Per diems. We in the FCPA bar love to hate them, and with good reason. Who likes the idea of giving cash to foreign officials? If there’s anything that should rankle the anti-corruption specialist, this is it.
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California-based SciClone Pharmaceuticals will pay $12.8 million to settle SEC charges that it violated the Foreign Corrupt Practices Act when employees in China pumped up sales for five years by making improper payments to professionals employed at state health institutions.
Infant-formula maker Mead Johnson Nutrition Company disclosed a new FCPA investigation in its latest SEC filing.
Avon Products Inc. said in an SEC filing Thursday that the Securities and Exchange Commission offered an FCPA settlement last month with monetary penalties that were ‘significantly greater’ than the $12 million the company had offered.
Here's the full FCPA disclosure by Avon Products, Inc. from its Form 10-Q filed with the SEC on November 1:
The DOJ's second Opinion Procedure Release this year approved a plan by 19 non-profit adoption agencies to bring foreign officials to the United States to meet the staff at the agencies and families who have already adopted kids from the officials' country.
The U.K. Serious Fraud Office isn't making any promises to self-reporting companies.
It was an odd event a few weeks ago when the U.K.'s Serious Fraud Office removed some Bribery Act guidance from its website without explanation.
Prague to Perth is more than 15 hours of flying time. Stops in Hong Kong to break up the trip are common, and for some people, necessary. But don't say that to the SEC.
Texas-based medical device company Orthofix International N.V. settled FCPA charges today relating to bribes in Mexico.
Raja Chatterjee, creator and global head of Morgan Stanley’s Anti-Corruption Group, answers our questions about the most common compliance challenges.