The NSS is important. It sets the agenda for the executive branch of the government — the DOJ and SEC, the State Department, the Commerce Department, the Treasury Department, and so on — and it signals foreign policy priorities to Congress.… Continue Reading
Posts Tagged: Kleptocracy Asset Recovery Initiative
With most enforcement pressure bearing down on corporate supply side bribe payers, it is no surprise that the business community feels beleaguered. The fundamental unfairness is of course the impunity with which bribe takers operate, a frequent topic on the FCPA Blog.… Continue Reading
At Duke’s law school Thursday in Durham, North Carolina, Leslie Caldwell, the chief of the DOJ’s criminal division, talked about international crime and enforcement. She covered the fight against cybercrime, kleptocrats and their assets, Libor rigging, sanctions offenses, human trafficking and child exploitation, and corruption.… Continue Reading
We reported on Monday that the DOJ had announced a $30 million settlement with a vice president of Equatorial Guinea under its Kleptocracy Initiative. I hope the world noticed the noble and sensible purposes to which DOJ is putting these funds.… Continue Reading
The Department of Justice said Friday it reached a settlement of its civil forfeiture cases against assets in the United States owned by the Second Vice President of the Republic of Equatorial Guinea Teodoro (Teddy) Nguema Obiang Mangue that he purchased with the proceeds of corruption. … Continue Reading
FCPA enforcement has waxed and waned during Eric Holder’s six-year tenure as U.S. Attorney General. But that’s not the whole picture. During the same time, global anti-corruption enforcement has picked up speed and is more robust today than ever.… Continue Reading
The movement to use anticorruption enforcement proceeds for the benefit of corruption’s true victims is gaining ever more momentum.
The UNCAC Coalition — a global network of over 350 civil society organisations in over 100 countries, committed to promoting the ratification, implementation and monitoring of the UN Convention Against Corruption — has recently drafted a letter to U.S.… Continue Reading
The DOJ said Wednesday it seized $500,000 in assets traceable to bribe money accumulated by Chun Doo Hwan, the former president of the Republic of Korea.
The DOJ took more than $480 million in corruption proceeds hidden in bank accounts around the world by former Nigerian dictator Sani Abacha and his co-conspirators.… Continue Reading
The DOJ said last week it will settle a corruption-related civil forfeiture action involving more than $70 million in U.S. assets amassed by the son of Equatorial Guinea’s dictator.
The Department of Justice has frozen more than $458 million in corruption proceeds hidden in bank accounts around the world by former Nigerian dictator Sani Abacha and his co-conspirators.… Continue Reading