Saturday, July 31, 2021

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Biden Memorandum on Combating Corruption Likely Means Increased FCPA Enforcement

Earlier this month, the Biden Administration formally announced that combating corruption is a core United States national security interest. A White House memorandum declares that it “will lead efforts to promote good governance; bring transparency to the United States and global financial systems; prevent and combat corruption at home and abroad, and make it increasingly […]
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DOJ Casts the FCPA Spotlight on Brazil-Related Enforcement

On May 25, the DOJ unsealed an indictment charging Austrian citizens Peter Weinzierl and Alexander Waldstein for a scheme to launder hundreds of millions of dollars through the U.S. financial system on behalf of the Brazilian construction conglomerate Odebrecht. The indictment alleges that they helped Odebrecht funnel money to offshore accounts to bribe government officials […]
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Panel Discussion Among Government Lawyers Provides Key Insights into the Future of FCA Enforcement

During a recent panel discussion hosted virtually by the American Bar Association, attorneys from the Department of Justice and certain U.S. Attorneys’ Offices known...

The Department of Justice Pledges Proactive FCPA Enforcement in 2021

The U.S. Department of Justice has signaled it is pursuing FCPA violations more aggressively in 2021. On June 2 at the American Conference Institute’s...

How Is Your Organization’s Performance With Respect To Fraud?

The Association of Certified Fraud Examiners, the world’s largest anti-fraud organization, has developed a Fraud Prevention Checkup that serves as a self-check for determining if adequate fraud prevention systems are in place within an organization.  The list includes the following questions: Is there a process for fraud oversight? Is there ownership of fraud risk? Is there an ongoing assessment of fraud […]
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Panasonic Avionics Whistleblower Award

Last week a major SEC whistleblower award of $28 million was announced. The names of the parties were redacted, but the firm representing the whistleblower has confirmed this was in connection with the 2018 Panasonic Avionics Corp. FCPA settlement. Tom Fox notes that the FCPA rarely involves whistleblower awards, making this a noteworthy case. Fox […]
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Post It Notes and the SAP Non-Prosecution Agreement

Tom Fox writes about the recent SAP SE trade sanctions enforcement action, and the steps the company took that led to it receiving a non-prosecution agreement, despite “egregious conduct” which included willfully exporting its products to Iranian users for seven years. Source: FCPA Compliance Report: Post It Notes and the SAP Non-Prosecution Agreement
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Top 10 International Anti-Corruption Developments for April 2021

In order to provide an overview for busy in-house counsel and compliance professionals, Morrison Foerster summarizes some of the most important international anti-corruption developments...

Competitor Recovers Damages From FCPA Violator In Post-Enforcement Civil Litigation

On Wednesday, May 12, 2021, Swedish telecommunications manufacturer Ericsson announced that it had reached an €80 million ($96.66 million) settlement with one of its...

Former Assistant US Attorney on FCPA Enforcement Issues

This 30-minute FCPA Flash podcast episode is a conversation with Douglas Zolkind, who recently joined the New York office of Debevoise & Plimpton after serving as an Assistant U.S. Attorney for the Southern District of New York. Among the cases he prosecuted were FCPA trial convictions involving Ng Lap Seng and Patrick Ho. Zolkind discusses: […]
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