With a wild ride of FCPA cases over the past week, Jay Rosen and I are back in the FCPA saddle again to take a look at some of the top compliance stories from the past week.
1. Société Générale S.A. becomes No. 5 in the Top 10 of FCPA settlements, paying $585MM for bribes paid to garner business in Libya.
2. Legg Mason pays $71MM for being SocGen’s partner and fellow bribery schemer in Libya. See more +
With a wild ride of FCPA cases over the past week, Jay Rosen and I are back in the FCPA saddle again to take a look at some of the top compliance stories from the past week.
1. Société Générale S.A. becomes No. 5 in the Top 10 of FCPA settlements, paying $585MM for bribes paid to garner business in Libya.
2. Legg Mason pays $71MM for being SocGen’s partner and fellow bribery schemer in Libya.
3. Credit Suisse pays $47MM to settle a princeling FCPA enforcement action for its illegal hiring of sons and daughters of Chinese government officials.
4. The devastating and company closing sanctions against ZTE will be lifted based upon a new deal with the Department of Commerce.
5. In another princeling matter, Jonathan Browning and Donal Griffin report in Bloomberg that Deutsche Bank AG is under FCPA scrutiny for similar practices involving sons and daughters of Russian government officials.
6. The new Director of the UK Serious Fraud Office is a Yank.
7. Channeling his inner Churchill, Mike Volkov asks what happens when corporate leaders fail to listen.
8. Netflix is more than a disruptor in movie watching and entertainment. Its corporate governance model is also quite unique.
9. Tom announces a new Compliance Master Class, which will be held in Houston on June 21 & 22. Information and registration is available here. Learn about compliance from the guy who wrote the book on compliance.
10. Support your local book sellers! River Oaks Bookstore, 3270 Westheimer, in Houston is now stocking The Complete Compliance Handbook. Tom will be on hand for a book signing on Thursday, June 28 from 5:30 to 7.
11. Tom’s new book, The Complete Compliance Handbook, remains a hot seller. It is available on Amazon.com.
12. Tom has a great five-part series on Suspension and Debarment with AMI Managing Director Rod Grandon. Check out all five topics. Part 1-Introduction; Part 2-the differences between suspension and debarment; Part 3-Convergence of suspension and debarment and the FCPA; Part 4-what is present responsibility?; and Part 5-Remedies and Compliance.
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