Topic: FCPA

Venezuelan sentenced to one year in prison for PDVSA bribery scheme

In 2016, Abraham Jose Shiera Bastidas pleaded guilty to bribing PDVSA officials.

13 October 2022

Fifth Circuit hears arguments in landmark FCPA extraterritoriality case

US prosecutors on Thursday urged the Fifth Circuit to reinstate a bribery and money laundering case brought against a Swiss asset manager in connection with a wide-ranging corruption scheme at Venezuela’s state oil company PDVSA.

07 October 2022

Lawyers uncertain how DOJ corporate enforcement policy update will play out

“Is the language of the policy directionally helpful? Absolutely,” said one practitioner of the Deputy Attorney General’s recent policy announcement. “But ultimately, the core question is: ‘what does the policy mean in practice?’”

05 October 2022

Jacobs Group case creates roadmap for foreign bribery investigations in Australia

A recent decision by an Australian appeal court in a foreign bribery case outlined the sentence discounts companies can expect if they cooperate with corruption probes.

05 October 2022

Former Salvadorean football official sentenced to 16 months in prison

The former president of El Salvador’s football federation will also pay $360,000 for his role in an international corruption scheme that the US has been pursuing for years.

29 September 2022

Oracle reaches second FCPA settlement with SEC

The SEC accused the multinational technology company of using slush funds to bribe officials in India, Turkey and the United Arab Emirates.

27 September 2022

Glencore sentenced to pay $485 million in DOJ market manipulation case

A Connecticut  federal judge imposed terms set forth in a May 2022 plea agreement resolving DOJ allegations that the commodities trader manipulated oil prices.

23 September 2022

Counsel Watch: former US attorney general tapped for cross-border GOL settlement

In the latest counsel watch, GIR looks at the teams acting for Brazilian airline GOL, telecommunications company Ericsson, banks Barclays and Morgan Stanley, and engineering company Jacobs Group in recent white-collar cases.

20 September 2022

Lisa Monaco announces DOJ self-reporting shake-up

The Deputy Attorney General laid out changes to DOJ policies on voluntary self-disclosure, corporate recidivism, compliance monitors and corporate culture.

16 September 2022

Brazilian airline settles bribery probe with SEC, DOJ, local authorities

Carrier GOL Linhas Aéreas Inteligentes is set to pay over $41 million to resolve allegations brought by US authorities and the Brazilian Comptroller General of the Union and Attorney General’s Office in a coordinated settlement.

16 September 2022

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