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In recent years, the SEC and DOJ have increasingly focused on individual accountability in FCPA enforcement actions. In 2015, the DOJ announced the "Yates Memo," [46] which prioritized the prosecution of individuals involved in corporate misconduct, including FCPA violations. This policy shift has led to several high-profile cases against ...
The government has been stepping up FCPA enforcement actions: More than three times as many FCPA cases were brought in 2009 than were filed in 2005. The Securities and Exchange Commission has ...
In FY 2011, the Enforcement Division filed 735 actions, an 8.6% increase over FY 2010 and more than any other year in SEC history. It also obtained $2.8 billion in penalties and disgorgement. [ 23 ] More significantly, the filed actions involve many highly complex markets, products and transactions, as well as charges against a significant ...
Most notably, § 201(b) prohibits the receipt of bribes, and § 201(c) prohibits the receipt of unlawful gratuities, by federal public officials. Lesser used statutes include conspiracy to defraud the United States (enacted 1867) [6] and the Foreign Corrupt Practices Act (FCPA) (enacted 1977). [7]
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Several statutes, mostly codified in Title 18 of the United States Code, provide for federal prosecution of public corruption in the United States.Federal prosecutions of public corruption under the Hobbs Act (enacted 1934), the mail and wire fraud statutes (enacted 1872), including the honest services fraud provision, the Travel Act (enacted 1961), and the Racketeer Influenced and Corrupt ...
BAE Systems, pleaded guilty to conspiring to defraud the US by impairing and impeding its lawful functions, to make false statements about its Foreign Corrupt Practices Act (FCPA) compliance program, and to violate the Arms Export Control Act (AECA) and International Traffic in Arms Regulations (ITAR). [1] Bankers Trust
Mr. Biegelman is a recognized expert on the Foreign Corrupt Practices Act (FCPA) and anti-corruption compliance, financial investigations, due diligence and corporate compliance design and ...