In 2017, Brazil played a big role in global anti-corruption enforcement. During the year, the largest leniency agreement in Brazil's history was signed, and the second largest was ratified by the Brazilian courts.
HSBC Holdings Plc agreed Thursday to pay $101.5 million to resolve a DOJ criminal investigation into rigged currency transactions that hurt two of its institutional clients.
The UK Serious Fraud Office said Thursday it has opened a criminal investigation into Chemring Group PLC and a subsidiary for bribery, corruption, and money laundering.
In November the Shenzhen Institute of Standards and Technology awarded the first ISO 37001 Anti-Bribery Management System certificate in China, an important milestone in the country's persistent fight against corruption.
2017 proved to be a blockbuster year for the FCPA and anti-bribery and corruption (ABC) enforcement at large.
An ombudsman for the Financial Conduct Authority said the agency should apologize to a former Royal Bank of Scotland employee after it revealed his name during a whistleblower investigation in 2013.
Most people in the West share the belief that we all have a right to our own opinions, and a right to act on those opinions. We call it pluralism. But is Western-style pluralism always best?
In the prior post, we talked about the new law in Argentina that will enter into force in March 2018 that creates corporate liability for bribery. The post covered the coverage and application of the new law, which offenses trigger corporate liability, standards of liability, and defenses.
The Office of the Israel’s Tax and Economic Prosecutor announced Monday that it has reached a Conditional Agreement with Teva Pharmaceuticals Industries Ltd. with respect to the bribery issues Teva resolved with U.S. authorities in 2016.
A former co-president of a Maryland-based company that transports nuclear materials to customers in the United States and abroad was charged with bribing an official connected to Russia’s State Atomic Energy Corporation.
The arrest of Hong Kong's former home secretary, Patrick Ho, for allegedly bribing Africa officials on behalf of a Chinese energy company, has triggered accusations that America uses FCPA enforcement to promote a political agenda.
What is the cost of a corruption scandal? It has been known for some time that such costs could include investigative and remediation costs, any fine or penalty and post-resolution costs such as those to deal with a monitorship or ongoing remediation. Or the financial hit for stock market listed companies could also come into play.
Since 2001, private Italian companies have been encouraged -- through legislative initiatives -- to adopt and implement robust compliance programs. Legislative Decree No. 231 of June 8, 2001 (commonly referred to as “Law 231”) allows private companies that chose to adopt specific compliance programs and mechanisms to avoid corporate liability where certain offenses are committed in the interest of the corporation by its directors or employees.
Companies from the oil and gas industry have disclosed 28 open and ongoing FCPA-related investigations.
Writing from 2018, it seems rather unnecessary to keep opening academic articles on corruption by introducing the reader to its social, political, and economic significance—the phenomenon is today so ingrained in popular scholarly thought that there is hardly an individual who needs to be convinced about the position of society at large in regards to public and private malfeasance.
Peru welcomed the new year by enacting into force Law 30424, which introduces corporate criminal liability applicable to bribery.
Any company doing business abroad is going to face corruption risk. Businesses have a responsibility to know where those risks are and to decide how to confront them.
On December 1, the Argentine government enacted Law 27.401, which will enter into force in March 2018. We were deeply involved in the drafting and debate of the statute. In this post and the next one, we'll summarize some of the key features of the new law.