Continuing to focus an unblinking eye on the Asia Pacific region, U.S. anti-corruption enforcement authorities resolved 10 investigations in 2011 against companies operating in that region under the Foreign Corrupt Practices Act (FCPA). This may not be a surprise considering the corruption risk ranking that many Asia Pacific countries share, according to Transparency International (Indonesia [...]
This article originally appeared on Professor Koehler’s FCPA Professor website (www.fcpaprofessor.com) and is reprinted with his permission. This article provides a summary of FCPA enforcement actions and FCPA-related events from fourth quarter of 2011. For similar summary articles for the rest of 2011, follow the links regarding Q1, Q2 and Q3. As to enforcement actions, this post covers [...]
Thomas Fox recounts a recent story about the Office Depot president’s experience as a mystery shopper to highlight the importance of in-person compliance training. Nothing beats getting out into the field.
Last week, the Securities and Exchange Commission instituted a cease and desist order again Watts Water Technologies Inc. and one of its employees, Leesen Chang.
Compliance nuts and bolts expert Thomas Fox examines the FCPA violations and goes over the lessons learned from the this event.