Foreign Corrupt Practices Act News

Berkley Life Sciences Adds Foreign Corrupt Practices Act Expense Coverage

Berkley Life Sciences, a W. R. Berkley Co., has launched Corporate Lifeline, a new coverage for life science companies seeking to effectively address increased government scrutiny of company practices under the Foreign Corrupt Practices Act. In 2009 the Criminal Division …

Willis Exec Warns of Rise in ‘White Collar Crime’ in UK

Francis Kean, executive director in Willis’s financial and executive risks practice has examined a growing trend in white-collar crime in a WillisWire blog. He indicated that” according to a report in The Times on Thursday 22nd May 2014, the number …

New York City Pension Fund Sues Wal-Mart Over Mexican Bribery Allegations

New York City’s pension funds on Monday became the latest group to file a derivative lawsuit against Wal-Mart Stores Inc. based on reported allegations of bribery in Mexico and a possible cover-up by Wal-Mart officials. The suit, filed in Delaware …

More Top Executives Say Bribes for Business Acceptable

A growing number of senior executives around the world are willing to pay bribes to win or keep business, as the hunt for growth supersedes concerns over ethics and regulatory fines, according to a survey published on Wednesday. Ernst & …

Wal-Mart Shareholder Sues Over Mexican Bribery Scandal

A shareholder sued the board and several officers of Wal-Mart Stores Inc. on Wednesday over allegations that the company’s Mexican affiliate paid bribes to local officials. The lawsuit seeks to recover damage to the company’s reputation as well as costs …

U.S. Drops Major Anti-Bribery Prosecution

The Obama administration on Tuesday dropped a major bribery prosecution that had been part of a campaign to crack down on corruption after the government suffered several setbacks in court in a case involving military equipment sales. Federal prosecutors moved …

U.S. Firms Seek Clarity on Anti-Bribery Law

U.S. corporations asked the government to explain what it considers a bribe of a foreign official, saying the lack of clarity has had a chilling effect on business. The Chamber of Commerce and dozens of other trade groups wrote a …

U.S. Authorities Looking Into Murdoch Foreign Payments

U.S. authorities are stepping up investigations, including an FBI criminal inquiry, into possible violations by employees of Rupert Murdoch’s media empire of a U.S. law banning corrupt payments to foreign officials such as police, law enforcement and corporate sources said. …

Courts Push Back on Foreign Bribery Prosecutions

As the U.S. Justice Department has stepped up its enforcement of an anti-foreign bribery law, it has faced the expected stiff resistance from the business community. Now it faces the unexpected as courts are pushing back, too. In an unusual …

Aon to Pay $16.2 Million to Settle Bribery Charges

Insurance brokerage firm Aon Corp. will pay $16.2 million to settle criminal and civil charges that it paid bribes to foreign government officials over more than two decades, the U.S. government said on Tuesday. Under a non-prosecution agreement with the …