Kentucky-based General Cable Corporation said it reserved $24 million that's "likely to be disgorged" to the SEC in a possible settlement of FCPA offenses.
Entries in Portugal (8)
Portugal's former prime minister was detained at the Lisbon airport for questioning on November 21 and three days later was taken into custody for suspected tax fraud, money laundering, and corruption.
There still seems to be some debate as to whether the FCPA, the UK Bribery Act, and other international focused anti-bribery legislation aids in the fight against terrorism. But the continuum from corruption to crime to terrorism is well-established and arguing that laws such as the FCPA have no place in a country’s overall security regime seems to be me to be naive at best.
Kentucky-based General Cable Corporation said in an SEC filing Monday that it is investigating "certain commission payments involving sales to customers" in Angola, and the way the payments were reflected in the company's books and records. Payments to agents in Thailand and India are also being investigated and "may have implications under the FCPA," the company said.
The publication last week of the EU’s first corruption monitoring report, with biennial ones to follow, highlights a striking disparity between its 28 members in tackling corruption.
New report from TI links corruption in Europe with debt problems there.
Corruption problems underlie the Greek debt crisis and may prevent an economic recovery, according to a new study by Transparency International.
Miller and Chevalier's FCPA Winter Review 2012 noted a couple of significant enforcement actions in Europe in late 2011.