The former president of Costa Rica who took bribes from French telecoms company Alcatel was sentenced to five years in prison this week.
Robert Khuzami, the director of the SEC’s enforcement divisionThe date for the SEC to adopt final rules for the Whistleblower Incentives & Protection Program under Dodd-Frank is slipping.
By law, the final rules were supposed to be in place “no later than April 21, 2011 (9 months from enactment).”… Continue Reading
Lists are fun and can be helpful. Here are some about FCPA enforcement that might come in handy:
Let us know if there are other FCPA-related lists you’d like to see.… Continue Reading
Testimony from the Los Angeles criminal trial of Lindsey Manufacturing, its CEO, CFO, and Mexican agent has raised questions about what an FBI agent told the grand jury that indicted the defendants.… Continue Reading
A Swiss federal criminal court last week acquitted a private banker in Zurich of bribery and money laundering charges growing out of his relationship with French firm Alstom SA.
According to a report Thursday by Gabriella Broggi in BusinessWeek, Oskar Holenweger was charged with taking bribes of CHF1 million ($1.1 million) to open 163 anonymous bank accounts that Alstom used to bribe foreign officials.… Continue Reading
I’d like to elaborate on Jeff Kaplan’s post on March 31, which discussed the role of Compliance and Ethics Officers in enabling their companies to respect human rights.
As custodians of the values that animate the best and most sustainable business conduct, they may find parallels and support for their work in human rights due diligence, a robust human rights risk management process for business that has been developed under my UN mandate as Special Representative to the Secretary-General for Business and Human Rights.… Continue Reading
Some of bribery’s victims are well known. For those living under a kleptocratic regime, the electricity doesn’t work, the water is dirty, police only protect those with money and power and harass the others, hospitals are full unless you can pay “extra,” kids don’t get new schoolbooks, and so on.… Continue Reading
Judge Matz today issued his written ruling on the meaning of “foreign official” in the FCPA trial going on now in Los Angeles.
He said the state-owned utility CFE is an “instrumentality” of the Mexican government, as the word is used in the FCPA, and its officers who allegedly received bribes are therefore “foreign officials” under the law.… Continue Reading