On March 12, President Trump issued an executive order blocking the biggest tech merger in history for fear that Broadcom Ltd “might take action that threatens to impair the national security of the United States.”… Continue Reading
In the fall of 2013, the FCPA Blog published my series Cameo Corruption, which focused on the potential use of film roles as something “of value” that could be improperly offered to influence foreign officials.… Continue Reading
A new phase has begun in the maturation of China as an economic superpower, an era that President Xi Jinping has taken to calling “the new normal.”… Continue Reading
China’s State Council has fired one of its senior advisors for allegedly helping Qualcomm Inc. in an anti-trust probe in exchange for $975,000 in consulting fees.
Zhang Xinzhu (pictured), a researcher at the Chinese Academy of Social Sciences and an advisor to the State Council’s Anti-Monopoly Commission, was fired on August 12 for “violating work discipline,” according to a report Monday by the China Compliance Digest.… Continue Reading
Qualcomm Inc, the world’s biggest mobile chipmaker, could face a FCPA enforcement action over alleged bribery to officials in China’s state-owned firms, the company disclosed in an SEC filing Wednesday.
Qualcomm said it received a Wells Notice on March 13 from the SEC’s Los Angeles Regional Office that recommends an enforcement action against the company for bribery in China.… Continue Reading
Qualcomm said this week it has stepped up a review of its FCPA compliance, while the DOJ and SEC continue to investigate the company.
San Diego-based Qualcomm hasn’t identified what business units or countries are involved or the amounts of any alleged sensitive payments.… Continue Reading
San Diego-based Qualcomm Incorporated updated its FCPA disclosure last week. It first disclosed in January that a whistleblower complaint triggered an investigation.
Qualcomm provides wireless technology and services. Revenues last year were about $15 billion.… Continue Reading