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Political Law Fri Dec 15 2017 16:08:00 GMT+0000 (UTC)
WHERE THE PARTY'S AT -- Two former employees of Louisiana-based IberiaBank were awarded more than $2.3 million Friday when the bank settled allegations that its mortgage unit made false claims for federal loan guarantees.
Job Title: Legal and Compliance Program Manager Employer: Masimo Location: Irvine, California USA
Since Trust Across America began our annual reporting in 2013, every “Top Ten” list has outperformed the S&P 500 on a one-year basis. That's true again for 2017, as we reported this week.
Job Title: Regional Ethics and Compliance Manager - EMEA Employer: Orica UK LTD Location: London, United Kingdom
The FCPA Blog's post Wednesday about important cases mentioned Telia, Siemens, TSKJ, The Africa Sting, and U.S. v. Kay. For the reasons set out in the post, those are all good candidates. But for me, hands down, the most important case is Siemens.
FCPA investigators routinely face obstacles to gathering data from non-company email and messaging apps. In particular, such communications are often not stored on company devices, and where files exist, they may be encrypted or otherwise difficult t
Job Title: FCPA Compliance Counsel Employer: Panasonic Avionics Location: Lake Forest, California USA
Since the FCPA became law in December 1977, the DOJ has brought about 300 enforcement actions. Which one is the most important?
Hard on the heels of the publication of the Paradise Papers and its predecessor the Panama Papers, comes the European Union’s unveiling of its list of non-cooperative tax jurisdictions. The member states have joined forces to compile a list
I worked during four years in Telia Company as Chief Ethics and Compliance Officer, leading the Ethics and Compliance (E&C) work up to the DPA in September 2017.
In Deputy Attorney General Rosenstein’s recent announcement of a new FCPA Policy, he highlighted three hallmarks of a Policy effective compliance program: fostering a culture of compliance; dedicating sufficient resources to compliance acti
Companies often ask me to record video for internal training. They want real-world stories of corruption and commerce which they can embed into an existing on-line anti-bribery compliance training.
Job Title: Senior Attorney/ Managing Counsel, Ethics and Compliance Employer: Total S.A. Location: Houston, Texas USA
Rob Gruppetta, Head of the Financial Crime Dept. at the FCAArtificial intelligence will always be a "work in progress" in fighting money laundering and won't entirely replace humans and their intuition, a top UK regulator said.
Anti-bribery and corruption due diligence should be conducted on cross-border transactions. The prospect of successor liability alone makes performing such due diligence a requirement for corporate acquirers answering to boards and shareholders, and
The Financial Industry Regulatory Authority barred a New York-based broker for churning the account of a blind elderly widow and recommending unsuitable investments.
The former general manager of Volkswagen AG’s U.S. Environment and Engineering Office was sentenced Wednesday to 84 months in prison for helping VW cheat on diesel emissions tests and covering up the scheme.
Cravath partner David M. Stuart I recently spoke with David M. Stuart, one of the attorneys who represented Telia Company AB, a Sweden-based telecommunications provider that settled violations in September for a grand total of $965 million in financi
The European Union Tuesday named 17 countries and territories to its first-ever blacklist of tax havens.
The Argentine Congress approved a new law last month that criminalizes corporate bribery and corruption and imposes requirements for compliance programs.
A broker formerly owned by the insurer AXA UK Plc was fined Wednesday for failing to disclose that it wasn't independent but instead had a business strategy to sell AXA products.
The Securities and Exchange Commission Tuesday awarded more than $4.1 million to a former company insider who alerted the agency to "a widespread, multi-year securities law violation."
The World Bank Group said Tuesday it debarred a Paris-based manufacturer of power transmission line insulators for two years for corrupt practices in connection with a project in Africa.
There are currently twelve companies based in London with disclosed open FCPA-related investigations and eight companies based in Houston.
Communicating the outcomes of investigated cases will encourage confidence in the Speak Up process. But how far can and should companies go in discussing internal failures and describing how raising concerns promptly avoided greater damage occurring?
