ANTICORRUPTION DEVELOPMENTS -
Alere Inc. Agrees to Pay More Than $13 Million to Resolve SEC FCPA Enforcement Action -
On September 28, 2017, Alere Inc. (“Alere”), a Massachusetts based manufacturer of medical diagnostic...more
10/10/2017
/ Anti-Corruption ,
Bribery ,
CFIUS ,
China ,
Consent Agreements ,
Corruption ,
Criminal Conspiracy ,
Criminal Convictions ,
Customs and Border Protection ,
De Minimus Quantity Exemption ,
Department of Justice (DOJ) ,
Directorate of Defense Trade Controls (DDTC) ,
Economic Sanctions ,
Enforcement Actions ,
Export Controls ,
Exports ,
False Claims Act (FCA) ,
Foreign Corrupt Practices Act (FCPA) ,
International Emergency Economic Powers Act (IEEPA) ,
Iran ,
ITAR ,
NCAA ,
North Korea ,
Regulatory Burden ,
Retailers ,
Securities and Exchange Commission (SEC) ,
Semiconductors ,
Suspensions & Debarments ,
Trump Administration ,
U.S. Customs ,
UK ,
Whistleblowers
ANTICORRUPTION DEVELOPMENTS -
Alere Inc. Agrees to Pay More Than $13 Million to Resolve SEC FCPA Enforcement Action -
On September 28, 2017, Alere Inc. (“Alere”), a Massachusetts based manufacturer of medical diagnostic...more
10/10/2017
/ Anti-Corruption ,
Bribery ,
CFIUS ,
China ,
Consent Agreements ,
Corruption ,
Criminal Conspiracy ,
Criminal Convictions ,
Customs and Border Protection ,
De Minimus Quantity Exemption ,
Department of Justice (DOJ) ,
Directorate of Defense Trade Controls (DDTC) ,
Economic Sanctions ,
Enforcement Actions ,
Export Controls ,
Exports ,
False Claims Act (FCA) ,
Foreign Corrupt Practices Act (FCPA) ,
International Emergency Economic Powers Act (IEEPA) ,
Iran ,
ITAR ,
NCAA ,
North Korea ,
Regulatory Burden ,
Retailers ,
Securities and Exchange Commission (SEC) ,
Semiconductors ,
Suspensions & Debarments ,
Trump Administration ,
U.S. Customs ,
UK ,
Whistleblowers
ANTICORRUPTION DEVELOPMENTS -
Alere Inc. Agrees to Pay More Than $13 Million to Resolve SEC FCPA Enforcement Action -
On September 28, 2017, Alere Inc. (“Alere”), a Massachusetts based manufacturer of medical...more
10/4/2017
/ Anti-Corruption ,
Bribery ,
CFIUS ,
China ,
Consent Agreements ,
Corruption ,
Criminal Conspiracy ,
Criminal Convictions ,
Customs and Border Protection ,
De Minimus Quantity Exemption ,
Department of Justice (DOJ) ,
Directorate of Defense Trade Controls (DDTC) ,
Economic Sanctions ,
Enforcement Actions ,
Export Controls ,
Exports ,
False Claims Act (FCA) ,
Foreign Corrupt Practices Act (FCPA) ,
International Emergency Economic Powers Act (IEEPA) ,
Iran ,
ITAR ,
NCAA ,
North Korea ,
Regulatory Burden ,
Retailers ,
Securities and Exchange Commission (SEC) ,
Semiconductors ,
Suspensions & Debarments ,
Trump Administration ,
U.S. Customs ,
UK ,
Whistleblowers
ANTICORRUPTION DEVELOPMENTS -
MTS Receives DOJ and SEC Declination Letters Concluding FCPA Investigations -
On August 7, 2017, MTS Systems (MTS), a Minnesota based maker of test systems and industrial position...more
9/2/2017
/ Africa ,
Anti-Corruption ,
Appeals ,
China ,
Civil Liability ,
Compelled Testimony ,
Department of Justice (DOJ) ,
Due Diligence ,
Enforcement Actions ,
Executive Orders ,
Exports ,
Financial Conduct Authority (FCA) ,
Foreign Corrupt Practices Act (FCPA) ,
Freight Forwarding ,
Guilty Pleas ,
Hong Kong ,
IPSA ,
Iran Sanctions ,
Libor ,
New Legislation ,
North Korea ,
Office of Foreign Assets Control (OFAC) ,
Payment Processors ,
Russia ,
Sanction Violations ,
SDN List ,
Securities and Exchange Commission (SEC) ,
Singapore ,
South Africa ,
Trump Administration ,
