Telecom Executives Agree to Pay Penalties for Foreign Corrupt Practices Act Violation

May 4, 2017

Sometimes foreign executives forget that U.S. law can reach them and their companies, particularly if they issue securities in the United States. The case of three former executives at Magyar Telekom, a telecommunications provider from Hungary, whom the Securities and Exchange Commission (SEC) charged with having violated the Foreign Corrupt Practices Act (FCPA) is just…

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Obama Justice Department expands FCPA Prosecutions to Combat International Corruption; US Executives Authorizing Overseas Kickbacks Now Face Jail

November 15, 2009

Siemens Agrees to Massive $1.34 BN Penalty to Settle FCPA Corruption Charges US and EU businesses operating in or solicing clients in any foreign country should take note of several recent developments in the laws intended to combat fraud and corruption by US and EU companies. In the last several months, there have been significant…

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