When I was in the Federal Prison Camp at Lewisburg, I had a lot of time to read. I finished sixty-five books in sixty-two weeks.
Deputy Attorney General Rod Rosenstein’s announcement of a permanent expansion of the Department of Justice Foreign Corrupt Practices Act “Pilot Program” is good news for companies that repeatedly faced the dilemma of wh
Job Title: Director, Compliance Counsel Employer: Netflix, Inc. Location: Los Angeles, California USA
FCPA practitioners welcomed Rod Rosenstein’s announcement that the Department of Justice has made the FCPA Pilot Program permanent, and incorporated it into the U.S. Attorneys’ Manual. In the words of one of my colleagues, the aud
Image courtesy of IdemiaThe World Bank Group said Thursday it debarred Oberthur Technologies SA for two and a half years for bribery and corruption.
The UK Serious Fraud Office charged two former executives of Dutch oil services firm SBM Offshore NV for allegedly funneling bribes to officials in Iraq through intermediary Unaoil.
The Securities and Exchange Commission Thursday announced awards of more than $8 million each to two whistleblowers who helped the SEC bring a successful enforcement action.
It has been a common practice for SEC-registered companies with international operations to include FCPA enforcement as a "risk factor" that investors should consider before buying the company's securities.
Not all conflicts of interests lead to illegal conduct. But undisclosed connections between third-party suppliers and employees are a gateway to corruption and fraud. The best way to uncover conflicts of interests and harm flowing from them is throug
Dutch oil services company SBM Offshore NV agreed Wednesday to pay a criminal penalty of $238 million to resolve FCPA offenses in Brazil, Angola, Equatorial Guinea, Kazakhstan, and Iraq.
Tom Schoenberg of Bloomberg reported this morning that the DOJ will convert the Pilot Program to a permanent guideline to encourage companies to self-report possible violations of the FCPA in return for leniency.
A federal court granted a preliminary injunction to stop bogus academic journals and their owner from hiding publishing fees from authors and lying about peer reviews.
Having recently toughened up its anti-bribery laws, China is now aiming to expand its oversight of corruption in the public sector, possibly leading to increased enforcement efforts against both domestic and foreign companies.
Mehmet Hakan AtillaThat question was posed in a New York Times story about the start of the trial of Mehmet Hakan Atilla, which began Monday in New York City with jury selection. The case involves allegations money-laundering, corruption and evasion
Six pharmas have disclosed open FCPA-related investigations.
The Geneva-based private banking unit of HSBC entered into France's first deferred prosecution agreement Tuesday under the country's new anti-corruption regime.
The FCPA is both a confession, and a conviction. We confess that corruption is not somebody else’s problem; it’s our problem. We do not point a finger; we look in the mirror.
Job Title: Manager, Global Compliance Communication & Training Employer: Boston Scientific Location: Marlborough, Massachusetts USA
The Financial Industry Regulatory Authority fined J.P. Morgan Securities, LLC $1.25 million for failing to conduct proper background checks on 8,600 new employees.
Recently U.S. Senator Robert Menendez joined the (growing) list of politicians who have managed to beat back corruption charges despite engaging in ethically questionable behavior.
Chi Ping Patrick Ho (aka Patrick Ho)The former Hong Kong home secretary indicted in the United States for allegedly bribing Africa officials on behalf of a Chinese energy company set up an anti-corruption NGO in Hong Kong last year.
Job Title: Sr Compliance Officer – Latam Anti Bribery Employer: Citigroup, Inc. Location: Tampa, Florida USA
The former compliance director of an Indiana compounding pharmacy pleaded guilty Wednesday to introducing adulterated drugs into interstate commerce and then covering up the offenses by obstructing the Food and Drug Administration.
Job Title: Manager, Compliance Systems & Operations, and Data Analytics Employer: Edwards Lifesciences Location: Irvine, California USA
The opposite of agreement isn't disagreement, it's confusion. Until we fully understand what the other person is talking about, we can't join them in a discussion about it. Without a discussion, we can't really know if we agree or disagree. We can on