Venezuela ,
Whistleblowers
ANTICORRUPTION DEVELOPMENTS -
U.K. Opens Corruption Investigation of Rio Tinto over Guinea Operations -
On July 24, 2017, the United Kingdom’s Serious Fraud Office (SFO) announced that it had opened an investigation into...more
8/10/2017
/ Anti-Corruption ,
Bribery ,
Corruption ,
Criminal Prosecution ,
Cuba ,
Customs and Border Protection ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Enforcement Actions ,
Executive Orders ,
Export Controls ,
Fédération Internationale de Football Association (FIFA) ,
FinCEN ,
Foreign Corrupt Practices Act (FCPA) ,
Forfeiture ,
Guilty Pleas ,
Hackers ,
Hobby Lobby ,
Iran Sanctions ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Sanction Violations ,
Securities and Exchange Commission (SEC) ,
Serious Fraud Office (SFO) ,
Sudan ,
Suspensions & Debarments ,
World Bank
ANTICORRUPTION DEVELOPMENTS -
U.K. Opens Corruption Investigation of Rio Tinto over Guinea Operations -
On July 24, 2017, the United Kingdom’s Serious Fraud Office (SFO) announced that it had opened an investigation into...more
8/10/2017
/ Anti-Corruption ,
Bribery ,
Corruption ,
Criminal Prosecution ,
Cuba ,
Customs and Border Protection ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Enforcement Actions ,
Executive Orders ,
Export Controls ,
Fédération Internationale de Football Association (FIFA) ,
FinCEN ,
Foreign Corrupt Practices Act (FCPA) ,
Forfeiture ,
Guilty Pleas ,
Hackers ,
Hobby Lobby ,
Iran Sanctions ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Sanction Violations ,
Securities and Exchange Commission (SEC) ,
Serious Fraud Office (SFO) ,
Sudan ,
Suspensions & Debarments ,
World Bank
ANTICORRUPTION DEVELOPMENTS -
U.K. Opens Corruption Investigation of Rio Tinto over Guinea Operations -
On July 24, 2017, the United Kingdom’s Serious Fraud Office (SFO) announced that it had opened an investigation into...more
8/3/2017
/ Anti-Corruption ,
Bribery ,
Corruption ,
Criminal Prosecution ,
Cuba ,
Customs and Border Protection ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Enforcement Actions ,
Executive Orders ,
Export Controls ,
Fédération Internationale de Football Association (FIFA) ,
FinCEN ,
Foreign Corrupt Practices Act (FCPA) ,
Forfeiture ,
Guilty Pleas ,
Hackers ,
Hobby Lobby ,
Iran Sanctions ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Sanction Violations ,
Securities and Exchange Commission (SEC) ,
Serious Fraud Office (SFO) ,
Sudan ,
Suspensions & Debarments ,
World Bank
ANTICORRUPTION DEVELOPMENTS -
Linde Group Receives DOJ Declination Pursuant to FCPA Pilot Program -
On June 16, 2017, German based chemical and gas company Linde Group’s American affiliates, Linde North America Inc....more
7/4/2017
/ AIG ,
Anti-Corruption ,
Bribery ,
Civil Monetary Penalty ,
Compliance ,
Corruption ,
Criminal Penalties ,
Cuba ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
Disgorgement ,
Economic Sanctions ,
Enforcement Actions ,
Export Controls ,
Exports ,
Fédération Internationale de Football Association (FIFA) ,
Fines ,
Foreign Corrupt Practices Act (FCPA) ,
Guilty Pleas ,
Iran Sanctions ,
Kokesh v SEC ,
Office of Foreign Assets Control (OFAC) ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Statute of Limitations ,
Theft ,
Trade Secrets ,
Trump Administration ,
White Collar Crimes
ANTICORRUPTION DEVELOPMENTS –
Former Magyar Telekom Executives Settle Bribery Charges –
On April 24, 2017, the Securities and Exchange Commission (SEC) announced that two former executives of Magyar Telekom, a...more
