The OECD have published a detailed Report on the evaluations and recommendations of a Working Group on the UK’s implementation and enforcement of the OECD Anti-Bribery Convention. The Report provides a valuable critique of the Bribery Act 2010 and on the UK’s recent record on enforcement of existing corruption laws.
Corporate & Commercial
A Question of Ethics: Senators: Take Care When Helping Contributors
Q: I am chief of staff for a Senator, and I have a question about providing services to our constituents. Our office constantly receives requests from constituents to help with matters pending before federal agencies, often from campaign contributors. Sometimes it makes me uneasy to help contributors. It almost feels like bribery to use our office’s…
A Question of Ethics: Will STOCK Act Expand Federal Gratuities Law?
Q: I am a Senate staffer with a question about the STOCK Act. I have a friend who is an attorney, and he said that one of the biggest consequences of the act is a possible expansion of the law forbidding Members and staffers from accepting gratuities from constituents. I know that this has been a…
MABEY AND JOHNSON – SFO OBTAINS CIVIL RECOVERY ORDER AGAINST SHAREHOLDER
The Serious Fraud Office has taken action in the High Court under Part 5 of the Proceeds of Crime Act which has resulted in an Order for a parent company, Mabey Engineering (Holdings) Ltd, to pay £131,201 in recognition of sums it received through share dividends derived from contracts won through unlawful conduct by one…
A Question of Ethics: William Jefferson’s Appeal Could Affect Bribery Law
Roll Call
January 17, 2012
Q: A friend and I have been following former Rep. William Jefferson’s (D-La.) appeal of his conviction for bribery. Over the holidays, I read that the appeal could significantly impact federal law regarding bribery. Can you help me understand what is at stake in Jefferson’s appeal?
A: Say you are…
FCPA Enforcement Measures
In a recent article for the ABA Journal ‘Litigation’, Susan Hansen argues that prosecutors are wielding the Foreign Corrupt Practices Act more actively, but not always successfully, while business interests are calling for changes in the law.…
New Director of the Serious Fraud Office appointed today
the Attorney General, Dominic Grieve QC has appointed David Green QC as the new Director of the Serious Fraud Office…
Judge Rakoff to the SEC: Want to settle? Show me the facts.
In a rebuke to the SEC, on Monday, November 29, 2011, U.S. District Court Judge Jed Rakoff (SDNY) refused to sign a consent judgment approving a $285 million settlement between the Agency and Citigroup. At issue is a lawsuit filed in October 2011 by the SEC alleging that Citigroup created and sold mortgage bond investments…
The FSA approach to UK Anti-Bribery & Corruption Enforcement
The Financial Services Authority (“FSA”) has clarified its approach to UK Anti-Bribery and Corruption (“ABC”) Enforcement.…
Avon investigated for corruption by the SEC for alleged offences in China
Last week Avon, the US door-to-door and online cosmetics manufacturer, announced that the US Securities Exchange Commission (SEC) has placed it under formal investigation in connection with allegations of bribery in China.…