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 an announcement by the SEC that two unrelated companies have entered into non-prosecution agreements, under the FCPA Pilot Program, for alleged bribes paid by their foreign subsidiaries to Chinese officials; an update regarding the “Fat Leonard” Navy bribery matter in which it is alleged that that Glenn Defense Marine Asia paid bribes in connection with U.S. Navy contracts worth over $20 million; and a judgment of the Court of Appeals for the Eleventh Circuit where it was held that the five-year statute of limitations in 28 USC § 2462 applies to SEC claims for disgorgement or declaratory relief.
Updates from the U.K. include news that the SFO has expanded its investigation into Rolls-Royce to examine allegations of suspected bribery in its former energy operations in Nigeria; and reports that a Metropolitan police officer has been removed from his post in the NCA’s International Corruption Unit following allegations that he received payments in return for providing information about a Nigerian politician’s case.
Global updates include news from Brazil that the country’s Transparency Minister, who took office last month having been tasked with fighting corruption, has resigned following leaked recordings suggesting that he tried to derail a corruption investigation; updates from China regarding its continued anti-corruption enforcements; the commencement of the trial of the former Vice-President of the DRC, Jean-Pierre Bemba, in the International Criminal Court regarding allegations of bribery and forgery in his war crimes trial; the arrest of Egypt’s health minister’s consultant for medical affairs for allegedly receiving corrupt payments totalling $500,000; allegations that Viktor Yanukovych, Ukraine’s former president, allegedly paid bribes worth at least $2 billion during his four year tenure in office; plus anti-corruption developments in Guatemala, Japan; Liberia, South Korea 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.