Posts Tagged ‘FCPA’

McFadden Eyeing DOJ Exit, Too

Trevor McFadden

The Justice Department’s top official to oversee FCPA enforcement was nominated this week to serve as a federal district judge in Virginia, yet another departure from the executive branch leaving corporate compliance officers wondering who is in charge over there. The Trump Administration nominated Trevor McFadden earlier this week to the federal district of Virginia. McFadden…

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DOJ Compliance Counsel Is Out

Hui Chen

No surprise here: the Justice Department is parting ways with its in-house compliance counsel, Hui Chen, who had raised eyebrows lately with thinly veiled attacks against Donald Trump on social media. The department began advertising Wednesday for a new compliance counsel, and confirmed to the National Law Journal that, yes, Chen is departing after 20…

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DOJ’s Hui Chen Hits Twitter

Hui Chen

The Justice Department’s in-house compliance counsel, Hui Chen, has been going a little nuts on social media these days. Compliance officers may want to take note. First, Chen began commenting publicly on Twitter several weeks ago, @HuiChenEthics. That unto itself is unusual; most staff-level government officials prefer to stay anonymous or stay off Twitter entirely. Not…

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Sessions Dodges, Weaves, Promises on FCPA

Jeff Sessions

Attorney General Jeff Sessions promised yet again Monday to enforce the FCPA and other anti-corruption laws, in a wide-ranging speech meant to win over corporate compliance officers curious about how seriously the Trump Administration will take corporate misconduct. Sessions spoke to an audience of several hundred at the Ethics & Compliance Initiative’s annual conference in…

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Top FCPA Cop Speaks Again on FCPA

fcpa

Compliance officers got another glimpse into the future of FCPA enforcement this week, with the Justice Department’s top anti-corruption prosecutor giving his most extensive comments yet on the subject. Those comments, delivered Tuesday by deputy assistant attorney general Trevor McFadden, was reassuring and frustrating at the same time. On one level, McFadden hit all the…

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SEC’s FCPA Enforcement Chief to Leave

Kara Brockmeyer, head of the FCPA Enforcement unit at the Securities and Exchange Commission since its creation in 2011, will leave her job later this month. The SEC announced the news in a press release on April 4. The statement didn’t say where Brockmeyer may go next or why she is leaving, although Brockmeyer is only…

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Walmart FCPA Update: $837 Million

Walmart fcpa

Another year, another eye-popping amount of money spent by Walmart on its long-running FCPA investigation—with no end in sight. Walmart spent $99 million on FCPA matters last year, according to the annual report it published March 31: $80 million for the investigation itself, plus another $19 million spent on “enhancements to its global compliance program.”…

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SEC Nominee on FCPA, Compliance Costs, More

sec nominee

The Senate Banking Committee held its confirmation hearing today for Jay Clayton, the Trump Administration’s nominee to chair the Securities and Exchange Commission. We have a few nuggets of detail worth an ethics & compliance officer’s attention, although the hearing mostly unfolded along predictable lines. On one side were Clayton and Republican members of the…

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FCPA: Pilot Program Extended, and Much More

fcpa

Compliance officers may feel a bit dizzy today—we’ve had a whirlwind of news related to the Foreign Corrupt Practices Act this week, particularly in the last 24 hours. From the Pilot Program, to voices of support within the Trump Administration, to fresh FCPA arguments in court, and that bizarro news about the U.S. attorneys, we…

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Report: 2016 Was Good Year for Anti-Corruption

anti-corruption

TRACE International has published its latest review of global anti-corruption enforcement, touting a dramatic increase in enforcement last year, led by U.S. authorities. Enforcement activity essentially doubled last year, according to the organization’s annual Global Enforcement Report. There were 255 investigations into bribery of foreign officials conducted by 29 countries as of Dec. 31, 2016.…

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