The Brazilian and US authorities’ potentially conflicting views on whether Brazil’s state-controlled oil firm Petrobras has been a victim or a perpetrator of corruption could mean the US doesn’t receive cooperation on evidence and witnesses from Brazil, lawyers said in response to a presentation at GIR Live DC.
Bernerd Young, a former compliance officer, has told the SEC to reverse its decision that he was liable for fraud, or risk sending out a message that compliance staff will be made scapegoats for corporate misconduct.
US Department of Justice guidelines intended to hold individuals accountable for corporate wrongdoing will not cause prosecutors to bring a greater number of marginal cases, a deputy fraud section chief told GIR Live DC attendees on 9 February.
Our round-up of FCPA news includes former EBRD banker Dmitrij Harder’s ongoing prosecution, the legal wrangling over the release of HSBC’s monitor report, and new SEC appointments at the agency’s Los Angeles office.
The Justice Department will soon publish a list of questions that companies can expect to be asked when being assessed by the criminal division fraud section’s new compliance consultant, Andrew Weissmann said at GIR Live DC on 9 February.
The number of companies reporting potential FCPA violations is a better indicator of the government’s investigative activity than the number and size of Justice Department resolutions, Amy Conway-Hatcher said following her move to Baker Botts.
Federal prosecutors fear Canada may lose ground in its pursuit of foreign bribery if the World Bank is ordered to turn over documents from its investigation into Canadian construction company SNC-Lavalin, according to a newly released transcript of a hearing before the country’s Supreme Court in November.
In the latest round-up of FCPA news, US Democrats seek to instigate a foreign bribery probe into British American Tobacco, and a Manhattan judge denies a diplomatic immunity claim by a suspended deputy UN ambassador accused of helping to bribe a former General Assembly president.
The Department of Justice will use newly hired prosecutors to expedite cases of self-reported foreign bribery, the Criminal Division’s Andrew Weissmann said in an interview in advance of his appearance on Tuesday, 9 February at GIR Live DC.
The SEC on 4 February announced a $12 million administrative settlement with California-based SciClone Pharmaceuticals over allegations the company’s subsidiaries paid bribes to state-employed health care professionals in China.
U.S. District Judge Charles Breyer of the Northern District of California is, in his own words, “not a great fan” of the Foreign Corrupt Practices Act.
In an interview with GIR Just Anti-Corruption, the former New York City mayor said corporate America had gotten the message with respect to bribing foreign officials and should be treated fairly when they discover potential misconduct.
Maria de los Angeles Gonzalez de Hernandez had pleaded guilty to money laundering, violating the Travel Act, conspiring to commit money laundering and conspiring to violate the Travel Act. She was sentenced to time served — 16 1/2 months.
Melinda Haag, the former U.S Attorney for the Northern District of California, said a shift toward equal participation by U.S. Attorney’s offices took place during her tenure.
The 22-month sentence imposed by U.S. District Judge Charles R. Breyer for the Northern District of California is significantly lower than the 60-month sentence former SAP director Vicente Garcia faced as per the guidelines.