Trend Results : Corrupt Practices Act

Blog Post Results (1-20 of 142)


How to Assess Corruption, Bribery Risks When Doing Business Abroad

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......

White Collar Watch: Och-Ziff May Face Consequences Beyond Fine in Bribery Case

The hedge fund may encounter collateral consequences and reputational damage after settling charges of violating the Foreign Corrupt Practices Act.

Chairman Jason Chaffetz On The House Hearings Ahead For Team Hillary And FBI

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

US Tech Company Fined $14Mln for Paying Bribes in Russia, Five Other States

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.

IRS Addresses Tax Consequences of Disgorgement Payment

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 Settles with SEC Over China Incentives

8 months agoTechnology / Mobile : Phone Scoop

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

VimpelCom's Landmark Bribery Settlement - By The Numbers

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.

Ensuring Foreign Corrupt Practices Act Compliance While Conducting Business In India

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 [...]

Wal-Mart’s Mexico practices: the sequel

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

Thank goodness this sort of thing doesn’t happen in politics or the media

“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

White Collar Watch: In Bribery Law, a New Tool to Scrutinize Wall Street

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.

Non-Sequiturs: 07.20.15

What do Moe Greene (RIP Alex Rocco) and the Foreign Corruption Practices Act have in common? Beside, of course, trying to stand up to the Godfather... [FCPA Compliance and Ethics Blog] Bet this was a sentence you didn't think you'd read after Scalia's whiny dissent in Obergefell: Scalia may have helped the LGBT cause. Show More Summary

How The FOMC Became Institutionally Corrupt

Submitted by Eugen von Bohm-Bawerk via, The Humphrey-Hawkins Full Employment and Balanced Growth act signed into law by President Jimmy Carter on October 27, 1978, tried to translate into practical reality the right of all Americans to get useful paid employment at fair rates by embracing Keynesian economic theory. Show More Summary

Former Oil Company CEO Charged with Bribery

The Former CEO of PetroTiger Ltd. oil company has admitted to conspiring to bribe a foreign government official in violation of the Foreign Corrupt Practices Act (FCPA), the US Department of Justice announced on Monday.

US Defense Contractor Charged With Foreign Corrupt Practices - SEC

US defense contractor FLIR Systems Inc. has violated the Foreign Corrupt Practices Act by providing presents and financing travel for Middle Eastern countries' government officials, the US Securities and Exchange Commission (SEC) said in a release.

Companies Paid Record Sums to Settle Bribery Probes in 2014

Companies paid more than ever before to settle Foreign Corrupt Practices Act investigations in 2014, the latest sign that bribery enforcement remains hot after all these years.

The FCPA in 2014: A Record Fine, But Little Legal Change

U.S. authorities scored a record-breaking fine as they enforced the Foreign Corrupt Practices Act this year, but lawyers said they didn’t see much of the ballyhooed targeting of individuals in bribery cases.

French Co. Alstom Pleads Guilty, Faces Largest FCPA Fine Ever

Several years ago, the Justice Department announced it was cracking down on violations of the Foreign Corrupt Practices Act, the federal statute that makes it a crime to bribe foreign government officials in order to get business. Last week, the French engineering company Alstom interrupted its Merry Christmas to plead......

Agreement Between Alstom and the U.S. Department of Justice

Alstom has reached an agreement with the U.S. Department of Justice (DOJ) to resolve the investigation into alleged violations of the U.S. Foreign Corrupt Practices Act (FCPA).

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