Search

Editors

Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

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 Siemens AG (39)

Thursday
Dec142017

Jessica Tillipman: The most important FCPA case of all time is . . . 

The FCPA Blog's post Wednesday about important cases mentioned Telia, Siemens, TSKJ, The Africa Sting, and U.S. v. Kay. For the reasons set out in the post, those are all good candidates. But for me, hands down, the most important case is Siemens.

Click to read more ...

Wednesday
Dec132017

What's the most important FCPA case ever?

Since the FCPA became law in December 1977, the DOJ has brought about 300 enforcement actions. Which one is the most important?

Click to read more ...

Thursday
Sep212017

Telia disgorges $457 million to SEC, agrees to $965 million in total penalties for FCPA offenses

The SEC said in an enforcement order Thursday that Sweden's Telia Company AB will disgorge $457 million to resolve FCPA violations in Uzbekistan.

Click to read more ...

Thursday
Jun152017

Chaim Gelfand: Israeli government officials jailed for taking bribes from Siemens

Yesterday I participated as a panelist at a roundtable on the "Increase in the Enforcement of the Foreign Bribery Statue in Israel," part of the Globes Newspaper's Capital Markets Conference.

Click to read more ...

Tuesday
Jun062017

Supreme Court limits SEC disgorgement power

The U.S. Supreme Court Monday ruled 9-0 to limit the Securities and Exchange Commission's legal authority to recover ill-gotten profits from defendants.

Click to read more ...

Friday
Sep232016

FCC fines Siemens for failing to disclose FCPA and obstruction convictions

The Federal Communications Commission fined Siemens Corporation and Siemens Medical Solutions $175,000 Thursday for failing to disclose corporate felony convictions as required by the FCC's rules.

Click to read more ...

Tuesday
Jul122016

Upcoming Event: Anti-Corruption Collective Action Conference (Basel, Switzerland -- October 20-21)

The International Centre for Collective Action (ICCA) at the Basel Institute on Governance is hosting a conference entitled “Collective Action: Evidence, Experience and Impact on October 20 - 21, 2016 in Basel, Switzerland.

Click to read more ...

Tuesday
May032016

Report: Siemens pays $42 million to settle Israel bribe case

Siemens AG agreed to pay the Israeli government about $42 million as a penalty for bribing officials at state-owned Israel Electric Corporation to win a contract to supply turbines fifteen years ago.

Click to read more ...

Tuesday
Jan052016

Our Top Ten List didn't change in 2015 (but here's when it did change)

The biggest FCPA settlement in 2015 was BHP Billiton. It paid $25 million to the SEC to settle Olympics-related FCPA offenses. The case fell far short of the Top Ten List, missing a tenth place finish by a whopping $160 million.

Click to read more ...

Wednesday
Nov182015

SEC: More FCPA whistleblower tips in FY2015, but fewer tips overall from abroad

Eric Young of McEldrew YoungThe SEC received 16 percent more tips from whistleblowers concerning suspected violations of the Foreign Corrupt Practices Act in fiscal year 2015 than it did the previous year, according to the annual report released by the SEC Office of the Whistleblower. 

Click to read more ...

Wednesday
Sep302015

Former CFO of Siemens Argentina pleads guilty to FCPA offenses

The former chief financial officer of Siemens S.A. – Argentina pleaded guilty Wednesday in federal court in New York City to conspiring to pay tens of millions of dollars in bribes to Argentina government officials in connection with a $1 billion contract to create national identity cards.

Click to read more ...

Monday
Sep282015

VW aftermath: Message about Compliance 2.0 is finally a no-brainer

The chief of Volkswagen USA admitted the company screwed up, and the global CEO has resigned. Prosecutors and regulators, along with aggrieved buyers of its diesel vehicles, are lining up for retribution and justice.

Click to read more ...