Tags » TRACE Compendium

Reflections on TRACE’s Global Enforcement Report 2013: The Butterfly Effect

While the U.S. remains the leader in formal foreign bribery actions, defined as cross-border enforcement actions by government agencies that have resulted in formal charges or official declinations, other countries are certainly taking steps to close that gap.   703 more words

TRACE

Anti-corruption Efforts Heat Up in Italy

Several arrests this past week have drawn renewed attention to anti-corruption efforts in Italy.

On Tuesday, Giuseppe Orsi, CEO of Finmeccanica, was arrested in Milan relating to charges that he used intermediaries to bribe a former chief of the Indian Air Force with regards to the sale of 12 AW101 helicopters to India in 2010.   282 more words

TRACE Compendium

Bribe payments by Scottish oil and gas company result in USD 8.9 penalty

Recent Enforcement Developments

Scottish oil and gas services company agrees to civil settlement. On 23 November 2012, Abbot Group Ltd. agreed to a civil settlement of GBP 5.6 million (USD 8.9 million) with the Crown Office and Procurator Fiscal Service. 101 more words

Bribery

Corruption faces a new foe: Xi Jinping

The Chinese Communist Party’s new leader, Xi Jinping, made corruption the focus of his first speech to the Politburo.  Speaking in Beijing on Monday,  Xi warned that corruption in other countries had caused major unrest and instability. 394 more words

TRACE

DOJ ends investigation of W.W. Grainger, Inc. with no enforcement action

Recent Enforcement Developments

Department of Justice declines to take enforcement action against industrial supplier.  In an SEC form filed Friday by W.W. Grainger, Inc., the Company announced that the FCPA investigation begun in January 2012 had been closed. 33 more words

FCPA

DOJ closes FCPA investigation of oilfield services company

Recent Enforcement Developments

DOJ Declines to prosecute oilfield services company on FCPA charges. Schlumberger N.V., one of the world’s largest oilfield services providers, notified investors several years ago that it had received an inquiry from the Department of Justice in 2007 regarding the Company’s involvement in potential FCPA violations by Panalpina and other freight companies. 82 more words

FCPA

Opinion Procedure Release: U.S. adoption agencies may bring foreign officials to the U.S. without violating the FCPA

Recent Enforcement Developments

Opinion Procedure Release regarding gifts and hospitality issued by the DOJ. On 18 October, the Department of Justice issued OPR 12-02 in response to a query posed by 19 adoption agencies based in the U.S. 140 more words

FCPA