Foreign Corrupt Practices Act
Mead Johnson Nutrition Settles FCPA Charges
The infant formula maker paid health-care professionals in China to recommend its products to expectant mothers.
Deep Due Diligence Needed in Emerging Markets Deals
CFOs need to be comfortable with the integrity of the financials, management, and employees of the target company in emerging markets deals.
BHP Billiton Fined $25M Over Olympics Junkets
The SEC says the mining giant had inadequate controls over its hospitality program for foreign officials.
Global Corruption Enforcement Becomes Focus of U.S. Foreign Policy
U.S. corporations and listed companies would do well to redouble their efforts to comply with the Foreign Corrupt Practices Act.
The Anti-Bribery Business
As the enforcement of anti-bribery laws increases, there are risks that it may go too far.
Goodyear Settles Africa Bribery Charges
"Goodyear’s lax compliance controls enabled a routine of corrupt payments by African subsidiaries that were hidden in their books," said an SEC official.
Engineering Firm Settles Qatari Bribery Charge
Executive of Tampa, Fla.-based firm offered foreign officials bribes to get access to sealed-bid information on government contracts, says the SEC.
Avon: ‘Door-to-Door Influence Peddling’
The beauty products maker agrees to pay $135 million to settle allegations that employees bribed Chinese government officials.
Instruments Maker Paid Off China Officials: SEC
Bruker Corp.'s Chinese offices entered into sham ‘collaboration agreements’ to direct money to foreign officials and send them on trips.
Oil Driller to Pay $5M to Settle Bribery Allegations
Layne Christensen Co. bribed officials in Africa to reduce its tax liability and avoid associated penalties for late payment, says the SEC.
Three Pointers for Fighting Bribery and Corruption
Despite stringent corporate policies, managers are tempted to do whatever is necessary to close a deal — and then find a way around getting caught.