5/10/2017
/ Anti-Bribery ,
Anti-Corruption ,
Bribery ,
Compliance ,
Cooperation ,
Corruption ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Export Controls ,
Exports ,
Foreign Corrupt Practices Act (FCPA) ,
Internal Investigations ,
Russia ,
White Collar Crimes
Anticorruption Developments -
Former Magyar Telekom Executives Reconcile Bribery Charges -
April 24, 2017, the US Securities and Exchange Commission (SEC) announced that the Hungarian telecommunications company...more
5/10/2017
/ Anti-Bribery ,
Anti-Corruption ,
Bribery ,
China ,
Compliance ,
Corruption ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Export Controls ,
Foreign Corrupt Practices Act (FCPA) ,
Securities and Exchange Commission (SEC) ,
White Collar Crimes
ANTICORRUPTION DEVELOPMENTS –
Former Magyar Telekom Executives Settle Bribery Charges –
On April 24, 2017, the Securities and Exchange Commission (SEC) announced that two former executives of Magyar Telekom, a...more
5/2/2017
/ Administrative Resignation ,
Bribery ,
Criminal Convictions ,
Customs and Border Protection ,
Department of Justice (DOJ) ,
Disgorgement ,
Enforcement Actions ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Exports ,
Foreign Corrupt Practices Act (FCPA) ,
Guilty Pleas ,
Illegal Activity ,
Jones Act ,
Kokesh v SEC ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Penalties ,
Red Notices ,
Sanction Violations ,
SCOTUS ,
SDN List ,
Securities and Exchange Commission (SEC) ,
Settlement ,
Statute of Limitations ,
Steel Industry ,
Suspensions & Debarments ,
Trade Deficit ,
Trade Expansion Act of 1962 ,
Trump Administration
Anticorruption Developments -
SEC Chairman Nominee Jay Clayton Receives Confirmation Hearing -
On March 23, 2017, SEC Chairman Nominee Jay Clayton testified before the Senate Banking Committee at his confirmation...more
4/4/2017
/ Anti-Retaliation Provisions ,
Arrest ,
Bribery ,
CFIUS ,
China ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Enforcement Actions ,
Export Controls ,
Exports ,
Federal Pilot Programs ,
FinCEN ,
Foreign Corrupt Practices Act (FCPA) ,
Investors ,
Iran Sanctions ,
Office of Foreign Assets Control (OFAC) ,
Petrobras ,
Sanction Violations ,
Securities and Exchange Commission (SEC) ,
Senate Confirmation Hearings ,
Sentencing ,
Split of Authority ,
Telecommunications ,
Trump Administration ,
Ukraine ,
Whistleblowers
Acting SEC Chief Limits Subpoena Authority to Enforcement Division Acting Director -
On February 15, 2017,The Wall Street Journal reported that the acting Chair of the Securities and Exchange Commission (SEC), Michael...more
3/2/2017
/ Anti-Corruption ,
Civil Monetary Penalty ,
Compliance ,
Conflict Mineral Rules ,
Economic Sanctions ,
Enforcement Actions ,
Export Controls ,
Exports ,
Foreign Corrupt Practices Act (FCPA) ,
Iran Sanctions ,
Office of Foreign Assets Control (OFAC) ,
Rescission ,
Resource Extraction ,
Russia ,
Securities and Exchange Commission (SEC) ,
Trump Administration ,
Whistleblowers
ANTICORRUPTION DEVELOPMENTS -
Las Vegas Sands Corporation Agrees to Pay Approximately $7 Million to Resolve DOJ FCPA Enforcement Action –
On January 19, 2017, Las Vegas Sands Corporation (“Sands”), a Nevada-based...more
ANTICORRUPTION DEVELOPMENTS -
Las Vegas Sands Corporation Agrees to Pay Approximately $7 Million to Resolve DOJ FCPA Enforcement Action –
On January 19, 2017, Las Vegas Sands Corporation (“Sands”), a Nevada-based...more
2/1/2017
/ CFIUS ,
Cuba ,
Disgorgement ,
