The world’s biggest provider of dialysis equipment and services agreed Friday to pay the DOJ and SEC $231 million in penalties and disgorgement to resolve violations of the Foreign Corrupt Practices Act across Africa, the Middle East, and Europe.… Continue Reading
The that Ukraine’s Constitutional Court (UCC) has abolished a law designed to prevent government officials from benefiting from corrupt practices, effectively waves a white flag at those who see public service as a means to line their own pockets.… Continue Reading
Presumably most business organizations have a conflict of interest (COI) policy. But the likelihood that they have a true — and effective — COI compliance program is quite a bit smaller.… Continue Reading
The World Bank Wednesday debarred a state-owned Vietnamese water and sewerage treatment company for one year for “fraudulent practices” involving a project in Vietnam.
Vietnam Water and Environment Investment Corporation — JSC (VIWASEEN) is ineligible to participate in World Bank-financed projects during the 12-month debarment.… Continue Reading
Jonathan Rusch seems to indicate in his post that we disagree about data. I think we disagree mostly about the best attitude for decision-makers. Rusch indicates that I somehow disparage data, almost as if I were disparaging how someone earns a living, but to paraphrase Don Corleone, I too work with data.… Continue Reading
An American manufacturing company said last week it will stop updating disclosures about an FCPA investigation the SEC hasn’t commented on for five years.
Cleveland-based Park-Ohio Industries, Inc. said in a securities filing that it responded to a subpoena from the SEC in 2013.… Continue Reading
The following summarizes the “FCPA Docket” for individuals, which includes all known FCPA-related ongoing prosecutions, fugitives, sentencings, and pending appeals.
This information is current as of March 25, 2019.
FCPA-Related Ongoing Prosecutions
Uriel Sharef, Herbert Steffen, Ulrich Bock, Stephan Signer, Carlos Sergi and Miguel Czysch (DOJ | SDNY 11-1056): The DOJ charged eight defendants, all former senior executives with or agents of Siemens AG or one of its subsidiaries, on December 13, 2011.
Hong Kong’s former home secretary was sentenced to three years in prison Monday for bribing African officials on behalf of a Chinese energy company.
As news of potential mishandling in the development, certification, and pilot training for Boeing’s 737 Max continues to percolate, the possibility that both the crashes of Ethiopian Airlines flight 302 and Lion Air flight 307 could have been avoided looms increasingly large.… Continue Reading
Former Israeli Prime Minister Ehud Barak and current PM Benjamin Netanyahu believe that blockchain is a potentially a game-changing technology. They expect it to disrupt big sectors of the economy — healthcare, banking, insurance, and cybersecurity among them.… Continue Reading