As the world’s leading international development organization, the World Bank Group has committed to embracing diversity and inclusion in its work and workplace, and it has taken a zero-tolerance policy toward racism and any other form of discrimination.… Continue Reading
During the second calendar quarter — amid the Covid-19 lockdown — there were two corporate FCPA enforcement actions. For comparison, during the second calendar quarter last year, there were three corporate FCPA enforcement actions, and during Q2 2018, there were five corporate FCPA enforcement actions.… Continue Reading
Only yesterday they were pimply FCPA nerds. But a strange thing happened. They morphed into the cool kids.
Today’s compliance officers are famous and wanted.
Here’s some evidence.
Argentina’s new law that creates corporate liability for bribery came into effect on March 1. Here are five things to know about Law 27.401 and how it impacts a compliance program.… Continue Reading
A former Siemens AG executive pleaded guilty Thursday to conspiring to pay tens of millions of dollars in bribes to Argentine government officials for a $1 billion contract to create national identity cards.… Continue Reading
The World Bank Thursday debarred three construction companies for 18 months for “knowingly misrepresenting work progress” during a bank-funded project in Argentina.
Gavinor, S.R.L., J.C. Segura Construcciones S.A., and their joint-venture, Constructura J.C.… Continue Reading
Jorge and Basch: Argentina introduces deferred prosecution agreements, standards for compliance programs
In the prior post, we talked about the new law in Argentina that will enter into force in March 2018 that creates corporate liability for bribery. The post covered the coverage and application of the new law, which offenses trigger corporate liability, standards of liability, and defenses.… Continue Reading
On December 1, the Argentine government enacted Law 27.401, which will enter into force in March 2018. We were deeply involved in the drafting and debate of the statute. In this post and the next one, we’ll summarize some of the key features of the new law.… Continue Reading
A former Siemens executive indicted by the DOJ in 2011 for bribing officials in Argentina pleaded not guilty in federal court in New York City Friday.
Eberhard Reichert, 78, a German citizen, was released on bond of $500,000.… Continue Reading
The Argentine Congress approved a new law last month that criminalizes corporate bribery and corruption and imposes requirements for compliance programs.
The new law also sets out rules for reaching settlements with the authorities in bribery investigations.… Continue Reading
IBM said in an SEC filing that the DOJ and SEC have closed their FCPA investigations into transactions in Argentina, Bangladesh, Poland, and Ukraine.
The U.S. investigations started in early 2012 when IBM notified the SEC of a probe by the Polish Central Anti-Corruption Bureau.… Continue Reading
A former managing director of Julius Baer pleaded guilty Thursday to a money laundering conspiracy in the DOJ’s prosecution of corruption in soccer’s international governing body.
Jorge Luis Arzuaga, 56, appeared in federal court in Brooklyn.… Continue Reading