The United States (US) Department of Justice (DoJ) has announced that British Virgin Islands-based international petroleum company PetroTiger Ltd's (PetroTiger) former co-chief executive officer (CEO) Knut Hammarskjold has pleaded guilty to conspiring to "pay bribes to foreign government officials and to defraud PetroTiger".
Metals producer and developer Alcoa Inc (Alcoa) has announced that it has resolved the so-called Alba matter under the United States (US) Foreign Corrupt Practices Act (the FCPA) with both the US Department of Justice (DoJ) and the US Securities and Exchange Commission (SEC) "regarding certain legacy alumina contracts with Aluminium Bahrain BSC (Alba)".
The United States (US) Department of Justice (DoJ) has announced that Germany-based international engineering and services company Bilfinger SE (Bilfinger) has agreed to pay US$32 million to settle charges that it breached the Foreign Corrupt Practices Act by bribing Nigerian government officials to "obtain and retain contracts related to the Eastern Gas Gathering System (EGGS) project, which was valued at approximately [US]$387 million".
The United States (US) Securities and Exchange Commission (SEC) has announced that oilfield services company Weatherford International (Weatherford) has been charged with breaching the Foreign Corrupt Practices Act (the FCPA) by "authorizing bribes and improper travel and entertainment for foreign officials in the Middle East and Africa to win business, including kickbacks in Iraq to obtain United Nations Oil-for-Food contracts" and that Weatherford will pay over US$250 million to settle the charges.
For a long time, FCPA had been the major – almost exclusive - anti-bribery law that US companies had on their anti-bribery radar lists. Training programs, policies and procedures were specifically tailored to address its specific requirements, especially with respect to dealing with government officials. Even for global companies, putting FCPA anti-bribery risk mitigation processes in place meant ensuring compliance with major anti-bribery laws.
The United States (US) Department of Justice (DoJ) has made available a speech delivered by US Deputy Attorney General James Cole at a conference on the Foreign Corrupt Practices Act (the FCPA) on 19 November 2013.
The United States (US) Department of Justice (DoJ) has announced that Iraq-based privately owned firm Iraqi Consultants and Constructions Bureau (ICCB) has paid US$2.7 million to settle bribery allegations.
Laura Lonsdale, Sr. Compliance Counsel, Office of Business Conduct & Ethics at Pentair Ltd.
Jim Slavin, Chief Ethics Officer and Vice President, Advisory Services at SAI Global
The United States (US) Department of Justice (DoJ) and the US Securities and Exchange Commission (SEC) have announced that Ohio-based automated teller machine (ATM) and bank security systems provider Diebold Inc (Diebold) has agreed to pay over US$48 million in settlement payments relating to allegations that it bribed officials and falsified documents in its business dealings with overseas banks.
The United States (US) Department of Justice (DoJ) has announced that Ernesto Lujan, Jose Hurtado and Tomas Bethancourt have pleaded guilty in Federal Court to conspiring to breach the Foreign Corrupt Practices Act, to breach the Travel Act, and to commit money laundering.
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