On December 17 2012 Allianz SE, a major German insurance and asset management company, reached a settlement with the Securities and Exchange Commission (SEC) on charges of violating the Foreign Corrupt Practices Act (FCPA). In return for a payment of $12.3M SEC committed to abstain from further inquiries regarding the subject of the procedure –… Continue Reading
Category Archives: FCPA Jurisdiction
Subscribe to FCPA Jurisdiction RSS FeedOutline of Resource Guide to the U.S. Foreign Corrupt Practices Act (November 14, 2012)
Posted in Compliance Program, FCPA Jurisdiction, Foreign Corrupt Practices ActOn November 14, 2012, the Department of Justice (“DOJ”) and Securities and Exchange Commission (“SEC”) released A Resource Guide to the Foreign Corrupt Practices Act, available here (the “Guide”). In its 10 chapters, the Guide provides an overview of the current state of the FCPA as interpreted by the courts, the DOJ and the SEC. … Continue Reading
District Judge Issues Unprecedented Limitation on FCPA’s Jurisdictional Reach
Posted in FCPA Jurisdiction, Foreign Corrupt Practices ActIn an unprecedented blow to the government’s assertion of jurisdiction under the Foreign Corrupt Practices Act (FCPA), United States District Judge Richard Leon, presiding over the so-called Shot Show Sting cases, granted the Rule 29 acquittal motion of Defendant Pankesh Patel on the ground that the government could not establish that jurisdiction over “persons other… Continue Reading