At Large: Are agents ever ‘legal’ under the FCPA?
Richard L. Cassin
August 6, 2020
My serious purpose in asking if agents are legal under the FCPA is about compliance with the accounting standards.… Continue Reading
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Harry Cassin
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Richard L. Cassin
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Elizabeth K. Spahn
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Posts Tagged: MTS Systems
At Large: Will Covid-19 ‘crony charities’ trigger the next wave of FCPA fumbles?
Richard L. Cassin
May 7, 2020
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
FCPA enforcement report for Q1 2020
Harry Cassin
April 1, 2020
During the first calendar quarter there were two corporate FCPA enforcement actions, including Airbus — the biggest FCPA resolution of all time.… Continue Reading
Where are the voices of telecoms companies on anti-corruption?
Birgitta Nygren and Mark Pyman
March 23, 2020
The FCPA Blog recently published the Top 40 FCPA penalties of all time. If you look at the companies that paid the largest penalties, you’ll see that four of the top ten are telecom companies: Ericsson and Telia (both from Sweden), Mobile TeleSystems (Russia), and Vimpelcom (Netherlands).… Continue Reading
A reprieve from robust and expansive FCPA enforcement is wishful thinking
Bill Steinman
February 11, 2020
Last year, we saw more enforcement actions brought against individuals than ever (up to 34, depending on how you’re counting), and a record number of convictions secured after trial (three). The cost of violating the FCPA continued to skyrocket.… Continue Reading
Airbus shatters the FCPA top ten
Harry Cassin
February 3, 2020
Airbus SE smashed our top ten list Friday with a $2.09 billion FCPA settlement with the U.S. Department of Justice, sending it straight to number one.… Continue Reading
Ericsson’s FCPA disgorgement is second biggest. But is it legal?
Richard L. Cassin
December 10, 2019
Last week’s $1.06 billion blockbuster resolution by Sweden’s Ericsson included disgorgement to the SEC of $540 million. By our count that’s the second biggest disgorgement ever ordered in an FCPA enforcement action.… Continue Reading
Ericsson jolts the FCPA top ten list
Richard L. Cassin
December 9, 2019
Stockholm-based Ericsson cracked our top ten list Friday with a $1 billion mega-settlement that landed at number two.… Continue Reading
Why are new companies still landing on the Top Ten List?
Richard L. Cassin
March 15, 2019
The world has now lived with the FCPA for more than 40 years and with hyper-enforcement for more than a decade. By now you’d think everyone on earth has learned about the risks of non-compliance.… Continue Reading
DOJ indicts Karimova for taking $866 million in bribes
Harry Cassin
March 7, 2019
The DOJ unsealed charges Thursday against an Uzbek telecom exec and the daughter of the former Uzbek president for their roles in an $866 million bribery and money laundering scheme.
Gulnara Karimova, 46, was charged with conspiracy to commit money laundering, the DOJ said. … Continue Reading
Russian telecom pays $850 million to resolve FCPA offenses
Harry Cassin
March 6, 2019
Russia’s biggest mobile phone company will pay $850 million in penalties to the DOJ and SEC to resolve FCPA violations, the SEC and the company said Wednesday.
MTS agreed to the SEC’s order finding that it violated the anti-bribery, books and records, and internal accounting controls provisions of the FCPA and will pay a $100 million penalty to the SEC.… Continue Reading
MTS reserves $840 million for FCPA settlement
Richard L. Cassin
November 26, 2018
Alexey Kornya, MTS president and CEORussia’s biggest mobile phone company said it reserved $840 million to resolve a possible FCPA enforcement action by the DOJ and SEC.
Moscow-based MTS said it is cooperating with an investigation by U.S.… Continue Reading