotten gains.
GSK is probing payments in numerous countries and facing a number of corruption investigations.
Sanofi is part of a list of pharma companies dealing with foreign corruption investigations.
The SFO has moved away from investigating whether there was any corruption involved in Barclays’ capital-raising from Qatari investors.
The Leighton Holdings matter highlights the confusion that inevitably results when a country’s anti-corruption law permits facilitation payments.
President Obama announces Loretta Lynch as nominee for Attorney General.