Law: Foreign Corrupt Practices Act 1977 (USA)

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

SEC investigating Ericsson over undisclosed Iraq material

The Swedish telecoms company has said it will fully cooperate with the US Securities Exchange Commission.

10 June 2022

Hewlett Packard Enterprise executive appointed Fraud Section chief

Lorinda Laryea will step in as the acting chief until Glenn Leon officially takes the position.

07 June 2022

Judge dismisses Cognizant legal fees dispute over bribery defence

Case over allegedly fraudulent fees must proceed in Delaware, a Manhattan district judge ruled.

07 June 2022

Tenaris to pay $78 million to SEC to resolve FCPA allegations

The business paid millions in bribes to a Brazilian official, using a shell company it controlled, according to the US Securities and Exchange Commission.

03 June 2022

FCPA Docket: Martinelli forfeiture, Millicom cooperates in DOJ probe

The Martinelli brothers were ordered to forfeit $18 million each in bribery scheme; Millicom says it’s working with the DOJ on an investigation about its operations in Guatemala.

31 May 2022

Glencore pays more than $1 billion in four-agency resolution

The Swiss commodities trader admitted paying bribes throughout Africa and South America in resolutions with four agencies in the US, UK and Brazil. Corruption probes in Switzerland and the Netherlands, however, continue.

25 May 2022

Adoption agency boss given jail time

The case also considered whether defunct companies may assert privilege to protect documents from discovery.

23 May 2022

Martinelli brothers get three years for Odebrecht

The sons of former Panama president Ricardo Martinelli will also pay a fine of $250,000 each for their role in Latin America’s highest profile bribery scheme.

23 May 2022

Goldman Sachs, bank executives reach settlement with shareholders

The bank will receive almost $80 million from insurers on behalf of current and former Goldman Sachs executives to enhance its compliance programmes.

16 May 2022

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