Medical isotope provider Nordion (Canada) Inc. and a former employee settled SEC charges Thursday of violating the Foreign Corrupt Practices Act by bribing Russian government officials. The former employee was also charged with taking kickbacks.… Continue Reading
The international sport community is going through a turbulent time that has nothing to do with the results of any club or national team.
Major corruption allegations and investigations in many sports including football, athletics, cricket and tennis have raised deep worldwide concerns and disappointment over sport governance, events organization, and integrity of competitions.… Continue Reading
Nortek Inc. said in its annual report Monday that FCPA spending in 2015 rose to $2.3 million for legal and other professional services connected to an investigation in China.
FCPA spending in 2014 was $800,000, the company said.… Continue Reading
The media’s coverage of trust is gaining momentum — but the headlines are still fuzzy. It’s not hard to find examples that talk about trust as an adjective, verb, and noun, but that all fail to frame or define for readers what the word “trust” really means.… Continue Reading
Most FCPA Blog readers know that the FCPA contains an affirmative defense under which companies may incur expenses, such as meals or travel costs, on behalf of foreign government officials, so long as those expenses are reasonable and bona fide, and directly related to either showing off the company’s wares or executing or performing under a foreign government contract. … Continue Reading
First-hand details of the global pay to play kickback scheme at Olympus were brought to the government’s attention by the company’s former corporate compliance officer.
John Slowik filed a federal lawsuit in New Jersey under the qui tam or whistleblower provisions of the False Claim Act and similar state laws.… Continue Reading
The 2nd Annual Veterans’ Legal Career Fair will be held on April 29-30, 2016 in Washington, D.C.
This event — the only one of its kind in the United States — provides a unique opportunity for legal employers to interview lawyers who are veterans or active-duty service members preparing for a transition out of the military.… Continue Reading
The Securities and Exchange Commission said Tuesday that Qualcomm Incorporated agreed to pay $7.5 million to settle charges that it violated the Foreign Corrupt Practices Act by hiring relatives of Chinese government officials.… Continue Reading
Olympus Corporation of the Americas said Tuesday it settled two separate U.S. investigations, including one involving Foreign Corrupt Practices Act offenses.
The company’s Latin America unit agreed to pay $22.8 million to resolve criminal allegations that it violated the FCPA.… Continue Reading
In the February 23 edition of the Harvard Business Review, two professors from the London Business School argue that “performance-based pay can actually have dangerous outcomes for companies that implement it.” … Continue Reading
Akamai Technologies, Inc. said in its annual report Monday the internal investigation it started a year ago into sales practices in a country outside the U.S. is ongoing and includes a review of FCPA compliance.… Continue Reading
The International Anti-Corruption Academy (IACA) in Austria is currently welcoming applications from anti-corruption and compliance professionals around the world for two of its flagship program.
The IACA is accepting applications until March 15 for its sixth annual Summer Academy, which will take place from July 1 to 8 at the IACA campus near Vienna.… Continue Reading