Quantcast

Anti-Corruption & Foreign Corrupt Practices Act (FCPA)

  • Trump’s More Restrictive Cuba Policy: Specifics to Come

    20 Jun 2017

    On June 16, 2017 during a speech in Miami, President Trump announced changes to US sanctions targeting Cuba. The speech announced two substantial changes to the previous administration’s Cuban sanctions regime: first, the new policy will restrict business transactions with any entity affiliated with the Cuban military and second, the new policy will restrict people-to-people travel to Cuba. The outlines of the policy were announced in a Presidential Memorandum; however, the true shape of these changes will depend on yet to be issued amendments to the Cuban Assets Control Regulations. For businesses looking to understand the impact the new policy will have, the devil will be in those details.

  • Transacting Business During a Corruption Investigation

    11 May 2017

    In recent years, government authorities have ever more rigorously pursued corruption. The number and magnitude of recent corruption investigations, particularly in Latin America, have raised questions about the implications for those doing business with entities ensnared in these investigations.

  • Urofsky and Torres-Fowler Co-Author FCPA Enforcement Article

    1 Mar 2017

    Partner Philip Urofsky (Washington, DC-Litigation) and associate R. Zach Torres-Fowler (New York-International Arbitration) co-authored an article, titled “The Firtash Case May Present Jeff Sessions’ Department of Justice With Its First Real Test on FCPA Enforcement,” that was published in Bloomberg BNA’s Criminal Law Reporter on March 1.

  • Sanctions Round Up: Fourth Quarter 2016 and President Donald J. Trump

    31 Jan 2017

    On November 8, 2016, Donald John Trump was elected the 45th President of the United States. Following fiery criticism of the Obama Administration’s sanctions policies, including the Iran deal, the lifting of substantial parts of the Cuban sanctions program, and the imposition of sanctions on Russia, it is likely that the new President will usher in a new era of US policy as it relates to Russian, Iran, and Cuban sanctions, although the nature, scope, and timing of such changes, not to mention Congressional views on certain of them, is still unknown.

  • Jay Clayton Nomination as SEC Chair and its Impact on the Commission’s FCPA Enforcement Priorities

    5 Jan 2017

    On January 4, 2017, President-elect Trump announced that he intended to nominate Jay Clayton, a Mergers & Acquisitions partner at Sullivan & Cromwell LLP, to succeed Mary Jo White as Chair of the SEC.

  • Shearman & Sterling’s Recent Trends and Patterns in the Enforcement of the Foreign Corrupt Practices Act (FCPA)/FCPA Digest

    3 Jan 2017
    Shearman & Sterling’s bi-annual Trends & Patterns in FCPA Enforcement report provides insightful analysis of recent enforcement trends and patterns in the US, the UK and elsewhere, as well as helpful guidance on emerging best practices in FCPA and global anti-corruption compliance programs.
  • NYS Department of Financial Services Outlines Requirements for Transaction Monitoring and Filtering Programs of NY State-Licensed Institutions

    20 Jul 2016
    On June 30, 2016, the New York State Department of Financial Services (“NYSDFS”) adopted a final regulation outlining the attributes of a risk-based transaction monitoring and filtering program that certain New York State-licensed institutions now will be required to maintain (the “Final Rule”). The Final Rule includes several notable departures from the proposal that was issued by the NYSDFS on December 1, 2015 (the “Proposed Rule”). The Final Rule, which is the first significant rulemaking to be finalized under the direction of the new Superintendent of Financial Services, Maria T. Vullo, is another example of the NYSDFS asserting its role in establishing standards for compliance by banks with anti-money laundering, terrorist financing and sanctions laws.
  • Shearman & Sterling's Recent Trends and Patterns in the Enforcement of the Foreign Corrupt Practices Act (FCPA) / FCPA Digest

    5 Jul 2016

    Shearman & Sterling’s bi-annual Trends & Patterns report provides insightful analysis of recent enforcement trends and patterns in the US, the UK, and elsewhere as well as helpful guidance on emerging best practices in FCPA and global anti-corruption compliance programs.

  • To Self-Report or Not to Self-Report, That Remains the Question After the Justice Department’s Latest Effort to Encourage Self-Reporting

    29 Apr 2016

    On April 5, 2016, the United States Department of Justice, Criminal Division, Fraud Section launched a one-year Pilot Program that invites companies to self-report potential violations of the Foreign Corrupt Practices Act (“FCPA”) to the FCPA Unit of the Justice Department in exchange for, among other things, up to a fifty percent reduction in criminal fines, declination and, where appropriate, settlements without a compliance monitor.

  • Shearman & Sterling's Recent Trends and Patterns in the Enforcement of the Foreign Corrupt Practices Act (FCPA)/FCPA Digest

    4 Jan 2016
    Shearman & Sterling’s bi-annual Trends & Patterns report provides insightful analysis of recent enforcement trends and patterns in the US, the UK, and elsewhere as well as helpful guidance on emerging best practices in FCPA and global anti-corruption compliance programs.
Loading...
Loading...

Key Contact(s)

Connect With Us