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FCPA Blog Daily News

Entries in Alcoa World Alumina LLC (6)

Tuesday
Oct072014

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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Tuesday
Apr012014

Enforcement Report for Q1 '14

It was a busy three months for FCPA and related enforcement. Alcoa and a subsidiary landed 5th on the FCPA top ten list with a $384 million settlement. And Japan's Marubeni made the enforcement report for the second time in just over two years.

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Thursday
Feb272014

Top U.S. prosecutor, Mythili Raman, leaving Justice Department

Acting Assistant Attorney General Mythili Raman of the Department of Justice's Criminal Division announced on Wednesday that she is leaving the agency, effective as of March 21, 2014.

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Friday
Feb142014

Avon sets aside millions more for FCPA settlement

Avon Products Inc. said it could pay as much as $132 million to settle an ongoing investigation into whether it paid bribes in China and other countries in exchange for government permits it needed to open new markets.

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Thursday
Jan232014

Alcoa discloses payment terms of $384 million FCPA settlement

Image courtesy of AlbaHere's Alcoa's disclosure from its Form 8-K filed with the SEC on January 10 about the FCPA enforcement action that landed 5th on our Top Ten list:

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Thursday
Jan092014

Alcoa settles FCPA charge, pays $384 million to DOJ, SEC

A unit of Alcoa agreed to plead guilty Thursday in the Western District of Pennsylvania to one count of violating the anti-bribery provisions of the FCPA with a 2004 corrupt transaction. Alcoa World Alumina LLC, a majority-owned subsidiary, will pay a criminal fine of $209 million and forfeit $14 million to settle the DOJ’s charges. Alcoa Inc., the corporate parent, also agreed to resolve civil charges brought by the Securities and Exchange Commission by disgorging $161 million.

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