Should Employees Have FCPA Training?
Article by Managing Attorney, John Peterson Whether you run a business or work in compliance, one of the most frequently asked questions on the Foreign Corrupt Practices Act (FCPA) is: Do I have to train employees on FCPA compliance? In this article, we explain when a company has to train employees on FCPA compliance, which employees need to […]
British Brokers Fined By U.S. DOJ For Bribery
The Foreign Corrupt Practice Act (FCPA) is alive and well. In recent years the FCPA has been increasingly used to prosecute behavior that has nothing to do with bribery or corruption, but today’s FCPA resolution with two British Brokers is the type of good old fashioned bribery case that made the FCPA famous in the […]
FCPA Whistleblower Retaliation Is Illegal
The biggest concern for most whistleblowers is whether they will be retaliated against if they report legal violations at their place of work. This is especially true for whistleblowers who report a potential violation of the Foreign Corrupt Practices Act (FCPA). In this article we will outline the protections a whistleblower is entitled to when […]
FCPA Whistleblower Paid $279 Million for Assisting In Ericsson Enforcement Actions
On May 5th the U.S. Securities and Exchange Commission (SEC) awarded a record breaking $279 million to a whistleblower who reported legal violations that resulted in three separate enforcement actions. Since the award, the Wall Street Journal has revealed that the award was related to a tipster who assisted the SEC with its record-breaking fine against […]
What is the SEC Form TCR?
If you are an SEC whistleblower, then it’s likely that at some stage you will come across SEC Form TCR. TCR stands for Tips, Complaints Referrals and the SEC Form TCR allows whistleblowers to provide information to the SEC and become eligible for an SEC whistleblower award. If you want to submit SEC Form TCR, […]
Wharton Professor Philip Nichols Shares The Business Case for Corporate Compliance
As part of our Corporate Accountability Interview Series we’ve been speaking to some of the leaders in the field of corporate accountability, finding out what they do and why they do it. As a part of the series, I had the pleasure of interviewing Professor Philip Nichols, Professor of Social Responsibility in Business, at the […]
Whistleblower Protection Under the Foreign Corrupt Practices Act
The biggest concern for many potential whistleblowers is the prospect of facing retaliation for speaking up about legal violations. This is especially true for whistleblowers who report bribery or corruption, which can constitute a violation of the Foreign Corrupt Practices Act (FCPA). In this article we will outline the protections a whistleblower is entitled to […]
Flutter Fined By U.S. Regulator For Suspicious Payments To Russian Consultants
The U.S. Securities and Exchange Commission (SEC) announced an enforcement action against Flutter International Inc. (formerly Paddy Power Betfair) for violating the Foreign Corrupt Practices Act (FCPA). In an administrative proceeding filed on March 6, the SEC alleged that a company acquired by Flutter had violated the FCPA through its use of Russian consultants, despite […]
ABB, Honeywell, AT&T – Over $500 Million in SEC Fines in January
At the end of every month, the Securities and Exchange Commission (SEC) publishes a Notice of Covered Action for recent fines in excess of one million dollars. There were seven notices issued in January for over $500 in fines, the headlines were: Honeywell pays over $161 million for bribery schemes in Algeria and Brazil ABB […]
Swiss-based ABB Pays Over $300 Million For Its Third FCPA Fine
Swiss-based technology company ABB Ltd. announced a resolution of criminal charges relating to a bribery scheme in South Africa. The resolution will result in ABB paying over $315 million in fines and penalties for what is the company’s third bribery related fine from U.S. regulators. The Violations ABB is listed on the NYSE, and as a result, […]
