Siemens…The Year After
FCPA columnist Mike Koehler takes a one-year retrospective look back at the largest and most high-profile FCPA matter since the law was enacted in 1977.
FCPA columnist Mike Koehler takes a one-year retrospective look back at the largest and most high-profile FCPA matter since the law was enacted in 1977.
The Justice Department is stepping up enforcement of the FCPA, with over 120 FCPA investigations currently underway including Sun Microsystems and Royal Dutch Shell. Siemens AG was recently punished with a hefty fine for FCPA violations.
By Thomas Fox — FCPA Compliance Attorney
The year 2009 is shaping up to be a watershed year in Foreign Corrupt Practices Act (FCPA) compliance investigations and enforcements. This article will review the current state of FCPA investigations and enforcement actions and provide guidance to companies to help navigate in this time of heightened FCPA sensitivity.
A new article by Rick Steinberg discusses global corporate culture issues that are facing companies today. He provides an expanded definition of corporate culture, plus the impact that both good and bad corporate cultures can have on companies.
The United States is helping to lead a worldwide crackdown against corporate crime. The U.S. is currently embroiled in a recession and financial crisis that has been brought about, in part, by “fraud scandals and weak government oversight,”
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.
