Bloomberg reported this week that an informed but unidentified and unauthorized person, presumably not the director, had revealed that the Serious Fraud Office was preparing to ask the UK’s Treasury to supplement its annual budget of $37 million by more than 50 per cent in connection with its investigation of market-rigging and bribery allegations.… Continue Reading
Bloomberg/BNA has just published Anti-Corruption Law and Compliance: Guide to the FCPA and Beyond by Kevin Abikoff, John Wood and Michael Huneke.
They’re lawyers at longtime FCPA Blog-sponsor Hughes Hubbard. Abikoff chairs the firm’s anti-corruption and internal investigations practice group.… Continue Reading
BHP Billiton is in discussions to resolve an investigation of potential Foreign Corrupt Practices Act violations that relate to the company’s sponsorship of the 2008 Beijing Olympics.
The world’s largest miner said in its annual report Thursday, “The issues relate primarily to matters in connection with previously terminated exploration and development efforts, as well as hospitality provided as part of the company’s sponsorship of the 2008 Beijing Olympics.”… Continue Reading
After three decades in the field, I realized at the SCCE tenth annual conference that something new is taking shape. Let’s call it the second generation of compliance.
Compliance 1.0 was an off-shoot of in-house legal work done mostly by lawyers.… Continue Reading
The former chairman of Indonesia’s ruling party was jailed for eight years Wednesday for takingn up to $15 million in bribes to create a political slush fund.… Continue Reading
A campaign manager was arrested Thursday and accused of paying for votes in the November 2012 school board election in Donna, Texas.
Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division and U.S.… Continue Reading