In a statement Friday about its recent $1 billion FCPA resolution, Swedish telecom Ericsson made some frank admissions about its bad actors, and provided rare insight into what simultaneous FCPA negotiations with the DOJ and SEC are like.… Continue Reading
A natural foods and bio tech firm said Thursday that practices at a company it acquired in Mexico have triggered DOJ and SEC investigations into potential environmental and FCPA compliance matters.… Continue Reading
Is there a favorite season or special time of the year that’s best for closing FCPA investigations or disclosing new ones?
I looked at a 32-month period, starting from January 1, 2017.… Continue Reading
Walmart Inc. said in an SEC filing that it’s paying the chair of its audit committee $90,000 in extra compensation because of the workload created by the company’s ongoing FCPA investigation.… Continue Reading
An American manufacturing company said last week it will stop updating disclosures about an FCPA investigation the SEC hasn’t commented on for five years.
Cleveland-based Park-Ohio Industries, Inc. said in a securities filing that it responded to a subpoena from the SEC in 2013.… Continue Reading
The day after the DOJ announced FCPA and money-laundering conspiracy charges against Jho Low and two former Goldman Sachs bankers, Goldman itself published an update about the 1MDB case and ongoing investigations.… Continue Reading
An analysis of corporate disclosures of enforcement actions and internal investigations highlights the increased risk that those who are investigating other forms of fraud, for example accounting fraud, may find a regulator’s interests expanding beyond the initial scope into areas of corruption.… Continue Reading
During the first half of 2018, seven issuers resolved FCPA offenses with the the DOJ or SEC or both. When did the companies first learn about their potential FCPA offenses, (according to their own disclosures), when did they first disclose the potential offenses, and when did they finally resolve the offenses with the feds?… Continue Reading