For at least ten years, Germany’s financial regulator heard detailed complaints from reliable sources about a $2 billion accounting fraud at Wirecard AG but failed to act.… Continue Reading
As enforcement actions against corporate crime grow, so also have coordinated multi-jurisdictional settlements. These are arrangements involving two or more enforcement agencies from different countries wherein the participating agencies agree to cooperate in settling alleged corporate wrongdoing often using common corrective measures.… Continue Reading
Last week’s $1.06 billion blockbuster resolution by Sweden’s Ericsson included disgorgement to the SEC of $540 million. By our count that’s the second biggest disgorgement ever ordered in an FCPA enforcement action.… Continue Reading
Most of us, if we have any sense at all, harbor some healthy distrust of the world’s biggest companies. For good reason we fear the concentrated power of giant corporations. What, after all, is one person compared to the overwhelming might of Facebook, Walmart, or Exxon?… Continue Reading
Only yesterday they were pimply FCPA nerds. But a strange thing happened. They morphed into the cool kids.
Today’s compliance officers are famous and wanted.
Here’s some evidence.
Compliance professionals should exult as a major global concern, Siemens, has named a CCO to its Board of Directors.
Railway Gazette reported that “Sylvie Kandé de Beaupuy, Group Ethics & Compliance Officer of Airbus Group” has been nominated to the combined Board of Directors created from the Siemens Mobility-Alstom merger.… Continue Reading
A former Siemens AG executive pleaded guilty Thursday to conspiring to pay tens of millions of dollars in bribes to Argentine government officials for a $1 billion contract to create national identity cards.… Continue Reading
A former Siemens executive indicted by the DOJ in 2011 for bribing officials in Argentina pleaded not guilty in federal court in New York City Friday.
Eberhard Reichert, 78, a German citizen, was released on bond of $500,000.… Continue Reading
The FCPA Blog’s post Wednesday about important cases mentioned Telia, Siemens, TSKJ, The Africa Sting, and U.S. v. Kay. For the reasons set out in the post, those are all good candidates.… Continue Reading