Posts Tagged: FCPA
Imagine your house is on fire. In the front of the house, you have a fire department working tirelessly to put out the fire with water. In the back, someone is spraying your house with gasoline.*… Continue Reading
It is no secret that the global commodities trading sector is rife with corruption risks. We at Global Witness have been investigating this for years, and have seen enforcement efforts fall short all too often.… Continue Reading
The U.S. Department of Justice recently published new guidance on how it will assess corporate compliance programs. The DOJ Guidance streamlines previous U.S. guidance and expands on key subjects; providing a greater insight into how the the DOJ will approach its evaluation of compliance programs when considering whether a prosecution or other resolution is appropriate. … Continue Reading
As whistleblower protection continues to grow as an important part of the compliance landscape worldwide, companies should be prepared for the inevitable increase in incidents requiring investigation. This includes allegations of corruption and bribery, which can present significant challenges when raised through internal whistleblower channels.… Continue Reading
The UK Serious Fraud Office said Friday it has closed bribery investigations into UK-based GlaxoSmithKline PLC and individuals at subsidiaries of Rolls-Royce Holdings PLC.
SFO director Lisa Osofsky said in a statement there was “either insufficient evidence to provide a realistic prospect of conviction or it is not in the public interest to bring a prosecution in these cases.”… Continue Reading
The DOJ said Tuesday that a Hawaii-based businessman admitted bribing officials from Micronesia.
A recent docket update by the Southern District of New York suggests that Andrew Simon, a Manhattan-based commercial real estate broker charged in 2017 with conspiring to violate the FCPA, has pleaded guilty under seal and is scheduled to be sentenced later this month.… Continue Reading
During my decade as an international sales VP, I conspired with an agent to pass $15,000 to a Dutch police official in return for tender specifications tailored to my former employer’s product.… Continue Reading
Steinman & Rodgers will be hosting a complimentary webinar reviewing the major FCPA developments of 2018, and looking forward to tends in 2019.
While it is impossible to know who initiates most bribe situations, the giver or the receiver, one thing is clear: no bribe can take place without both. It is for this reason that international conventions such as the OECD Anti-Bribery Convention and the UN Convention Against Corruption encourage state parties to address both sides of bribery in their national legislation. … Continue Reading