The insider view on the FCPA enforcement landscape
US prosecutors and a federal judge tried to ensure Naeem Tyab would serve his three-year prison sentence in a minimum-security “prison camp”, but the Bureau of Prisons ultimately decided he was ineligible as a “deportable alien”.
In an interview with GIR, Michael Culhane Harper emphasised the importance of the DOJ’s relationships with foreign partners in bribery investigations.
Other recent developments include: a former Fifa official who served five years for his role in a commercial bribery scheme, has asked for his conviction to be vacated and a former programme manager for an adoption agency imprisoned for a foreign bribery scheme has been granted compassionate release.
DOJ officials announced a new initiative to boost the FCPA Unit's cooperation with foreign authorities and discussed what companies can do to score cooperation credit.
The former risk director of the Ecuadorian public pension fund who admitted to taking bribes in exchange for improper business advantages saw his sentence reduced by almost a third for his cooperation.
The DOJ dismissed charges against a Uruguayan banker accused more than five years ago in a money laundering case tied to Venezuela’s troubled state oil company. His lawyer told GIR the case …
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Lawyers say the continued downturn in new cases at the SEC’s foreign bribery unit could be related to DOJ guidance on self-disclosure and sanctions.
A new DOJ policy allows companies to avoid prosecution by swiftly reporting misbehaviour uncovered in the M&A process. But lawyers say they’re unsure how broadly the policy will benefit businesses given certain caveats outlined by the DOJ.
The chemical producer’s willingness to withhold bonuses from 16 employees likely helped it avoid harsher consequences for engaging in an extensive bribery scheme in Asia, lawyers told GIR.
At a GIR conference in New York City, lawyers discussed how companies and defence counsel can deal with privilege and constitutional disputes that arose from a foreign bribery case against two Cognizant executives.
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