With our political system suffering from a growing chasm down party lines, our public servants seem to be increasingly vulnerable to public pressure. Politicians scramble to fight for whatever cause du jour will garner them the most support. And lately, no political act is guaranteed to please Main Street quite so much as blaming the U.S. banking system for the country’s woes. (It is not just the government attacking the banks; as we reported here, Arab Bank of Jordan is currently facing penalties after a jury of its peers decided the bank was liable for seemingly attenuated violations of the Anti-Terrorism Act.)
Continue Reading Round Two: Prosecutors Reopen Bank Settlements
settlement
Total Settlement of FCPA Charges
By Sheppard Mullin on
Posted in FCPA and Anti-Corruption
By: Cheryl Palmeri
On May 29, 2013, Total, S.A. (Total), the French petroleum corporation, agreed to pay nearly $400 million to resolve charges that it violated the anti-bribery and books and records provisions of the Foreign Corrupt Practices Act (FCPA). Collectively, the penalties imposed by the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) against Total mark one of the largest settlement amounts yet under the FCPA.
Continue Reading Total Settlement of FCPA Charges