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FCPA Blog Daily News

Entries in BP (21)

Monday
Sep212015

Job: Senior Counsel, Regulatory Compliance (BP - Sunbury or London UK)

Job Title: Senior Counsel, Regulatory Compliance

Employer: BP

Location: Sunbury or London UK


Role synopsis

This role is part of the regulatory compliance team that manages the high-risk legal areas of anti-bribery and corruption (ABC) and anti-money laundering (AML) for BP businesses around the world, and has a particular focus on Europe, Africa, the Middle East, Russia, and other parts of Asia. The role ensures that key stakeholders are aware of and proactively managing ABC/AML risks under U.K., U.S., and other laws, and provides hands-on leadership for investigations in these areas.

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Tuesday
May052015

We support using BNP penalties for victim restitution

The recently announced BNP sanctions settlement is remarkable in so many ways: the behavior is outrageous, the $9 billion criminal penalty is record-setting, and 13 employees were terminated. However, the most interesting part of the story may be the idea that the DOJ is exploring ways to use the forfeited funds to compensate individuals who may have been harmed by the sanctioned regimes of Sudan, Iran and Cuba.

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Wednesday
Apr292015

The BOTA Foundation explained (Part Twelve, conclusion): Future BOTAs and the FCPA

Aaron Bornstein wrote in the prior post of the potential to use recovered bribe proceeds or stolen assets to fund BOTA-inspired programs in developing countries. That possibility is real, and important.  But recognize that the majority of FCPA settlements do not involve traceable and recoverable assets -- the money is typically long gone. So if we are to create more BOTAs, we must fund them with the money that is available in your more typical FCPA settlement.

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Monday
Sep082014

First BP, then BofA: Could an FCPA defendant be next?

Attorney General Eric Holder announces Bank of America's $16.7 billion settlement on August 21, 2014.Two recent blockbuster DOJ settlements have two things in common: 1) record-setting financial penalties, and 2) a portion of those penalties being set aside to fund programs to benefit the communities harmed by the crime. Shouldn't we carry that trend into FCPA enforcement?

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Thursday
Aug212014

Job: Ethics and Compliance Director (BP Group, Singapore)

Job Title:  Ethics and Compliance Director

Employer:  BP Group

Location:  Singapore

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Monday
Aug182014

Cobalt, BP spent $175 million for a ‘missing’ Angola research center

Image courtesy of Sonangol via YoutubeA research center in Angola paid for by foreign oil companies who won the rights to some of the country’s 9.1 billion barrels of oil reserves can't be found, Tim Fernholz reported in Quartz.

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Wednesday
Aug142013

Indonesia arrests top oil regulator

Rudi Rubiandini, the chairman of SKKMigas, was arrested at his home late Tuesday (photo courtesy of Wikipedia)Indonesia‘s Corruption Eradication Agency arrested the head of the country's oil and gas regulator late Tuesday at his home in Jakarta.

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Tuesday
Jul302013

With flashy pharma sweep, China steps into global enforcement role

Here's a thoughtful comment from a U.S.-based compliance professional who asked not to be named:

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Thursday
Jun062013

Wal-Mart’s Victims, Part XIII: Learning from Environmental Law

We saw in the last post that neither restitution nor disgorgement will work very well in compensating the victims of overseas corporate bribery.

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Tuesday
Feb122013

Job: Anti-Bribery Corruption Senior Legal Counsel

Title: Anti-Bribery Corruption Senior Legal Counsel

Company: BP Group

Location: Houston, TX

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Friday
Jan042013

Kaplan's Top Ten Corporate Criminal Fines

On his great Conflict of Interest Blog, Jeff Kaplan posted the ten biggest U.S. corporate criminal fines of all time.

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Wednesday
Nov282012

The EPA suspends BP from contracting with the U.S. Government

The U.S. Environmental Protection Agency (EPA) announced today that it has suspended BP from the U.S. procurement system. The EPA explained that it did so because of BP's "lack of business integrity" relating to the Deepwater Horizon oil spill.  

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