This week, Ojo Publico, a Peruvian news outlet that collaborated with ICIJ on the Panama Papers investigation, reported that Mossack Fonseca had created offshore companies for middlemen recently accused by Peruvian authorities of helping to channel bribes to Peru's former president, Alejandro Toledo.
Further, even if there were no illegal payment or illegal promise to pay, there is the matter of McKinsey violating its own internal compliance controls, which can be a separate FCPA violation, even without evidence of bribery and corruption.
Crossborder cooperation. Another prominent example is the parallel investigations into the FIFA corruption and bribery scandal in May 2015 undertaken by the DoJ and other international authorities, including in Switzerland. It also is clear that global cooperation between state authorities has increased.
SBM Offshore: shareholders hit by another 238m legal provision. Last week the Serious Fraud Office charged two employees of Unaoil with making corrupt payments in Iraq on behalf of the Dutch engineering firm SBM Offshore: both Unaoil and SBM deny the charges. Had analysts and commentators used basic Open Source Intelligence techniques...
Apr 05, 2016· How SBM Offshore is involved in the world's biggest bribe scandal. The company Unaoil, based in Monaco but registered in the British Islands and dubbed by journalists 'The Bribe Factory', proves to be the hub of a vast corruption network. Unaoil is .
Jan 01, 2005· Regulators have been intensifying their scrutiny of corporate bribery infractions lately. In the last half of 2004, for example: BristolMyers Squibb Co. revealed that the Securities and Exchange Commission has launched an investigation into some of the company's German units for possible violations of the Foreign Corrupt Practices Act (FCPA).
Beginning an Internal Investigation: The UK Perspective. The Practitioner's Guide to Global Investigations Third Edition. Beginning an Internal Investigation: The US Perspective. The Practitioner's Guide to Global Investigations Third Edition. IRS targets law firm's client list in offshore tax avoidance probe
Apr 08, 2016· Mossack Fonseca has its own compliance department. Typically, though, its investigation into a client's background is perfunctory, done via Google, the FBI's website and an online database.
Aug 30, 2018· New disclosure shows spreading Eni bribery probe By The FCPA Blog | Monday, September 11, 2017 at 8:28AM An SEC filing last week by a giant Italian oil company showed how a corruption investigation has grown, starting three years ago in Nigeria but spreading now to include Algeria, Congo, Kazakhstan and Kuwait.
Nov 12, 2014· Amsterdam Dutch oil platform leasing firm SBM Offshore NV settled a bribery case with Dutch prosecutors and will pay 240 million to authorities, including a 40,000 fine, prosecutors said on ...
When organisations make the decision to make antibribery anticorruption compliance a top priority, the results speak for themselves. The ISO 37001:2016 AntiBribery Management System training and certification standard bring together best practices, proven strategies, and elements of the Foreign Corrupt Practices Act, the UK Bribery Act 2010 and other major legislation aimed to curb [.]
Fed Cochair Fischer deflects call for numbers on wages. Blog, Corporate/Wall St., Regulation enforcement . Feb 2, 2016 – At the Council on Foreign Relations yesterday, I pointed out to Stanley Fischer, Vice Chairman, Board of Governors of the Federal Reserve, that the current low unemployment rate he cited in his talk doesn't mean what it did when workers had good manufacturing jobs ...
Nov 13, 2017· Crisis of the Week: Law Firm Strikes Back Against 'Paradise Papers'. Under attack from critics of the firm, its clients, and the offshore industry as a whole, the firm–with its lengthy, aggressive, and highly defensive statements–fails to communicate a central message that sticks or that could minimize damage.
The wideranging bribery and corruption investigations revealed that billions of dollars in government contracts were awarded to a number of companies, including RollsRoyce and an offshore arm of Australian company Leighton Holdings (now CIMIC), as a direct result of bribes.
Brazilian stateowned oil company Petrobras has found no evidence of bribery after conducting an internal investigation of allegations that some of its employees took bribes from SBM Offshore, a Dutch oil platform company.
The wideranging bribery and corruption investigations revealed that billions of dollars in government contracts were awarded to a number of companies, including RollsRoyce and an offshore arm of Australian company Leighton Holdings (now CIMIC), as a direct result of bribes.
About This Week in FCPA Tom Fox and Jay Rosen bring you everything new in FCPA and Compliance every week. Find out what's in, what's out and what's happening in the industry.
On 3 October 2019, the UK and the US signed a firstofitskind Bilateral Data Access Agreement, which is expected to reduce the time it takes UK and US law enforcement agencies to access electronic evidence held by technology companies located in each other's territory.
Apr 03, 2014· Dutch oil and gas services company SBM Offshore NV announced that a twoyear internal investigation produced evidence showing that its agents in Angola and Equatorial Guinea may have bribed government officials. The investigation by independent external counsel and forensic accountants focused on the use of agents from 2007 through 2011.
Oct 30, 2011· Bribery probe at German industrial firms widens. The allegations referred to the time when Ferrostaal was still part of MAN. A separate probe into bribery allegations at MAN led to the departure of the company's entire executive board in 2009. The group's former executive board members weren't among the suspects of the investigation.
SBM Offshore. Previous posts have highlighted SBM Offshore's scrutiny including its disclosure in November 2014 that the DOJ informed the company "that it is not prosecuting the Company and has closed its inquiry" into allegations of improper conduct in Brazil and other countries. Earlier this week, the company disclosed:
Dec 06, 2017· The international nature of bribery means, as we have outlined here, that companies who face such allegations require skilled international legal representation. It is an area that may well grow, as many countries start to uncover and act upon evidence of largescale bribery that has been committed within their borders over the years.