On June 26, 2024, the Supreme Court of the United States (SCOTUS) held in Snyder v. United States that 18 U.S.C. § 666 does not apply to gratuities — even those that raise eyebrows and ethical concerns. The federal statute prohibits public officials, including most state and local officials, from “corruptly” soliciting, accepting
Another sky-high settlement: Airline fined more than US$150m for FCPA violations
On September 15, 2022, the Department of Justice (DOJ) and the United States Securities and Exchange Commission (SEC) announced that GOL Linhas Aéreas Inteligentes S.A. (GOL), an airline headquartered in São Paulo, Brazil, agreed to pay more than US$150m to resolve parallel investigations by criminal and civil authorities in
ESG – Key regulatory risks for financial services firms in the UK and US and how to manage them
Investors are increasingly seeking sustainable financial products and ESG investing, traditional investing combined with sustainable or otherwise philanthropic aims, has seen huge growth in recent years. Regulated firms are also seeking to improve their own ESG performance more generally to build stronger relationships with their stakeholders, including those who use their services. Whilst the growing
Return of the monitorship: SEC and DOJ settle US$84M FCPA claims and impose monitorship on medical waste services company
In October 2021, Deputy Attorney General Lisa Monaco announced revised US Department of Justice (DOJ) guidance on corporate monitorships, signaling a sharp change in the declining trend of the tool over the past few years. (NRF has previously examined the DOJ’s policy changes.) Recently, the DOJ and the US Securities and Exchange Commission (SEC) announced
US DOJ establishes a tip line to fight corruption in El Salvador, Guatemala and Honduras
The US DOJ establishes a tip line to fight corruption in El Salvador, Guatemala and Honduras.
Post script: Airbus subsidiary pleads guilty to corruption offence
On 28 April 2021, Airbus’ UK subsidiary GPT Special Project Management Ltd (GPT) was convicted of corruption and sentenced to pay penalties of over £30m by the Crown Court in London.
This case preceded the wider investigation into Airbus culminating in its US$3.9 billion global deferred prosecution agreement in 2020 (see our previous article here
Airbus’ Sky High Settlement – Focus on Global Reach and Collaboration in Anti-Corruption Prosecutions
On January 31, 2020, France, the United Kingdom, and the United States announced a settlement with Airbus SE (“Airbus”), the French aircraft manufacturer, in relation to bribery allegations and, in the US and France, export controls violations. The combined penalties total $3.9 billion, which is the largest anti-corruption settlement in history. The settlement offers insight