Subject to Inquiry

Subject to Inquiry

THE LATEST ON GOVERNMENT INQUIRIES AND ENFORCEMENT ACTIONS

Government Investigations and White Collar Litigation Group

Category Archives: Anti-Bribery and Corruption

Subscribe to Anti-Bribery and Corruption RSS Feed
Anti-Bribery and Corruption, Election and Political Law, Enforcement and Prosecution Policy and Trends

The IRS Scandal: What Next?

Well, this could be a huge development. Playing second fiddle to the recent IRS scandal involving how the agency mishandled applications from some right-leaning groups is the simple fact that the Service has historically offered little guidance on how it measures the primary purpose of such activities. Senate Finance Committee Chairman Max Baucus (D-Mont.) had… Continue Reading
Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends

Deferred Prosecution Agreements Arrive in the UK

Deferred prosecution agreements (DPAs) have finally arrived in the UK. As our colleagues at the Bribery Library have detailed in depth, the Crime and Courts Act 2013 creates a procedure whereby a prosecutor and an entity facing criminal prosecution may agree to defer prosecution provided the entity complies with specified requirements. For example, the agreement… Continue Reading
Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends

Deferred Prosecution Agreements: Crime and Courts Act 2013

A Parliamentary Bill which, amongst other things, makes provision to introduce Deferred Prosecution Agreements into the UK received the Royal Assent last week. The subject of Deferred Prosecution Agreements ("DPAs") is covered in section 45 and Schedule 17 of the Crime and Courts Act 2013. The salient provisions contained in the Schedule are as follows:… Continue Reading
Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends, Securities and Commodities

Extractive Industry Continues to be a Focus of Anticorruption Enforcement

Companies and practitioners alike can keep the mining, drilling and extractive industry on the hot list for bribery and corruption enforcement. Earlier this week, Houston-based Parker Drilling Company entered into a deferred prosecution agreement with the U.S. Department of Justice and the U.S. Securities and Exchange Commission to settle allegations that the company violated the… Continue Reading
Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends, Securities and Commodities

Despite Public Perception, Financial Institutions Have Not Received Favored Treatment

Following a slew of significant corporate settlements over the last several months — none involving criminal charges being brought against corporations or individuals — federal regulators and law enforcement have heard an increasing outcry over the lack of criminal prosecutions of financial institutions and their executive leadership. Congress, irked by the perceived “Too Big to… Continue Reading
Anti-Bribery and Corruption, Anti-Money Laundering, Compliance, Enforcement and Prosecution Policy and Trends, Financial Institution Regulation

The Financial Services Authority continues its thematic reviews into anticorruption compliance – now it is the turn of asset managers

So far, since the Bribery Act came into force on 1st July 2011, the largest fines have been dished out by the FSA, which regulates the financial services sector in the UK, rather than by the courts… Continue Reading
Anti-Bribery and Corruption

EU takes first step towards a European version of the FCPA

The EU has in a series of votes agreed a draft anti-corruption law to make it illegal for oil, gas and mining companies to give illicit payments to officials in resource-rich nations that lack strong governance...One of the objectives is to help foreign nationals track more easily what happens to monies paid to their own foreign governments, so that they can hold the government ministers accountable for these monies… Continue Reading
Anti-Bribery and Corruption, Compliance, Election and Political Law

“Not the serious champagne office” – SFO Director indicates common sense approach to Bribery Act

In response to speculation as to whether corporate hospitality involving tickets to the recent London Olympic Games might result in prosecutions under the Bribery Act, Serious Fraud Office Director David Green QC has stated: "We are not interested in that sort of case. We are interested in hearing that a large company has mysteriously come second in bidding for a big contract. The sort of bribery we would be investigating would not be tickets to Wimbledon or bottles of champagne. We are not the 'serious champagne office'."… Continue Reading
Anti-Bribery and Corruption

Pfizer’s DPA Provides Roadmap for Anti-Corruption Compliance

Last week, Pfizer Inc. settled several matters with the Department of Justice and the SEC regarding alleged violations of anti-bribery laws, including the FCPA.  In addition to monetary fines, one of Pfizer’s subsidiaries entered into a two-year Deferred Prosecution Agreement (“DPA”) with Justice.  The DPA offers companies a great roadmap of the type of corporate… Continue Reading
Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends

Oxford University Press pays substantial civil settlement fine for corrupt overseas contracts and is debarred from World Bank tenders

This appears to be the first civil settlement approved by the new Director of the SFO, David Green QC. It confirms what he has said publicly, that he will agree to civil settlements where appropriate (even though they have been the source of criticism in the past) but the SFO will prosecute when it is the public interest to do so.… Continue Reading

We use cookies to enhance your experience of our website. By continuing to use this website, you agree to the use of these cookies. For more information and to learn how you can change your cookie settings, please see our policy.

Agree