A UK-based drill-rig operator said in an SEC filing Tuesday that a U.S. investigation into alleged corruption in Brazil has ended, with both the DOJ and SEC saying they won’t bring enforcement actions.… Continue Reading
In a filing with the Securities and Exchange Commission Tuesday, UK-based Ensco plc said its customer Petrobras has cancelled the contract for a drillship because of alleged payments to Petrobras employees.… Continue Reading
A survey by Saudi Arabia’s National Anti-Corruption Commission found that 67.8 percent of the respondents believe financial and state corruption is on the rise in the country.
Osman bin Salih al-Amir, a lecturer at Ha’il Teachers College, told Press TV the results also “show that 92.1 percent of Saudi nationals hold nepotism responsible for the spread of corruption in their country.”… Continue Reading
The DOJ agreed last week to end Pride International’s deferred prosecution agreement a year early to reward the company for its enhanced compliance efforts.
The SEC’s Office of the Whistleblower (yes, it’s real) published its first list of enforcement actions that might be eligible for whistleblower rewards. It includes FCPA-related cases.
On the November 1 list — under the heading of ‘Claim an Award’ — are completed enforcement actions against companies and people that resulted in judgments or orders issued after July 21, 2010 with sanctions of more than $1 million.… Continue Reading
In the latest top ten FCPA settlements of all time, eight are from 2010 and eight also involve non-U.S. companies.