WhatsApp, Bribery and Kim Kardashian – SEC Fines This Month
At the end of every month, the SEC publishes a Notice of Covered Action (NOCA) for enforcement actions where penalties exceeded one million dollars. In November, the SEC published 15 NOCAs for a combined total of over $1.4 billion in fines. The headline cases were: Summaries of November’s NOCAs are below, and remember, once a NOCA is […]
Lafarge Pleads Guilty to Making Payments to ISIS
Yesterday, Lafarge S.A. pled guilty to a first-of-its-kind charge brought by the U.S. Department of Justice (DOJ) for providing material support to terrorist organizations in Syria. Here’s everything you need to know about the case: Who is Lafarge? Lafarge S.A. is a Paris-based company that manufactures building materials such as cement. It is a subsidiary […]
5 Common Mistakes When Reporting FCPA Violations
Article by John Peterson, Managing Attorney The Foreign Corrupt Practices Act (FCPA) is a U.S. law that prohibits bribery. If you’d like to learn more about how to report FCPA violations, feel free to check out our previous posts on reporting FCPA violations here and here. In this post, we will look at some common mistakes people make when reporting FCPA […]
Stericycle (NASDAQ: SRCL) Pays $84 Million to Settle FCPA Charges
Today the DOJ and SEC announced that Illinois based Stericycle would pay over $84 million dollars to settle charges that it violated the Foreign Corrupt Practices Act (FCPA). The Allegations Stericycle was alleged to have caused hundreds of bribes to be made to government officials in Brazil, Mexico, and Argentina to boost its business there. For example, […]
How to Report FCPA Violations
Article by John Peterson, Managing Attorney, FBR. The Foreign Corrupt Practices Act (FCPA) is a U.S. law that prohibits bribery. The FCPA is enforced by the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). Both agencies regularly issue fines to companies for violating the FCPA and pursue violations aggressively. In addition, the […]
What is the US Foreign Corrupt Practices Act – FCPA?
Article by John Peterson, Managing Attorney, FBR. The Foreign Corrupt Practices Act (FCPA) is a U.S. law that prohibits bribery of foreign (non-U.S.) government employees. If you think you have information on an FCPA violation, we suggest that you speak to an attorney immediately, as you may be entitled to a reward for reporting it. […]
Edwards Lifesciences – 5 Things About Bribery Investigations
Article by John Peterson, Managing Attorney, FBR. Edwards Lifesciences (NYSE: EW) recently disclosed that the Company was investigating whether payments made by employees in Japan violated the Foreign Corrupt Practices Act (“FCPA”). What this means is that Edwards Lifesciences is investigating whether employees in Japan engaged in bribery. While that may seem like an […]
