Recently, Brazil’s state energy company, Petrobras, was investigated by the Department of Justice (DOJ) and the Securities Exchange Commision (SEC) for FCPA violations related to political bribes in Brazil. According to the SEC’s Steven Peikin, Petrobras fraudulently facilitated money through… Read more >
The SEC charged big pharma company, Sanofi, for violating the FCPA’s books and records and internal accounting controls provisions, and allegedly paying bribes across the Middle East and in Kazakhstan to gain more business opportunities. Sanofi had their sales people… Read more >
Credit Suisse Group AG settled with the Department of Justice (DOJ) on $76.7 million Foreign Corrupt Practices Act (FCPA) offenses. According to the DOJ, Credit Suisse was involved in a hiring scheme that favored friends and family of Chinese officials… Read more >
The SEC settled with Chicago-based spirits maker Beam Suntory Inc. for $8 million to resolve Foreign Corrupt Practices Act (FCPA) charges that the company’s Indian subsidiary made improper payments to government employees “hidden” by inflated or fabricated invoices that were… Read more >
In the fifth largest FCPA case ever, and the first time the DOJ has coordinated with the French authorities in an overseas corruption case, Société Générale S.A. (SocGen) has agreed to settle bribery charges. SocGen has been accused of paying… Read more >
Between 2007 and 2016, the Panasonic Avionics Corporation (Panasonic) made illicit payments to consultants at its US in-flight-entertainment unit in the Middle East and Asia including payments to a government official at a state-owned airline in an effort to solicit… Read more >
AML, FCPA, Fines, Japan, United States
In 2014, Yahoo! Inc. was involved in one of the largest known data breaches of that time. According to the statement made by the Securities Exchange Commission (SEC), the data breach resulted in the theft, unauthorized access, and acquisition of… Read more >
The SEC has pressed charges against Israeli holding company Elbit Imaging LTD, and fined them $500,000 to settle violations of the FCPA books and records and the internal controls provisions. The company spent millions of dollars on a real estate… Read more >
Smartphone usage is on the rise with an estimated 2.5 billion users around the world and 230 million in the United States alone. This high statistic unfortunately poses a great threat to compliance because it leaves financial institutions and individuals… Read more >
The Department of Justice (DOJ) has charged five former employees of Venezuela’s state energy company with money laundering, two of which were also charged with conspiring to violate the Foreign Corrupt Practices Act (FCPA). The defendants, Luis Carlos De Leon… Read more >