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
Posts Tagged: Declination
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.
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
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 Boston engineering company that paid $4 million last week to settle FCPA offenses in India was also sanctioned by the World Bank Thursday for failing to disclose a subcontract on a project in Vietnam.… Continue Reading