News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Here’s a status report about three of the new FCPA-related investigations that companies have disclosed in 2023. The investigations involve Stryker Corporation, Azure Power Global Limited, and Stanley Black & Decker, Inc.… Continue Reading
In August, India enacted the Digital Personal Data Protection Act. The legislation, which will come into effect at a later date to be decided by the Indian government, provides a way for companies to bypass obtaining consent to search personal data during an investigation.… Continue Reading
Albemarle Corporation agreed Friday to pay the DOJ and SEC $218 million in penalties and disgorgement to resolve FCPA offenses related to bribing government officials at state-owned oil refineries around the world. … Continue Reading
The Indian government has proposed new legislation on evidence, criminal procedures, and the criminal code, replacing existing laws, some of which date back a century. If these proposed laws are passed as-is, it would mean significant changes to how investigations are conducted in India, including the ensuing disclosure obligations and criminal liabilities.… Continue Reading
Auditors who have reason to believe that fraud is being committed by a company or upon a company by its employees are now obligated under Indian law to report it to the Indian government even if they did not identify it, if the amount involved is $122,00 (INR 10 million) or above.… Continue Reading
Even by today’s larcenous standards, last week’s indictment of a former Apple software engineer for theft of trade secrets is shocking. The DOJ accuses Weibo Wang of stealing the heart and soul of Apple’s self-driving car technology, including the architecture for an autonomous system and the “entire autonomy source code.”… Continue Reading
Medical device-make Stryker Corporation — which resolved FCPA cases in 2013 and 2018 — said Tuesday in an SEC filing that it is “currently investigating whether certain business activities in a foreign country violated provisions of the Foreign Corrupt Practices Act.”… Continue Reading
The biggest business story in the world this week? Short seller Hindenburg Research’s January 24 report that accuses India’s flashiest conglomerate, Adani Group, of stock manipulation, accounting fraud, and yes, corruption.… Continue Reading
American technology giant Oracle Corporation agreed Tuesday to pay the SEC $22.9 million to resolve charges that it violated the Foreign Corrupt Practices Act in Turkey, India, and the United Arab Emirates through subsidiaries that created and used slush funds to bribe foreign officials in return for business.… Continue Reading
Following recent SEC filings that described previously unreported FCPA-related investigations, there are at least 100 confirmed ongoing investigations overall, with 20 new active investigations first disclosed since the start of 2020, according to data from FCPA Tracker.… Continue Reading
Two and a half decades after the Corruption Perceptions Index was first published, it reached a milestone that went largely unnoticed. We’re going to take this opportunity to correct that oversight.… Continue Reading
As the recent high-level and healthy debate on the FCPA Blog has shown, there are various ways to gather and analyze corruption-risk data at the country level, all of which have respective pros and cons but nevertheless are indispensable in our era of risk-based compliance decision-making.… Continue Reading