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EU unveils plans for scaled-down public prosecutor’s office

EU unveils plans for scaled-down public prosecutor’s office

March 10, 2017, GIR

Longstanding plans to create a pan-European public prosecutor’s office to investigate cross-border crime have finally been given the go-ahead after EU leaders reached a compromise deal.

FCPA pilot programme will continue past April, says acting criminal division chief

FCPA pilot programme will continue past April, says acting criminal division chief

March 10, 2017, Just Anti-Corruption

The acting assistant attorney general of the criminal division on 10 March said the US Department of Justice was still deciding whether to renew its one-year Foreign Corrupt Practices Act pilot programme, but that the self-reporting scheme would continue in the meantime.

DOJ official: FCPA pilot programme may dissuade some companies from self-reporting

DOJ official: FCPA pilot programme may dissuade some companies from self-reporting

March 10, 2017, Just Anti-Corruption

The head of the US Department of Justice’s Foreign Corrupt Practices Act unit on 9 March responded to critics of the team’s one-year leniency programme, saying prosecutors recognised that it may discourage some companies from self-reporting foreign bribery misconduct.

FCPA Docket: Rex Tillerson stands up to Trump on foreign bribery enforcement

FCPA Docket: Rex Tillerson stands up to Trump on foreign bribery enforcement

March 10, 2017, Just Anti-Corruption

In today’s news round-up, the secretary of state reportedly defends the Foreign Corrupt Practices Act and the Ninth Circuit rules on whether employees who report misconduct internally are protected by Dodd-Frank’s whistleblower provisions.

GCs welcome new compliance guidance, but question FCPA pilot programme

GCs welcome new compliance guidance, but question FCPA pilot programme

March 09, 2017, Just Anti-Corruption

General counsel from a number of large multinational companies gave their verdict on the Justice Department’s Foreign Corrupt Practices Act pilot programme and new guidance on corporate compliance, during a white-collar conference in Miami.

Magic Circle firm representing two banks vying for France's first DPA

Magic Circle firm representing two banks vying for France's first DPA

March 09, 2017, GIR

Lawyers have told GIR that a UK firm is currently negotiating deferred prosecution agreements with French prosecutors on behalf of both HSBC and UBS, in what is likely to be the first such deal since the introduction of the country's new anti-corruption law.

ZTE used lawyers as “a mouthpiece to lie”

March 09, 2017, GIR

The US Commerce Department's decision to bar ZTE from accessing the US market was a turning point in the investigation of the Chinese company, which had consistently provided false information to its external counsel and to government investigators in earlier stages of the probe, a US official says.

DOJ Criminal Division deputy: we’re good at cross-pollinating across sections

DOJ Criminal Division deputy: we’re good at cross-pollinating across sections

March 09, 2017, GIR

If a section within the DOJ's criminal division issues new guidance, it applies to the entire division, the acting deputy chief for the division said.

Companies missing SEC message on stifling whistleblowers

Companies missing SEC message on stifling whistleblowers

March 08, 2017, Just Anti-Corruption

Businesses are still inadvertently requiring employees to agree to confidentiality clauses that may be in violation of the SEC’s whistleblower anti-retaliation rules, a PwC partner has warned.

EU authorities join forces against Volkswagen

EU authorities join forces against Volkswagen

March 08, 2017, GIR

The Netherlands is to lead a joint EU enforcement action against Volkswagen to ensure European customers affected by the car-maker’s emissions scandal are compensated like their US counterparts.

FCPA Docket: SBM Offshore, Zimmer Biomet and a New Yorker article

FCPA Docket: SBM Offshore, Zimmer Biomet and a New Yorker article

March 07, 2017, Just Anti-Corruption

In today’s news round-up, Just Anti-Corruption lists SBM Offshore’s external counsel for a reopened foreign bribery probe and Zimmer Biomet is appointing a new monitor.

China’s ZTE fined US$1.2 billion over US sanctions violations

China’s ZTE fined US$1.2 billion over US sanctions violations

March 07, 2017, GIR

Chinese telecoms equipment manufacturer ZTE has agreed to plead guilty and pay a US$892 million penalty, with a further US$300 million suspended fine, over allegations the company breached US laws restricting the sale of technology to Iran and North Korea.