Bolstering Anti-Corruption Efforts in Africa While there have been enforcement actions against large multinational companies who have paid bribes while doing business in Africa, enforcement seems to be from foreign governments against these companies. There have been few cases where the host country prosecuted multinationals for paying bribes, given they don’t have jurisdiction over the companies. Instead, Africa has largely...
Companies engaged in cross-border commerce are uncertain about how the use of Bitcoin and other cryptocurrencies may heighten the risk of noncompliance with the Foreign Corrupt Practices Act (FCPA) and other anti-fraud and corruption regulations. Consider what risks may arise and what controls might be needed to keep an aspiring but misguided employee from successfully executing a payoff without being...
The second installment of this two-part series from FCPA expert Matteson Ellis discusses several notable features of Mexico’s National Anti-Corruption System (the SNA). Companies doing business in Mexico should bone up on the SNA, as its implications could be broad. Organizations that could stand to bolster their compliance programs ought to do so now.
Organizations doing business in Mexico well do well to remain up to speed on the country’s National Anti-Corruption System (the SNA). Mexico remains one of the highest-risk jurisdictions in the Americas, an ignoble distinction it’s held for several years. The SNA is, therefore, a welcome development to organizations unwilling to participate in the corruption so prevalent in the region.
The Department of Justice and Securities and Exchange Commission were especially aggressive this year in bringing FCPA enforcement actions. There were several major enforcement actions brought last year, and each pointed to systemic corruption and ineffective leadership.
The Department of Justice and Securities and Exchange Commission continued their stunning run of 2016 FCPA enforcement actions right up to the end of the year with the announcement of the resolution of the General Cable Corporation enforcement action. The fines and penalties paid by General Cable were not insignificant -- and there are lessons learned for today's compliance professional.
Case Highlights Growing Trend in Collaborative Enforcement This article by Bracewell white-collar attorneys details the resolution of parallel investigations by U.S., U.K. and Brazilian authorities. Rolls-Royce’s long-running scheme to bribe government officials across the globe in exchange for government contracts has resulted in a record enforcement action. Learn about what this could mean for future investigations. By: Phil Bezanson, Glen...
An FCPA Year in Review The DOJ and SEC brought a record number of FCPA enforcement actions in 2016, and the Asia-Pacific region played a significant role in that milestone. Companies doing business in this region amassed nearly one-third of all FCPA enforcement actions. Wendy Wysong details 10 of the most significant ones here. By: Wendy Wysong and Montse Ferrer...
What the New Era Means for Compliance Want to know what the government’s priorities are? One telltale sign is resource allocation. In 2016, the DOJ allocated more resources to the FCPA Unit, and – no surprise here – the expectation was improved performance. As a result, 2016 was a banner year for FCPA enforcement, and 2017 will probably follow suit....
Despite the occasional high-profile FCPA investigation, we’ve seen an overall downward trend in FCPA violations. This could be attributable largely to a broader awareness of the FCPA among LatAm corporations. According to results from the 2016 Latin America Corruption Survey, awareness of the FCPA is up. Matteson Ellis details the findings.
A nation long known for its hard stance against corruption, Chile has been rocked by recent political scandals – a national embarrassment and the primary reason the public’s confidence in the government has taken a nosedive. Early in 2015, President Michelle Bachelet established a council to fight corruption, and the impact is already being seen.
Founded in 2010, CCI is the web’s premier global independent news source for compliance, ethics, risk and information security.
Got a news tip? Get in touch. Want a weekly round-up in your inbox? Sign up for free. No subscription fees, no paywalls.
© 2024 Corporate Compliance Insights
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |