Foreign Corrupt Practices Act
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.
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.
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.
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.'"
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.
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.
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.
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.
Cognizant Settles Foreign Bribery Charges
The company allegedly paid bribes when it was building a campus in Chennai, India.
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.
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.