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Category Archives: FCPA

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Last Weeks of the Year See a Flurry of FCPA Enforcement

Posted in Compliance, FCPA
The last two weeks of 2016 have seen a flurry of Foreign Corrupt Practices Act (FCPA) enforcement actions: a $519 million settlement against Israel’s Teva Pharmaceutical, an action in the billions against Brazilian construction conglomerate Odebrecht and its petrochemical unit, Braskem, and a $75 million settlement by Kentucky-based General Cable Corporation. Teva’s December 22 settlement… Continue Reading

Och-Ziff Capital Enters into Fourth-Largest FCPA Settlement in History

Posted in FCPA
On September 29, 2016, the Securities and Exchange Commission announced that Och-Ziff Capital Management Group will pay nearly $200 million to settle civil Foreign Corrupt Practices Act (FCPA) charges.  Combined with the expected criminal penalty of $213 million from the U.S. Department of Justice (DOJ), Och-Ziff’s $413 million settlement will land it fourth on the… Continue Reading

LATAM Airlines Pays $22 Million to Settle FCPA Allegations

Posted in FCPA
On Monday, Chile-based airline LAN Airlines SA (now operating at LATAM Airlines Group) entered into a $22 million agreement with the U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ), to settle allegations that it violated the Foreign Corrupt Practices Act (FCPA).  The alleged violations involved the facilitation of bribes to Argentinian… Continue Reading

Wiley Rein Releases In a Nutshell: What You Need to Know About the FCPA in 2015

Posted in FCPA
On February 29, Wiley Rein published its annual Foreign Corrupt Practices Act (FCPA) Year-in-Review article: In a Nutshell: What You Need to Know About the FCPA in 2015.  The article provides statistics on enforcement actions and penalties, an analysis of investigative trends and more, chronicling another busy year in FCPA enforcement.  Some of the points… Continue Reading

PTC Pays $28 Million in 2016’s Second Software-Focused FCPA Enforcement Action

Posted in Compliance, FCPA
On February 16, Massachusetts-based software company PTC Inc. paid $28 million to settle Foreign Corrupt Practices Act (FCPA) enforcement actions with both the Department of Justice (DOJ) and U.S. Securities and Exchange Commission (SEC). PTC’s two China units – based in Shanghai and Hong Kong – were alleged to have paid for employees of various… Continue Reading

Wiley Rein Releases Foreign Corrupt Practices Act: 2014 Year-in-Review

Posted in FCPA
Last week, Wiley Rein published its annual Foreign Corrupt Practices Act (FCPA) Year-in-Review article for 2014.  The article provides statistics on enforcement actions and penalties, an analysis of investigative trends and more, chronicling the extremely busy past year in FCPA enforcement.  Some of the highlights from the year-in-review include: 2014’s enforcement activity included two of… Continue Reading

ABA Section of International Law Explores Global Anti-Corruption Compliance and Enforcement

Posted in FCPA
If you attended the ABA’s Section of International Law 2014 Fall Meeting, held October 21-25 in Buenos Aires, chances are that you attended at least one panel on anti-corruption-related issues. It’s no coincidence that the meeting featured five separate panels addressing international anti-corruption compliance and enforcement – national (and even multi-national) regulators are increasingly active,… Continue Reading
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