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
While the much heralded Yates Memo has produced a frenzy of “what does it mean?” reporting, few analysts have examined the depth and breadth of the issues and events that led DOJ to re-emphasize the focus on prosecution of corporate executives.… Continue Reading
Kinross Gold Corp. said in a statement Friday that it is under investigation for corruption in West Africa by the U.S. Securities and Exchange Commission and the Justice Department.
The company said it received SEC and DOJ subpoenas related to possible internal control deficiencies and improper payments to government officials.… Continue Reading
Recommind is hosting a free webinar on Thursday, March 26 at 1:00 EDT. It’s called Powering through Investigations – FCPA and Beyond.
Investigations are frequently nuanced and time-sensitive, but FCPA matters present even more challenges: potentially huge penalties, lots of foreign language data, and the pressing need to take decisive action.… Continue Reading
Kentucky-based General Cable Corporation said in an SEC filing Monday that it is investigating “certain commission payments involving sales to customers” in Angola, and the way the payments were reflected in the company’s books and records.… Continue Reading
Key Energy Services Inc. said it is investigating allegation of possible bribery involving its Mexico operations.
As reported by Petro Global News, the Houston-based firm said in an SEC filing last week that it learned about the allegations in April and has conducted an initial investigation into potential violations of the FCPA and other laws.… Continue Reading
Brazilian aircraft maker Embraer SA said last week its four-year FCPA investigation is still ongoing and the company can’t predict the outcome.
The investigation first focused on three unnamed countries but later expanded.… Continue Reading
Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division is leaving the agency Friday, March 21. But the 17-year DOJ veteran made time the day before her departure to speak to the Global Anti-corruption Compliance Congress in Washington, DC.… Continue Reading
Here’s the full FCPA disclosure from HP’s Form 10-K filed with the SEC on March 11, 2014:
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… Continue ReadingThe German Public Prosecutor’s Office (“German PPO”) has been conducting an investigation into allegations that current and former employees of HP engaged in bribery, embezzlement and tax evasion relating to a transaction between Hewlett-Packard ISE GmbH in Germany, a former subsidiary of HP, and the General Prosecutor’s Office of the Russian Federation.
Wal-Mart Stores, Inc. said in an earnings release Thursday that it expects to spend between $200 million and $240 million on FCPA-related matters and compliance for fiscal 2015.
The world’s largest retailer has already spent more than $300 million on FCPA and compliance related matters.… Continue Reading
Houston-based oil and gas company Hyperdynamics Corporation said it received a subpoena from the DOJ in September requesting documents relating to its business in the African country of Guinea.
The company said it believes the investigation is focused on whether its ‘activities in obtaining and retaining the Concession rights and [its] relationships with charitable organizations potentially violate the FCPA and anti-money laundering statutes.’… Continue Reading
Agilent Technologies disclosed that employees in China working with third-party intermediaries may have violated the company’s business conduct policy and the FCPA.
Santa Clara, California-based Agilent makes testing and measurement equipment used in the medical industry.… Continue Reading
In its quarterly SEC filing Thursday, Wal-Mart again said it is investigating both alleged FCPA offenses in foreign subsidiaries and ‘whether prior allegations of such violations and/or misconduct were appropriately handled.’… Continue Reading