Difference between revisions of "Foreign bribery and FCPA violations"

Line 26: Line 26:
For example, on December 15, 2008, Siemens AG agreed to pay [https://www.sec.gov/news/press/2008/2008-294.htm $350 million] in disgorgement to settle the SEC’s charges of violating the FCPA, as well as a [https://www.justice.gov/opa/pr/former-siemens-executive-pleads-guilty-role-100-million-foreign-bribery-scheme $450 million] fine to the DOJ to settle criminal charges, totaling $800 million in monetary sanctions. If these two actions occurred today and were based on original information voluntarily provided to the SEC by an eligible whistleblower, the SEC would be required to pay an award to that whistleblower of between $80 million (10% award) and $240 million (30% award) for the two actions. See additional examples of FCPA enforcement actions below.
For example, on December 15, 2008, Siemens AG agreed to pay [https://www.sec.gov/news/press/2008/2008-294.htm $350 million] in disgorgement to settle the SEC’s charges of violating the FCPA, as well as a [https://www.justice.gov/opa/pr/former-siemens-executive-pleads-guilty-role-100-million-foreign-bribery-scheme $450 million] fine to the DOJ to settle criminal charges, totaling $800 million in monetary sanctions. If these two actions occurred today and were based on original information voluntarily provided to the SEC by an eligible whistleblower, the SEC would be required to pay an award to that whistleblower of between $80 million (10% award) and $240 million (30% award) for the two actions. See additional examples of FCPA enforcement actions below.


To learn more about the FCPA, see the DOJ’s FCPA Fact Sheet and FCPA Resources Guide.
To learn more about the FCPA, see the DOJ’s [https://www.justice.gov/iso/opa/resources/85120121114101420662750.pdf FCPA Fact Sheet] and [https://www.justice.gov/criminal-fraud/fcpa-resource-guide FCPA Resources Guide].


Top Enforcement Actions for FCPA/Foreign Bribery Violations
='''Top Enforcement Actions for FCPA/Foreign Bribery Violations'''=
The table below identifies some of the top SEC and DOJ enforcement actions against companies for FCPA violations:
The table below identifies some of the top SEC and DOJ enforcement actions against companies for FCPA violations:


TABLE
TABLE