Siemens to Pay Huge Fine in Bribery Inquiry | Compliance Building
Siemens to Pay Huge Fine in Bribery InquiryPublished by Doug Cornelius on December 15, 2008 at 10:36 am in Foreign Corrupt Practices Act The DOJ’s Information charging Siemens in the biggest FCPA enforcement action ever tells of more than 4,000 payments worth at least $1.4 billion to foreign officials to obtain or retain business. Siemens also had systematic and intentional violations of the internal controls and books and records provisions that might have prevented or detected the corrupt payments.
Unfortunately, the DOJ is not charging Siemens under the anti-bribery provisions of the FCPA. This would have barred them as a government contractor.
Siemens: Systemic Global Corruption by Richard Cassin of the FCPA Blog
Siemens to Pay Huge Fine in Bribery Inquiry by Mike Esterl and David Crawford of the Wall Street Journal
DOJ’s Information charging Siemens AG .
DOJ’s Sentencing Memorandum Against Siemens.
Joint Statement of DOJ and Siemens on the Iraq Oil for Food Program.
Siemens ← Red Flags in the Madoff Case
Is There More White Collar Crime Today? →
Compliance Building · Recent Trends and Patterns in FCPA Enforcement - March 5, 2009
[…] Foreign Corrupt Practices Act has been front page news quite a bit lately with the enormous settlement of Siemens. The first to break through $1 billion. The Hallibuton/KBR settlement followed up with enormous […]
The International View on US Anti-Bribery Efforts | Compliance Building - October 21, 2010
[…] The phase 2 evaluation happened in 2002. The report notes that since 2002, the US has prosecuted 71 individuals and 88 enterprises, criminally and civilly, for transnational bribery. They also achieved record penalties for FCPA violations and note the $800 million penalty against Siemens. […]
The International View on US Anti-Bribery Efforts - October 21, 2010
Siemens to Pay Huge Fine in Bribery Inquiry | Compliance Building
Siemens to Pay Huge Fine in Bribery InquiryPublished by Doug Cornelius on December 15, 2008 at 10:36 am in Foreign Corrupt Practices Act The DOJ’s Information charging Siemens in the biggest FCPA enforcement action ever tells of more than 4,000 payments worth at least $1.4 billion to foreign officials to obtain or retain business. Siemens also had systematic and intentional violations of the internal controls and books and records provisions that might have prevented or detected the corrupt payments.
Unfortunately, the DOJ is not charging Siemens under the anti-bribery provisions of the FCPA. This would have barred them as a government contractor.
Siemens: Systemic Global Corruption by Richard Cassin of the FCPA Blog
Siemens to Pay Huge Fine in Bribery Inquiry by Mike Esterl and David Crawford of the Wall Street Journal
DOJ’s Information charging Siemens AG .
DOJ’s Se
ntencing Memorandum Against Siemens.
Joint Statement of DOJ and Siemens on the Iraq Oil for Food Program.
Siemens ← Red Flags in the Madoff Case
Is There More White Collar Crime Today? →
Compliance Building · Recent Trends and Patterns in FCPA Enforcement - March 5, 2009
[…] Foreign Corrupt Practices Act has been front page news quite a bit lately with the enormous settlement of Siemens. The first to break through $1 billion. The Hallibuton/KBR settlement followed up with enormous […]
The International View on US Anti-Bribery Efforts | Compliance Building - October 21, 2010
[…] The phase 2 evaluation happened in 2002. The report notes that since 2002, the US has prosecuted 71 individuals and 88 enterprises, criminally and civilly, for transnational bribery. They also achieved record penalties for FCPA violations and note the $800 million penalty against Siemens. […]
The International View on US Anti-Bribery Efforts - October 21, 2010