Topic: Voluntary disclosure

Do companies have a moral duty to self-report to the SFO?

Companies in the UK aren’t required to report their misconduct to the Serious Fraud Office, but a recent high court judgment concluded that a company has a moral obligation to do so, argue Herbert Smith Freehills partners Brian Spiro, Rob Hunt and senior associate Jessica Chappatte.

03 May 2022

Freight company settles with OFAC for $6 million

OFAC said Toll Holdings’ compliance measures “failed to keep up with the pace and complexity of its growing operations”.

25 April 2022

Mining industry companies settle Cuba sanctions breaches

OFAC has fined a Colorado-based mining company and an equipment distributor in Florida for acquiring explosives originating from Cuba for use at a Suriname gold mine.

22 April 2022

FinCEN issues kleptocracy warning highlighting Russian corruption

19 April 2022

Fired Fresenius GC files lawsuit over whistleblower claims

The former top US lawyer at Fresenius claims he was dismissed last month for reporting concerns about bribery, corruption and embezzlement at the German medical company.

13 April 2022

OFSI reveals fine of payments company over Russian sanctions breaches

Details of the penalty were published after the company dropped a legal challenge that could have yielded valuable insights into OFSI’s working practices for UK sanctions lawyers.

22 February 2022

Ericsson reveals “corruption-related misconduct” in Iraq

The Swedish telecoms company disclosed the results of a 2019 internal investigation into its business practices in Iraq ahead of planned media coverage on the subject.

16 February 2022

Foster Wheeler statement of facts details uncovered corruption schemes

Swiss engineering company Foster Wheeler chose not to alert law enforcement agencies despite three separate internal investigations uncovering suspected bribery in Nigeria, Saudi Arabia and Malaysia.

07 February 2022

Güralp chairman opens investigations-focused consulting business

“Being the CEO of a company that discovers bribery is very lonely; it would have been good to meet someone like myself who had that experience,” said Christopher Potts, who led Güralp to a foreign bribery settlement in 2019.

03 February 2022

FC Barcelona hands fraud findings to Spanish prosecutors

01 February 2022

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