The Federal Communications Commission fined Siemens Corporation and Siemens Medical Solutions $175,000 Thursday for failing to disclose corporate felony convictions as required by the FCC's rules.
Entries in Siemens (151)
Major conferences like Compliance Week 2016 are the perfect venue for witnessing the continuing development of the dynamic and fast-evolving compliance profession.
Qualcomm Inc. agreed to pay a fine of $975 million to regulators in China. The biggest corporate fine in the country's history resolves a 14-month investigation for anti-competitive practices.
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.
Paris-based Alstom pleaded guilty Monday to bribing officials in Indonesia, Saudi Arabia, Egypt, and the Bahamas. It will pay $772 million in criminal penalties to settle the charges, the DOJ said.
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.
FCPA enforcement has waxed and waned during Eric Holder's six-year tenure as U.S. Attorney General. But that's not the whole picture. During the same time, global anti-corruption enforcement has picked up speed and is more robust today than ever. Enforcement actions are breaking out all over -- from Japan to Canada, from the UK, Italy, France and Germany to Australia, and across Scandinavia to Africa and South America. The enforcement world is now a different place.
When a company suspects a competitor is going to pay bribes, the temptation is to do the same thing. Bribe takers encourage a bribery bidding war. They want the biggest bribe to win the business, not the best price, product or service.
The private sector has long been a critical partner for the World Bank Group, providing necessary goods and services to countries in need while stimulating economies by creating new jobs.
Business has benefited from World Bank Group-financed contracts and the enhanced image and credibility that come from working on projects that help the greater good.