Tag Archives | Foreign Corrupt Practices Act
US Department of Treasury

U.S. response to the Panama Papers: A step in the right direction but more action is needed

9 May 2016 in Americas, Financial Markets, Politics and government, Private sector

The massive leak dubbed the Panama Papers has given the UK Anti-Corruption Summit on May 12 an unexpected boost. Those coming to the summit, now including the U.S., are lining up to make announcements about the steps they are taking to tackle corruption and specifically financial secrecy. On Thursday the Obama Administration announced a series […]

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The VimpelCom settlements: a Lesson for the telecoms sector

24 February 2016 in Telecoms

A few days ago, VimpelCom Ltd., a Russian-controlled telecommunications company headquartered in the Netherlands, announced that it had agreed to pay a whopping $795 million to settle a bribery investigation by US and Dutch authorities into its payment of bribes in Uzbekistan. The penalties, which according to the US Department of Justice make up ‘one […]

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How not to fall foul of the Foreign Corrupt Practices Act

16 November 2012 in Americas, Politics and government

This week the Department of Justice and the Securities and Exchange Commission published their long-awaited guidance intended to provide useful information to companies to comply with the Foreign Corrupt Practices Act (FCPA). The 120 page document has for the most part been welcomed by civil society organisations and defense counsels alike because of its comprehensiveness […]

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