In response to her company’s ongoing FCPA issues, Panalpina CEO Monika Ribar said, “[i]t is not easy being under investigation for two years, and [the FCPA investigation] is not making the situation any easier.”
Mike Koehler discusses the recent release by the OECD of “the most comprehensive guidance ever provided to companies and business organizations by an international organization” on internal controls, ethics and compliance programs to combat bribery.
The FCPA Professor analyzes the latest developments in the BAE case, which include the “bribery yet bribery” case leaving the U.S. and heading across the pond to the U.K.
The seemingly minor case involving Telecommunications D’Haiti (“Haiti Teleco”) keeps on giving. The recent plea by Jean Fourcand is the most recent news in a case in which the DOJ has cast a wide net.
Today, the DOJ announced the indictment of 22 “executives and employees of companies in the military and law enforcement products industry” for scheming to bribe foreign officials in the “largest single investigation and prosecution against individuals in the history of DOJ’s enforcement of the FCPA.”
By Michael Koehler, CCI Featured FCPA Columnist
The Energy Security Through Transparency Act of 2009 (S. 1700), while however noble its intended purpose, is akin to “swatting a fly with a bazooka.”
In this Friday’s edition of Compliance News Headlines, Texas businessman Allen R. Stanford has been charged by the SEC with carrying out an $8 billion fraud, Bank of America chief executive Ken Lewis receives a subpeona, and ITT settles bribery charged with the SEC.
Integrity Interactive has released the Top 12 List of Corporate Ethics and Compliance Concerns for 2009. Topping the list for 2009 are anti-bribery requirements and conflicts of interest and gifts.
Siemens AG has been charged with bribery and corruption by the U.S., and has agreed to settle the charges by paying $800 million, in addition to other penalites. Siemens AG violated anti-corruption and anti-bribery laws by paying $1.36 million in bribes.
