Top Ten International Anti-Corruption Developments for May 2015

In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important international anti-corruption developments in the past month with links to primary resources. This month some major anti-corruption cases, both Foreign Corrupt Practices Act (FCPA) and non-FCPA related, have dominated the headlines and are reflected in our coverage. In addition, a number of government officials on both sides of the Atlantic have been on the speaking circuit, and we have captured some of the highlights from their speeches. Here is our May 2015 Top Ten list:

1. FIFA Officials and Sports Marketing Executives Indicted for Racketeering, Wire Fraud, and Corruption. On May 27, 2015, the Department of Justice (DOJ) issued a press release and held a news conference to announce the unsealing of a 47-count criminal indictment (“Indictment”) against fourteen defendants, including nine former and current officials of the Fédération Internationale de Football Association (FIFA). The charged offenses include racketeering, wire fraud, and money laundering conspiracies related to alleged corruption in the commercialization of media and marketing rights associated with various FIFA soccer matches and tournaments. DOJ announced at the same time the unsealing of related guilty pleas of six other defendants (four individuals and two corporations). The Indictment alleges a twenty-four year scheme, involving over $150 million in bribe payments and kickbacks paid by sports marketing executives in exchange for the “official support” of the indicted FIFA officials. The charges primarily focus on alleged corruption involving one of FIFA’s six constituent continental confederations, the Confederation of North, Central American and Caribbean Association Football (CONCACAF). Other alleged schemes relate to the purported payment and receipt of bribes and kickbacks in connection with the selection of the host country for the 2010 World Cup and the alleged procurement of votes in favor of a high-ranking official of FIFA and the Asian Football Confederation in the 2011 FIFA presidential election...

Please see full publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Morrison & Foerster LLP | Attorney Advertising

Written by:

Morrison & Foerster LLP
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Morrison & Foerster LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide