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
Subject to Inquiry
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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.…
“Corruption – The New Corporate Challenge” by Nick Kochan and Robin Goodyear – book launch at McGuireWoods offices 18 October 2011
This evening, 18 October 2011, Nick Kochan and Robin Goodyear are launching their new book on corruption.…
GIFTS AND HOSPITALITY and the BRIBERY ACT
The Government has made it clear that there is no intention in this legislation to criminalise corporate hospitality or other expenditure which is reasonable and proportionate. It is accepted that this is a recognised and established part of doing business.…
“UK corruption health-check: growing threat, inadequate response”
Transparency International published a research report on 15 June 2011 on the prevalence of corruption in the UK.…