A Gabon national was arrested Tuesday and charged with conspiracy to bribe officials in at least three African countries to help win mining rights for a joint venture involving U.S.… Continue Reading
We’ve talked about South Korea’s foreign bribery laws and we looked at specific compliance risks related to gift giving, rebates, and kickbacks. In this post we’ll look at enforcement actions in South Korea and what specific steps can reduce compliance risks there.… Continue Reading
Track and field was once the pre-eminent Summer Olympics event. I suspect most readers can name many more track and field stars from history — Jim Thorpe, Eric Liddell, Jesse Owens, Bruce (now Caitlyn) Jenner, Carl Lewis, Jackie Joyner Kersee, Florence Griffith-Joyner, and so on — than they could from any other event.… Continue Reading
Job Title: Compliance Director
Employer: DaVita Deutschland AG
Location: Hamburg, Germany
The Compliance Director in Germany will serve as a valued member of the company’s leadership team and will be responsible for ensuring the company’s compliance with DaVita’s Code of Conduct and applicable laws and regulations, as well as the creation and implementation of national and international anticorruption policies and procedures.A… Continue Reading
The DOJ’s Yates Memo is nearly a year old. The anti-corruption and compliance communities are still wondering what impact it will have on individual responsibility for white collar crimes. That in turn has brought more interest about past prison sentences for FCPA offenses and what future defendants might expect when sentenced.… Continue Reading
Key Energy Services, Inc. resolved an SEC enforcement action Friday by disgorging $5 million but not paying any other penalties.
The company’s Mexico unit had bribed an employee at state-owned Pemex for at least four years.… Continue Reading
David J. Marshall: SEC breaks new ground, bans employer-imposed waiver of right to whistleblower award
The Securities and Exchange Commission sent a strong message to employers nationwide last week when it issued a cease-and-desist order against a company that required departing employees, as a condition of receiving severance, to sign an agreement waiving their right to any award from the SEC Whistleblower Program for reporting securities law violations.… Continue Reading
Houston-based Key Energy Services, Inc. agreed to disgorge $5 million to settle Foreign Corrupt Practices Act offenses caused by bribes from its Mexican subsidiary to an employee at state-owned Pemex.
The SEC Friday charged Key Energy in an internal administrative order with violating the FCPA’s internal controls and books-and-records provisions.… Continue Reading
The Olympics are on and everywhere I go people are excited and inspired. I personally feel that just by watching, I’m part of something great.
With such mass interest and engagement, it made me think: if compliance were an Olympic sport, what categories would it compete in?… Continue Reading
A former Keppel Corporation agent has reportedly accused the company’s executives of authorizing him to pay bribes to Brazil officials in an effort to win Petrobras contracts.
Keppel is the world’s biggest builder of offshore oil and gas rigs.… Continue Reading
Much should be written soon about the suicide note from Ashish Awasthi: “I am going to commit suicide because I can’t meet my company’s sales target and my company is pressuring me.”… Continue Reading
It is customary to send gifts and make cash donations in the regular course of business in South Korea. Exchanging gifts is a deeply rooted custom in Korean society, and this practice has historically been the source of various compliance issues for multinational companies operating in South Korea.… Continue Reading