Foreign Corrupt Practices Act News
April 25, 2013
FCPA Professor | April 25, 2013
Non-prosecution and deferred prosecution agreements (NPAs, DPAs) are the most troubling and toxic feature of our criminal justice system relevant to business organizations.
April 24, 2013
WSJ.com Risk & Compliance Journal | April 24, 2013
Enforcement of the Foreign Corrupt Practices Act and other anti-corruption laws and regulations is a reason for optimism that fraud of the type that led to the Ralph Lauren Corp. settlement with the U.S. government will decline, said one longtime anti-money laundering advocate.
April 23, 2013
Corporate Counsel | April 23, 2013
The juggernaut that is enforcement of the Foreign Corrupt Practices Act appeared to get off to a slow start this year: depending on how one classifies cases, there was either zero or one enforcement action taken in the first quarter of 2013, according to the latest report from Miller & Chevalier.
National Law Journal | Subscription Required | April 23, 2013
Apparel company Ralph Lauren Corp. has agreed to give up $700,000 in profits to resolve bribery allegations, marking the U.S. Securities and Exchange Commission's first nonprosecution agreement involving Foreign Corrupt Practices Act misconduct.
April 22, 2013
FCPA Professor | April 22, 2013
One year ago, the New York Times ran a major story titled “Vast Mexico Bribery Case Hushed Up by Wal-Mart After Top-Level Struggle.” The conduct at issue in the Times article related to Wal-Mart’s largest foreign subsidiary, Wal-Mart de Mexico (Wal-Mart Mexico), and suggested that Wal-Mart Mexico “orchestrated a campaign of bribery to win market dominance” and that the entity “paid bribes to obtain permits in virtually every corner” of Mexico.
April 18, 2013
FCPA Professor | April 18, 2013
While the ATS and Foreign Corrupt Practices Act are separated by 188 years in terms of enactment, the statutes have often being viewed by some as siblings, or at least distant cousins within the same family.
April 15, 2013
Main Justice | Subscription Required | April 15, 2013
As recently as February, Panamanian police were closing in on Jald Jensen, a former sales manager at BizJet International Sales Inc., and prosecutors believed a successful extradition was enticingly close.
April 12, 2013
FCPA Professor | April 12, 2013
The U.S. intervenes, I disagree, I agree, and say what. It’s all here in the Friday roundup.
April 11, 2013
Wall Street Journal | April 11, 2013
The Federal Bureau of Investigation keeps its word. Would-be white collar criminals would be wise to bear that in mind, it appears. Court documents unsealed last week show that a former executive of a U.S. subsidiary of the Lufthansa Group went undercover as part of a U.S. investigation into bribes paid abroad by that unit.
April 9, 2013
Main Justice | Subscription Required | April 9, 2013
Foreign bribery enforcement has been disappointingly low in countries like Canada, Australia, France, Spain, the Netherlands, Sweden and Japan, according to Nicola Bonucci, director of legal affairs for the Organization for Economic Co-operation and Development.
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