Topic: FCPA

US charges litigation lawyer with money laundering, wire fraud

The DOJ unleashed a volley of money laundering and wire fraud charges against a litigation and arbitration lawyer. His defence counsel says the DOJ has got it all wrong.

04 December 2020

Vitol pays $164 million in settlement with US, Brazilian authorities

The energy trader is the first company to enter into a coordinated foreign bribery settlement that includes the CFTC.

03 December 2020

SEC official: High-pressure deals are ultimate test of compliance

Charles Cain, chief of the SEC’s FCPA unit, said that high-pressure deals are the ones that really determine how robust a company’s compliance programme is.

02 December 2020

US court unseals guilty plea in trading bribery case

A former official at Brazil’s state-controlled oil company Petrobras admitted to taking bribes from commodity trading companies, according to recently unsealed US court documents.

01 December 2020

Ex-Citgo manager questions DOJ’s instrumentality argument

A foreign bribery case has focused on whether an employee of PDVSA’s US subsidiary is a government official under the FCPA.

25 November 2020

Ex-Goldman Sachs banker attacks DOJ's internal controls theory

A former Goldman Sachs banker charged with foreign bribery in the 1MDB case has said US prosecutors are trying to “radically expand” the definition of the FCPA’s internal accounting controls provision.

23 November 2020

McDermott hires Norton Rose partner

Carlos Ortiz, a former partner at Norton Rose Fulbright currently representing a company in the Fifa corruption case, has joined McDermott Will & Emery as a partner in the firm’s white collar defence practice in New York.

20 November 2020

Lawyers for Och-Ziff bribery victims: “This is a very unique fact pattern”

Wilson Sonsini partners Michael Sommer and Moe Fodeman tell GIR how they secured $138 million in restitution from a US hedge fund in a foreign bribery case.

19 November 2020

Monitorships decline as companies invest in compliance

Lawyers say monitorships are on the decline because companies are better at avoiding them and prosecutors are less keen to impose them. But those lawyers also question whether that trend will continue.

18 November 2020

OECD report offers rare window into FCPA enforcement

The OECD issued a series of recommendations on how the US can fine-tune its efforts to combat foreign bribery. The organisation’s report also offers a rare glimpse into the current state of FCPA enforcement.

17 November 2020

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