Economic Sanctions ,
Export Controls ,
Foreign Corrupt Practices Act (FCPA) ,
General Licenses ,
Iran Sanctions ,
Office of Foreign Assets Control (OFAC) ,
Rolls-Royce ,
SCOTUS ,
Suspensions & Debarments ,
World Bank
Anticorruption Developments -
The U.S. Court of Appeals for the 10th Circuit Rules That the SEC's Use of ALJs is Unconstitutional
- On December 27, 2016, the U.S. Court of Appeals for the 10th Circuit ruled 2-1...more
1/3/2017
/ Administrative Law Judge (ALJ) ,
Cyber Attacks ,
Enforcement Actions ,
Export Controls ,
Foreign Corrupt Practices Act (FCPA) ,
Office of Foreign Assets Control (OFAC) ,
Red Notices ,
Russia ,
Sanctions ,
SDN List ,
Suspensions & Debarments ,
Teva Pharmaceuticals
JPMorgan Resolves Enforcement Action Regarding China Subsidiary’s Hiring Practices -
On November 17, 2016, JPMorgan Chase & Co. (JPMC) entered into a nonprosecution agreement with the Department of Justice (DOJ), and...more
ANTICORRUPTION DEVELOPMENTS –
DOJ Issues First-Ever Declinations Requiring Disgorgement of Profits to Resolve FCPA Violations -
On September 29, 2016, the Department of Justice (DOJ) for the first time announced...more
11/2/2016
/ Burma ,
Consent Agreements ,
Conspiracies ,
Cuba ,
Declination ,
Disgorgement ,
Exports ,
Foreign Corrupt Practices Act (FCPA) ,
GlaxoSmithKline ,
Iran Sanctions ,
Myanmar ,
Suspensions & Debarments
Former CEO of Harris Corporation’s Chinese Subsidiary Pays $46,000 to Settle Alleged FCPA Violations; No Charges for Company -
On September 13, 2016, the Securities and Exchange Commission (SEC) issued a...more
10/5/2016
/ Airbus ,
Aviation Industry ,
Boeing ,
China ,
Export Controls ,
Film Industry ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Investment ,
General Licenses ,
Iran Sanctions ,
Russia ,
South Korea ,
Subsidiaries
LATAM Airlines Agrees to Pay $22 Million to Settle FCPA Cases -
Last month, LATAM Airlines (“LATAM”), based in Santiago, Chile, agreed to pay $22 million to settle parallel civil and criminal proceedings involving...more
10/4/2016
/ Airbus ,
Aviation Industry ,
Beneficial Owner ,
Boeing ,
Cuban Assets Control Regulations (CACR) ,
Customer Due Diligence (CDD) ,
Deferred Prosecution Agreements ,
Export Controls ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Narcotics Kingpin Sanctions ,
General Licenses ,
Health Insurance ,
Humana ,
Iran Sanctions ,
Office of Foreign Assets Control (OFAC) ,
SDN List
LATAM Airlines Agrees to Pay $22 Million to Settle FCPA Cases -
Last month, LATAM Airlines (“LATAM”), based in Santiago, Chile, agreed to pay $22 million to settle parallel civil and criminal proceedings involving...more
10/4/2016
/ Airbus ,
Aviation Industry ,
Boeing ,
Cuba ,
Export Controls ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Narcotics Kingpin Sanctions ,
General Licenses ,
Iran Sanctions ,
Office of Foreign Assets Control (OFAC) ,
SDN List
LATAM Airlines Agrees to Pay $22 Million to Settle FCPA Cases -
Last month, LATAM Airlines (“LATAM”), based in Santiago, Chile, agreed to pay $22 million to settle parallel civil and criminal proceedings involving...more
10/4/2016
/ Airbus ,
Aviation Industry ,
Beneficial Owner ,
Boeing ,
Cuban Assets Control Regulations (CACR) ,
Customer Due Diligence (CDD) ,
Deferred Prosecution Agreements ,
Export Controls ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Narcotics Kingpin Sanctions ,
General Licenses ,
Health Insurance ,
Humana ,
Iran Sanctions ,
Office of Foreign Assets Control (OFAC) ,
SDN List