A Netherlands-based manufacturing company and its U.S. subsidiary agreed to pay $238 million in penalties to settle charges of Foreign Corrupt Practices Act violations related to the bribery of officials in several foreign countries.
Deputy Attorney General Rod Rosenstein shared the details of a new Foreign Corrupt Practices Act Corporate Policy, which he said will bolster the DOJ's ability to recognize and address corporate criminal conduct.
The Southern District of New York unsealed a complaint charging two individuals with violations of the Foreign Corrupt Practices Act and various other violations involving illegal payments to a Chinese energy company doing business in Chad and Uganda.
A Sweden-based telecommunications company agreed to pay $965 million to settle charges of Foreign Corrupt Practices Act violations for alleged bribes of a government official in Uzbekistan. If the criminal plea with the DOJ is approved in U.S. federal court, the combined resolution will mark the largest FCPA settlement ever.
Two former executives at Hungarian-based telecommunications company Magyar Telekom agreed to pay financial penalties in order to settle an SEC case alleging violations of the Foreign Corrupt Practices Act.
Rolls-Royce agreed to pay $800 million in a global settlement to resolve allegations by UK, U.S. and Brazilian authorities that the car manufacturer had conducted a long-running scheme to bribe foreign officials in exchange for assistance in obtaining government contracts.
Global medical device manufacturer Zimmer Biomet Holdings, Inc. settled criminal and civil charges brought by the DOJ and SEC after the company was found to have violated a 2012 agreement settling previous Foreign Corrupt Practices Act allegations.
The U.S. DOJ and the SEC announced criminal and civil Foreign Corrupt Practices Act-related settlements with a Kentucky-based manufacturer and distributor of copper, aluminum, and fiber-optic cable and wire.
At the 33rd ACI International Conference on the Foreign Corrupt Practices Act, leading prosecutors and regulators from the U.S. and the UK emphasized the importance of international cooperation, self-disclosure, and a heightened focus on individual responsibility.
The SEC settled charges against a medical device manufacturer and its wholly owned subsidiary for engaging in "hundreds of sham transactions with distributors" in violation of the Foreign Corrupt Practices Act.
GAO issued a report on the collection and use of fines, penalties and forfeitures assessed against financial institutions for their violations of BSA/AML regulations, the Foreign Corrupt Practices Act and U.S. sanctions programs requirements.