Enforcement Archive

Jun 29, 2015
With the economic environment supporting nearly $3.5 trillion in M&A activity last year, some corporations may now be considering joint ventures (JVs) as a way to expand their business in what continues to be a sluggish world economy. Entering into a JV requires companies to conduct effective due diligence in order to screen for the right JV partner, mitigate reputational risk and expose any legal liabilities, while also establishing compliance monitoring programs that...
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Apr 16, 2015
Increased enforcement actions by the SEC and other regulatory agencies will likely fuel a rise in securities class action lawsuits in the coming year, according to the 2014 Securities Litigation Study recently released by PwC. The public outcry to eliminate financial fraud that emerged after the 2008 financial crisis has regulatory agencies across the globe paying special attention to detecting...
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Feb 20, 2015
The fifth annual Global Bribery and Corruption Review from global law firm Hogan Lovells forecasts more aggressive enforcement actions by the SEC and Department of Justice as the fight against bribery and corruption intensifies. The report, released last week, highlights a robust year of enforcement involving some of the most high-value FCPA fines in history, increased focus on bribery and corruption in Africa, and overall tighter scrutiny on multinational corporations and...
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Nov 25, 2014
Last week was International Fraud Awareness Week (November 16-22), which reminded companies of how critical it is that they assess their compliance programs to ensure they have the necessary controls in place to prevent or catch corruption, as well as the training they are offering to employees. Point number six in a fraud prevention checklist provided by the Association of Certified Fraud Examiners (ACFE) suggests that creating a workplace environment that promotes...
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Oct 07, 2014
Current enforcement practices of the Foreign Corrupt Practices Act are distorting the legal process and reducing the effectiveness of the law, a legal expert told a high-powered group of Washington attorneys last week. ‘The FCPA is a fundamentally sound statute,’ said Mike Koehler, a professor at the Southern Illinois University School of Law and author of the widely read blog FCPA Professor. ‘But the...
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Sep 17, 2014
The regulatory and investigative climate confronting multinational companies has never been more challenging. In cross- border internal investigations, legal, cultural and cost challenges may quickly multiply to the point where they threaten to undermine the company’s operations and even the investigation itself. As a global investigative firm, Nardello is more and more frequently hired directly by corporate clients to conduct internal investigations on their beha...
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Feb 19, 2014
Awareness and incidence of fraud at US companies have risen over the past two years, according to the results of PwC’s Global Economic Crime Survey released on February 19.     The threats from economic crime continue to evolve, with increases in its occurrence being driven chiefly by greater dependence on technology and technology-enabled processes in all aspects of business, as well as companies’ growing interest in investing in opportunities in emerging ma...
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Feb 05, 2014
With the high-profile investigations into alleged FCPA violations by Walmart and GlaxoSmithKline, companies have become more convinced federal regulators mean business when it comes to enforcing anti-corruption laws. What corporate compliance departments may be less aware of is that, in addition to bribery directed at foreign government officials, the SEC and Department of Justice plan to get tougher on commercial bribery as well. As reported by the FCPA blog recently, the...
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