Basil Al Jarah Archives - FCPA Professor

Potpourri

By Mike Koehler on July 29, 2020 in Basil Al Jarah, Edward Thiessen, FCPA Sentences, Och-Ziff Capital, Och-Ziff Capital Management, Restitution, Sculptor Capital Management, Serious Fraud Office, SFO, Stephen Whiteley, Unaoil, United Kingdom, Victims, Ziad Akle

Agreement in Principle

As highlighted in prior posts here and here in 2016 hedge fund Och-Ziff resolved a $412 million Foreign Corrupt Practices Act enforcement action concerning improper business practices in various African countries.

As highlighted in this 2018 post, former shareholders of Canadian mining company Africo Resources Ltd. (“Claimants”) sough restitution pursuant to the Mandatory Victims Restitution Act for losses allegedly incurred as a result of Och-Ziff’s bribery of corrupt officials in the Democratic Republic of the Congo.

Friday Roundup

By Mike Koehler on June 1, 2018 in Azat Martirossian, Basil Al Jarah, Dun & Bradstreet, FCPA Related Charges, FCPA Statistics, General Cable Corp., Latin America, Legg Mason, Leighton Holdings, Media Reporting, Media Reporting About the FCPA, Petros Contoguris, Rolls-Royce, Serious Fraud Office, Third Parties, United Kingdom, Vitaly Leshkov, Ziad Akle

Scrutiny alert, novice FCPA commentary matters, additional charges, survey says, across the pond, and for the reading stack. It’s all here in the Friday roundup.

Scrutiny Alert

Some companies disclose Foreign Corrupt Practices Act very early and then update the disclosure for years. Other companies have different disclosure practices. Global asset management firm Legg Mason Inc. (a company that has not previously disclosed FCPA scrutiny) recently disclosed:

Friday Roundup

By Mike Koehler on November 17, 2017 in Basil Al Jarah, Brazil, FCPA Reform, Internal Controls, ISO 37001, Jurisdiction, Kokesh, Microsoft, Monitor, Multimedia, Saman Ahsani, SBM Offshore, SEC, Serious Fraud Office, Unaoil, United Kingdom, Ziad Akle

Quotable, SEC Annual Report, it’s called the rule of law – deal with it, across the pond, more ISO 37001 puff pieces, monitor related, for your viewing pleasure, and for the reading stack. It’s all here in the Friday roundup.

Quotable

To those still hyperventilating about Foreign Corrupt Practices Act enforcement in the Trump administration (see here and here), perhaps this might calm you down. As reported here by Wall Street Journal Risk & Compliance: “[FCPA Unit Chief Daniel Kahn dismissed the suggestion that President Donald Trump‘s previous criticism of the FCPA has had any effect on the department’s enforcement of the law. Mr. Kahn said he “spanned both administrations,” referring to Mr. Trump’s predecessor, President Barack Obama, adding, “I am continuing to do what I do.”

Top Menu

Navigation

Potpourri

Friday Roundup

Subscribe