Weekly Industry News - Anti-Corruption / FCPA & International Trade

Anti-Corruption/ FCPA and International Trade – FedEx tells authorities of possible FCPA violations in Kenya, confronting FCPA and anti-corruption risk in China M&A deals and more.

Confronting FCPA and Anti-Corruption Risk in China M&A Deals by David Wang, Nathaniel Edmonds, Ananda Martin, and John Tso Published on Main Justice

Fighting corruption around the globe is an increasingly high priority for U.S. enforcement agencies and China lies at the center of that effort. In the last decade, the U.S. Department of Justice (“ DOJ”) and the U.S. Securities and Exchange Commission (“SEC”)… [ Read More ]

FedEx Tells Authorities Of Possible FCPA Violations In Kenya by David McAfee Published on Law 360

FedEx Corp. has informed the U.S. Department of Justice and the U.S. Securities and Exchange Commission that its Kenya business has been accused of bribing government officials in what could constitute a violation of the Foreign Corrupt Practices Act, a FedEx representative confirmed on Tuesday… [ Read More ]

DOJ Official: We Don’t Outsource FCPA to Law Firms by Joel Schechtman Published on WSJ

The U.S. Justice Department doesn’t rely on private law firms to make anti-bribery cases for them, an official said.

“My point is we don’t outsource,” said Jeffrey Knox, who leads the Department’s fraud unit that oversees anti-bribery cases. Speaking at the Wall Street Journal’s CFO Network conference in Washington D.C., Mr. Knox said, “Internal investigations are a tool–an important tool in many cases…But we are not relying on it.”… [ Read More ]