Foreign Corrupt Practices Act

The Foreign Corrupt Practices Act of 1977 (FCPA) (15 U.S.C. § 78dd-1, et seq.) is a United States federal law known primarily for two of its main provisions, one that addresses accounting transparency requirements under the Securities Exchange Act of 1934 and another concerning bribery of foreign officials.
Posts about Foreign Corrupt Practices Act
  • Shell Oil Guilty of FCPA Foreign Bribery? (Whistleblower Award Post)

    … at the time of the questionable transactions due to another Foreign Corrupt Practices Act (FCPA) case. Even after the emails surfaced, all parties including former Nigerian president Goodluck Jonathan have denied any wrongdoing. Shell Oil’s Involvement with Dan Etete and President Jonathan Lest you think that Shell is innocent and had no reason…

    Due Diligence- 16 readers -
  • ING Bank Subject to Dutch, SEC Probe – Whistleblower Opportunity

    … that Dutch prosecutors say the probe involves payments by VimpelCom to a company controlled by a Uzbek government official. Government’s Related Prosecution of VimpelCom Last year VimpelCom paid $397.6 million to settle American charges brought under the Foreign Corrupt Practices Act. Some of that money allegedly came from or through ING Bank. US…

    Due Diligence- 20 readers -
  • Venezuela Public Corruption and Fraud: More Whistleblowers Needed

    …. With so many public officials, rampant inflation, shortages of essential goods, currency controls and crime, President Maduro has his work cut out. Meanwhile, the country’s public corruption and fraud problems are virtually unchecked. The Foreign Corrupt Practices Act The US Congress passed the Foreign Corrupt Practices Act (FCPA) to help stop public…

    Due Diligence- 15 readers -
  • More Convictions in Venezuela Foreign Bribery Scheme

    … Venezuela SA. (PDVSA)*. Juan Jose Hernandez Comerma of Florida and Charles Quintard Beech of Texas were both convicted of criminal conspiracy. Hernandez was also convicted of a foreign bribery charge. The US Foreign Corrupt Practices Act (FCPA) prohibits the bribing of foreign officials in the hope of gaining a business advantage. The United States…

    Due Diligence- 13 readers -
  • FCPA Foreign Bribery Active Investigations – Last Call for Whistleblowers

    … of foreign officials and accounting irregularities. Under the Foreign Corrupt Practices Act (FCPA), both are illegal. Public companies must make certain disclosures to the SEC and shareholders. That means when a company learns of an investigation, it must disclose to shareholders and would be investors that it is being investigated…

    Due Diligence- 18 readers -
  • Feds Nab 6 More for Bribery of Foreign Officials (and the Officials too!)

    … the Foreign Corrupt Practices Act. In a separate proceeding, two former Mexican officials also pleaded guilty to conspiracy to commit money laundering. All six men face maximum penalties ranging between 5 and 20 years. One of the two foreign officials, Ramiro Ascencio Nevarez, was already sentenced. He is serving 15 months in a U.S. prison…

    Due Diligence- 21 readers -
  • NY Pension “Pay to Play” Scheme Examined (FCPA Post)

    … What do the Foreign Corrupt Practices Act (FCPA) and the recent “pay to play” indictment of a former New York state pension system portfolio manager have in common? Plenty! The details of the indictments offer a window of how public officials can be corrupted and the steps taken to cover up the evidence. This week Manhattan’s US Attorney, Preet…

    Due Diligence- 14 readers -
  • Whistleblower Retaliation Case Leads to $1.4 Million Fine

    … information about violations of the Foreign Corrupt Practices Act (FCPA). Like the False Claims Act, both laws often have powerful whistleblower retaliation protections. Need more information? Please visit our SEC whistleblower program information page or contact us directly. All inquiries are protected by the attorney – client privilege and kept…

    Due Diligence- 13 readers -
  • French Whistleblowers Dissatisfied? File in the US! (Sapin II / FCPA)

    … claims to the contrary France has a long history of simply looking the other way in case involving corruption in public procurement. This post will analyze the law using the US Foreign Corrupt Practices Act (FCPA) as a benchmark. Sapin II For purposes of this post, we will refer to the Law on Transparency, the Fight Against Corruption…

    Due Diligence- 15 readers -
  • FCPA, Foreign Bribery and Natural Resources – Rio Tinto

    … bribery laws when seeking to drill or mine in foreign countries. The primary U.S. anti-bribery law is the Foreign Corrupt Practices Act (FCPA), a law that prohibits offering or paying bribes to foreign officials. Most countries have similar laws prohibiting bribery. Like the FCPA, those laws prohibit not only the offering or payment of bribes but also…

    Due Diligence- 17 readers -
  • Whistleblowers Opportunity! Samsung Influence Peddling Scandal

    … has reporting obligations with the SEC. Influence peddling means the use of political influence in exchange for money or favors. Under the U.S. Foreign Corrupt Practices Act (FCPA), soliciting, offering, accepting or paying bribes or favors in exchange for favorable business treatment is illegal. Congress passed the law in 1977 in the hopes…

    Due Diligence- 15 readers -
  • SEC Fines Anheuser Busch for Trying to Impede FCPA Whistleblower

    … InBev (InBev) managed to do both and is now paying the price. The Foreign Corrupt Practices Act (FCPA) prohibits companies from bribing foreign officials with the intent to influence those officials to assist the company to obtain or retain any sort of business advantage. Earlier this fall, the SEC found that InBev used third-party sales promoters…

    Due Diligence- 20 readers -
  • DOJ Investigating Standard Chartered – FCPA Whistleblower Post

    …. The allegations concern an Indonesian power company owned by Standard Chartered Bank which itself is part of Standard Chartered PLC. Under U.S. law, bribes to foreign officials violate the Foreign Corrupt Practice Act (FCPA). Whistleblowers who report these violations can receive an award if they have inside information about the wrongdoing. Based…

    Due Diligence- 32 readers -
  • Oil Patch Whistleblower Opportunities

    … in “resource extraction.” The rules cover the mining and energy sectors. Companies that bribe foreign officials are already required to self-report under the Foreign Corrupt Practices Act (FCPA) but that’s like asking a bank robber to call the police after the robbery. Under the new rules, companies will need to immediately disclose any payments made…

    Due Diligence- 13 readers -
  • AstraZeneca to Pay $5+ mm to Settle Foreign Bribery Charges

    …. Once again the scheme appears to have extended through management. Foreign Corrupt Practices Act (FCPA) and Whistleblower Awards U.S. public companies or foreign companies that issue or market securities in the U.S. are subject to the Foreign Corrupt Practices Act. That law makes it illegal for companies to bribe foreign officials. Even though…

    Due Diligence- 16 readers -
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