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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 Pemex (15)

Tuesday
Jul162019

Practice Alert: Mexico expands asset forfeiture to anti-corruption enforcement

Legislative changes in Mexico continue to expand the tools prosecutors have to fight corruption and to effectively recover illicitly acquired assets, particularly from corrupt activities. This is all the more significant given the recent major prosecutorial actions against the former CEO of PEMEX and others in what seems to indicate Mexico's turn toward pursuing major corruption cases.

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Thursday
Jun132019

Mexico joins the anti-bribery enforcement bandwagon

Anti-corruption law has never been thought to hold much sway in Mexican affairs. Despite a nominal prohibition of bribery and graft and an abundance of recent corruption scandals, the country’s history of minimal enforcement has fostered an expectation of impunity. The message to those who invest in Mexico’s economy has been clear: You can follow your own compliance program as a matter of internal policy, but there is little risk of sanction should any of your officers go astray.

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Tuesday
May222018

PEMEX requires compliance programs for contractors

In the next few weeks suppliers and contractors of PEMEX, Mexico's state owned oil company, will be required to submit information on the existence and state of their compliance programs.

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Friday
Aug122016

Key Energy pays $5 million to settle FCPA offenses in Mexico

Houston-based Key Energy Services, Inc. agreed to disgorge $5 million to settle Foreign Corrupt Practices Act offenses caused by bribes from its Mexican subsidiary to an employee at state-owned Pemex.

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Friday
Sep122014

H-P Russia sentenced for mob-style felonies

A Russia subsidiary of Palo Alto-based Hewlett Packard Company pleaded guilty Thursday in federal court in San Francisco to conspiracy and substantive violations of the anti-bribery and accounting provisions of the Foreign Corrupt Practices Act.

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Thursday
Jul172014

Pemex loses appeal in bribe suit against Siemens, SK Engineering

A federal appeals court Wednesday upheld the dismissal of a lawsuit by Mexico's state-owned oil company that accused Siemens and SK Engineering & Construction of bribing its officials to win refinery refurbishing work.

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Sunday
Jun012014

Mexico issues arrest warrant for CEO in Oceanografia fraud probe

Amado Yanez Osuna, courtesy of Wikiedia Mexican authorities issued an arrest warrant for the chief executive officer of Oceanografia SA, Amado Yanez, accusing him of participating in crimes at the oil services provider.

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Tuesday
Apr152014

Citibank hit with second Mexico fraud

Image courtesy of EVYFCitigroup Inc. said it has discovered another alleged fraud by a second company in Mexico, identified in a report by Oil Patch Asia as Representaciones y Distribuciones EVYA.

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Wednesday
Apr092014

H-P in $108 million settlement for Mexico, Russia, Poland bribes

Hewlett-Packard agreed Wednesday to pay more than $108 million to settle FCPA charges brought by the DOJ and SEC.

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Monday
Mar032014

Citigroup under investigation for fraud, possible FCPA violations in Mexico unit

The Securities and Exchange Commission is reportedly investigating Citigroup for accounting fraud and possible violation of the Foreign Corrupt Practices Act following the bank's disclosure of fraudulent loans in its Mexican unit.

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Monday
Aug192013

Corruption concerns cloud Pemex reform plan

Mexico President Enrique Peña Nieto wants to open the state oil company to private and foreign investment.

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Friday
Aug022013

U.S. judge tosses Pemex claims against Siemens, SK Engineering

A U.S. federal judge Tuesday threw out a civil lawsuit filed Mexico's state-owned oil company Pemex against Siemens AG and a South Korea's SK Engineering that alleged bribes to Pemex officials.

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