As I settle back at my desk in Peru, I reflect on my experience last week at the IACA’s Corporate Integrity Training program. Ten years ago I wouldn’t have imagined sharing a room with people from 25 different countries to discuss anti-corruption compliance.… 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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The 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.
Big-pharma Merck said an SEC filing Thursday that the DOJ has closed its FCPA investigation of the company.
Merck first disclosed in 2010 that it received letters from the DOJ and SEC asking for FCPA-related information about its activities in a number of countries.… Continue Reading
Here’s the full FCPA disclosure from the Form 10-K filed by the Hewlett-Packard Company with the SEC on December 27:
The 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.… Continue Reading
The SEC said Thursday that medical device and equipment maker Stryker Corporation will pay $13.2 million to resolve FCPA violations.
Michigan-based Stryker bribed doctors and administrators at government controlled hospitals in Argentina, Greece, Mexico, Poland, and Romania, the SEC said.… Continue Reading
Hewlett Packard said Polish police are investigating some ‘public-sector transactions in Russia, Poland, the Commonwealth of Independent States, and Mexico, among other countries.’
The Polish Central Anti-Corruption Bureau is looking into potential FCPA violations by an employee of Hewlett-Packard Polska Sp.… Continue Reading
IBM said in an SEC filing this week that the DOJ has opened an FCPA investigation into transactions in Poland, Argentina, Bangladesh, and Ukraine. ‘The DOJ is also seeking information regarding the company’s global FCPA compliance program and its public sector business,’ IBM said.… Continue Reading
The Securities and Exchange Commission on Tuesday released its final administrative order against Dutch electronics firm Koninklijke Philips Electronics N.V. reflecting an out-of-court settlement of FCPA-related allegations.
Philips agreed to pay $4.5 million in the settlement, consisting of disgorgement of $3.1 million and prejudgment interest of $1.4 million.… Continue Reading
Minnesota-based Image Sensing Systems said Tuesday an investigation by police in Poland has triggered an FCPA and U.K. Bribery Act investigation.
The developer of traffic enforcement solutions said two employees of its Poland unit have been charged with criminal violations related to a project in the City of Łodź, Poland.… Continue Reading
Indiana-based pharma Eli Lilly said Thursday that although it paid $29.4 million to settle FCPA offenses with the SEC, it believes the DOJ’s longstanding investigation is still open.
The SEC charged Lilly in December last year with bribing government officials in Russia, Brazil, China, and Poland.… Continue Reading