Monday, July 13, 2020

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French Enforcement Actions Provide More Insight into Sapin II Compliance Requirements

Two recent rulings by France’s Commission of Sanctions provide insight into which aspects of the transparency, anti-corruption, and modernization law known as Sapin II the Agence Française Anticorruption focuses on during its inspections. Xavier Oustalniol and Véronique Chauveau of StoneTurn argue that an understanding of the these cases — Imerys and Sonepar — is important […]
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Bank Secrecy Act Compliance During the COVID-19 Crisis

Elizabeth Slim reminds us that Anti-Money Laundering professionals are still required to ensure that financial institutions maintain a safe and sound Bank Secrecy Act...

ZTE Denies Knowledge of Alleged US Bribery Investigation

ZTE has denied any knowledge of a reported investigation by US officials into alleged bribery practices. The Chinese telecommunications giant is facing scrutiny by...

Airbus: The French Perspective

A special 5-part podcast series on FCPA Compliance Report considers the Airbus international anti-corruption enforcement action from a variety of perspectives, from some of the top world’s top compliance practitioners and commentators on compliance. In this 14-minute episode, Cecilia Fellouse-Guenkel, Secretary General of the Circle of Compliance, discusses what the Airbus enforcement means for compliance […]
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In Foreign Corruption Cases, Transparency Creates Accountability

Aaron Sayne and Melanie D. Reed of the Natural Resource Governance Institute note that the $4.5 billion 1MDB corruption scandal has had considerable fallout over the past four years, and argue that this has been a consequence of the Department of Justice’s release of a 251-page civil asset forfeiture complaint relating to it. This document […]
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Amidst Record Fines, Hogan Lovells Reveals Trends to Watch in 2020

Hogan Lovells has published its annual Global Bribery and Corruption Outlook, exploring the global trends in anti-bribery and corruption regulation and enforcement, and outlining  a number of legislative developments and trends to watch out for in 2020. The analysis reveals an uptick in enforcement around the world, and demonstrates that culture and the tone from […]
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Airline Group’s Offices Raided by Colombian Prosecutors

Colombian authorities raided the offices of Avianca Holdings SA as part of a transnational bribery investigation. The airline first disclosed potential bribery law violations in August, saying it was investigating whether employees had provided free tickets and upgrades to public officials, and had notified DOJ and SEC of the investigation, because of their FCPA jurisdiction. […]
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Flavor Company Says Subsidiary Managers Knew About Improper Payments

New York-based International Flavors & Fragrances Inc. has confirmed that senior managers in its Israeli subsidiary Frutarom Industries Ltd. knew about improper payments in Ukraine and Russia. The company disclosed the potential bribery in August 2019 and launched an internal investigation, following its acquisition of the company in October 2018. The company said it has […]
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SEC Probes Raytheon Over Potentially Improper Payments

The Securities and Exchange Commission is investigating possible improper payments made by Raytheon and its partners in the Middle East. SEC issued a subpoena seeking information from Raytheon and its joint venture with Thales SA. Regulators are seeking information about payments made in the region by the companies or any intermediaries dating back to 2014. […]
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Corruption and its Effect on Termination Payments: Lessons for LatAm Project Finance Transacctions

The landmark decision in the Ruta del Sol arbitration against the Agencia Nacional de Infraestructura – ANI, the Colombian government agency in charge of awarding concessions through public-private partnerships for the design, construction, maintenance, operation and administration of transport infrastructure in Colombia, addresses the key issue of whether governments must honor termination payments when the award […]
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