One of the world’s biggest shipbuilders agreed Friday to pay $75 million in total penalties to resolve criminal FCPA offenses in Brazil.… Continue Reading
Barclays PLC paid the SEC $6.3 million Friday to settle FCPA offenses related to the hiring of relatives of public officials in Asia.
The British bank disgorged $3.8 million and paid a $1.5… Continue Reading
When trying to determine how to allocate compliance resources across Asian markets, the more developed and mature markets such as Malaysia, South Korea, Japan and Thailand are often given only residual attention because they are deemed fairly easy places to operate in.… Continue Reading
United Technologies Corporation agreed Wednesday to pay the SEC $13.9 million to resolve charges that it violated the FCPA by making illicit payments in its elevator and aircraft engine businesses.
United Technologies subsidiary Otis Elevator Co.… Continue Reading
The Justice Department said Monday it won’t prosecute a UK engineering firm for possible FCPA and money-laundering violations.
The UK Serious Fraud Office charged two former employees of an instrument and monitoring company over corrupt payments to South Korean officials.
Dr. Cansun Guralp, founder of Güralp Systems Limited, and Andrew Bell, managing director, conspired to make corrupt payments to a public official and employee of the Korea Institute of Geoscience and Mineral Resources (KIGAM), the SFO said Friday.… Continue Reading
The Paris 2024 Summer Olympics present an historic opportunity for the Olympic Movement, the French compliance industry, and the global anti-corruption effort. In a brief two-year span — 2016 to 2017 — three extraordinary events converged:
• The International Olympic Committee formalized a new policy of contractually obligating host cities and their Olympic organizations to adopt anti-corruption and human rights compliance;
• At the same time, France was enacting its landmark anti-corruption compliance law, Sapin II, and a corporate human rights obligation, the Duty of Vigilance Law, heralding a new era for France’s compliance industry; and
• The IOC selected Paris to host the 2024 Games, inviting France to set the standard for Olympic corruption and human rights compliance.… Continue Reading
After two hours of driving through undeveloped Korean countryside, the image upon arriving at the Olympic skiing venues is quite startling: the surrounding ridges are dotted with technologically advanced, energy-generating windmills.… Continue Reading
Traditionally known as an economic “Asian tiger,” South Korea may now be an anti-corruption tiger. It’s landmark Kim Young Ran Act, and the aggressive enforcement actions of the last year, distinguish the country as a leader in the global anti-corruption movement.… Continue Reading
The Olympic Games, which open today, have become a powerful symbol in the global anti-corruption movement. They lay bare the worldwide human tendency to abuse entrusted authority for private gain. But so too do they highlight the emergent global resolve to address it and the myriad tools now at our disposal.… Continue Reading
Friday’s conviction of Lee Jae-yong, the de facto head of South Korea’s flagship Samsung conglomerate, marked yet another dramatic step in the country’s anti-corruption revolution.
The third-generation leader of Samsung, Mr.… Continue Reading