International Anti-Corruption Enforcement Roundup

Teva discloses possible FCPA violations.  The Eleventh Circuit affirms a money-laundering conviction in the Haiti Teleco case.  U.K.’s Serious Fraud Office secures its first contested convictions for overseas bribery.  Indonesia’s KPK re-examines suspects in the Innospec bribery case.  Chinese antitrust chief emphasizes supporting innovation with competition enforcement.  The World Bank bans an Indian company for alleged fraudulent activities and agrees to work with Brazil’s Attorney General to advance cooperation on corruption risk management.  The Petrobras debacle continues to unfold: The company recently named a new CEO and announced that it will revise its method of calculating corruption-related losses.  Meanwhile, the nine largest U.S. holders of Petrobras ADRs claim to have lost more than $50 million each from the investment.

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