Archive

Singapore Shipping Company Pays Major FCPA Fine for Foreign Bribery

Posted 12/26/17

By the C|C Whistleblower Lawyer Team On Friday, the Department of Justice announced a major Foreign Corrupt Practices Act (FCPA) settlement with Keppel Offshore & Marine Ltd., a Singapore-based company that operates shipyards and repairs and upgrades shipping vessels, and its wholly owned U.S. subsidiary Keppel Offshore & Marine USA Inc. The companies agreed to pay a combined total penalty of more than $422 million...

Tagged in: FCPA,

Five Individuals Charged in Rolls-Royce Foreign Bribery Scheme

Posted 11/8/17

By the C|C Whistleblower Lawyer Team Charges were unsealed yesterday against three former Rolls-Royce employees and two other individual for their alleged participation in a scheme to bribe foreign officials to benefit a U.S.-based Rolls-Royce subsidiary, including to win work on a new gas pipeline. According to the unsealed indictment, the three Rolls-Royce employees along with an employee at a consulting firm...

Tagged in: FCPA,

DOJ Catch of the Week -- Telia

Posted 09/22/17

By the C|C Whistleblower Lawyer Team This week's Department of Justice "Catch of the Week" goes to Stockholm-based Telia Company AB and its Uzbek subsidiary Coscom LLC. Yesterday, the international telecommunications company agreed to pay $965 million to resolve charges of violating the Foreign Corrupt Practices Act (FCPA) arising out of a scheme to pay bribes in Uzbekistan. According to the government, it is...

Tagged in: Catch of the Week, FCPA,

Sinopec Under Investigation over Bribery in Nigeria

Posted 08/31/17

By the C|C Whistleblower Lawyer Team The DOJ and SEC are investigating Chinese national oil and gas company Sinopec over allegations the company paid over $100 million in bribes to Nigerian government officials to resolve a business dispute in the country. Sinopec, also known as China Petroleum & Chemical Corporation, is a state-owned oil and gas company, and the second largest oil company in the world by revenue....

Tagged in: FCPA,

DOJ Investigating Uber for Foreign Bribes

Posted 08/30/17

By the C|C Whistleblower Lawyer Team A new story from the Wall Street Journal reveals that the Department of Justice (DOJ) is investigating whether Uber managers provided bribes to foreign officials in violation of the Foreign Corrupt Practices Act (FCPA). The FCPA broadly prohibits American companies from seeking a competitive advantage through bribes to foreign officials. Under the leadership of co-founder...

Tagged in: FCPA,

Five Israeli State Electric Company Executives Sentenced in Siemens Bribery Scandal

Posted 06/15/17

By the C|C Whistleblower Lawyer Team This past May, Siemens paid $43 million to settle bribery allegations involving its business with the Israeli government. Siemens was accused of bribing executives at the Israeli state-owned power company to win contracts to manufacture power turbines. The conduct allegedly went on between 1999 and 2005, during which time Israel purchased more than $650 million worth of gas...

Tagged in: FCPA, Money Laundering,

Critics: Trump's Conflicts Could Undercut Global Efforts to Fight Corruption

Posted 02/23/17

By the C|C Whistleblower Lawyer Team Many in the global fight against government corruption worry early signals sent by the Trump administration could undercut that effort. Trump’s signing of a law repealing disclosure requirements for oil and gas companies operating abroad, his numerous conflicts of interest, and his steadfast refusal to release his federal tax returns are seen as signs the US federal government...

Tagged in: FCPA,

Mining, Oil and Gas Whistleblowers More Essential Than Ever After SEC Rule Repeal

Posted 02/9/17

American companies are no strangers to the extractive industries in Africa. Exxon has operated on the continent for more than 100 years. Exxon is also well acquainted with rumors and scandal regarding corruption in the African oil industry, having been accused of paying bribes to the ruling family of Equatorial Guinea. Now, with the repeal of an SEC disclosure rule, whistleblowers are more necessary than ever to...

Tagged in: FCPA, International Whistleblowers, Regulatory Violations,

GOP moves to gut SEC anti-graft rule

Posted 01/26/17

By the C|C Whistleblower Lawyer Team Congressional Republicans are planning to repeal an SEC rule, established under the Dodd-Frank Act, which requires oil, gas, and mining companies to disclose all payments to foreign governments for things like licenses and permits. Experts say such payments are often used to conceal bribes. The rule is currently set to go into effect in 2018. The enactment of previous version of...

Tagged in: FCPA, Legislation and Regulation News,

Top-5 Foreign Corrupt Practices Act (FCPA) Settlements for 2016

Posted 01/3/17

By the C|C Whistleblower Lawyer Team Here is our look-back at the top-5 Foreign Corrupt Practices Act (FCPA) settlements for 2016. 5. Och-Ziff Capital Management Group LLC -- The New York-based alternative investment and hedge fund manager, and its wholly-owned subsidiary OZ Africa Management GP LLC, agreed to pay a criminal penalty of more than $213 million to settle charges of violating the Foreign Corrupt...

Tagged in: FCPA, Top 10,

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Singapore Shipping Company Pays Major FCPA Fine for Foreign Bribery

Five Individuals Charged in Rolls-Royce Foreign Bribery Scheme

DOJ Catch of the Week -- Telia

Sinopec Under Investigation over Bribery in Nigeria

DOJ Investigating Uber for Foreign Bribes

Five Israeli State Electric Company Executives Sentenced in Siemens Bribery Scandal

Critics: Trump's Conflicts Could Undercut Global Efforts to Fight Corruption

Mining, Oil and Gas Whistleblowers More Essential Than Ever After SEC Rule Repeal

GOP moves to gut SEC anti-graft rule

Top-5 Foreign Corrupt Practices Act (FCPA) Settlements for 2016

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