The DOJ released the first version of its Evaluation of Corporate Compliance Programs in 2017. That document (with its 2019 and 2020 updates) completed the chief compliance officer’s amazing transformation from part-time generalist to today’s highly specialized “super executive.”… Continue Reading
As we near the year’s halfway point, I want to get in an early nomination for 2017’s Best and Most Important Blog Post. It was written by Susan Fowler, a one-time engineer at Uber who blogged about the sexual harassment and discriminations she experienced there.… Continue Reading
Gary Pruitt, the president and CEO of the Associated Press, said the FBI’s impersonation of an AP reporter during an investigation was theft of the news agency’s reputation and credibility and “belittles the value of the free press.”… Continue Reading
The movement to use anticorruption enforcement proceeds for the benefit of corruption’s true victims is gaining ever more momentum.
The UNCAC Coalition — a global network of over 350 civil society organisations in over 100 countries, committed to promoting the ratification, implementation and monitoring of the UN Convention Against Corruption — has recently drafted a letter to U.S.… Continue Reading
U.S. Attorney General Eric Holder was at NYU law school Wednesday, urging Congress to raise rewards for whistleblowers who report financial crimes.… Continue Reading
Two recent blockbuster DOJ settlements have two things in common: 1) record-setting financial penalties, and 2) a portion of those penalties being set aside to fund programs to benefit the communities harmed by the crime.… Continue Reading
Citigroup Inc. will pay $7 billion to settle a U.S. investigation into shoddy mortgage-backed securities the bank sold as the country headed toward financial crisis, including the largest civil fraud penalty ever imposed by the U.S.… Continue Reading
Friends of the FCPA Blog — Sandy Sierck and Nick Diamond, who represent the Socio-Economic Rights and Accountability Project in Nigeria — have another good idea. For years, SERAP has been petitioning the DOJ and SEC to return enforcement revenues to the real victims of overseas corruption: the citizens of the corrupt governments.… Continue Reading
CareFusion Corp. has agreed to pay the government $40.1 million to settle allegations that it violated the False Claims Act (FCA) by paying kickbacks and promoting its products for uses not approved by the Food and Drug Administration (FDA), the Department of Justice announced today.
Here’s an excerpt from Attorney General Eric Holder’s remarks Monday at the Arab Forum on Asset Recovery in Morocco.
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In recent years, we’ve joined hands to draft and bring into force the United Nations Convention Against Corruption – the first global anti-corruption treaty.… Continue Reading