In my practice, I frequently assist clients with risk assessments, program reviews, and developing improvements to their existing anti-bribery and anti-corruption compliance programs, policies and procedures. Based on some recent experience, here is a brief list of key improvements companies can make to their ABAC compliance programs now and the related questions they should be asking as part of that effort.… Continue Reading
Posts Tagged: Hong Kong
The Treasury Department’s Office of Foreign Assets Control imposed sanctions on 11 Hong Kong officials Friday, including the territory’s head of state, for “undermining Hong Kong’s autonomy and restricting the freedom of expression or assembly of the citizens of Hong Kong.”… Continue Reading
Practice Alert: Alstom’s China agent wins arbitration award in UK despite ‘serious indicia of bribery’
Last week, a UK court upheld an arbitration award against French transport giant Alstom brought by an agent that helped it win rail network contracts worth over $1.1 billion in China from 2003 until 2012.… Continue Reading
As Jason Deegan’s post for the FCPA Blog recently reminded us, Transparency International’s Corruption Perceptions Index (CPI) rarely points to major changes from year to year. However, a closer analysis of ratings since 2012 – the year when TI adopted its current methodology for the CPI – may be more revealing.… Continue Reading
While we all deal with challenging new work environments as a response to the Covid-19 outbreak, the values of every company are being tested. Corporations need to drive strong cultural messages to enable all stakeholders to uphold the company values.… Continue Reading
FCPA-related jury trials are rare. In some years there might be one but in many years there are none. This year, however, there were three, ending in convictions of four defendants.… Continue Reading
A year ago, we wrote here about the enactment and possible implications of a new law in China preventing China-based individuals and entities, including the China-based subsidiaries of non-Chinese companies, from providing certain assistance in criminal proceedings outside of China.… Continue Reading
Barclays PLC paid the SEC $6.3 million Friday to settle FCPA offenses related to the hiring of relatives of public officials in Asia.
The British bank disgorged $3.8 million and paid a $1.5 million penalty to the SEC, plus pre-judgment interest of $984,000.… Continue Reading
Hong Kong’s anti-corruption agency said Thursday it has charged JPMorgan’s former Asia investment banking vice chair with two counts of bribery for trying to hire the son of an IPO client.… Continue Reading
Hong Kong’s former home secretary was sentenced to three years in prison Monday for bribing African officials on behalf of a Chinese energy company.
Hong Kong’s former home secretary was convicted by a Manhattan federal jury Wednesday for bribing African officials on behalf of a Chinese energy company.
Patrick Ho, 69, was found guilty after a one-week trial in the Southern District of New York.… Continue Reading