Category: FCPA

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Bribers Beware! Company Agent Sentenced to 24 Months for Obstructing Federal FCPA Investigation

A former agent for mining company BSG Resources Ltd., Frederic Cilins, was sentenced Friday to 24 months in prison for obstructing a federal investigation into an alleged bribery and money laundering scheme.  The charges against Cilins stem from an FBI investigation into efforts to secure lucrative mining concessions in the Republic of Guinea.  According to prosecutors, the investigation … Continue Reading

Whistleblowers: Boom or Bust?

It is no secret that whistleblower complaints are on the rise. According to the SEC Office of the Whistleblower’s (OWB) recently released annual report, during the 2013 fiscal year, OWB received more than 3,200 whistleblower complaints, tips, and referrals—up from 3,001 in 2012 and just 334 in 2011 (the year OWB was created). Similarly, in … Continue Reading

4 FCPA Predictions

While 2013 saw a decrease in the number of corporate FCPA enforcement actions (down from twelve in 2012 to nine in 2013), regulators have cautioned that this drop does not necessarily signal an ebbing of the enforcement tide heading into 2014.  On the contrary, DOJ and SEC officials have said their agencies will continue to … Continue Reading