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Survey Says

By on December 21, 2021 in Compliance, Enforcement Agency Policy, FCPA Statistics, Third Parties
Survey Results

Recently, Ethics and Compliance Initiative (ECI) released this survey titled “Corporate Compliance Programs and U.S. Department of Justice Enforcement Policies.”

As stated by ECI, the survey “was designed to obtain ethics & compliance leaders’ opinions about the DOJ’s enforcement guidelines and their intersection with corporate compliance programs.”

According to ECI, the “survey was conducted online, accessible through: unique invitation links sent to qualifying individuals; and an anonymous link posted on ECI’s and partner organizations’ platforms and websites.” Data collection took place May through June 2021 and participates included: 248 chief ethics & compliance officers (CECOs), chief compliance officers (CCOs) and chief ethics officers (CEOs) or their equivalents.”

A few data points that caught my eye.

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Friday Roundup

By on December 3, 2021 in Compliance, DOJ, Enforcement Agency Policy, FCPA Inc., Luis Enrique Martinelli Linares, Voluntary Disclosure
Roundup

Guilty plea, off-target, fear-based marketing, and for the reading stack. It’s all here in the Friday Roundup.

Guilty Plea

This recent post highlighted the DOJ’s money laundering case against Luis Enrique Martinelli Linares (a citizen of Panama and Italy) and his brother Ricardo Alberto Martinelli Linares (also a citizen of Panama and Italy), for “participat[ing] in the Odebrecht bribery scheme by, among other things, serving as intermediaries for bribe payments and the provision of other things of value that Odebrecht offered and provided to the Panama Government Official.

Yesterday, the DOJ announced that Luis Martinelli Linares pleaded guilty.

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Friday Roundup

By on November 19, 2021 in Beam Inc., Compliance, COVID-19, Debra Parris, Enforcement Agency Policy, Enforcement Agency Speeches, FCPA Statistics, Monitor, MTS Systems, Repeat Offenders
Roundup

Under scrutiny again, guilty plea, and for your listening enjoyment.

It’s all here in the Friday roundup.

Under Scrutiny Again

As highlighted in this prior post, in 2019 Russia-based Mobile TeleSystems PJSC (MTS) agreed to resolve an $850 million DOJ/SEC FCPA enforcement action based on the same alleged core conduct in several other Uzbekistan telecom focused FCPA enforcement actions. (See here and here). As a condition of settlement, MTS was required to retain an independent compliance monitor.

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How A Successful Football Organization Can Inform FCPA Compliance In A Business Organization

By on August 24, 2021 in Compliance
FB

Are you ready for some football?

For Foreign Corrupt Practices Act compliance practitioners, understanding the game is not just a professional diversion, but one that can actually add professional value as well.  The reason is because understanding what makes a football organization successful can also inform FCPA compliance in a business organization.

In the spirit of the season, my article “How a Successful Football Organization Can Inform FCPA Compliance In a Business Organization” highlights four attributes of a successful football organization that can also elevate FCPA compliance in a business organization.

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Japanese Ministry of Economy, Trade and Industry Updates Guidance to Prevent Foreign Bribery

By on July 12, 2021 in Compliance, Facilitating Payments, Guest Posts, Japan, Merger Issues, Third Parties
METI

A guest post from Tokyo-based Latham & Watkins attorneys Kaede Toh and Junyeon Park.

In May 2021, the Ministry of Economy, Trade and Industry (METI) revised the Guidelines for the Prevention of Bribery of Foreign Public Officials (Guidelines). Although the Guidelines do not impose legal obligations on companies, METI expects each company to create and implement an appropriate compliance system with reference to the Guidelines. The revised Guidelines include detailed guidance on due diligence prior to executing an acquisition or retaining a third-party agent — largely consistent with US government expectations under the US Foreign Corrupt Practices Act (FCPA) — and urge Japanese companies and global companies with business operations in Japan to prohibit small facilitation payments. Companies that have business operations in Japan should understand and incorporate the most recent changes to the Guidelines into their local company compliance system to the extent appropriate.

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