The US Securities and Exchange Commission on 28 September also cited the Belgium-based global brewer for impeding a whistleblower.
Analogic, a Massachusetts-based medical and security imaging company, has been tallying up legal costs for shareholders since self-disclosing potential FCPA violations in 2011.
28 September 2016: In today’s news round-up, plaintiffs say their discovery dispute with hedge fund Och-Ziff Capital Management is no closer to being resolved, and a software company reports an isolated FCPA-related incident.
Paul Haynes, a lead investigator at the World Bank’s Integrity Vice Presidency, described how companies could be considered for a declination at the 15th Annual Compliance and Ethics Institute in Chicago.
Christopher Nasson, a former federal prosecutor in Brooklyn and Kentucky, has joined K&L Gates as a partner in its government enforcement practice in Boston, the firm announced on 26 September.
27 September 2016: In the latest FCPA news, the DOJ investigates potential misconduct at UK bank Standard Chartered, and Marsh launches an insurance product for chief compliance officers targeted by regulators.
Companies that try to divert culpability away from top executives by handing over evidence on lower level employees risk going down an “extremely dangerous” path, the chief of the fraud section in the DOJ’s criminal division has said.
26 September 2016: In the latest FCPA news, compliance officers should study the declinations issued to Harris Corporation, says the company’s lawyer, and ATM business Diebold reports additional FCPA-related costs.
Mary Butler, deputy chief of the Justice Department’s asset forfeiture and money laundering section, was forced onto the back foot during the annual IBA last week after criticism from foreign lawyers about the reach of US corruption prosecutions across the globe.
In arguing that Siemens monitor reports should not be released under FOIA, the Justice Department has appeared to contradict its own public statements, 100Reporters, a non-profit news organisation, has said.
Just Anti-Corruption is launching FCPA Counsel Tracker, which details who has been advising companies on DOJ declinations, past settlements and current investigations, as well as who's been taking up monitorships.
The US Department of Justice has argued it is “normal and regular” to prosecute foreign nationals who commit misconduct abroad by applying conspirator and accomplice liability under US criminal law, in a brief filed 9 September.
By bringing charges under the FCPA’s accounting provisions, the US government circumvented what may have been a potentially weak set of facts for alleging that a South American airline committed a substantive foreign bribery offence, lawyers from Morrison & Foerster say.
Nearly five years after being charged by the SEC for bribing officials in Macedonia, three former executives of Magyar Telekom may finally get their day in court – although, that’s not exactly what they had hoped for.
The lawyer who represented Deutsche Bank trader Matthew Simpson in his US$8.25 million whistleblower claim has described seeing the bank fined on the basis of his client’s testimony as an “out-of-body experience”, in an interview with Just Anti-Corruption.
Disclosing monitor reports from a 2008 FCPA settlement with Siemens would cause the German conglomerate commercial harm because competitors could copy the company’s compliance programme without incurring the same costs, the Justice Department has argued.