For a long time we have argued that health care corruption is a major cause of health care dysfunction. We have documented numerous cases in which health care professionals were exposed to or involved in actions, including fraud, bribery (also known as kickbacks), and other corrupt or criminal practices, to which they likely had moral objections. Show More Summary
The Department of Justice has announced a new corporate enforcement policy for the Foreign Corrupt Practices Act; it doesn’t go nearly as far as compliance lawyers and critics of the FCPA might have wanted, though. Commentary by Mike Koehler (“FCPA Professor”) here, here, and here (FAQ). Show More Summary
Five things to know about new guidance from the U.S. Department of Justice on enforcement of the Foreign Corrupt Practices Act.
The DOJ is investigating to see if Uber bribed foreign officials to stay in business. [ more › ]
If you have an intact long-term memory you might remember that back in August of 2016, Hugh Hewitt suddenly emerged as the world's leading lay interpreter of the Foreign Corrupt Practices Act: Foreign Corrupt Practices Act applies to foreign entities and foreign officials. Show More Summary
JPMorgan Chase & Co has agreed to pay a total of $264 million to settle charges that it violated the Foreign Corrupt Practices Act. Payments will be made to the U.S. Securities and Exchange Commission, the Justice Department and theShow More Summary
JPMorgan has agreed to pay $264 million to settle claims of foreign corrupt practice act violations for its hiring of the sons and daughters of government officials in China between 2006 and 2013.
Brazilian prosecutor opens a criminal investigation into pension fund investment in Tump's Rio de Janiero hotel. Remember, there is a Foreign Corrupt Practices Act in the US. I'm sure the FBI is on top of it.
Bribery costs an estimated $1 trillion a year and U.S. companies that engage in bribery abroad can suffer significant financial penalties under the Foreign Corrupt Practices Act. But bribery risks aren't spread out evenly; some areas are corruption hotspots, while others are relatively corruption free. Here are some ways......
The hedge fund may encounter collateral consequences and reputational damage after settling charges of violating the Foreign Corrupt Practices Act.
Were Hillary Clinton’s missing Blackberries backed-up? Who did Sidney Blumenthal talk to that spilled classified information to him, and to whom (besides Clinton) did he give it? Was the Foreign Corrupt Practices Act violated by Bill...Show More Summary
A Danish subsidiary of a company based in the US state of Massachusetts has agreed to pay a $3.4 million fine under the Foreign Corrupt Practices Act (FCPA) for improper payments while selling it ultrasound equipment in Russia and five other nations, the US Department of Justice announced in a press release.
In a recent IRS Chief Counsel Advice Memorandum (“CCA”), the IRS addressed the tax consequences of a disgorgement payment made to the Securities and Exchange Commission for violating the U.S. Foreign Corrupt Practices Act (FCPA).
Qualcomm today agreed to pay the SEC a fine of $7.5 million to settle an investigation being conducted over potential Foreign Corrupt Practices Act (FCPA) violations. The SEC alleges that Qualcomm improperly gave state representatives of China financial benefits including travel, jobs, gifts, and event tickets. Show More Summary
The bribery case against telecom giant VimpelCom takes US Foreign Corrupt Practices Act cases to a new level. The numbers show why it is one of the most significant coordinated international resolutions in the history of the FCPA.
A longstanding federal investigation into allegations of pervasive corruption at Wal-Mart Stores Inc.’s operations abroad has uncovered evidence of bribery in India. The company is suspected to have made relatively small, but extensive payments to local officials in India totaling millions of dollars. The bribes were paid to help obtain [...]
Remember that big New York Times exposé that accused Wal-Mart of massive Foreign Corrupt Practices Act (FCPA)/bribery offenses during its expansion in Mexico? Oops: A high-profile federal probe into allegations of widespread corruption...Show More Summary
“The Securities and Exchange Commission today announced that BNY Mellon has agreed to pay $14.8 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA) by providing valuable student internships to family members...Show More Summary
The S.E.C. and Justice Department are using the Foreign Corrupt Practices Act aggressively to police practices that many might consider standard for financial firms trying to win business.
The violation of the Foreign Corrupt Practices Act hurts too.