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TNT Deal Opens UPS To Sanctions Risks
Bloomberg In order to avoid running afoul of U.S. sanctions and embargoes, UPS may have to unwind TNT’s business in those countries or institute rigorous and costly compliance and due diligence systems, according to experts on trade and export law. -
Oxfam Files Lawsuit Against SEC Over Extractive Industry Rules
Dmitry Lovetsky/Associated Press Oxfam America, an international relief and development organization, filed a lawsuit Wednesday in U.S. District Court in Massachusetts against the Securities and Exchange Commission for delaying the issuance of a final rule governing a program created by the Dodd-Frank Act that mandates oil, gas and mining companies disclose payments to foreign governments. -
High Tide: From Shrugging At Wal-Mart To Calling For FATCA Delays
Mike Lucas Corporate America shrugged at the Wal-Mart Stores Inc. bribery scandal because a 2003 case showed the law has weaker teeth than it seemed. Financial institutions from around the world called for delays and changes to soften proposed rules governing FATCA.
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DPA/NPA Database
Created in partnership with Baker & McKenzie, this database contains records of every NPA/DPA issued since 1993.
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FCPA BrickFilms and RealBiz Shorts
RealBiz Shorts and Ethics Brick Films — Two creative ways to communicate ethics and compliance to a global workforce.
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Complimentary Corpedia FCPA Program Diagnostic
Protect your organization from compliance failures and subsequent prosecution focused on FCPA and anti-corruption laws.
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Does Your Compliance Program Need a Check-Up?
By Timothy L. Dickinson and Corinne A. Lammers
www.paulhastings.com
Introduction When was the last time your anti-corruption compliance program had a check-up? Like any other “wellness” program, a periodic review of a company’s compliance program is an integral component of its overall health. As with many of us who delay personal health check-ups, a compliance check-up is often put off until a problem arises, at which point a significant … (read more)
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Greece Payments: Smith & Nephew Settles Allegations of Corrupt Payments to Greek Surgeons
By Kevin Davis, Vinson & Elkins
www.velaw.com
Showing a continued focus on FCPA enforcement in the healthcare industry, the DOJ and SEC fined U.S.-based medical device maker, Smith & Nephew Inc. (“S&N-US”), and its U.K. parent company, Smith & Nephew plc (“S&N-UK”), $22.2 million as part of an FCPA settlement earlier this month. According to the DOJ criminal information, between 1998 and 2008, S&N-US and a German … (read more)
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International Law Advisory – Analysis: Alcatel-Lucent’s $137 Million FCPA Settlements Reflect Expansive Jurisdiction, New Compliance Standards, International Cooperation, and Collateral Risks
By Lucinda Low, Brittany Prelogar, David Lorello, Charles Morris and the Steptoe FCPA/Anti-Corruption Practice
www.steptoe.com
On December 27, 2010, Alcatel-Lucent, S.A. (“Alcatel-Lucent”), a French telecommunications equipment and services provider, settled charges with the US government under the Foreign Corrupt Practices Act (“FCPA”).[1] The agreements resolved allegations that between 2000 and 2006 Alcatel-Lucent and several of its non-US subsidiaries made improper payments through third-party consultants to officials in Costa Rica, Honduras, Taiwan, Malaysia, and other countries. … (read more)
