Despite vigorous American enforcement of the Foreign Corrupt Practices Act, or FCPA, which has resulted in “nearly 80 FCPA cases in the past five years alone, involving alleged misconduct in more than 60 countries,” corruption remains “endemic” in some countries where “business opportunities are attractive” and bribery may be required to capitalize on them. So… Read More >>
Deutsche Bank Settles FCPA Case for $16 Million
Deutsche Bank has reached a $16 million settlement with the SEC over a Foreign Corrupt Practices Act (FCPA) case in which the firm was charged with hiring relatives of foreign government officials as a way to gain influence in landing investment banking business. SEC officials alleged that Deutsche Bank employees “hired relatives at the request… Read More >>
