Resource Guide to the FCPA. The Department of Justice and the Securities Exchange Commission delivered a 134 page guide to the Foreign Corrupt Practices Act. The Guide is an unprecedented undertaking by DOJ and SEC to provide the public with detailed information about the approach and priorities of the FCPA enforcement. Specific benchmarks were identified [...]
As the Department of Justice and the Securities Exchange Commission increase investigations of FCPA violations, companies try to determine the best way to prevent bribery. How about asking the enforcers of the FCPA? Bill Jacobson is a former assistant chief of the Criminal Division Fraud Section of the DOJ. He was a leader of the [...]
Guilty. Garth Peterson, a former real estate investment managing director for Morgan Stanley was sentenced to nine months in prison on August 16th, 2012 for violations of the anti-bribery laws under the U.S. Foreign Corrupt Practices Act (FCPA). Peterson plead guilty to conspiring to evade internal accounting controls which were maintained by his former employer, [...]
One employee. The trial of former UBS employee, Kweku Adoboli begins in London today, providing another example of how a violation of one employee has the potential to impact an entire company. The trial is expected to last eight weeks with the potential to expose the UBS company culture and business practices. Both current and [...]
Xcelus will be presenting October 25th during the Sponsored Lunch & Learn Sessions. Presentation Details: Your Audience Has Changed… Shouldn't Your Training Change as Well? Join Xcelus for a walk down memory lane to see how the labor market has changed and how learning technology has evolved. By 2020, 50% of the labor force will be from [...]
Avoid FCPA Investigations. Many companies ask what can be done to avoid the increasing long arm of the U.S. law enforcers who are vigorously pursuing violations of the FCPA. The short answer: train employees to eliminate corruption. The long answer: set up an effective legal framework aimed to combat corruption with comprehensive policies and [...]
Yes! Compliance training is absolutely necessary. In the midst of violations of the Foreign Corrupt Practices Act (FCPA), both the U.S. Department of Justice and the Securities and Exchange Commission determined not to pursue charges against Morgan Stanley because of the company’s robust compliance program. Allegations of fraud were committed by one of Morgan Stanley’s managing [...]
