News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
A Maryland-based telecommunications company said in a securities filing Friday that it has launched an internal investigation into potential violations of the Foreign Corrupt Practices Act. Ciena Corporation said the investigation is to determine if certain payments “to an individual employed by a customer in a country in the ASEAN region” may have violated […]
[…] disgorged $4.3 million to the SEC, plus prejudgment interest of $735,000. Sridhar Thiruvengadam (September 13), 55, the former chief operating officer of New Jersey-based Cognizant Technology Solutions Corporation, settled SEC charges that he violated the FCPA’s internal accounting controls and recordkeeping provisions by helping bribe an Indian government official and concealing the bribe. The […]
[…] mind, we wanted to encourage FCPA Blog readers by sharing the playbook that we’ve been using to support our business lines and manage risk. (We’re on VF Corporation’s Ethics and Compliance team. You may not be familiar with VF Corporation, but you probably know some of our brands. They include Vans, The North Face, […]
[…] budget constraints in many industries. Naturally, this tends to become a gloomy outlook. And, it seems indeed possible that the “stand alone” anti-bribery compliance department in a corporation will be challenged as economic pressure on “corporate” resources increases during the pandemic and will continue during the recovery phase. However, this is also an opportunity […]
[…] they didn’t yet understand that doctors at state-connected hospitals are “foreign officials” under the FCPA (despite earlier FCPA actions against Syncor International in 2002, and Diagnostic Products Corporation and Micrus Corporation, both in 2005). Or perhaps no one at Novartis believed open payments to doctors for common professional activities — attending conferences, giving talks, […]
[…] $282 million to resolve FCPA cases, and in 2020, 12 companies paid a total of $6.4 billion. The eight corporate FCPA enforcement actions this year were KT Corporation, Stericycle, Inc., Glencore plc, Tenaris, S.A., GOL Linhas Aéreas Inteligentes S.A., Oracle Corporation, ABB Ltd, and Honeywell International Inc. Total financial settlements in 2022 were the […]
Image courtesy of Panasonic Avionics CorporationPanasonic Corporation confirmed Thursday that a subsidiary that develops inflight entertainment and communications systems is under investigation for possible FCPA and securities laws violations.
[…] of potentially wider industry sweeps on the way? There are still one-off FCPA enforcement actions, standalone cases from various industries. An example from 2020 is World Acceptance Corporation, a South Carolina-based consumer loan company. It paid the SEC $21.7 million to resolve FCPA offenses caused by a subsidiary that bribed government and union officials […]
Chevron Corporation resolved violations under the U.N. Oil-For-Food Program by entering into a non-prosecution agreement with the U.S. Department of Justice and separate agreements with the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”) and the Securities and Exchange Commission. The SEC’s charges against Chevron included violations of the […]
[…] 31, 2016 that have mentioned China as part of an on-going FCPA investigation: 1.. AstraZeneca PLC 2. Delphi Automotive PLC 3. Deutsche Bank AG 4. General Cable Corporation 5. GlaxoSmithKline PLC 6. Goldman Sachs Group Inc 7. Grifols SA 8. Harris Corporation 9. HSBC 10. Johnson Controls Inc 11. JPMorgan Chase & Co 12. […]