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
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
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
During the first calendar quarter there were two corporate FCPA enforcement actions, including Airbus — the biggest FCPA resolution of all time.… Continue Reading
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
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 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
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
Stockholm-based Ericsson cracked our top ten list Friday with a $1 billion mega-settlement that landed at number two.… Continue Reading
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
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
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
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
Minnesota-based MTS Systems Corporation said Monday that FCPA investigations related to China and Korea are complete and the DOJ and SEC aren’t bringing enforcement actions.
The company’s disclosure was posted by FCPA Tracker Monday.… Continue Reading