Global Investigations Review - The law and practice of international investigations

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US foreign bribery enforcement receives boost with new SEC payment disclosure rules

US foreign bribery enforcement receives boost with new SEC payment disclosure rules

After a lengthy battle, the Securities and Exchange Commission issued rules on 27 June requiring companies in the extractive industry to publicly disclose payments to foreign governments, increasing FCPA regulatory scrutiny.

FCPA Docket: China looks to the West for enforcement cooperation

FCPA Docket: China looks to the West for enforcement cooperation

29 June 2016: In the latest news round-up, the US Supreme Court’s recent RICO ruling could strengthen the Justice Department’s corruption case tied to Fifa, and China seeks to improve its enforcement cooperation with western countries.

The implications of the Supreme Court’s McDonnell ruling for the FCPA

The implications of the Supreme Court’s McDonnell ruling for the FCPA

A ruling by the US Supreme Court could give defence lawyers leverage to fight back against expansive interpretations of the Foreign Corrupt Practices Act.

FCPA Docket: SEC requires extractive industry to disclose payments over US$100,000

FCPA Docket: SEC requires extractive industry to disclose payments over US$100,000

28 June 2016: In the FCPA news today, the SEC issued its final rules on requiring extraction companies to disclose payments to foreign governments, and Olympus says an internal investigation finds the company did not bribe Chinese officials.

FBI: Target executives to change compliance culture

A senior FBI anti-corruption official has warned that firms’ compliance culture will only change if investigators target corporate executives.

Kaye Scholer partner joins Foley & Lardner in Chicago

Foley & Lardner announced on 23 June that Zaldwaynaka Scott has joined the firm’s white-collar practice in Chicago as partner.

FCPA Docket: Nigeria investigates ExxonMobil oil deal

24 June 2016: In today’s FCPA news, the US Court of Appeals for the Third Circuit rejects Dmitrij Harder’s appeal to have his bail motion reconsidered, and ExxonMobil’s deal to secure access to Nigerian oil reserves is under scrutiny.

Mukasey: Yates Memo aims for ‘bodies swinging from lamp posts’

The former attorney general Michael Mukasey, now counsel at Debevoise & Plimpton, said a recently failed prosecution against the CEO of a medical device company shows the dangers of the Yates Memo.

FCPA Docket: UN bribery defendant John Ashe dies

23 June 2016: In the latest news round-up, the former president to the UN general assembly, John Ashe, dies amid an ongoing bribery case, and lawyers are already looking to utilise the Supreme Court’s recent RICO ruling to their advantage.

Chamber of Commerce lobbied FCPA prosecutors for pilot programme policies

The US Chamber of Commerce lobbied the DOJ criminal division fraud section for policy changes that were later incorporated into the FCPA pilot programme, according to disclosure reports and interviews.

Editor's picks

Debunking the myth: The link between cartels and foreign corruption

Debunking the myth: The link between cartels and foreign corruption

Why hopes in the US of finding a meaningful link between international cartels and foreign corruption are misplaced.

Blunted: The SEC’s disgorgement tool

Blunted: The SEC’s disgorgement tool

An appeals court ruling has weakened the SEC’s ability to demand disgorgement – the main tool the regulator uses to obtain huge sums of money from companies in FCPA cases.

 

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