The government of Iraq filed a civil suit in late June in federal district court in New York City against two individuals and about 50 companies and some of their related firms for bribery that allegedly occurred under the United Nations oil-for-food program. Referring to the U.N. program as “the largest financial fraud in human […]
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Law firm Hughes Hubbard & Reed, a sponsor of the FCPA Blog, has released its FCPA/Anti-Bribery Mid-Year Alert 2010. The authors say it’s both a quick desk reference and — at 241 pages — an authoritative collection of FCPA resources. They’re right. There’s exhaustive enforcement-related information — DOJ and SEC actions, DOJ opinion procedure releases, […]
by Joe Looby
Complicated, yes, but impossible? No, according to a report just out from RAND Europe.
With the widely reported increase in FCPA enforcement by the U.S. DOJ and SEC, and a new U.K. Bribery Act taking effect in April of 2011, corporations are increasingly required to conduct anti-bribery due diligence and investigations across […]
March 15, 2015 More than a million protesters demand President Dilma Rousseff’s impeachment because of the corruption scandal at Brazil’s state-owned oil company, Petrobras. A compliance professional and regular reader of the FCPA Blog sent a fascinating note about the multi-billion graft scandal now brewing in Brazil involving the state-owned oil giant, Petrobras. Here’s what […]
[…] million in trips, primarily to vacation destinations in the U.S., including $34,000 for five days of sightseeing, wrapped onto a three day trip of business activity.
Ingersoll Rand – holiday excursion to Florence after visiting the company’s facilities in Vigante, Italy. The excursion to Florence included payment of $1000 in “pocket money”.
Metcalf & Eddy […]
The U.K. Serious Fraud Office said a British man who supplied surgical instruments to the Iraqi government was sentenced today by a London court to 24 weeks in prison. Mark Rodney Jessop, 53, admitted breaking United Nations sanctions during the oil for food program by making illegal payments to Saddam Hussein’s government. The SFO said […]
The French oil giant Total SA is on trial in Paris for violating the United Nations oil-for-food program. Total is accused of buying oil directly from the former Saddam Hussien regime in violation of the U.N. embargo. It faces charges of corruption and involvement in fraudulent activity, according to Radio France Internationale (RFI). On trial […]
[…] public will not learn know if there were any consequences, such as increased sentences or fines.
This is a serious gap in enforcement. Two years ago the RAND Center studied the use of the Federal Sentencing Guidelines. Joe Murphy, a leading compliance expert and the SCCE’s Director of Public Policy, noted (p.61) that DOJ […]
[…] run a business, Snell says. And it’s no way to treat the public, according to Joe Murphy, the SCCE’s director of policy. As he explained in a RAND paper released at the conference, the mission of the compliance profession is to enable compliance professionals to create structures that protect the public from lapses in […]
We heard a few days ago (here) that some Siemens insiders are trying to calculate the company’s potential financial penalties for alleged Foreign Corrupt Practices Act offenses. Apparently the insiders think that past FCPA settlements reveal a correlation between the amount of bribes paid and the financial penalties imposed on the organizations. We don’t think […]