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
The Wall Street Journal reported Thursday that the DOJ and SEC are investigating potential bribery and corruption involving the sale of Microsoft products in Hungary.
Microsoft said in a statement to the Journal that it “moved quickly to investigate itself after it became aware of ‘potential wrongdoing’ at its Hungarian operations in 2014.”… Continue Reading
Eighteen months ago I was sitting in my dad’s office. We were discussing how there was no easy way to dive into and analyze active FCPA investigations.
“Wouldn’t it be great if you could see what countries are involved?… Continue Reading
Chicago-based spirits maker Beam Suntory Inc. agreed Monday to pay more than $8 million to resolve Foreign Corrupt Practices Act charges for improper payments by its Indian subsidiary.
Beam resolved the SEC’s civil charges without admitting or denying the allegations.… Continue Reading
During the second calendar quarter, there were five corporate FCPA enforcement actions.
The settling companies paid a total of $985 million for the resolutions.
Last week the Department of Justice reminded us that the FCPA remains a force to be reckoned with. And for the second time in as many years, I’ve taken to my keyboard to remind the world that, despite so many hopes and predictions, FCPA enforcement is not dead.… Continue Reading
Companies and enforcement agencies have named Brazil 36 times in disclosures about ongoing FCPA-related investigations, according to the latest data from FCPA Tracker.
China is named 17 times.
Ten of the investigations involving Brazil were first disclosed in 2017.… Continue Reading
During the first calendar of 2018, six companies disclosed new FCPA-related investigations, and investigations ended for five companies.
The six new investigations involve companies from the following industries:
- Defense Technology
- Security and Inspection Systems
- Engineering and Construction
Last year, 45 new FCPA-related investigations were publicly disclosed for the first time, according to data from FCPA Tracker.
There are now 134 pending FCPA-related investigations that companies or agencies have disclosed.… Continue Reading
Companies from the oil and gas industry have disclosed 28 open and ongoing FCPA-related investigations.