New anti-corruption legislation adopted Tuesday by France allows companies to enter into negotiated settlements with magistrates.
Entries in Total S.A. (9)
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.
Acting Assistant Attorney General Mythili Raman of the Department of Justice's Criminal Division announced on Wednesday that she is leaving the agency, effective as of March 21, 2014.
As part of its $354 million settlement this week, Alcoa agreed to pay the third biggest disgorgement in FCPA history -- $161 million.
Thursday's $384 million enforcement action against Alcoa and one of its subsidiaries ranks 5th on our list of the Top Ten FCPA cases of all time.
The theme of this year's FCPA reporting, detection and enforcement activity is that the bribery of foreign officials is not something the public will tolerate or the U.S. government will trivialize.
It is also something businesses can and must create mechanisms to prevent.
The U.S. Securities and Exchange Commission (SEC) published its fiscal year 2013 Agency Financial Report (AFR) to detail its financial and performance results for the President, Congress and public at large. Its purpose is portray its accomplishments and strategic goals for the next year, as well as its financial picture for budget planning. The report discusses its enforcement actions related to the FCPA in the past year, and the guidelines it provided businesses in complying with the law.