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March 7, 2014: FINTRAC issues Ukraine guidance about FACFOU, FACFOA
On Friday, the Canadian FIU issued guidance on the Ukrainian regulations (FACFOU) promulgated recently under the Freezing Assets of Corrupt Foreign Officials Act (FACFOA): Freezing and Disclosure...
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FCPA Enforcement Action: Marubeni Corporation Fined $88 million
From the Justice Department, the full text of the statement: Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, May 15, 2014 Marubeni Corporation Sentenced for Foreign...
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Airbus corruption on UK radar
The FCPA Blog reports that the Serious Fraud Office (SFO) has questioned and detailed four current and former employees of an Airbus subsidiary. The investigation is into allegations that the...
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Yet another regulator to report to in Thailand
Thai banks, according to the Phuket Gazette, will now be required to report cash transactions over 500,000 Baht and property transactions over 1 million Bt by government officials and offices to the...
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Yet another regulator to report to in Thailand
Thai banks, according to the Phuket Gazette, will now be required to report cash transactions over 500,000 Baht and property transactions over 1 million Bt by government officials and offices to the...
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FinCEN Enforcement Action against First National Community Bank of Dunmore, PA
On February 27th, the Financial Crime Enforcement Network (FinCEN) assessed a $1.5 milliion civil monetary penalty (CMP) against First National Community Bank (FNCB) of Dunmore, Pennsylvania for...
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Gotta Catch ‘Em All?
The Department of Justice caught an Army sergeant (and his supervisor, a Master Sergeant) who took over $100,000 in bribes while in Afghanistan from vendors supplying goods for humanitarian relief....
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FinCEN Enforcement Action against First National Community Bank of Dunmore, PA
On February 27th, the Financial Crime Enforcement Network (FinCEN) assessed a $1.5 milliion civil monetary penalty (CMP) against First National Community Bank (FNCB) of Dunmore, Pennsylvania for...
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Gotta Catch ‘Em All?
The Department of Justice caught an Army sergeant (and his supervisor, a Master Sergeant) who took over $100,000 in bribes while in Afghanistan from vendors supplying goods for humanitarian relief....
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FINMA lowers boom on BSI AG
FINMA took the following actions against BSI AG for significant AML program failures: Levied a 95 million CHF disgorgement Ordered the firm taken over by EFG Ordered the firm liquidated within 12...
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DOJ/SEC FCPA Enforcement Action: LATAM Airlines
The fines? Totaling $22.2 million, which include a $12.75 million criminal penalty paid to the Department of Justice, $6.74 million in disgorgement, and $2.7 million to the Securities and Exchange...
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July 21, 2016: OCC to hold enforcement action hearing…
The OCC calls this conflict of interest but, if he were a public official, we’d call it corruption, wouldn’t we? Office of the Comptroller of the Currency Ensuring a safe and sound Federal Banking...
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Och-Ziff Capital Management Coughs up $213 Million FCPA Fine
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, September 29, 2016 Och-Ziff Capital Management Admits to Role in Africa Bribery Conspiracies and Agrees to Pay $213...
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Embraer “settles” for $107 million FCPA fine
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Monday, October 24, 2016 Embraer Agrees to Pay More than $107 Million to Resolve Foreign Corrupt Practices Act Charges Parallel...
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Corruption with a lower-case c – from someone who should know better
In this case, the person in the official position was the one offering the bribe, Department of Justice U.S. Attorney’s Office Eastern District of North Carolina FOR IMMEDIATE RELEASE Friday, October...
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42: Is that the Answer?
With apologies to Douglas Adams, another corruption case: Department of Justice U.S. Attorney’s Office Central District of California FOR IMMEDIATE RELEASE Friday, October 21, 2016 Former State Senator...
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Not all bribery falls under the FCPA
Department of Justice U.S. Attorney’s Office Eastern District of Arkansas FOR IMMEDIATE RELEASE Thursday, October 27, 2016 Owner of Arkansas Juvenile Mental Health Facilities Sentenced to 84 Months in...
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And sometimes, the corruption comes first…
As the story below notes, these are only charges – this person has not been convicted. Department of Justice U.S. Attorney’s Office Eastern District of Michigan FOR IMMEDIATE RELEASE Tuesday,...
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United States v Ng Lap Seng and Jeff C. Yin – FCPA indictment
The pair bribed the UN Ambassadors from the Dominican Republic and Antigua (the indictment says both were at least in the hundreds of thousands of dollars) so the UN would assist Ng’s real estate...
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FCPA doesn’t mean just monetary bribes, JPMC!
JPMorgan Chase Paying $264 Million to Settle FCPA Charges FOR IMMEDIATE RELEASE2016-241 Washington D.C., Nov. 17, 2016 — The Securities and Exchange Commission today announced that JPMorgan Chase...
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