Yesterday, Walmart entered into a Non-Prosecution Agreement to settle allegations that it violated the Foreign Corrupt Practices by paying an intermediary in Brazil for help obtaining construction permits and operating without a system of sufficient anti-corruption related internal accounting controls in Brazil, China, India, and Mexico. Walmart Inc. will be required to pay the DOJ […]
Archive | FCPA
Hottest Industries for FCPA Investigations
A new tool has been launched that tracks open Foreign Corrupt Practices Act (FPCA) investigations. The FCPA Tracker (https://fcpatracker.com/) scans for and analyzes public disclosures by companies and agencies about FCPA-related investigations. The top five industries with the most ongoing FCPA-related investigations, according to FCPA Tracker, are: 1. Oil and Gas Services — 24 2. Telecommunications […]
Justin Cook Provides Seminar and One-On-One Consultations to MT Companies
By Kendra & Justin on March 9, 2017 in C2I News, Corporate Compliance, Export Control Reform, Export Regulations, FCPA
As a Montana World Trade Center Tech Expert Team member, Justin Cook provided a half-day seminar on “Regulated Exports” to Montana small businesses on 2 March 2017. After the seminar, Justin spent the afternoon providing one-on-one consultations to companies who desired more individualized advice. His expertise stems from a deep understanding of U.S. export regulations, […]
Former Diplomat Pleads Guilty in UN Bribery Case
Francis Lorenzo, a U.S. citizen who served as a foreign diplomat from the Dominican Republic pleaded guilty to six charges, including conspiracy, bribery, money laundering, and tax counts, Wednesday in a United Nations bribery case. Lorenzo agreed to cooperate with the government against co-defendants who include former U.N. General Assembly president John Ashe and Chinese businessmen […]
US DoJ Seeking Forfeiture of $34M from Canadian Company
The DOJ filed a civil complaint on June 30, 2015 for the forfeiture of $34 million from Griffiths Energy International Inc., a Canadian oil company. In the complaint, the DoJ claims that Griffiths Energy bribed Mr. Mahamoud Bechir, Chad’s former ambassador to the United States and Canada and Mr. Youssouf Takane the deputy chief of […]
FIFA Corruption
The U.S. Department of Justice published an indictment of soccer and marketing officials in May which alleged bribery linked to awarding broadcast rights for international tournaments in North and South America. In the wake of the corruption probe into FIFA, the world soccer governing body, the FIFA President Sepp Blattner announced his resignation and seven officials […]
PayPal pays $7.7M Fine for 486 Violations
Over the course of several years, PayPal did not adequately screen its transactions for targets of U.S. Proliferation and Trade Sanctions Programs, and processed transactions equaling approximately $43,000 to denied parties. The company failed to properly screen transactions with OFAC-sanctioned companies and persons resulting in violations of trade sanctions against Iran, Sudan, and Cuba as […]
Successful Global Trade Compliance Seminar in Taipei – 謝謝大家!
By Kendra & Justin on February 3, 2015 in C2I News, Corporate Compliance, Embargoes, Export Control Reform, Export Regulations, FCPA, International Business
Thank you to the more than 30 attendees who participated in our seminar today on “Expanding with Confidence by Ensuring Global Trade Compliance”. It was a full house at the Taipei World Trade Center, and we were pleased to meet everyone who came to participate in our event. We also want to thank the American Institute […]
C2I Seminar: Expanding Internationally with Confidence by Ensuring Global Trade Compliance
By Kendra & Justin on January 27, 2015 in C2I News, Corporate Compliance, Embargoes, Export Control Reform, Export Regulations, FCPA, International Business
Please join us in Taiwan on February 3, 2015 for a presentation on “Expanding Internationally with Confidence by Ensuring Global Trade Compliance” Discussion Topics: 1. Gain Insight into the Key Components of a Successful Global Trade Compliance Program a. Export/import, sanctions programs, anti-boycott regulations, and anti-corruption regulations b. Tips for maintaining compliance 2. International […]
Whistleblower Earns $16M
Michael Epp, a German citizen and former executive at Supreme Foodservice collected $16 million as a result of blowing the whistle on his former employer. Supreme Foodservice and their affiliated companies pled guilty to criminal charges of major fraud, conspiracy to commit major fraud, and wire fraud, which comes with $288M in criminal penalties. In […]