Welcome to Dorsey & Whitney’s monthly Anti-Corruption Digest. In this digest, we draw together news of enforcement activity throughout the world and aim to reduce your information overload. Our London, Minneapolis, New York and Washington DC offices edit the digest and select the most important material so that you can use this digest as a single source of information.
In this edition, among the many topics discussed, we report on the disclosure made by FMC Technologies that it is among the clients of Unaoil whose relationships with the oil company are being scrutinized for possible violations of the FCPA; Dmitrij Harder, the former owner and President of the Chestnut Consulting Group, pleading guilty to violating the FCPA by bribing an official at the European Bank for Reconstruction and Development; and updates from the White House following the release of the Panama Papers, that it is urging Congress to implement legislation to fight corruption, tax evasion, and money laundering.
Updates from the U.K. include a report on the inaugural Anti-Corruption Summit in London, which was attended by heads of state and representatives of over 40 countries, with the aim of initiating a global response to tackle corruption; the conviction of the former manager of the banknote manufacturer Innovia Securency on four counts of making corrupt payments to a foreign official following a joint investigation by the SFO and the Australian Federal Police; and on the pledge made by the All England Lawn Tennis Club to increase its safeguards against corruption and doping at this year’s Wimbledon Tennis Championships.
Global updates include news from Australia that a senior public servant was allegedly paid bribes in return for granting contracts at Sydney Harbor; updates regarding Brazil’s Operation Carwash and reports that the President of the Chamber of Deputies has been suspended from office due to various corruption proceedings that he is currently involved in; news that the former head of Cameroon Airlines, Yves Michel Fotso, was sentenced to life imprisonment for embezzling over $56 million between 2000 and 2003; a report on a corruption matter regarding the modernization of Colombia’s main oil refinery, under which there are said to be costs of $4 billion that are unaccounted for; a reported $43 million settlement between Israeli authorities and Siemens regarding a ten-year bribery matter; plus anti-corruption developments in China, Pakistan and more from around the globe.
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Corruption issues are also addressed in the Anti-Fraud Network’s newsletters: see http://www.antifraudnetwork.com for current and archived material; see also the Computer Fraud website at http://computerfraud.us and SEC Actions at http://www.secactions.com. To subscribe to future editions of the Anti-Corruption Digest, click here.