Last year, we saw more enforcement actions brought against individuals than ever (up to 34, depending on how you’re counting), and a record number of convictions secured after trial (three). The cost of violating the FCPA continued to skyrocket.… Continue Reading
Despite well-documented missteps in Germany and South Korea, the late 2000s were a dynamic time for Walmart’s expansion efforts worldwide. Beginning with forays into Canada, Mexico and the UK in the mid-90s, by 2015 Walmart International had become an empire unto itself, operating in 26 countries and accounting for over a quarter of the retail giant’s net sales.… Continue Reading
The Senior Director for Global Anti-Corruption Compliance at Walmart Inc. was nominated by President Trump Monday to serve as a judge on the U.S. District Court for the Eastern District of Arkansas.… Continue Reading
Walmart Inc. agreed Thursday to pay the DOJ and SEC $282 million to settle allegations that it violated the Foreign Corrupt Practices by paying an intermediary in Brazil for help obtaining construction permits and having weak anti-corruption internal controls in Brazil, China, India, and Mexico.… Continue Reading
Walmart Inc. said in an SEC filing that it’s paying the chair of its audit committee $90,000 in extra compensation because of the workload created by the company’s ongoing FCPA investigation.… Continue Reading
The DOJ Friday charged the founder of Theranos Inc. and the company’s former chief operating officer with defrauding investors, doctors, and patients with phony claims about supposedly disruptive blood-testing technology.… 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
Wal-Mart Stores, Inc. said in an SEC filing Thursday that it has set aside $283 million for a possible FCPA resolution with the DOJ and SEC.
Walmart said ongoing settlement talks with the agencies have “progressed to a point where” it can “now reasonably estimate a probable loss,” according to the SEC filing first posted Thursday by FCPA Tracker.… Continue Reading
An aspect of ISO 37001 that makes it such a big topic is that it is marketed as a standard that can be audited and certified.