New List: The FCPA Top 40
Richard L. Cassin
December 12, 2019
Here’s the FCPA Blog’s list of the 40 biggest Foreign Corrupt Practices Act resolutions of all time.… Continue Reading
Editors
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
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Posts Tagged: Alcoa
Ericsson’s FCPA disgorgement is second biggest. But is it legal?
Richard L. Cassin
December 10, 2019
Last week’s $1.06 billion blockbuster resolution by Sweden’s Ericsson included disgorgement to the SEC of $540 million. By our count that’s the second biggest disgorgement ever ordered in an FCPA enforcement action.… Continue Reading
Our Top Ten List didn’t change in 2015 (but here’s when it did change)
Richard L. Cassin
January 5, 2016
The biggest FCPA settlement in 2015 was BHP Billiton. It paid $25 million to the SEC to settle Olympics-related FCPA offenses. The case fell far short of the Top Ten List, missing a tenth place finish by a whopping $160 million.… Continue Reading
As FCPA enforcement gets tougher, compliance demands bold measures
Julie DiMauro
February 10, 2015
As I recently wrote for the Accelus Regulatory Intelligence subscription service, bold measures are required of multinational firms to stay in compliance with the FCPA. Firms need to know not only what all of their divisions and employees are doing, but what their subsidiaries and vendors are doing.… Continue Reading
From Alstom: Six reasons why non-U.S. companies dominate the FCPA top ten list
Richard L. Cassin
January 5, 2015
The current list of the ten biggest FCPA cases includes only two U.S.-based companies — KBR at number three and Alcoa at number six. The rest are non-U.S. companies.
France’s Alstom is the latest to land in the top ten.… Continue Reading
Avon disgorgement lands on top ten list
Richard L. Cassin
December 26, 2014
Image courtesy of AvonAvon’s $135 million settlement with the DOJ and SEC earlier this month included a disgorgement to the SEC with interest that ranks 8th on our list of the biggest FCPA disgorgements.… Continue Reading
With Alstom, three French companies are now in the FCPA top ten
Richard L. Cassin
December 23, 2014
Monday’s $772 million DOJ enforcement action against Alstom SA and several subsidiaries landed second on our list of the top ten FCPA cases of all time.
The addition of Paris-based Alstom means three of the top ten FCPA cases now involve French companies.… Continue Reading
Bio-Rad cracks the disgorgement top ten list
Richard L. Cassin
November 4, 2014
Bio-Rad Laboratories paid a total of $55 million Monday to settle FCPA offenses. About $40 million of that went to the SEC as disgorgement. That payment landed tenth on our list of the biggest FCPA-related disgorgements.… Continue Reading
How Alcoa avoided a $1 billion criminal fine while others got hammered
Richard L. Cassin
October 7, 2014
Leslie Caldwell, chief of the DOJ’s criminal division, talked at last week’s Annual Ethics and Compliance Conference in Atlanta. She covered the ten hallmarks of an effective compliance program and cooperation with the DOJ in FCPA and other white-collar investigations.… Continue Reading
SFO: Bruce Hall £3 million confiscation order ‘paid in full’
Richard L. Cassin
August 4, 2014
The UK Serious Fraud Office said Friday that its £3 million ($5 million) confiscation order against former Alba chief Bruce Hall has been fully paid.
Hall, 61, was sentenced by a London court on July 22 to serve 16 months in prison for taking nearly $5 million in bribes when he worked for state-owned Alba, or Aluminium Bahrain B.S.C.… Continue Reading
Former Alba CEO Bruce Hall jailed in the UK
Richard L. Cassin
July 23, 2014
An Australian executive who once served as CEO of state-owned Aluminium Bahrain B.S.C. (Alba) was jailed Tuesday in the UK for 16 months.
Bruce Allen Hall, 61, pleaded guilty in 2012 to conspiracy to corrupt.… Continue Reading
Survey: Despite growing enforcement risks, adoption of compliance programs has stalled
Richard L. Cassin and Julie DiMauro
July 16, 2014
Ernst & Young just issued its 13th Global Fraud Survey. It shows regulators aggressively pursuing financial fraud and bribery cases, and expressing increasing concern over cyber risks.
EY highlights how multiple agencies in the U.S.… Continue Reading