Ok, ok, don’t panic. Maybe not all of the millions of dedicated readers of this blog are in violation.

Nevertheless, as of June 1, if your company does business in France, it may be time to check your anticorruption compliance obligations.
Continue Reading Oh, Hadn’t You Heard? You’re Violating French Law Right Now! France Gets Serieuse about Anti-Corruption

April 24 marked another day of progress in holding kleptocrats accountable for their corruption.

On that day, the U.S. Department of Justice (“DOJ”) filed a civil forfeiture complaint to seize more than $700,000 in allegedly illicit funds from former South Korean President Chun Doo-hwan. The corrupt proceeds came from the sale of a Newport Beach house, purchased in 2005 by Chun’s son, Chun Jae Yong, who used funds that the former President had wrongfully obtained.  According to the DOJ, the United States is collaborating in this matter with the Republic of Korea’s Supreme Prosecutor’s Office, Korea’s Ministry of Justice, and the Seoul Central District Prosecutor’s Office.


Continue Reading Beach Houses and Bribes: DOJ Seeks Over $700,000 From Former South Korean President

The U.S. District Court for the Southern District of New York has held that the whistleblower protection provisions of the Dodd-Frank Act do not apply outside the United States, even where the employee alleged he was terminated for raising compliance concerns under U.S. international law. Specifically, the court found that Dodd-Frank did not protect an employee of Siemens in China who alleged he was terminated in retaliation for raising compliance concerns under the U.S. Foreign Corrupt Practices Act (FCPA). The decision will strike many observers as remarkable, since the extraterritorial provisions of the FCPA itself have been construed so broadly. The opinion in the case, Liu v. Siemens AG, Civ. No. 13 Civ. 317 (WHP) Slip Op. (S.D.N.Y. Oct. 21, 2013), may be viewed online here.
Continue Reading Dodd-Frank Whistleblower Protection: For America Only