Find out how a three-time convicted FCPA violator, ABB, managed to avoid having a monitorship imposed.
A Win for Compliance
ABB FCPA Resolution
What’s in this whitepaper from Tom Fox:
Tom Fox digs into the recently announced DOJ resolution with Swiss construction company ABB over accusations that it violated the FCPA. Simple enough, right? Maybe not so much, as a closer inspection of ABB’s history reveals it’s now a three-time violator, something one would assume the feds wouldn’t look too kindly on.
In this case, though, ABB managed to avoid having a monitorship imposed, and the monetary fines it received weren’t exactly heavy. So, how did ABB receive such a positive outcome? Radical transparency, says Fox.
“… [As] bad as ABB’s conduct was during this period, perhaps even more impressive was its conduct after it uncovered the bribery and corruption,” Fox writes. “Although ABB did not self-disclose the conduct before it was made public, the company ‘demonstrated intent to disclose the misconduct promptly to the department.'”
Learn more about the U.S. government’s resolution with ABB and what it might mean for future FCPA violators.
