Topic: FCPA

Two former NGO heads plead not guilty in Marshall Islands bribery case

Two former heads of a UN-affiliated NGO based in New York were extradited to the US to face bribery and money-laundering charges.

06 September 2022

Olympus gets Mexican healthcare agency’s bribery-related suit thrown out

A Florida federal judge ruled that the Instituto Del Seguro Social sued the medical equipment distributor roughly eight months late.

02 September 2022

FCPA Docket: Ex-Credit Suisse exec hit with $200,000 forfeiture order

A former Credit Suisse executive was hit with a forfeiture order; a medical device company said a whistleblower reported possible FCPA violations in Vietnam and a top employee at a crypto exchange pleaded guilty to wilfully failing to establish a proper anti-money laundering programme.

11 August 2022

Ericsson sued by US military members for financing al-Qaeda, Islamic State

After recently announcing an SEC investigation related to the company’s conduct in the Middle East, the telecommunications company faces a private suit from US military members accusing it of making “protection payments” to Al-Qaeda and the Islamic State.

08 August 2022

FCPA Docket: Chemical business Albemarle in FCPA settlement talks with DOJ

A North Carolina chemicals business said it was in settlement talks with the DOJ and the SEC over possible FCPA violations; A federal appeals court stayed a Houston judge’s order to dismiss a Venezuelan bribery case over jurisdictional issues.

04 August 2022

Former Herbalife exec ordered to pay $550k in SEC bribery case

A Manhattan federal judge ordered the former head of Herbalife’s China to pay $550,000 after failing to respond to a civil suit alleging that he bribed Chinese government officials.

13 July 2022

Texas federal judge dismisses another Venezuelan bribery case on jurisdictional grounds

A Houston federal judge threw out a second case tied to the DOJ’s prosecution of a bribery scheme related to Petróleos de Venezuela SA (PDVSA), Venezuela’s state oil company, on jurisdictional grounds.

12 July 2022

The DOJ “caught a minnow” with ex-Goldman Sachs banker’s trial

Lawyers and experts consider the legacy of the Roger Ng trial and the wider 1MDB investigation for the US and Malaysia.

01 July 2022

DOJ official: compliance certification to be incorporated into every corporate resolution

The Fraud Section’s revamped compliance unit is also continuing to hire, Lauren Kootman said at a panel on Wednesday.

23 June 2022

US Treasury urges Middle East banks to comply with Russia sanctions

A Treasury Department official has warned lenders in the United Arab Emirates about the extraterritorial reach of US sanctions enforcement.

23 June 2022

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