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Harry Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Richard L. Cassin Editor at Large

Elizabeth K. Spahn Editor Emeritus 

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor


FCPA Blog Daily News

Entries in Brazil (262)

Thursday
Jun202019

Walmart pays $282 million for FCPA resolution

Walmart Inc. agreed Thursday to pay the DOJ and SEC $282 million to settle allegations that it violated the Foreign Corrupt Practices by paying an intermediary in Brazil for help obtaining construction permits and having weak anti-corruption internal controls in Brazil, China, India, and Mexico.

 

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Friday
May102019

Telefônica Brasil resolves ‘World Cup hospitality’ FCPA offenses

The SEC Thursday fined Telefônica Brasil S.A. $4.125 million for providing soccer tickets and hospitality to government officials who could help the company's business.

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Thursday
Mar142019

Enforcement agency restructured in Brazil corruption fight

The Federal Comptroller's Office (CGU) is an internal control body of the Brazilian Federal Government responsible for carrying out activities related to the defense of public patrimony and increasing the transparency of management, through public corrective actions, prevention and fight against corruption and ombudsman.

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Monday
Mar042019

Brazil unleashes AML agency with broad new powers

Last month Brazilian president Jair Bolsonaro and Ministry of Justice Sérgio Moro published the Decree No. 9.663/2019, changing the status of the Financial Activities Control Council (COAF), the Brazilian AML Agency. In addition to integrating it with the Ministry of Justice and Public Security (previously the agency was linked to the Ministry of Finance), the new rule also reformed its structure and gave it greater powers.

 

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Friday
Feb222019

TechnipFMC reserves $280 million for ‘global’ bribery resolution

London-based TechnipFMC plc said in an SEC filing Wednesday that it has set aside $280 million for a settlement of bribery-related offenses with authorities in the United States, Brazil, and France.

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Friday
Feb152019

New Brazil bill seeks to add NPAs and whistleblower rewards

Earlier this month, the Brazilian Minister of Justice Sergio Moro presented a bill proposing an "anticrime package," establishing “measures against corruption, organized crime and crimes committed with serious violence.”

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Wednesday
Dec262018

Eletrobras pays $2.5 million to resolve FCPA offenses

The SEC Wednesday charged Brazil's Centrais Elétricas Brasileiras S.A. or Eletrobras with violating the books and records and the internal accounting controls provisions of the Foreign Corrupt Practices Act.

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Friday
Dec142018

Former Embraer sales exec avoids prison in Aramco bribes case

Colin Steven blew the whistle on himselfA former sales executive of Embraer SA was sentenced Wednesday to time served and fined $25,000 for paying a bribe to help sell jets to the giant oil company, Saudi Aramco.

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Wednesday
Dec052018

Brazilian Institute of Asset Recovery hosts inaugural event

The Brazilian Institute of Asset Recovery (Instituto Brasileiro de Rastreamento de Ativos, or IBRA) recently held its inaugural event.

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Tuesday
Nov132018

Surprise: Federal, state, and local agencies enforce Brazil’s anti-corruption law

Brazil’s federal prosecutors, judges, and Comptroller General (CGU) have become world-famous for enforcing Brazil’s anti-corruption laws. But few outside Brazil realize that interpretation and enforcement of Brazil’s flagship anti-corruption law, the Clean Companies Act, does not end with the federal government.

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Monday
Oct012018

Two former oil executives receive multi-year prison terms for FCPA violations

Two former executives of SBM Offshore, N.V. were sent to prison Friday for their role in bribing officials at state-owned oil and gas companies in three countries.

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Friday
Sep282018

Petrobras smashes the top ten list (and we explain why)

Brazil's state-owned energy giant entered into the biggest FCPA settlement in history Thursday after the DOJ and SEC assessed penalties and disgorgement totalling $1.78 billion.

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