Former French Finance Minister Michel Sapin and four other panelists convened last week at the Panthéon-Assas University’s historical Place du Panthéon campus in Paris to discuss the application of the Sapin II law that came into effect in December 2016.… Continue Reading
The 2026 FIFA World Cup vote already reflects the significant steps FIFA has taken to reduce corruption. Will it now follow the International Olympic Committee example and take the next step?… Continue Reading
On May 24, I wrote a post for the FCPA Blog about TRACE’s concerns that Article 10 of the new EU General Data Protection Regulation (GDPR) presents an obstacle to anti-bribery due diligence of third parties, and how we have advocated for an EU-wide, or at least a national-level, solution.… Continue Reading
The Paris 2024 Summer Olympics present an historic opportunity for the Olympic Movement, the French compliance industry, and the global anti-corruption effort. In a brief two-year span — 2016 to 2017 — three extraordinary events converged:
• The International Olympic Committee formalized a new policy of contractually obligating host cities and their Olympic organizations to adopt anti-corruption and human rights compliance;
• At the same time, France was enacting its landmark anti-corruption compliance law, Sapin II, and a corporate human rights obligation, the Duty of Vigilance Law, heralding a new era for France’s compliance industry; and
• The IOC selected Paris to host the 2024 Games, inviting France to set the standard for Olympic corruption and human rights compliance.… Continue Reading
Legg Mason Inc., a Maryland-based investment management firm, settled FCPA violations in Libya caused by its partner Société Générale S.A., by agreeing Monday to pay $64.2 million in penalties and disgorgement.… Continue Reading
In the first coordinated enforcement action by the DOJ and French authorities in an overseas corruption case, a Paris-based bank agreed Monday to settle charges that it paid over $90 million in bribes to officials in Libya during the Qaddafi regime.… Continue Reading
The Special Investigative Commission of the National Assembly has released a report on the conditions surrounding foreign investments in French companies of strategic importance.
While the report discusses French industrial policy in the context of globalization more broadly, it also provides insight into how the French government may strengthen the Agence Française Anticorruption (AFA) and its ability to cooperate with foreign regulators on investigations involving corruption.… Continue Reading
In a case surprisingly ignored by the mainstream media, considering the matter and the parties at stake, France’s Supreme Court recently determined that double jeopardy isn’t a viable defense to prevent the prosecution of a company that had entered into a plea agreement for charges tried in another country.… Continue Reading
Former French president Nicolas Sarkozy was charged Wednesday with corruption and taking illegal campaign contributions from the Libyan government.
Police took him into custody in Paris Tuesday for questioning.
Prosecutors believe part of his successful 2007 campaign was illegally financed by as much as €50 million ($61 million) from Libya’s government.… Continue Reading
There is some recent news from the front lines concerning the Agence Française Anti-Corruption’s and French prosecutor’s actions against companies that violate the French Anti-Corruption Law, Sapin II, and the use of the Convention Judiciaire d’Interêt Public.… Continue Reading
After two hours of driving through undeveloped Korean countryside, the image upon arriving at the Olympic skiing venues is quite startling: the surrounding ridges are dotted with technologically advanced, energy-generating windmills.… Continue Reading
The Olympic Games, which open today, have become a powerful symbol in the global anti-corruption movement. They lay bare the worldwide human tendency to abuse entrusted authority for private gain. But so too do they highlight the emergent global resolve to address it and the myriad tools now at our disposal.… Continue Reading