World Bank anti-corruption officials are unsure about how to refer corruption allegations to law enforcement authorities, after a recent Canadian case threatened the organisation's ability to operate independently from local laws.
The Department of Justice’s Yates Memo risks discouraging cooperation by companies, the US Chamber of Commerce has argued in a white paper heavily criticising the policy.
Contrary to what many defence lawyers believe, the IRS has indicated there are strict limits on when a company can claim that an SEC disgorgement payment is tax deductible.
25 May 2016: In the latest FCPA news, a US steel company's subsidiary is caught up in the Petrobras bribery investigation, and a Swiss bank is penalised in the 1MDB case.
Sean O’Shea, a New York white-collar defence lawyer, has given up his own firm of 20 years and moved to Boies Schiller & Flexner as partner to work on larger cases.
The Justice Department found soccer confederation Conmebol, which has recently switched law firms, uncooperative during the Fifa-tied bribery investigation, according to sources close to the case.
24 May 2016: In the latest FCPA news, Parker Drilling sheds a three-year deferred prosecution agreement (DPA) with the Justice Department, and the US Treasury Department’s Financial Industry Regulatory Authority (FINRA) sanctions a former compliance officer for failing to implement anti-money laundering controls.
The way a company answers a particular question during so-called Filip factor presentations can be a “real sign” of the effectiveness of its compliance programme, the Justice Department’s criminal fraud section chief said on 23 May.
23 May 2016: In the latest news round-up, a Florida appeals court refuses to stay the arbitration of a fee dispute between Quinn Emanuel Urquhart & Sullivan and former PetroTiger CEO Joseph Sigelman, and a US networking technology company settles an FCPA-related whistleblower lawsuit brought by a former in-house lawyer.
20 May 2016: In the latest news round-up, South American soccer governing body Conmebol swaps legal representation and a report by non-profit Global Witness sparks uproar in Liberia.
One part of the Justice Department’s proposed anti-corruption legislation could be unconstitutional, say lawyers, because the law does not make clear what crimes it intends to cover.
The Justice Department is hiring new Foreign Corrupt Practices Act unit prosecutors on two-year contracts, suggesting the recruitment drive is being funded from corporate fines.
Deputy US Attorney General Sally Yates defended the department’s new policy on individual white collar-crime prosecutions at a conference today just after her predecessor appeared on a panel and picked it apart.
An insurer initially declined to cover the FCPA defence costs of a real estate company by effectively claiming the subpoenas issued by US authorities concerned an investigation into US retail chain Wal-Mart, court documents reveal.
The Securities and Exchange Commission may at times prefer that companies avoid sharing certain information with overseas law enforcement authorities, an FCPA lawyer for the agency said on 3 May.
Canada’s highest court has ruled that the World Bank does not have to turn over documents from a corruption investigation into construction company SNC-Lavalin to defendants fighting related foreign bribery charges.