The United States Court of Appeals for the Second Circuit on Thursday affirmed the dismissal of lawsuit filed by a former Siemens compliance officer in China who said the company retaliated against him after he internally reported alleged corrupt sales practices.… Continue Reading
A federal appeals court Wednesday upheld the dismissal of a lawsuit by Mexico’s state-owned oil company that accused Siemens and SK Engineering & Construction of bribing its officials to win refinery refurbishing work.… Continue Reading
Managing corruption has added benefits for a company. In 2010, when faced with hundreds of incidents of bribing government officials across multiple nations, Panalpina, the Swiss leader in logistics, admitted a culture of corruption had emanated from its senior level management who “tolerated bribery as business as usual.”… Continue Reading
Brazil’s Clean Companies Act took effect on January 29. It subjects domestic and multinational companies operating in Brazil to severe civil and administrative sanctions for bribing domestic or foreign government officials.… Continue Reading
The U.S. Treasury Department has notified a former compliance chief at MoneyGram International Inc. that he may face a fine of up to $5 million over the money-transfer company’s previously admitted failures to monitor transactions properly for illicit activity.… Continue Reading
This post, the first of two parts, is based on an article that first appeared in the Magazine of the Deutsch-Amerkanische Juristen-Vereinigung by T. Markus Funk. Mr. Funk is a partner at Perkins Coie specializing in global anti-corruption compliance and internal investigations.… Continue Reading
Three senior executives from state telecom carrier China Mobile Ltd at its Hebei subsidiary are under investigation for corruption.
The Central Commission for Discipline Inspection said the three executives are former general manager of China Mobile’s Hebei branch, Zhang Liande (pictured), and two assistants to the general manager, Ding Zhanwu and Zhang Lei.… Continue Reading
The International Anti-Corruption Academy’s Wittgenstein Villa reminds us to use our time and freedom well. I’m thinking about Siemens (which helps fund the IACA). And I am wondering if an historic reckoning for Wal-Mart could have positive consequences for all compliance officers and the global public.… Continue Reading
The Securities and Exchange Commission filed a “friend-of-the-court” brief on Thursday, arguing that whistleblowers are entitled to protection from employer retaliation, even if they report the wrongdoing only to their employer and not to the SEC.… Continue Reading
A U.S. judge entered default judgments Tuesday against two former executives of Siemens in Argentina in a civil FCPA enforcement action brought by the SEC.
Judge Shira A. Scheindlin ordered Stephan Signer and Ulrich Bock to each pay a $524,000 civil penalty.… Continue Reading