Tag Archives | Violations

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 […]

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Bombardier Investigation Illustrates Importance of Doing Your Due Diligence

Bombardier, a company that produces aircraft and train equipment and is headquartered in Montréal, Canada is under scrutiny after one of its sales executives in the Sweden office was arrested. In 2013, the Stockholm-based train division of Bombardier won a $350 million contract to supply Azerbaijan with an interlocking system for railway switches and signals. […]

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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 […]

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Schlumberger Subsidiary Pleads Guilty and Agrees to a $232.7M Penalty for Sanctions Program Violations

Drilling and Measurements (D&M), a Texas-based subsidiary of Schlumberger Ltd. was charged with providing oil field services to Iran and Sudan through overseas subsidiaries of Schlumberger Oilfield Holdings from early 2004 through June 2010.  D&M personnel outside the United States often sent emails to a U.S.-based D&M manager justifying requests for services in Iran and Sudan, […]

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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 […]

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Qualcomm, Inc. Pays $975M to China Regulators Resulting from China Antitrust Law Violations

With one of the largest corporate fines to-date, Qualcomm Inc. was required to pay $975 million to regulators in China for violating China’s Anti-Monopoly Law (AML), their country’s law prohibiting antitrust / anti-competitive practices. Qualcomm, Inc., a U.S. firm that develops technology for wireless devices (www.qualcomm.com), agreed in the settlement to lower its royalty rates […]

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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 […]

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