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Join the Securities Litigation and Enforcement Group on LinkedInUK opens probe into BAT bribery scam – Daily Nation
UK authorities have opened investigations into claims that British cigarette maker BAT ran a systematic bribery syndicate in Nairobi aimed at stifling anti-smoking laws and collecting business intelligence on rivals. The investigation is expected to thrust into the limelight top Kenyan officials named in the scandal, including former Justice minister Martha Karua and ex-Trade minister […]
SFO joins bribery probe of Amec Foster Wheeler – The FCPA Blog
The UK Serious Fraud Office has now joined the DOJ and SEC in an investigation of possible overseas bribery by London-based Amec Foster Wheeler plc. The company said in an SEC filing Tuesday the investigation “focuses on the past use of third parties and possible bribery and corruption and related offenses,” according to FCPA Tracker. […]
The Case for Certifying Your Anti-Bribery Program – Lexology
On October 14th, the world’s anti-bribery community celebrated as the finalized ISO 37001 Anti-Bribery Management Systems standard was published. The standard took three years to develop, using input from experts in 56 countries. Companies can now obtain certification that they meet the best practices and regulatory obligations for international anti-bribery programs. The standard can be […]
FBI International Corruption Squads: What are they, and what do they do? – The FCPA Blog
In its December press release announcing the General Cable Corporation settlement, the DOJ also drew attention to its cooperation with the Federal Bureau of Investigation International Corruption Squads. If you’re wondering what these International Corruption Squads are working on, you’re not alone. via FBI International Corruption Squads: What are they, and what do they do? – […]
Rolls-Royce to Pay $817 Million to Resolve Bribery and Graft Inquiries – The New York Times
Rolls-Royce, the maker of jet engines and other power systems, said on Monday that it had agreed to pay $817 million to resolve several long-running bribery and corruption inquiries. The company said that it had reached so-called deferred prosecution agreements with the Serious Fraud Office of Britain, as well as the United States Department of […]
Sweden’s clean corporate image dealt blow with insider trading case | Reuters
Sweden has traditionally been seen as one of the world’s cleanest, least corrupt nations. It ranks third in Transparency International’s corruption perceptions index for 2015. But the Hexagon affair follows a string of scandals among blue-chip companies involving alleged bribery, offshore tax havens and the misuse of corporate money that have dented that image. via […]
Australia’s lax foreign bribery laws sees U.S. clean up on corporate penalties — Independent Australia
The most compelling message from the conference however was that Australia’s corruption laws are sadly inadequate and the U.S. is therefore poised to reap billions of dollars in penalties and settlements at our expense. According to Piper Alderman partner Ted Williams, It only takes one email through a U.S. server, or one capital raising on […]
French Anti-Corruption Law Reform: A Paper Tiger Or A Paradigm Shift? – FCPA Professor
Castigated for its meager prosecution of corporations for corruption offenses, particularly involving conduct overseas, France is currently in the process of revising its anti-corruption framework. A new law, announced with great pomp, will be debated in the French National Assembly in the coming weeks, and may be adopted by summer. This guest post for FCPA […]
Report: Siemens pays $42 million to settle Israel bribe case – The FCPA Blog – The FCPA Blog
Siemens AG agreed to pay the Israeli government about $42 million as a penalty for bribing officials at state-owned Israel Electric Corporation to win a contract to supply turbines fifteen years ago. via Report: Siemens pays $42 million to settle Israel bribe case – The FCPA Blog
Bribery in Scotland – Civil Settlement Under Bribery Act and the Scottish Crown Office | The Anticorruption Blog
On September 25 2015, Brand-Rex Limited, a Scottish network cabling company, entered into a civil settlement with the Scottish Crown Office, admitting that the company had failed to prevent bribery and had received an improper benefit in violation of Section 7 of the Bribery Act 2010, which applies to the whole of the United Kingdom. […]