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FCPA Today: SFO settles overseas bribery case with second DPA

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The day’s relevant Anti-Bribery Enforcement and Compliance news and commentary are delivered in a morning newsletter.

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The Lead

 The UK Serious Fraud Office used their second deferred prosecution agreement to resolve foreign bribery offenses. The company, unnamed because of “ongoing related litigation,” will pay $8.48 million in the settlement. Its U.S. parent will pay more than $2 million of that amount.

 

The Big Picture

The Chinese Supreme People’s Court published a release clarifying ambiguities from the 2015 criminal law amendments regarding bribery and corruption, including monetary thresholds and bribe payment types.

When former Ukraine President and buddy to Vladimir Putin Viktor Yanukovych fled the country after he was ousted, he left with $100 billion in stolen money.

Speaking of Russia….

The Russian Public Chamber has proposed a nationwide polygraph program for civil servants, politicians, and civil activists to proactively weed out corruption. Under current Russian law, polygraph tests are strictly voluntary.

Hong Kong ICAC Commissioner Simon Peh Yun-lu says that he alone made the decision to remove Rebecca Li Bo-lan as acting Head of Operations, as talk of infighting at the anti-corruption agency continues to swell.Hong Kong ICAC Commissioner Simon Peh Yun-lu says that he alone made the decision to remove Rebecca Li Bo-lan as acting Head of Operations, as talk of infighting at the anti-corruption agency continues to swell.

The Israeli AG and State Attorney allegedly met to discuss an initial review of alleged money laundering by Prime Minister Benjamin Netanyahu.

 

The Blogs

The FCPA Blog dives into the sentencing of two former senior executives of Louis Berger International who orchestrated $3.9 million in bribes to foreign officials.

Compliance programs don’t exist in a vacuum, and companies need to look outside their own walls and see how their actions effect humanity, Alison Taylor and James Cohen explain.

Michael Volkov joins the MIS Training Institute for a podcast on the convergence of audit and compliance.

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