‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInAirbus pays $4 billion to settle global bribery and trade offenses | The FCPA Blog
Airbus SE paid $4 billion (€3.6 billion) to settle global bribery and trade charges with French, UK, and U.S. authorities Friday after an eight-year investigation triggered by a British whistleblower. Airbus paid French national prosecutor Parquet National Financier (PNF) about €2.1 billion ($2.3 billion). It’s the biggest anti-bribery enforcement action by French authorities. via Airbus […]
SEC Chairman Scolds Weak Anti-Corruption Enforcement Abroad – WSJ
In remarks prepared for delivery in New York on Monday, Jay Clayton said countries that neglect to punish corporate bribery create a two-tiered system that gives their domestic companies a leg up on U.S. firms that face punishment for not following the law. “For the past two plus decades we have vigorously enforced the Foreign […]
Former Alstom UK director jailed for ‘sophisticated’ corruption – The FCPA Blog – The FCPA Blog
A former global sales director for Alstom Power Ltd was jailed for four years and six months Friday for his role in a conspiracy to bribe Lithuanian officials to win two contracts worth $274 million. Nicholas Reynolds, 53, a UK citizen, was convicted earlier this week in the Blackfriars Crown Court in London. He was also ordered […]
Xavier Oustalniol: French enforcement action under Sapin II – The FCPA Blog – The FCPA Blog
There is some recent news from the front lines concerning the Agence Française Anti-Corruption’s and French prosecutor’s actions against companies that violate the French Anti-Corruption Law, Sapin II, and the use of the Convention Judiciaire d’Interêt Public. The Agence Française Anti-Corruption (AFA) published new Convention Judiciaires d’Interêt Public (CJIP) concerning two separate corruption matters involving […]
Risk Alert: Are bribes lurking on the balance sheet? – The FCPA Blog – The FCPA Blog
When choosing transactions to test as part of anti-bribery assessments, the usual suspects include expense accounts like consulting, marketing, promotions, commissions, or miscellaneous. Other expense accounts are selected based on the nature of the company’s business, risk factors or descriptions of the account. But don’t overlook the balance sheet. While it is true that corrupt payments […]
Bribery Probe Follows Muddy Waters Report on Security Firm – Risk & Compliance Journal. – WSJ
U.S. regulators launched an investigation into potential bribery at OSI Systems following a report by a short-seller alleging corruption at the California firm. via Bribery Probe Follows Muddy Waters Report on Security Firm – Risk & Compliance Journal. – WSJ
Feb. 27 Webcast: One Year Later — French Anti-Corruption Law (Sapin II) Update
Please join Xavier Oustalniol, Daniel Kadar and Dominique Layman for this free webcast.
SFO charges two in Unaoil probe – The FCPA Blog – The FCPA Blog
The UK Serious Fraud Office said Thursday it charged two men in connection with its investigation of Unaoil. Ziad Akle and Basil Al Jarah were both accused of conspiracy to pay bribes to help Unaoil’s client SBM Offshore NV win contracts in Iraq. via SFO charges two in Unaoil probe – The FCPA Blog
Italian prosecutor charges Shell and former execs with overseas bribery – The FCPA Blog
The Milan Public Prosecutor’s Office has charged Royal Dutch Shell and four former executives for an alleged plot to pay massive bribes to win oil exploration rights in Nigeria. via Italian prosecutor charges Shell and former execs with overseas bribery – The FCPA Blog
Fixers purged in a crackdown on foreign deals | This is Money
An international crackdown on using fixers who bribe government officials and firms to win foreign contracts has led to major shake-ups at some of Britain’s biggest companies. The Serious Fraud Office and other law enforcement agencies are targeting the actions of middlemen who have been used by UK firms for decades to help set up […]