A former manager of a polymer banknote manufacturer was convicted Wednesday of four counts of making corrupt payments to a foreign official.
Entries in South Africa (28)
Four years after renovations to his Nkandla homestead were completed, South Africa President Jacob Zuma has finally agreed to pick up the tab -- or some of it at least.
2015 continued the trend of FCPA enforcement actions brought by the SEC with no parallel DOJ enforcement action. As you might expect, these SEC enforcement actions turned on violations of the FCPA accounting provision, either the books and records or the internal controls provisions.
The Securities and Exchange Commission Monday charged Tokyo-based conglomerate Hitachi, Ltd. with violating the Foreign Corrupt Practices Act when it inaccurately recorded improper payments to South Africa’s ruling political party in connection with contracts to build two multi-billion dollar power plants.
U.S. Attorney General Loretta Lynch said Monday the investigation into graft at FIFA has expanded and she anticipates "pursuing additional charges against individuals and entities."
South African miner Gold Fields Ltd. issued a statement Monday saying the SEC closed its FCPA investigation and won't recommend an enforcement action against the company.
Net 1 UEPS Technologies said in a securities filing Monday that the SEC isn't recommending an enforcement action after investigating possible violations of the Foreign Corrupt Practices Act.
The public corruption watchdog in South Africa is investigating a secret $5 million payment by a Canadian company to a middleman who describes himself as an "influential individual in political circles."
The Justice Department filed a civil forfeiture complaint seeking $106,488.31 allegedly traceable to a $2 million bribe by a Canadian energy company to Chad’s former ambassador to the United States and Canada and his wife.
The Securities and Exchange Commission asked Quanta Services Inc. to preserve documents tied to its Foreign Corrupt Practices Act compliance program, the company said in a securities filing Thursday.
The threat of a possible Phase 3bis evaluation, leading to a public statement of non-compliance, is a sure sign that the Organisation for Economic Co-operation and Development (OECD) Working Group has encountered a brick wall.