CORRUPTION & COMPLIANCE

House Panel Probing Kyrgyz Deals, Possible FCPA Violations

By Christopher M. Matthews | July 22, 2022 1:21 pm

After the corruption-plagued Kyrgyz regime was violently forced from office earlier this year, a House Oversight subcommittee began a probe of corruption allegations involving fuel contracts at the major U.S. air base in Kyrgyzstan.

Oil Services Company Says Settlement in Bribery Probe ‘Probable’

By Joe Palazzolo | July 21, 2022 12:51 pm

In a recent Securities and Exchange Commission filing, Noble Corp. said the Justice Department and the SEC have concluded that the company violated the Foreign Corrupt Practices Act in its dealings in Nigeria.

Implementation of U.K. Bribery Act Delayed

By Christopher M. Matthews | July 21, 2022 11:06 am

U.K. officials had previously hoped the law would take effect before the end of 2010.

Exclusive: FCPA Pharma Probe Spans 3 Continents

By Christopher M. Matthews, Joe Palazzolo and Aruna Viswanatha | July 19, 2022 6:03 pm

In April, the Justice Department and the Securities and Exchange Commission sent letters to four top pharmaceutical companies. The probe is targeting operations in at least eight countries, including Saudi Arabia, Main Justice has learned.

Schumer Calls for FCPA Investigation of BP

By Christopher M. Matthews | July 19, 2022 12:57 pm

N.Y. Democratic Sen. Charles Schumer suggested BP may have violated the Foreign Corrupt Practices Act in its push to get the British government to sign a prisoner transfer agreement with Libya.

Appeals Court: No Judgment, No Asset Freeze

By Joe Palazzolo | July 16, 2022 5:09 pm

A three-judge panel on the U.S. Court of Appeals for the D.C. Circuit placed clear limits on the U.S. government’s ability to freeze assets under legal assistance treaties with foreign governments, ruling that a forfeiture judgment by a Brazilian court was required before the U.S. could seek a freeze order.

U.K. Bribery Reparations a Risky Business

By Christopher M. Matthews | July 15, 2022 11:20 am

Serious Fraud Office Director Richard Alderman has said that compensating the victims of corruption is a priority for the agency.

Settlement Near in Long-Running FCPA Investigation

By Jeremy Hibbert | July 14, 2022 7:28 pm

In a proposed agreement with the SEC, Tidewater Inc. would pay $11.4 million to settle allegations that it made corrupt payments to customs brokers in Nigeria and tax authorities in Azerbaijan.

U.S. Seeks Property Forfeiture from Taiwan’s Ex-President, First Lady

By Christopher M. Matthews | July 14, 2022 7:25 pm

The forfeiture filings are part of the U.S. government’s increasingly aggressive efforts to crack down on international corruption.

Former SEC Official Critical of Veraz FCPA Settlement

By Christopher M. Matthews | July 14, 2022 6:08 pm

A former Securities and Exchange Commission official criticized his old employer for its “remarkably ambiguous” settlement with telecommunications company Veraz Networks, Inc. for Foreign Corrupt Practices Act violations.

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