There are currently six banks with open disclosed FCPA-related investigations.
The UK Serious Fraud Office brought criminal charges Tuesday against Barclays Plc and four individuals for offenses allegedly committed when the bank sought huge loans from sources in Qatar during the 2008 financial crisis.… Continue Reading
The former governor of Rio State, Sergio Cabral, was arrested in November on corruption charges. He was accused of taking bribes from construction companies. One of the contracts under investigation involved the renovation of the Maracana stadium ahead of the 2014 FIFA World Cup and 2016 Olympic Games.… Continue Reading
The International Bar Association (IBA) is holding a panel discussion entitled: “FIFA & the World Cup: Is the Era of Impunity for Corruption and Widespread Human Rights Violations Coming to an End?” … Continue Reading
Tampa, Florida-based engineering and construction firm PBSJ Corporation agreed Thursday to pay $3.4 million for violating the Foreign Corrupt Practices Act by paying bribes and employing foreign officials to win Qatari government contracts.… Continue Reading
Coca Cola said it is concerned about how FIFA is handling its investigation into corruption allegations involving winning bids by Russia and Qatar to host the 2018 and 2022 World Cups.… Continue Reading
At the Cambridge Symposium on Economic Crime at Jesus College Tuesday, David Green QC, the head of the UK Serious Fraud Office, described what he called a cross section of the SFO’s current caseload.… Continue Reading
The UK Serious Fraud Office could decide “as soon as next month” whether to charge former Barclays executives over undisclosed payments the bank made to Qatar’s sovereign wealth fund in 2008, when the Bank was trying to raise money during the credit crunch.… Continue Reading
Qatar’s World Cup 2022 organizing committee denied allegations that it bribed FIFA officials to win the right to host the world’s biggest single sporting event.
The committee said in a statement Sunday that it “always upheld the highest standards of ethics and integrity in its successful bid.”… Continue Reading
On July 2, in the case of American Petroleum Institute v. SEC, the U.S. District Court for the District of Columbia vacated an SEC Dodd-Frank rule mandating that certain companies publicly disclose payments made to foreign governments in connection with the commercial development of oil, natural gas, or minerals. … Continue Reading