How to Report Sanctions Violations
Article by John Joy, Managing Attorney, FTI Law. Sanctions are legal restrictions that prohibit U.S. persons and businesses from doing business with certain entities and in certain regions. Sanctions are enforced by the Department of Treasury and the Department of Justice (DOJ). Both agencies regularly issue fines to companies for violating sanctions and pursue violators […]
Should Employees Have FCPA Training?
Article by Managing Attorney, John Joy Whether you run a business or work in compliance, one of the most frequently asked questions on the Foreign Corrupt Practices Act (FCPA) is: Do I have to train employees on FCPA compliance? In this article, we explain when a company has to train employees on FCPA compliance, which employees need to […]
Unique Compliance Perspectives from Business Ethics Expert Bruce Klaw
Business ethics expert Professor Bruce Klaw speaks to FTI Law as part of the Corporate Accountability Leadership Series As part of our Corporate Accountability Leadership Series, we’ve been speaking to some of the leaders in the field of corporate accountability, finding out what they do and why they do it. As a part of the […]
FCPA Whistleblower Paid $279 Million for Assisting In Ericsson Enforcement Actions
On May 5th the U.S. Securities and Exchange Commission (SEC) awarded a record breaking $279 million to a whistleblower who reported legal violations that resulted in three separate enforcement actions. Since the award, the Wall Street Journal has revealed that the award was related to a tipster who assisted the SEC with its record-breaking fine against […]
What is the SEC Form TCR?
If you are an SEC whistleblower, then it’s likely that at some stage you will come across SEC Form TCR. TCR stands for Tips, Complaints Referrals and the SEC Form TCR allows whistleblowers to provide information to the SEC and become eligible for an SEC whistleblower award. If you want to submit SEC Form TCR, […]
Make Big Changes in Corporate Culture by Changing Small Behaviors
Business ethics and behavioral science expert Todd Haugh speaks to FTI Law as part of the Corporate Accountability Leadership Series As part of our Corporate Accountability Leadership Series, we’ve been speaking to some of the leaders in the field of corporate accountability, finding out what they do and why they do it. As a part […]
Whistleblower Protection Under the Foreign Corrupt Practices Act
The biggest concern for many potential whistleblowers is the prospect of facing retaliation for speaking up about legal violations. This is especially true for whistleblowers who report bribery or corruption, which can constitute a violation of the Foreign Corrupt Practices Act (FCPA). In this article we will outline the protections a whistleblower is entitled to […]
Flutter Fined By U.S. Regulator For Suspicious Payments To Russian Consultants
The U.S. Securities and Exchange Commission (SEC) announced an enforcement action against Flutter International Inc. (formerly Paddy Power Betfair) for violating the Foreign Corrupt Practices Act (FCPA). In an administrative proceeding filed on March 6, the SEC alleged that a company acquired by Flutter had violated the FCPA through its use of Russian consultants, despite […]
How to Claim Whistleblower Rewards For Reporting Crypto Fraud
Article by John Joy, Managing Attorney, FTI Law. SEC Crypto Whistleblower Rewards The SEC operates a whistleblower reward program for people reporting fraud or crime involving “securities.” The SEC believes that some contracts to buy cryptocurrencies are “securities.” If you know about a person or company fraudulently selling cryptocurrencies (through an ICO for example) in the U.S. […]
ABB, Honeywell, AT&T – Over $500 Million in SEC Fines in January
At the end of every month, the Securities and Exchange Commission (SEC) publishes a Notice of Covered Action for recent fines in excess of one million dollars. There were seven notices issued in January for over $500 in fines, the headlines were: Honeywell pays over $161 million for bribery schemes in Algeria and Brazil ABB […]