In the latest episode of Expert Opinions - Russia, Eurasia, a podcast from the Harriman Institute at Columbia University, Masha Udensiva-Brenner
Pursuant to a Directive enacted by the European Parliament and Council, all 27 nations within the European Union (EU) must “bring into force” whistleblower protection “laws, regulations.
U.S. authorities' recent probing of Toyota for possible Foreign Corrupt Practices Act violations illustrates the heightened enforcement risks faced by corporate policyholders, which could encounter an even harder market for directors and officers insurance, according to legal experts.
Indictment Alleges International Scheme Involving Bribes Touching NY Correspondent Bank Accounts
The U.S. Department of Justice
announced last week that U.K. law enforcement officials arrested, at its request, an Austrian national, Peter Weinzierl, for his alleged participation in a wide-ranging money laundering scheme involving Brazilian construction conglomerate Odebrecht S.A. Odebrecht previously
pleaded guilty in December 2016 to a one-count criminal information charging violation of the Foreign Corrupt Practices Act (“FCPA”) anti-bribery provisions.
This arrest comes with the unsealing of a
federal grand jury indictment in the Eastern District of New York, charging Weinzierl and Alexander Waldstein, who is still at large, for their alleged complementary roles in the scheme. Specifically, each man was charged with one count of conspiracy to commit money laundering and two counts of international promotional money laundering; Weinzierl was charged with an additional
Avianca Holdings disclosed in a regulatory filing that the SEC has dropped its FCPA investigation into the company and will not recommend an enforcement action.