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
ANTICORRUPTION DEVELOPMENTS –
Olympus to Pay $646 Million for AntiKickback and FCPA Violations -
Early this month, Olympus Corp. of the Americas (OCA) settled government investigations related to violations of the...more
4/8/2016
/ Anti-Kickback Statute ,
BSA/AML ,
Cuba ,
Economic Sanctions ,
Export Controls ,
FinCEN ,
Foreign Corrupt Practices Act (FCPA) ,
INTERPOL ,
Novartis ,
Office of Foreign Assets Control (OFAC) ,
Qualcomm ,
Red Notices ,
World Bank ,
ZTE
DOJ and SEC Announce Settlement with PTC, Inc. in FCPA Case Involving SEC’s First Individual Deferred Prosecution Agreement -
On February 16, 2016, the U.S. Securities and Exchange Commission (SEC) and the U.S....more
ANTICORRUPTION DEVELOPMENTS -
Convicted Printing Company Ordered to Pay £2.2 Million -
On January 8, 2016, the Serious Fraud Office (SFO) announced that Smith & Ouzman Ltd, a U.K. security printing company, was...more
2/3/2016
/ Africa ,
Anti-Corruption ,
Cash Transactions ,
Criminal Prosecution ,
Export Controls ,
FinCEN ,
Foreign Corrupt Practices Act (FCPA) ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
Office of Foreign Assets Control (OFAC) ,
Panama ,
Public Officials ,
Red Notices ,
SAP America Inc. ,
Serious Fraud Office (SFO) ,
UK ,
Venezuela
Welcome to the October 2015 edition of Red Notice, a publication of Akin Gump Strauss Hauer & Feld LLP.
This month on the anticorruption front, a Japanese multinational conglomerate settles U.S. Securities and Exchange...more
11/3/2015
/ Arms Export Control Act ,
Bribery ,
Criminal Conspiracy ,
Department of Justice (DOJ) ,
Electronics ,
Energy Exploration ,
Enforcement Actions ,
Export Controls ,
Firearms ,
Foreign Corrupt Practices Act (FCPA) ,
Hitachi ,
Iran Sanctions ,
ITAR ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Private Utility ,
Red Notices ,
Russia ,
Sanctions ,
Securities and Exchange Commission (SEC) ,
UK Bribery Act ,
USML
Welcome to the August 2015 edition of Red Notice, a publication of Akin Gump Strauss Hauer & Feld LLP.
This month on the anticorruption front, the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange...more
9/1/2015
/ Bribery ,
BVI Business Companies ,
C-Suite Executives ,
Chief Compliance Officers ,
Compliance ,
Construction Project ,
Crimea ,
Criminal Conspiracy ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Export Controls ,
FBI ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Official ,
GlaxoSmithKline ,
Guidance Update ,
Illegal Arms Dealers ,
India ,
Insurance Industry ,
Joint Comprehensive Plan of Action (JCPOA) ,
Manufacturers ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Pharmaceutical Industry ,
Red Notices ,
Romania ,
Russia ,
Sanctions ,
Securities and Exchange Commission (SEC) ,
Smuggling ,
Software ,
UK ,
Whistleblowers ,
WMD
This month on the anticorruption front, an energy company announces the U.S. Department of Justice (DOJ) has declined to bring charges following an Foreign Corrupt Practices Act (FCPA)-related investigation, the protracted...more
7/3/2015
/ Africa ,
Bank Secrecy Act ,
Bribery ,
Bureau of Industry and Security (BIS) ,
Construction Industry ,
Contractors ,
Declination ,
Department of Justice (DOJ) ,
Enforcement Actions ,
FinCEN ,
Foreign Corrupt Practices Act (FCPA) ,
France ,
Government Investigations ,
Hotels ,
Mining ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Oil for Food Program ,
PetroTiger ,
Red Notices ,
Suspensions & Debarments ,
UK ,
World Bank