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Leading white-collar investigators form corporate monitorship association

Leading white-collar investigators form corporate monitorship association

February 23, 2017, GIR

Lawyers including Joe Warin and Bart Schwartz are on the board of a new organisation that aims to open up the use of corporate monitorships, which are an increasingly standard feature of enforcement settlements worldwide.

DOJ quietly releases compliance guidance, but stops short of offering concrete benchmarks

DOJ quietly releases compliance guidance, but stops short of offering concrete benchmarks

February 22, 2017, Just Anti-Corruption

Lawyers say that the DOJ’s new guidance contains common sense principles that companies are probably already considering in their compliance programmes.

Lennox’s internal FCPA probe spreads to Poland

Lennox’s internal FCPA probe spreads to Poland

February 22, 2017, Just Anti-Corruption

Lennox International, the heating and air conditioning product manufacturing company that in October voluntarily disclosed to US authorities a suspect US$475 payment in Russia, has now expanded its internal investigation to operations in Poland.

Citi settles South Africa forex probe

Citi settles South Africa forex probe

February 22, 2017, GIR

Citigroup will pay a 69 million rand (€5 million) fine to resolve its role in South Africa’s foreign exchange rigging investigation, days after the country’s competition enforcer referred a host of banks to the country’s Competition Tribunal alleging they fixed the exchange of the US dollar/rand currency pair.

2017: What’s coming up?

2017: What’s coming up?

February 22, 2017, GIR

With enforcement agencies around the world ramping up the fight against economic crime, and a new, unpredictable US government, 2017 is set to be a tumultuous year. In December 2016 we invited six leading lawyers from the UK, Germany, the US and Hong Kong to give their predictions on what will be the big issues for investigations specialists over the coming 12 months.

US rejects Venezuelan state oil company’s victim claim in FCPA case

US rejects Venezuelan state oil company’s victim claim in FCPA case

February 21, 2017, Just Anti-Corruption

The US Department of Justice has argued that a subsidiary of Venezuelan state oil company PDVSA is not a victim of a bribery scheme because it was complicit in the wrongdoing.

Engineering company reports internal Brazilian bribery probe to DOJ

Engineering company reports internal Brazilian bribery probe to DOJ

February 21, 2017, Just Anti-Corruption

McDermott International, a US engineering company, has said it has voluntarily contacted the DOJ about an internal investigation tied to allegations made by a former employee at Brazil’s state-controlled oil company, Petrobras.

FCPA Docket: Austria gives greenlight for Firtash extradition

FCPA Docket: Austria gives greenlight for Firtash extradition

February 21, 2017, Just Anti-Corruption

In today’s news round-up, an Austrian appeals court has granted a request by US authorities to extradite Ukrainian billionaire Dmitry Firtash on corruption charges, and Sidley Austin hires a former SEC director.

GIR Live DC – in pictures

GIR Live DC – in pictures

February 21, 2017, Just Anti-Corruption

Photos from GIR Live DC, which was chaired by Kathryn Atkinson at Miller & Chevalier and Laurence Urgenson at Mayer Brown and held on 16 February at Covington & Burling in Washington, DC.

GIR Live DC: data leaks and the DOJ pilot programme

GIR Live DC: data leaks and the DOJ pilot programme

February 21, 2017, GIR

Companies may be able to qualify for credit under the DOJ’s one-year pilot programme, even if they do not voluntary self-disclose wrongdoing to the authority, said panellists at GIR’s second annual Washington, DC conference.

ASIC continues fight against individuals in Oil-For-Food investigation

ASIC continues fight against individuals in Oil-For-Food investigation

February 21, 2017, GIR

The Australian securities enforcer has appealed against a court decision absolving a former Australian Wheat Board executive of responsibility for alleged UN sanctions breaches.

GIR launches the Enforcement Scorecard 2017

GIR launches the Enforcement Scorecard 2017

February 20, 2017, GIR

From BP to Bank of America, the Enforcement Scorecard reveals the who, what, why, when and where of the world’s 100 largest corporate penalties.