Last month the U.K. implemented an antibribery law giving it power to impose unlimited fines on companies that allowed bribes to be given or received, as well as prison sentences of up to 10 years for individuals involved. ❋ Simon Zekaria (2011)
The government has stepped up its enforcement of antibribery laws in recent years. ❋ Joseph Palazzolo (2011)
In recent years, the SEC and Justice Department have enforced the FCPA aggressively and have added staff in their antibribery units. ❋ Joseph Palazzolo (2011)
LONDON—The U.K. government issued long-awaited guidance for applying its new antibribery act, giving greater clarity on some key issues including how to treat corporate hospitality but also creating what some anticorruption advocates deemed as potential loopholes. ❋ Cassell Bryan-Low (2011)
As part of the settlement, in which Daimler's German and Russian units pleaded guilty to violating antibribery provisions of the U.S. Foreign Corrupt Practices Act, Daimler entered a deferred prosecution agreement under which the Justice Department wouldn't prosecute the auto maker if it continued to cooperate with regulators, adhere to internal controls and meet other terms. ❋ Vanessa Fuhrmans (2011)
S. authorities are investigating whether Oracle, one of the world's largest software companies by sales, violated federal antibribery laws in its dealings abroad, according to people familiar with the matter. ❋ Unknown (2011)
The Justice Department and Securities and Exchange Commission have jurisdiction over the antibribery law. ❋ Vanessa O'Connell (2011)
LONDON — The U.K. government has delayed implementation of a new antibribery law after businesses voiced concerns over the rules' clarity, specifically which companies would be affected and which actions could be interpreted as bribery. ❋ Alistair MacDonald (2011)
"Banks will have understood that no head of state will have earned these sums of money legitimately," says Mark Pieth , chairman of the OECD's antibribery group. ❋ Deborah Ball (2011)
In a deferred prosecution agreement with the Justice Department, Johnson & Johnson admitted to violations of the antibribery law and will avoid prosecution if it satisfies the government that the company has made changes to prevent future misconduct. ❋ Christopher Matthews (2011)
Meanwhile, Avon remains mired in a broad and costly investigation into whether company employees violated the Foreign Corrupt Practices Act, a U.S. antibribery law. ❋ Ellen Byron (2011)
For corporate America's top lobbyists, trying to curb a powerful antibribery law known as the Foreign Corrupt Practices Act has risen to the top of the agenda, sparking a widespread debate about how the legislation is enforced. ❋ Joe Palazzolo (2011)
The settlements, expected to be made public by year-end, come as part of a government investigation that has changed how the pharmaceutical industry conducts business overseas in light of U.S. antibribery laws. ❋ Christopher Matthews (2011)
The British Parliament passed the antibribery bill into law in April 2010 but delayed its implementation amid heavy lobbying from industry, including for greater clarity on whether the act captured corporate hospitality under its definition of bribery. ❋ Cassell Bryan-Low (2011)
His investigative operation employs about 27 full-time lawyers and other professionals, and he keeps only about 10 major clients at any one time—often blue-chip companies, such as Daimler AG, which hired him to oversee compliance after settling charges it violated a U.S. antibribery law. ❋ Devlin Barrett (2012)
U.S. authorities are investigating whether Oracle Corp., one of the world's largest software companies by sales, violated federal antibribery laws in its dealings abroad, according to people familiar with the matter. ❋ Joseph Palazzolo (2011)
Mr. Wynn's donations have raised eyebrows among some Macau casino executives; the U.S. government is investigating Wynn Resorts rival Las Vegas Sands Corp. over whether it complied with U.S. antibribery laws in Macau. ❋ Alexandra Berzon (2012)
The U.K. government has delayed implementation of a new antibribery law after businesses voiced concerns over the rules' clarity, specifically which companies would be affected and which actions could be interpreted as bribery. ❋ Unknown (2011)
The investigation began in 2009 after the company opened its own internal investigation into possible breaches of antibribery laws and alerted U.S. authorities, according to the people familiar with the matter. ❋ Joseph Palazzolo (2011)
U.S. authorities are investigating whether Oracle violated federal antibribery laws, making improper payments in Africa to land sales of database and applications software. ❋ Unknown (2011)
