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FCPA Blog Daily News

Entries in Alcoa (56)


As FCPA enforcement gets tougher, compliance demands bold measures

As I recently wrote for the Accelus Regulatory Intelligence subscription service, bold measures are required of multinational firms to stay in compliance with the FCPA. Firms need to know not only what all of their divisions and employees are doing, but what their subsidiaries and vendors are doing.

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From Alstom: Six reasons why non-U.S. companies dominate the FCPA top ten list

The current list of the ten biggest FCPA cases includes only two U.S.-based companies -- KBR at number three and Alcoa at number six. The rest are non-U.S. companies.

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Avon disgorgement lands on top ten list

Image courtesy of AvonAvon's $135 million settlement with the DOJ and SEC earlier this month included a disgorgement to the SEC with interest that ranks 8th on our list of the biggest FCPA disgorgements.

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With Alstom, three French companies are now in the FCPA top ten

Monday's $772 million DOJ enforcement action against Alstom SA and several subsidiaries landed second on our list of the top ten FCPA cases of all time.

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Bio-Rad cracks the disgorgement top ten list

Bio-Rad Laboratories paid a total of $55 million Monday to settle FCPA offenses. About $40 million of that went to the SEC as disgorgement. That payment landed tenth on our list of the biggest FCPA-related disgorgements.

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How Alcoa avoided a $1 billion criminal fine while others got hammered

Leslie Caldwell, chief of the DOJ's criminal division, talked at last week's Annual Ethics and Compliance Conference in Atlanta. She covered the ten hallmarks of an effective compliance program and cooperation with the DOJ in FCPA and other white-collar investigations. Her examples of good and bad corporate behavior came from real life.

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SFO: Bruce Hall £3 million confiscation order ‘paid in full’

The UK Serious Fraud Office said Friday that its £3 million ($5 million) confiscation order against former Alba chief Bruce Hall has been fully paid.

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Former Alba CEO Bruce Hall jailed in the UK

An Australian executive who once served as CEO of state-owned Aluminium Bahrain B.S.C. (Alba) was jailed Tuesday in the UK for 16 months.

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Survey: Despite growing enforcement risks, adoption of compliance programs has stalled

Ernst & Young just issued its 13th Global Fraud Survey. It shows  regulators aggressively pursuing financial fraud and bribery cases, and expressing increasing concern over cyber risks.

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Are Administrative Proceedings the New Civil Complaints?

Click to enlargeAt ACI's annual FCPA Conference last November, SEC FCPA Unit Chief Kara N. Brockmeyer disclosed that the SEC expects to rely more frequently on administrative proceedings (as opposed to more traditional civil court actions) to resolve FCPA-related enforcement matters.

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