On December 27, the Washington Post reported that the Small Business Administration (“SBA”) had proposed MicroTechnologies LLC (“MicroTech”) for debarment (as well as MicroTech’s CEO and founder, Anthony Jimenez).… Continue Reading
The halls of regulators and law enforcement agencies around the world appear to be full of government officials investigating cases of bribery and corruption.
In China, there are allegations involving pharmaceutical companies and information brokers, and in the UK, we are still seeing the fall-out from the Libor scandal involving some of the world’s most respected financial institutions.… Continue Reading
As readers of the FCPA Blog know, the U.S. federal government has traditionally cross-debarred contractors across the federal government — once a contractor is debarred by one agency, that contractor is automatically debarred by all.… Continue Reading
Three men charged under the U.K. Bribery Act will appear in a London court Monday.
U.S. Attorney Preet Bharara said Tuesday the United States has filed a civil forfeiture action against the assets of nine companies that own real estate in Manhattan. The complaint targets four luxury residential units and two high-end commercial spaces.… Continue Reading
When it comes to global bribery laws and FCPA compliance, travel and entertainment expenses and the reimbursement process are enormously meaningful in many ways. So how can you make sure that your risk, compliance, and audit departments are properly tracking these processes and effectively mitigating risk?… Continue Reading
Two brokers affiliated with a New York firm were charged in federal court with paying at least $5 million in bribes to an official at a state-owned Venezuelan bank to win bond trading work.… Continue Reading
The SEC said today it received 3,001 whistleblower tips during the past fiscal year.
There were 115 FCPA-related complaints.
Corporate disclosures and offering frauds were most often reported. They accounted for a third of all complaints.… Continue Reading
Last Tuesday, October 9th, the World Bank hosted a colloquium on “Suspension and Debarment,” featuring four panels of experts from around the world.
Perhaps in recognition of the increased use and prominence of this integrity tool, the colloquium was very well-attended with an active and attentive audience.… Continue Reading