Trend Results : Foreign Corrupt Practices Act

Blog Post Results (1-20 of 134)


How to reform the Foreign Corrupt Practices Act

That is the topic of my latest Bloomberg column, here is an excerpt: Like it or not, this law is not going away — and there are some good reasons to have it. The U.S. has been the world leader in taking on corruption, and we shouldn’t give up that position without a fight. There […] The post How to reform the Foreign Corrupt Practices Act appeared first on Marginal REVOLUTION.

New FCPA Corporate Enforcement Policy at DoJ

3 months agoIndustries / Law : Overlawyered

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

Don't Call It the 'Rosenstein Memo,' but DOJ Just Revised Its FCPA Guidance. Here's What to Know.

Five things to know about new guidance from the U.S. Department of Justice on enforcement of the Foreign Corrupt Practices Act.       

Uber Under Federal Investigation For Alleged Bribery, Violations Of Foreign Corrupt Practices Act

The DOJ is investigating to see if Uber bribed foreign officials to stay in business. [ more › ]

My, How Things Have Changed!

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

An Illegal Investment With A Huge Potential Pay-Off

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 Agrees To Pay $264 Million Fine For 'Sons And Daughters' Hiring Program In China

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.

I'm Sure This Is Fine

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.

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

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

2 years agoIndustries / Law : Overlawyered

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

3 years agoIndustries / Law : Overlawyered

“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.

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