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.
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.
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......
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).
In what is being called the largest-ever foreign bribery resolution with the Department of Justice, a French power and transportation company today pleaded guilty to violating the Foreign Corrupt Practices Act and agreed to pay a record $772 million fine.
Eight years ago, there was much handwringing over the plan. Such as, won’t this violate the Foreign Corrupt Practices Act and lead to an extremely embarrassing criminal investigation one day? And, how we will make sure that the brain-dead...Show More Summary
Gunmaker Smith & Wesson has agreed to pay $2 million to settle with the Securities and Exchange Commission over allegations the company violated the Foreign Corrupt Practices Act. The SEC said employees and representatives of the company,...Show More Summary
With convictions secured in Britain for bribing public officials, there is already enough evidence for U.S. authorities to pursue News Corp. under the Foreign Corrupt Practices Act.
Categories: Commentary, Public Sector, Supplier Management, Supplier Risk and Compliance Management Tags: Incendiary Tidbits This is the second in a two-part series on the Foreign Corrupt Practices Act, Part 1 of which we published yesterday. Show More Summary
Categories: Commentary, Public Sector, Supplier Management, Supplier Risk and Compliance Management Tags: Incendiary Tidbits Does the following sound like you? You have clients or prospects in the public sector overseas. You do business...Show More Summary
The Department of Justice official overseeing enforcement of the Foreign Corrupt Practices Act is leaving government to join Morrison & Foerster LLP as a partner, the firm announced Monday.
Charles Duross, who led the Justice Department's unit that enforces the Foreign Corrupt Practices Act, is joinng the law firm of Morrison & Foerster as the head of its global anti-corruption practice.
While you may not have had to deal with the Foreign Corrupt Practices Act ("FCPA") at your firm, now that you are in-house counsel, complying with the FCPA can be your day-today reality. While the prohibitions of the FCPA regarding payment/gifts to foreign government officials, or government owned/funded entity, as......
Mexico and Brazil have received special attention from the U.S. Department of Justice since October as the agency seeks to gain strong partners in its fight against transnational bribery through the Foreign Corrupt Practices Act, Deputy Attorney General James Cole...
By Don Dion: According to the New York Times, JPMorgan Chase (JPM), headed by chairman, president and CEO James "Jamie" Dimon, clandestinely hired Lily Chang at $75,000 a month to help improve the bank's clout in China. Who Is Lily Chang? The story has a fascinating element to it that would thrill a Hollywood script writer. Show More Summary
Charles Duross, the deputy chief of the U.S. Justice Department's Foreign Corrupt Practices Act Unit, delivered an ominous message Monday to in-house lawyers at the Association of Corporate Counsel's Annual Meeting in Los Angeles: Failure to report potential bribery is...
What's wrong with a little bribery in the name of pursuing profit?
The Polish Central Anti-Corruption Bureau and U.S. agencies are investigating potential violations of the Foreign Corrupt Practices Act by an employee of an indirect subsidiary of Hewlett-Packard in Poland, the company said in a filing Monday. Show More Summary
Juniper Networks shares fell 5.6 percent on Friday to $20.92 after the vendor revealed that it is under investigation for possibly violating U.S. Foreign Corrupt Practices Act.