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
French aerospace defense company Safran S.A. received a declination from the DOJ last week despite bribery that violated the FCPA.… Continue Reading
Jardine Lloyd Thompson Group Holdings Ltd., owned by Marsh & McLennan Companies, Inc., was notified by the DOJ that it would decline prosecution and credit $29 million in disgorgement the company paid to the UK Serious Fraud Office.… Continue Reading
They craft policies, train employees, oversee due diligence, perform risk assessments, and lead investigations. But there’s another compliance role that’s practically unknown: disciplinarian. … Continue Reading
During the third calendar quarter, there were three corporate FCPA enforcement actions with penalties and disgorgement totaling about $182.7 million.… Continue Reading
Quad/Graphics Inc. agreed Thursday to pay the SEC nearly $10 million to settle violations of the Foreign Corrupt Practices Act for long-running bribery schemes and cover-ups in Peru and China.
The Sussex, Wisconsin print and digital marketing company disgorged $6.9 million and prejudgment interest of about $960,000, and agreed to pay a civil penalty of $2 million.… Continue Reading
American communication technology provider Polycom Inc. settled FCPA books and records and internal accounting controls provisions charges with the SEC Wednesday for using resellers and distributors in China to bribe government officials. … Continue Reading
The SEC closed its investigation into ING Group NV one day after the banking giant reached a $900 million settlement with Dutch authorities.
In a new SEC filing Wednesday, ING said:
As previously noted, in connection with the investigations ING also received information requests from the U.S.… Continue Reading
The Justice Department said Monday it won’t prosecute a UK engineering firm for possible FCPA and money-laundering violations.
Guralp Systems Limited or GSL, based in Reading, UK, received the declination letter (pdf) “notwithstanding evidence of violations of the FCPA.”… Continue Reading
The prosecutor who oversees the criminal division’s FCPA unit said the DOJ wants corporate acquisitions to happen and doesn’t want the “specter of enforcement to be a risk factor that impedes such activity by good actors.”… Continue Reading
Juniper Networks, Inc. said an SEC filing Friday that the DOJ has closed its FCPA investigation of the company and won’t bring an enforcement action.
The SEC’s investigation is still pending, Juniper said.… Continue Reading
FCPA practitioners welcomed Rod Rosenstein’s announcement that the Department of Justice has made the FCPA Pilot Program permanent, and incorporated it into the U.S. Attorneys’ Manual. In the words of one of my colleagues, the audience “noticeably lightened up” at the Deputy AG’s news. … Continue Reading
Net 1 UEPS Technologies said in a securities filing Thursday that the DOJ has closed its investigation of possible violations of the Foreign Corrupt Practices Act.
The DOJ investigation had apparently continued since the company received an SEC declination (pdf) in mid 2015 for the same matter.… Continue Reading