Foreign Corrupt Practices Act

Ad Giant WPP Fined $19M for FCPA Violations
Risk & Compliance

Ad Giant WPP Fined $19M for FCPA Violations

The SEC says the company failed to properly supervise subsidiaries in foreign countries, resulting in bribery and other illicit schemes.
By Matthew Heller | September 24, 2021
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Herbalife Fined $123M Over China Bribe Scheme
Risk & Compliance

Herbalife Fined $123M Over China Bribe Scheme

U.S. authorities say the company paid off Chinese governmental officials to win favorable treatment in one of its largest markets.
By Matthew Heller | August 31, 2020
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Alexion Fined $21M in Foreign Corruption Probe
Risk & Compliance

Alexion Fined $21M in Foreign Corruption Probe

The SEC says the biotech firm made improper payments to Turkish and Russian officials to secure favorable treatment for its main drug.
By Matthew Heller | July 3, 2020
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Cardinal Health Fined $8M for FCPA Violations
Risk & Compliance

Cardinal Health Fined $8M for FCPA Violations

The SEC says Cardinal employees made improper payments to boost the sales of a skincare company whose products they were distributing in China.
By Matthew Heller | March 2, 2020
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Ericsson to Pay $1B in 2nd-Largest FCPA Case
Risk & Compliance

Ericsson to Pay $1B in 2nd-Largest FCPA Case

“Through slush funds, bribes, gifts, and graft, Ericsson conducted telecom business with the guiding principle that ‘money talks.'"
By Matthew Heller | December 9, 2019
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DOJ Lays Out a Path to Reduced Corporate Penalties
Risk & Compliance

DOJ Lays Out a Path to Reduced Corporate Penalties

A new Justice Department policy gives defense counsel a framework for winning reduced monetary penalties for fiscally poor client companies.
By David McCann | November 14, 2019
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IFF Discloses ‘Improper Payments’ by Israel Unit
Risk & Compliance

IFF Discloses ‘Improper Payments’ by Israel Unit

The flavorings giant says its investigation indicates senior officials of Frutarom were aware of the payments to customers in Russia and Ukraine.
By Matthew Heller | August 7, 2019
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Microsoft Invests $1B in Artificial Intelligence Startup
Technology

Microsoft Invests $1B in Artificial Intelligence Startup

The company is partnering with Elon Musk’s OpenAI to build artificial intelligence that can tackle tasks that humans can do.
By Lauren Muskett | July 23, 2019
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Fresenius Medical Fined $231M in Bribery Probe
Risk & Compliance

Fresenius Medical Fined $231M in Bribery Probe

The German medical device company allegedly paid $31 million in bribes to doctors and public health officials in at least 17 countries.
By Matthew Heller | April 1, 2019
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Cognizant Settles Foreign Bribery Charges
Risk & Compliance

Cognizant Settles Foreign Bribery Charges

The company allegedly paid bribes when it was building a campus in Chennai, India.
By Lauren Muskett | February 15, 2019
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Internal Controls Violations in Cyber-Fraud Cases?
Risk & Compliance

Internal Controls Violations in Cyber-Fraud Cases?

The SEC takes the position that public companies must assess and calibrate internal accounting controls for the risk of cyber frauds.
By Howard Scheck | November 15, 2018
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SEC Enforcement Actions Plummet
Risk Management

SEC Enforcement Actions Plummet

The top U.S. securities regulator eased up on enforcement actions against public companies in the second half of fiscal year 2017.
By Vincent Ryan | November 16, 2017
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Halliburton Hit for $29.2 Million in FCPA Case
Strategy

Halliburton Hit for $29.2 Million in FCPA Case

The big oil-services company falsified books and records and violated internal accounting controls in Angola dealings, the SEC charges.
By David McCann | July 27, 2017
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Executives Investigated Under FCPA Can Fear Less
Strategy

Executives Investigated Under FCPA Can Fear Less

Altering an unwritten policy, the DOJ eases pressure on companies to fire executives involved in FCPA wrongdoing.
By Alice Hsieh and Daniel Patrick Wendt | January 9, 2017
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General Cable Fined $75M for Foreign Bribery
Risk & Compliance

General Cable Fined $75M for Foreign Bribery

The SEC alleges the company generated more than $51 million in illicit profits by bribing government officials in Africa and Asia.
By Matthew Heller | January 3, 2017
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