Topic: Anti-corruption

DOJ recovers $53 million from Nigerian oil industry corruption

The DOJ said it plans to work with Nigeria to use the funds for the benefit of the country’s citizens.

29 March 2023

Ecuadorian pension bribery scheme participant gets 26 months in prison

Luis Álvarez Villamar, an employee of an Ecuadorian investment clearinghouse, was also ordered to forfeit over $3 million in bribes he accepted as part of a scheme centring on control over police pension fund investments.

28 March 2023

Ex-Goldman Sachs banker to forfeit $35 million for 1MDB scheme

Roger Ng will have to forfeit the value of kickbacks he received for his role in the 1MDB scheme in addition to a 10-year prison sentence.

27 March 2023

Brazilian Sembcorp subsidiary under CGU probe

Brazil’s anti-corruption agency is investigating “alleged irregularities” at the local subsidiary of Singapore oil rig construction company SembCorp Marine.

27 March 2023

DOJ official clarifies difference between "immediate" and "timely" self-disclosure

The head of the Fraud Section’s corporate enforcement, compliance, & policy unit also said companies should “embrace” independent monitorships to avoid potential extensions.

24 March 2023

Kenneth Polite: Recent policy announcements not a “sea change”

In a speech on Thursday, the Criminal Division chief also highlighted a pair of past DOJ cases demonstrating what the department views as “extraordinary” cooperation with its corporate investigations.

23 March 2023

German prosecutors raid Mercedes-Benz in corruption probe

The Stuttgart public prosecutor’s office has searched the premises of German car manufacturer Mercedes-Benz as part of a bribery investigation.

22 March 2023

Judge approves Ericsson’s $206 million plea agreement

The company’s plea agreement eliminates the cooperation credit it had been awarded by the DOJ in 2019 for cooperating with an FCPA investigation.

21 March 2023

Latest French guide on internal investigations sparks concern among lawyers

French lawyers are up in arms about recent guidance on conflicts of interest and attorney-client privilege in internal investigations, with one lawyer calling the view on privileged materials “a shocking breach of the rule of law in a western democracy”.

21 March 2023

Behind Brazil’s new administrative settlement tool

GIR looks at a new corporate settlement mechanism in Brazil that provides an alternative avenue for companies in instances where they cannot qualify for a leniency agreement.

21 March 2023

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