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FCPA Blog Daily News

Entries in Charitable Contributions (29)

Monday
Dec192016

Laureate Education probes $18 million donation to Turkish charity

The biggest operator of for-profit higher education schools is investigating an $18 million charitable donation in Turkey and whether some of the money was diverted to a government official.

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Wednesday
Sep212016

Nu Skin violates FCPA with China charitable donation 

For just the second time in the Foreign Corrupt Practices Act's 39-year history, a company was charged with FCPA offenses based solely on a charitable contribution that was intended to buy the influence of a foreign official.

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Wednesday
Mar232016

Why worry about compliance for overseas charitable contributions? Because the Feds do

Last month Amsterdam-based VimpelCom Limited and its wholly owned Uzbek subsidiary, Unitel LLC, paid U.S. penalties of $397.6 million to resolve FCPA offenses.

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Tuesday
Mar152016

Practice note: Compliance controls for charitable giving

While clear policies on charitable contributions are important, the controls implementing these policies are equally critical to an effective compliance program.

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Monday
Feb292016

Charitable giving: Recognize the warning signs and mitigate the risks

Many individuals, non-profits, and corporations actively support charitable causes around the world. The need to support worthwhile charitable projects in many developing markets is particularly acute due to local needs, the lack of government funding, and the lack of an adequately developed infrastructure.

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Monday
Feb222016

Practice note: Philanthropic and grant-giving activities in emerging markets

In the e-book we wrote as a guide to navigating corruption challenges in emerging markets, we talk in one chapter about guarding against anti-corruption problems in connection with philanthropic and grant-giving activities.

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Thursday
Feb182016

VimpelCom reaches $795 million resolution with U.S., Dutch authorities

Amsterdam-based VimpelCom Limited, the world’s sixth-largest telecommunications company, and its wholly owned Uzbek subsidiary, Unitel LLC, entered into resolutions with the DOJ, SEC, and Dutch authorities Thursday for paying more than $114 million in bribes to a government official in Uzbekistan between 2006 and 2012.

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Wednesday
Sep302015

Hyperdynamics resolves FCPA offenses linked to Guinea payments

Hyperdynamics Corporation Tuesday settled alleged FCPA books and records and internal controls offenses by agreeing to pay the SEC $75,000.

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Tuesday
May262015

DOJ declination for Hyperdynamics

Hyperdynamics Corporation said Friday the DOJ has closed its FCPA investigation without bringing any charges against the company.

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Tuesday
Mar032015

How do pharmas pay bribes? The SEC counts the ways

In a speech Tuesday at CBI's Annual Pharmaceutical Compliance Congress in Washington D.C., the head of the SEC's enforcement division, Andrew Ceresney, left, talked about the most common ways pharmas violate the FCPA.

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Monday
Nov242014

IKEA’s charitable giving in Russia and the FCPA (Part Six)

This is the final post in my series analyzing IKEA’s charitable contributions in Russia in the 1990s and early 2000s. I haven’t presumed IKEA was subject to the FCPA when the events happened or that any FCPA violations might have occurred. Instead, I’ve looked at IKEA’s Russia experience to learn more about charitable giving under the FCPA and how to manage giving programs.

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Friday
Nov212014

IKEA’s charitable giving in Russia and the FCPA (Part Five)

This is the fifth post in our series about IKEA’s charitable contributions in Russia in the 1990s and early 2000s. Today we’re looking at an event that at first glance doesn’t even appear to be a donation.

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