New List: The FCPA Top 40
Richard L. Cassin
December 12, 2019
Here’s the FCPA Blog’s list of the 40 biggest Foreign Corrupt Practices Act resolutions of all time.… Continue Reading
Editors
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
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
Bill Steinman
Contributing Editor
Correction, Mr. Clayton. Other countries are also acting against international graft
Syed Rahman
November 7, 2019
The chairman of the U.S. Securities and Exchange Commission, Jay Clayton, chose a speech in September to the Economic Club of New York to argue that when it comes to enforcement of anti-corruption laws, the United States is “acting largely alone.”… Continue Reading
What does the inspection of SFO ‘case efficiency’ mean for future enforcement?
Sam Tate and Charlotte Thompson
October 28, 2019
The UK’s HM Crown Prosecution Service Inspectorate has recently published a report on case progression in the Serious Fraud Office.… Continue Reading
Tesco and the future of UK DPAs
Neil O’May
February 26, 2019
The recent acquittal of three former members of Tesco senior management raises important questions for companies about the UK DPA process.
The SFO has also just decided to terminate the investigation into the Rolls-Royce managers after the company had entered into a DPA and accepted fines of $800 million based on the guilt of those same individuals.… Continue Reading
UK ends graft investigations of GSK and individuals at Rolls-Royce
Harry Cassin
February 25, 2019
The UK Serious Fraud Office said Friday it has closed bribery investigations into UK-based GlaxoSmithKline PLC and individuals at subsidiaries of Rolls-Royce Holdings PLC.
SFO director Lisa Osofsky said in a statement there was “either insufficient evidence to provide a realistic prospect of conviction or it is not in the public interest to bring a prosecution in these cases.”… Continue Reading
SFO charges two in Unaoil probe
Richard L. Cassin
November 16, 2017
The UK Serious Fraud Office said Thursday it charged two men in connection with its investigation of Unaoil.
Ziad Akle and Basil Al Jarah were both accused of conspiracy to pay bribes to help Unaoil’s client SBM Offshore NV win contracts in Iraq.… Continue Reading
Five charged, four plead guilty in Rolls-Royce bribes case
Richard L. Cassin
November 8, 2017
The DOJ unsealed FCPA charges against five men Tuesday for a bribery plot to help Rolls-Royce win an equipment contract on a gas pipeline from Kazakhstan to China. Four have pleaded guilty and the fifth man is a fugitive.… Continue Reading
Bill Waite on the SFO: Five More Years!
Bill Waite
September 20, 2017
Almost six years ago I wrote a post for the FCPA Blog called “At The SFO, Green Shoots.” The post was about the appointment of David Green CB QC as the new head of the UK Serious Fraud Office.… Continue Reading
Rahul Rose: When will the UK audit regulator take corruption seriously?
Rahul Rose
August 14, 2017
The Financial Reporting Council is investigating KPMG for failing to spot large-scale bribery at Rolls-Royce. But there are serious questions whether the regulator, which is yet to impose a sanction in a corruption-related case, will carry out a proper inquiry.… Continue Reading
UK enforcement: Charging Barclays is a good first step to ending corporate impunity
Rahul Rose and Sue Hawley
June 22, 2017
Until the SFO announced its charges against Barclays, not a single UK bank or individual had faced criminal prosecution for their role in the financial crisis of 2008.
The financial crisis and the recession that resulted is the root cause of the austerity measures that are causing such deep damage to the UK’s public bodies, including local councils, the National Health Service, fire departments and schools.… Continue Reading
UK investigates KPMG for Rolls-Royce audits
Richard L. Cassin
May 4, 2017
The United Kingdom accounting regulator said Thursday it has opened an investigation into KPMG for audits the firm did for long-time client Rolls-Royce Holdings plc.
The Financial Reporting Council or FRC said its decision to investigate KPMG “follows the SFO announcement on 17 January 2017 of a Deferred Prosecution Agreement between the SFO and Rolls-Royce which relates to offenses including conspiracy to corrupt and a failure to prevent bribery.”… Continue Reading
Rahul Rose on Unaoil: But are agents immune from prosecution?
Rahul Rose
April 24, 2017
There’s a growing sense that agents and intermediaries that facilitate corrupt deals are immune from prosecution in the UK.
The Unaoil case — and it should be stressed that no allegations of corruption against the company have been proven — provides an opportunity to rectify this perception of impunity for intermediaries.… Continue Reading