As reported on the FCPA Blog on June 7, in the Commerce Department’s announcement of its settlement with ZTE Corporation, it referred to a requirement for ZTE to “retain a team of special compliance coordinators selected by and answerable to” the Commerce Department for ten years.… Continue Reading
Michaela Ahlberg created a compliance program from scratch when she was hired in 2013 by Swedish telecommunications firm Telia following allegations of corruption in its foreign business dealings.… Continue Reading
A former employee of Southwestern Energy Co. was jailed for 36 months Wednesday after pleading guilty to embezzling nearly $450,000 from her employer and then asking for leniency by faking terminal breast cancer.… Continue Reading
The Sentencing Council in the UK has released new guidelines for how individuals convicted of fraud, money laundering and bribery offenses should be punished.
They will take effect on October 1, 2014.… Continue Reading
After Monday, deferred prosecution agreements (DPAs) will be available to the UK Serious Fraud Office (SFO) in its fight of financial crimes, including corruption.
The SFO has stated that, although DPAs will be “a welcome addition to the prosecutor’s toolkit…,” its “preferred option” remains prosecution.
SFO Director David Green QC emphasized that organizations will have a high bar to reach to receive an offer of a DPA from the SFO.… Continue Reading
Three men charged under the U.K. Bribery Act will appear in a London court Monday.