Settlements stem from a decade-old scheme to pay $3.8 million in bribes to secure legislation with tax benefits for the São Paulo-based airline One of…
Tenaris pays SEC $78 million to resolve U.S. bribery probes
In order to resolve FCPA violations, Tenaris, a major provider of steel pipes and related services to the energy sector, agreed to pay the SEC…
Former Corsa Coal Exec Slapped with FCPA Charges over Egypt Bribes
If coal weren’t already dirty enough as an energy source, it’s also been an industry which has long attracted unlawful conduct abroad. On Thursday a…
Francis Haugen Slams Nick Clegg for Misleading Meta
Tireless whistleblower Frances Haugen says the wrong man is guiding Mark Zuckerberg in what is being termed a breakthrough revelation. The ex-company executive, who is…
Goldman Sachs Fraudster Bought $300,000 of Luxury Jewelry
Money stolen as part of a scheme by ex-Goldman Sachs bankers to loot a Malaysian sovereign wealth fund was used to make extravagant purchases –…
DOJ Shifts Focus from Foreign Corruption to Transnational Repression
On the heels of the news that the Department of Justice prosecuted a dramatically lower number of cases under the Foreign Corrupt Practices Act in…
Here’s Why So Few Corporations Ask for FCPA Guidance, Preferring to Hide Their Misconduct
A lot of executives and corporations have difficulty understanding the Foreign Corrupt Practices Act, and what sorts of conduct, exactly, would be regarded as standing…
Ericsson Breached FCPA Settlement, Says DOJ
On March 2, Ericsson, the Swedish networking and telecommunications company, reported that the Department of Justice (DOJ) has accused the company of violating its 2019…
How to Avoid Taking Bribes, Despite Immense Social Pressure
Bribe demands place tremendous pressure on employees and company compliance controls, testing resolve and exploiting systemic weaknesses. Compliance officers should work to implement proactive policies…
Due Diligence in Emerging Markets Must Look Beyond the Checklist
The standardization of due diligence processes has done much to advance compliance, but at this point it is also increasing risks, argues Katya Lysova in a…