‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInFCPA “Tips” Continue To Be A Minor Component Of The SEC’s Whistleblower Program – FCPA Professor
Recently, the SEC released its annual report for FY2021 and, like the prior ten years, FCPA “tips” continue to be a minor component of the SEC’s whistleblower program. Specifically, according to the SEC’s report, of the 12,200 whistleblower tips received by the SEC in FY2021, 258 (2.1%) related to the FCPA. This percentage of FCPA “tips” vs. overall tips […]
Senior DOJ official Daniel Kahn to rejoin Davis Polk as partner | Davis Polk
Davis Polk today announced that veteran prosecutor and senior Department of Justice official Daniel Kahn will join the firm as a partner in the White Collar Defense & Investigations practice in Washington DC. He will focus on representing clients in criminal and regulatory investigations, as well as in civil and criminal trials. Source: Senior DOJ […]
SEC Charges World’s Largest Advertising Group with FCPA Violations
According to the SEC’s order, WPP implemented an aggressive business growth strategy that included acquiring majority interests in many localized advertising agencies in high-risk markets. The order finds that WPP failed to ensure that these subsidiaries implemented WPP’s internal accounting controls and compliance policies, instead allowing the founders and CEOs of the acquired entities to […]
Joe Walker Joins Orrick’s White Collar Team
Orrick announced today that Joe Walker, one of the nation’s leading white collar and regulatory compliance advisers and former U.S. Department of Justice (DOJ) trial lawyer, has joined the firm as a partner in Washington, D.C. Joe is on the short-list of go-to lawyers in guiding companies through complex global government investigations, with particular focus […]
Linklaters hires Richard C. Smith, market-leading trial and white collar lawyer | Linklaters
Linklaters is pleased to announce that Richard C. Smith has joined the firm’s Washington, D.C. office as partner in the Dispute Resolution practice. Richard focuses on complex litigation, white collar criminal defense, and U.S.-centric and transnational corporate internal investigations for public and private companies. He has extensive experience representing corporations and their employees in grand […]
World Acceptance Corporation pays SEC $21.7 million to resolve “bags of cash” FCPA offenses | The FCPA Blog
World Acceptance Corporation agreed Thursday to pay the SEC $21.7 million in penalties and disgorgement to resolve FCPA offenses in Mexico. In an internal administrative order, the SEC charged WAC with violating the FCPA’s anti-bribery, books and records, and internal accounting controls provisions. The consumer loan company agreed to disgorge $17.8 million plus prejudgment interest of […]
DOJ and SEC Release Second Edition of the FCPA Resource Guide | WilmerHale
On July 3, 2020, the Department of Justice (DOJ) and Securities and Exchange Commission released the second edition of the Resource Guide to the U.S. Foreign Corrupt Practices Act (2020 Guide). The 2020 Guide refreshes the prior edition by incorporating significant policies that have been released by the DOJ since the first edition. The 2020 […]
Former Goldman banker accused in foreign bribery scheme | Financial Times
A former Goldman Sachs banker helped pass millions of dollars in bribes to Ghanaian officials to curry favour for his clients’ plans to build an electrical power plant, the Securities and Exchange Commission alleged on Monday. The SEC said in a complaint filed in New York that Asante Berko “took deliberate measures to prevent his employer from […]
FCPA Conviction Verdict of Former Alstom SA Exec. Tossed
On February 26, 2020, Judge Janet Bond Arterton, a federal judge for the District of Connecticut, overturned a former Alstom SA executive’s conviction under the Foreign Corrupt Practices Act (FCPA) relating to a project to build power plants in Indonesia. Judge Arterton found that, despite a jury verdict to the contrary, prosecutors failed to prove […]
Trump Tried to Kill Anti-Bribery Rule He Deemed ‘Unfair,’ New Book Alleges – The New York Times
President Trump wanted to strike down a law that prohibits companies from bribing foreign officials, calling the ban “so unfair” to American companies, two Washington Post reporters recount in a new book. In the spring of 2017, Mr. Trump was at a briefing with Rex W. Tillerson, then the secretary of state, and aides in […]