There are two basic management models to choose from: centralized or dispersed. Every global company leans toward one or the other. But for compliance, is one model better and one worse?… Continue Reading
Posts Tagged: Kazakhstan
American pharmaceuticals giant Pfizer disclosed this month that the DOJ and SEC’s investigation into possible FCPA violations has expanded to Mexico, the third county named so far.… Continue Reading
Swiss conglomerate ABB Ltd agreed Friday to pay penalties of $462.5 million to resolve charges that it violated the Foreign Corrupt Practices Act by bribing a South African official to win contracts for a power plant project.… 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
The New York-headquartered biopharmaceutical giant paid the DOJ and SEC $60 million in 2012 to settle FCPA offenses in Bulgaria, Croatia, China, Czech Republic, Italy, Kazakhstan, Russia, Serbia, Indonesia, Pakistan, and Saudi Arabia.… Continue Reading
Critics and supporters shower attention on the FCPA’s affirmative defenses for local law and promotional expenses. And the facilitating payments exception is a rich vein for the FCPA commentariat. Why, then, is the FCPA extortion defense mostly ignored and neglected?… Continue Reading
The first reports appeared Saturday. They said businesses and individuals in some countries are under pressure to donate to Covid-19 relief charities that have close ties to government officials.… Continue Reading
Enforcement actions by U.S. and European enforcement agencies as well as the World Bank have drawn attention to bribery offenses committed by multinational companies in Russia and other former Soviet republics, in particular in Central Asia.… Continue Reading
Big pharma Sanofi agreed Tuesday to pay $25.2 million to resolve charges that it paid bribes across the Middle East and in Kazakhstan to win business.
The SEC said Sanofi violated the FCPA’s books and records and internal accounting controls provisions.… Continue Reading
The DOJ unsealed FCPA charges against five men Tuesday for a bribery plot to help Rolls-Royce win an equipment contract on a gas pipeline from Kazakhstan to China. Four have pleaded guilty and the fifth man is a fugitive.… Continue Reading
Oilfield services firm Petrofac said Thursday it suspended its chief operating officer Marwan Chedid during a corruption investigation.