Interpol has 194 member countries. They can all request Red Notices and most of them have. How is it then that just one member — Russia — is behind more than a third of all currently public Red Notices?… Continue Reading
On July 4, the French Anticorruption Agency’s (AFA) Sanctions Committee rendered its first decision, dismissing all claims raised by the AFA and ruling that at the date of the hearing, the defendant company had implemented a system of detection and prevention of corruption which complied with the obligations imposed by Article 17 of Sapin II.… Continue Reading
A new report recently published by The Ethics and Compliance Initiative (ECI), the 2019 Global Business Ethics Survey, addresses the state of E&C programs across ten countries — USA, Brazil, UK, Spain, France, Italy, Germany, Russia, India, and China.… Continue Reading
In our experience, cooperation with the due diligence process, and developing a deep understanding of the compliance expectations held by multinational companies, are competitive advantages. They help local business partners stand out from the crowd, move through the due diligence process far more quickly, and grow a larger clientele among compliance-focused companies.… Continue Reading
London-based TechnipFMC plc said in an SEC filing Wednesday that it has set aside $280 million for a settlement of bribery-related offenses with authorities in the United States, Brazil, and France.… Continue Reading
Police in France arrested a Ukrainian citizen who allegedly faked his death as part of an intricate and large-scale corruption scheme.
French police said the unnamed man, arrested on October 5, was a “high-profile” Ukrainian.… Continue Reading
The French government enacted the law commonly known as Loi Sapin II, paving the way for out-of-court settlements, on December 9, 2016. And the French Ministry of Justice issued regulatory guidelines on the subject on January 31 this year.… Continue Reading
On June 5, Société Générale SA (or SocGen) agreed to settle Libya-related corruption allegations in a coordinated resolution with U.S. and French authorities. As part of the settlement, the company entered into a Deferred Prosecution Agreement (DPA) with the Department of Justice over FCPA charges, while one of its subsidiaries, SGA Société Générale Acceptance NV, pled guilty on a count of conspiring to violate the FCPA. … Continue Reading
Big pharma Sanofi agreed Tuesday to pay $25.2 million to resolve charges that it paid bribes across the Middle East and in Kazakhstan to win business.
The SEC said Sanofi violated the FCPA’s books and records and internal accounting controls provisions.… Continue Reading
The Securities and Exchange Commission issued an administrative order Monday that completed the feds’ earlier $64 million FCPA enforcement action against investment manager Legg Mason Inc.
In the prior post and this one, I’m looking at big events and trends since the FCPA Blog started publishing 11 years ago, and their impact on corruption, enforcement, and compliance.… Continue Reading