Getting to $6.4 billion: 2020’s corporate FCPA enforcement actions ranked by size
There have been a dozen corporate FCPA enforcement actions this year, including two of the biggest resolutions ever.… Continue Reading
There have been a dozen corporate FCPA enforcement actions this year, including two of the biggest resolutions ever.… Continue Reading
For the FCPA community (and the entire human race), 2020 was a You’ve-Got-to-be-Kidding-Me year. But for our top stories, let’s jump past the pandemic and straight to the FCPA, and more specifically to three aspects of enforcement — the Good, the Bad, and the Missing.… Continue Reading
Goldman Sachs Group Inc. shattered our top ten list with a $3.3 billion FCPA settlement with the U.S. Department of Justice and Securities and Exchange Commission, sending it straight to number one.… Continue Reading
My serious purpose in asking if agents are legal under the FCPA is about compliance with the accounting standards.… Continue Reading
For at least ten years, Germany’s financial regulator heard detailed complaints from reliable sources about a $2 billion accounting fraud at Wirecard AG but failed to act.… Continue Reading
TRACE recently published its annual Global Enforcement Report, which collects summary data regarding the state of transnational anti-bribery investigations and enforcement actions around the world. One of the standout facts in the report is that the number of companies subject to enforcement actions in 2019 was notably lower than in 2018—a 19 percent drop in U.S.… Continue Reading
During the first calendar quarter there were two corporate FCPA enforcement actions, including Airbus — the biggest FCPA resolution of all time.… Continue Reading
The acquittal of three Barclays executives is certainly not the Serious Fraud Office’s finest hour. Nobody at the SFO would ever claim that to be the case.… Continue Reading
The 40 biggest Foreign Corrupt Practices Act resolutions of all time now have penalties totaling over $17.1 billion. Put another way, that’s more money than the GDPs of Belize, Somalia, the Seychelles, and Kyrgyzstan combined.… Continue Reading
Airbus SE paid $4 billion (€3.6 billion) to settle global bribery and trade charges with French, UK, and U.S. authorities Friday after an eight-year investigation triggered by a British whistleblower.… Continue Reading