Rolls-Royce Archives - FCPA Professor

KPMG Sanctioned In Connection With 2017 Rolls-Royce Enforcement Action

By Mike Koehler on May 27, 2022 in Auditing Issues, KPMG, Rolls-Royce

As highlighted in prior posts here and here, in 2017 Rolls-Royce resolved a U.S. FCPA enforcement as well as U.K. enforcement action concerning bribery in a variety of countries.

Recently, the U.K.’s Financial Reporting Council, the U.K.’s audit regulator, imposed sanctions against KPMG Audit plc (KPMG) and Anthony Sykes, Audit Engagement Partner in relation to the statutory audit of the consolidated financial statements of Rolls-Royce Group plc (the Company) for the financial year ended 31 December 2010 (the Audit).

Friday Roundup

By Mike Koehler on May 29, 2020 in Compliance, COVID-19, FCPA Inc., Rolls-Royce, Victims

Fear based marketing, not a victim, dismissed, and for the reading stack.

It’s all here in the Friday roundup.

Fear Based Marketing

Another example of lawyers trying to market the COVID-19 situation by asserting that “the novel and exigent circumstances brought on by the pandemic significantly increase companies’ risk exposure under the Foreign Corrupt Practices Act and global anti-bribery laws.”

The piece even uses the personal protective equipment hypothetical that not even top DOJ officials seemed to be concerned about. (See here).

Scrutiny Alerts And Updates

By Mike Koehler on February 22, 2019 in Fresenius Medical Care, Gartner, GlaxcoSmithKline, Herbalife, Microsoft, Noble Corporation, Rolls-Royce, Technip

This post provides updates on long-standing FCPA scrutiny of the following companies: Fresenius, Noble Corp., Microsoft, Herbalife, Gartner, and TechnipFMC as well as an update from across the pond in the United Kingdom concerning GlaxoSmithKline and individuals associated with Rolls Royce.

Fresenius

German healthcare firm Fresenius Medical Care AG (a company with shares traded on the NYSE) has been under FCPA scrutiny since 2012 (no that is not a typo). The company recently disclosed:

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:

FCPA Flash – A Conversation With Camilla de Silva (Joint Head of Bribery And Corruption – U.K. Serious Fraud Office)

By Mike Koehler on April 4, 2018 in FCPA Flash, ISO 37001, Rolls-Royce, Serious Fraud Office, U.K. Bribery Act, United Kingdom

The FCPA Flash podcast provides in an audio format the same fresh, candid, and informed commentary about the Foreign Corrupt Practices Act and related topics as readers have come to expect from written posts on FCPA Professor.

This FCPA Flash episode is a conversation with Camilla de Silva (Joint Head of Bribery and Corruption at the U.K. Serious Fraud Office). During the podcast, de Silva discusses: whether the Bribery Act (including both “hard” and “soft” enforcement) has been successful in achieving its objectives; the SFO’s position on ISO 37001 (it doesn’t have a position); whether the Rolls-Royce enforcement action (see here for a prior post) conflicted with Article 5 of the OECD Convention; and the U.K.’s approach to multi-jurisdictional issues.

See here for a previous FCPA Flash podcast episode with Matthew Wagstaff (Joint Head of Bribery and Corruption at the U.K. Serious Fraud Office).

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KPMG Sanctioned In Connection With 2017 Rolls-Royce Enforcement Action

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FCPA Flash – A Conversation With Camilla de Silva (Joint Head of Bribery And Corruption – U.K. Serious Fraud Office)

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