Swedish telecom Ericsson agreed Friday to pay the DOJ and SEC over $1 billion in one of the biggest Foreign Corrupt Practices Act enforcement actions ever.… Continue Reading
The world has now lived with the FCPA for more than 40 years and with hyper-enforcement for more than a decade. By now you’d think everyone on earth has learned about the risks of non-compliance.… Continue Reading
What law firms and lawyers represented the companies on our latest Top Ten List in connection with their FCPA resolutions?
Russian telecom MTS joined our Top Ten list last week at number three. It knocked Och-Ziff off the list, and that means nine of the ten biggest FCPA cases of all time now involve non-U.S.… Continue Reading
Brazil’s state-owned energy giant entered into the biggest FCPA settlement in history Thursday after the DOJ and SEC assessed penalties and disgorgement totalling $1.78 billion.
Last week police in Malaysia arrested former prime minister Najib Razak after seizing $273 million of loot from his houses and condos.
Prosecutors think Najib and his wife bought the loot with money stolen from Malaysia’s sovereign wealth fund, 1MDB.… Continue Reading
During the second calendar quarter, there were five corporate FCPA enforcement actions.
The settling companies paid a total of $985 million for the resolutions.
Last week the Department of Justice reminded us that the FCPA remains a force to be reckoned with. And for the second time in as many years, I’ve taken to my keyboard to remind the world that, despite so many hopes and predictions, FCPA enforcement is not dead.… Continue Reading