Entries in Third Parties (18)
FCPA Blog sponsor Kroll released a survey showing that 75% of compliance officers aren't involved in managing cyber security risk.
Brazil's Clean Companies Act took effect on January 29. It subjects domestic and multinational companies operating in Brazil to severe civil and administrative sanctions for bribing domestic or foreign government officials. Violations can result in fines of up to 20 percent of company revenue.
Kansas-based Layne Christensen Company said last week it has increased its reserve for a potential FCPA settlement from $4.8 million to $10.4 million. That amount, the company said, represents the low end of the range for a possible settlement, which could also reach $16 million.
Park-Ohio Industries Inc. said Thursday a third-party payment on its behalf to tax authorities may have violated the Foreign Corrupt Practices Act.
Agilent Technologies disclosed that employees in China working with third-party intermediaries may have violated the company's business conduct policy and the FCPA.
The SEC’s apparent industry sweep of film studios in April 2012 raised a lot of eyebrows. While the sweep’s commencement was surprising, it disappeared as quickly as it started. Though no one outside the U.S. government knows exactly what, if anything, the SEC uncovered, this action certainly forced filmmakers to take notice of the FCPA.
[Editor's Note: This post comes from a reader who asked not to be named. We're very grateful for his generosity -- rlc]
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As the GlaxoSmithKline bribery investigation widens, it will soon engulf hundreds of third parties across China, accused of being conduits for bribe paying.