SEC, DOJ Announce $95 Million Settlement In Bribery Actions Against Deutsche Telekom, Hungarian Unit

Magyar Telekom, Hungary’s largest telecommunications provider, and majority owner Deutsche Telekom agreed to pay over $95 million to settle charges that they bribed government and political party officials in Macedonia and Montenegro, the Department of Justice and Securities and Exchange Commission announced Dec. 29…

U.S. SEC, DOJ Charge Former Senior Siemens AG Executives Over Alleged Argentine Bribery Scheme

The DoJ and the SEC announced parallel charges under the Foreign Corrupt Practices Act against former senior Siemens AG executives over an alleged decades-long bribery scheme to retain a $1 billion contract to produce national identity cards for Argentine citizens…

SEC Signs First Deferred Prosecution Pact; Tenaris To Pay $8.9 Million Over FCPA Breaches

The Securities and Exchange Commission May 17 announced its first ever deferred prosecution agreement, entering into a pact with steel pipe manufacturer Tenaris S.A. (TS) over allegations that company employees bribed Uzbekistan officials to secure oil pipeline contracts…

BNA INSIGHTS: 2010 U.S. Foreign Corrupt Practices Act Enforcement Year-End Review

Foreign Corrupt Practices Act enforcement in 2010 continued to outpace prior years, setting new records both for the number of prosecutions and enforcement actions filed and for the substantial corporate penalties and individual sentencing resulting from the corporate prosecutions…

OUTLOOK 2011: SEC 2011 Enforcement Trends to Include Whistleblowers and Cooperation

In 2011, the single most important development likely to impact the Securities and Exchange Commission’s enforcement program is finalization of the whistleblower bounty program, the defense bar told BNA in recent interviews and comments.

Other major enforcement trends anticipated to take center stage this year include further development of the SEC’s cooperation program; a continuing close alliance between the SEC and…

BNA INSIGHTS: U.S. Authorities Possess Tools, Motivation to Continue to Push The Envelope in Investigating and Prosecuting Financial Crimes

The Department of Justice’s and Securities and Exchange Commission’s recent expansion of civil and criminal inquiries into a number of major Wall Street institutions portends more widespread…

BNA INSIGHTS: The Next Wave of Foreign Corrupt Practices Act Shareholder Derivative Actions

The renewed enforcement of the Foreign Corrupt Practices Act (“FCPA”) by the Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) has resulted in a record-setting number of FCPA indictments…

SEC’s Foreign Corrupt Practices Act Enforcement Increasingly to Target Finance Departments, Report Says

In its enforcement of the Foreign Corrupt Practices Act, the Securities and Exchange Commission increasingly is focusing on the role of finance departments, according to a new report by law firm Shearman and Sterling LLP.

Daimler to Pay $200 Million to Settle SEC, DOJ Foreign Corrupt Practices Act Charges

German car conglomerate Daimler AG (DAI) has agreed to pay almost $200 million to settle civil and criminal charges alleging violations of the Foreign Corrupt Practices Act, according to court filings by the Securities and Exchange Commission and the Department of Justice (SEC v. Daimler AG, D.D.C., No. 1:10-cv-00473-RJL, 3/22/10).

U.K.-Based Defense Contractor to Pay $400 Million Fine Over Bribes to Foreign Officials

U.K.-based defense contractor BAE Systems plc March 1 pleaded guilty to charges it bribed foreign officials to gain or retain business in violation of the Foreign Corrupt Practices Act and…