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
On August 25, 2017, President Trump issued an Executive Order (EO) imposing economic sanctions related to Venezuela. The new measures prohibit U.S. persons from engaging in certain debt-, equity-, and securities-related...more
8/31/2017
/ Agricultural Sector ,
Blocked Person ,
Bonds ,
Citgo ,
Debt-Equity ,
Dividends ,
Economic Sanctions ,
Executive Orders ,
General Licenses ,
Medical Devices ,
Office of Foreign Assets Control (OFAC) ,
Patented Medicines ,
SDN List ,
Securities Transactions ,
Trump Administration ,
Venezuela
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 -
Steven Peikin Reported to Become Co-Director of SEC’s Enforcement Division -
On May 26, 2017, The Wall Street Journal reported that recently confirmed Commissioner Jay Clayton will hire...more
6/12/2017
/ Anti-Corruption ,
Bribery ,
Criminal Prosecution ,
Czech Republic ,
Defense Contracts ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Enforcement Actions ,
Espionage ,
Export Controls ,
Financial Conduct Authority (FCA) ,
General-Business ,
Guilty Pleas ,
International Trade ,
Money Laundering ,
NAFTA ,
Office of Foreign Assets Control (OFAC) ,
Presidential Appointments ,
Public Comment ,
Sanction Violations ,
Securities ,
Securities and Exchange Commission (SEC) ,
Serious Fraud Office (SFO) ,
Singapore ,
Suspensions & Debarments ,
Trump Administration ,
UK ,
Whistleblowers ,
White Collar Crimes ,
World Bank
ANTICORRUPTION DEVELOPMENTS -
Steven Peikin Reported to Become Co-Director of SEC’s Enforcement Division -
On May 26, 2017, The Wall Street Journal reported that recently confirmed Commissioner Jay Clayton will hire...more
6/12/2017
/ Anti-Corruption ,
Bribery ,
Criminal Prosecution ,
Czech Republic ,
Defense Contracts ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Enforcement Actions ,
Espionage ,
Export Controls ,
Financial Conduct Authority (FCA) ,
General-Business ,
Guilty Pleas ,
International Trade ,
Money Laundering ,
NAFTA ,
Office of Foreign Assets Control (OFAC) ,
Presidential Appointments ,
Public Comment ,
Sanction Violations ,
Securities ,
Securities and Exchange Commission (SEC) ,
Serious Fraud Office (SFO) ,
Singapore ,
Suspensions & Debarments ,
Trump Administration ,
UK ,
Whistleblowers ,
White Collar Crimes ,
World Bank
ANTICORRUPTION DEVELOPMENTS -
Steven Peikin Reported to Become Co-Director of SEC’s Enforcement Division -
On May 26, 2017, The Wall Street Journal reported that recently confirmed Commissioner Jay Clayton will...more
6/1/2017
/ Anti-Corruption ,
Bribery ,
Criminal Prosecution ,
Czech Republic ,
Defense Contracts ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Enforcement Actions ,
Espionage ,
Export Controls ,
Financial Conduct Authority (FCA) ,
Guilty Pleas ,
Money Laundering ,
NAFTA ,
Office of Foreign Assets Control (OFAC) ,
Presidential Appointments ,
Public Comment ,
Sanction Violations ,
Securities and Exchange Commission (SEC) ,
Serious Fraud Office (SFO) ,
Singapore ,
Suspensions & Debarments ,
Trump Administration ,
UK ,
Whistleblowers ,
White Collar Crimes ,
World Bank
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
Key Points -
- Effective today, a new general license reverses two decades of U.S. policy by authorizing all transactions otherwise prohibited by the Sudanese Sanctions Regulations (SSR), including all transactions...more
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
On October 2, 2016, the National Security Division (NSD) of the U.S. Department of Justice (DOJ) established a formal, voluntary self-disclosure program for criminal violations of U.S. economic sanctions and export controls...more
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 -
Former Securency Manager Convicted of Corruption -
On May 11, 2016, Peter Michael Chapman, former manager of polymer banknote manufacturer Securency PTY Ltd. (“Securency”), was...more
6/2/2016
/ Africa ,
Arms Embargo ,
China ,
Export Controls ,
Mining Contracts ,
Myanmar ,
Nonprofits ,
Office of Foreign Assets Control (OFAC) ,
Panama ,
Red Notices ,
Vietnam ,
Waked Sanctions
ANTICORRUPTION DEVELOPMENTS –
Final Judgments Entered Against Seven Former DAP Employees; Four Ordered to Pay -
The Securities and Exchange Commission (SEC) announced earlier this month that on April 6 and 7, 2016,...more
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
On March 24, 2016, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued General License I authorizing U.S. persons to undertake certain transactions ordinarily incident to the negotiation of, and...more
On Wednesday, March 16, 2016, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) implemented amendments to the Cuban...more