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FCPA & Anti-Bribery alertFall 2019 FCPA & Anti-Bribery Hughes Hubbard & Reed LLP A New York Limited Liability Partnership • One Battery Park Plaza New York, New York 10004-1482 • +1 (212) 837-6000 Attorney advertising. Readers are advised that prior results do not guarantee a similar outcome. No aspect of this advertisement has been approved by the Supreme Court of New Jersey. © 2019 Hughes Hubbard & Reed LLP CORRUPTION PERCEPTION SCORE No Data 100 Very Clean 50 0 Very Corrupt Data from Transparency International’s Corruption Perceptions Index 2018. SCORE COUNTRY/TERRITORY RANK 67 Chile 27 52 Grenada 53 41 India 78 35 Armenia 105 29 Honduras 132 23 Uzbekistan 158 88 Denmark 1 66 Seychelles 28 52 Italy 53 41 Kuwait 78 35 Brazil 105 29 Kyrgyzstan 132 22 Zimbabwe 160 87 New Zealand 2 65 Bahamas 29 52 Oman 53 41 Lesotho 78 35 Côte d’Ivoire 105 29 Laos 132 20 Cambodia 161 85 Finland 3 64 Portugal 30 51 Mauritius 56 41 Trinidad 78 35 Egypt 105 29 Myanmar 132 20 Democratic 161 85 Singapore 3 63 Brunei 31 50 Slovakia 57 and Tobago 35 El Salvador 105 29 Paraguay 132 Republic of the Congo 85 Sweden 3 Darussalam 49 Jordan 58 41 Turkey 78 35 Peru 105 28 Guinea 138 20 Haiti 161 85 Switzerland 3 63 Taiwan 31 49 Saudi Arabia 58 40 Argentina 85 35 Timor-Leste 105 28 Iran 138 20 Turkmenistan 161 84 Norway 7 62 Qatar 33 48 Croatia 60 40 Benin 85 35 Zambia 105 28 Lebanon 138 19 Angola 165 82 Netherlands 8 61 Botswana 34 47 Cuba 61 39 China 87 34 Ecuador 114 28 Mexico 138 19 Chad 165 81 Canada 9 61 Israel 34 47 Malaysia 61 39 Serbia 87 34 Ethiopia 114 28 Papua 138 19 Congo 165 81 Luxembourg 9 60 Poland 36 47 Romania 61 38 Bosnia and 89 34 Niger 114 New Guinea Herzegovina 18 Iraq 168 80 Germany 11 60 Slovenia 36 46 Hungary 64 33 Moldova 117 28 Russia 138 38 Indonesia 89 18 Venezuela 168 80 United Kingdom 11 59 Cyprus 38 46 Sao Tome 64 33 Pakistan 117 27 Comoros 144 38 Sri Lanka 89 17 Burundi 170 77 Australia 13 59 Czech Republic 38 and Principe 33 Vietnam 117 27 Guatemala 144 38 Swaziland 89 17 Libya 170 76 Austria 14 59 Lithuania 38 46 Vanuatu 64 32 Liberia 120 27 Kenya 144 37 Gambia 93 16 Afghanistan 172 76 Hong Kong 14 58 Georgia 41 45 Greece 67 32 Malawi 120 27 Mauritania 144 37 Guyana 93 16 Equatorial Guinea 172 76 Iceland 14 58 Latvia 41 45 Montenegro 67 32 Mali 120 27 Nigeria 144 37 Kosovo 93 16 Guinea Bissau 172 75 Belgium 17 58 Saint Vincent and 41 45 Senegal 67 32 Ukraine 120 26 Bangladesh 149 the Grenadines 37 Macedonia 93 16 Sudan 172 73 Estonia 18 44 Belarus 70 31 Djibouti 124 26 Central African 149 58 Spain 41 37 Mongolia 93 Republic 14 North Korea 176 73 Ireland 18 44 Jamaica 70 31 Gabon 124 57 Cabo Verde 45 37 Panama 93 26 Uganda 149 14 Yemen 176 73 Japan 18 44 Solomon Islands 70 31 Kazakhstan 124 57 Dominica 45 36 Albania 99 25 Azerbaijan 152 13 South Sudan 178 72 France 21 43 Morocco 73 31 Maldives 124 57 South Korea 45 36 Bahrain 99 25 Cameroon 152 13 Syria 178 71 United States 22 43 South Africa 73 31 Nepal 124 56 Costa Rica 48 36 Colombia 99 25 Madagascar 152 10 Somalia 180 70 United Arab 23 43 Suriname 73 30 Dominican 129 Emirates 56 Rwanda 48 43 Tunisia 73 36 Philippines 99 Republic 25 Nicaragua 152 70 Uruguay 23 55 Saint Lucia 50 42 Bulgaria 77 36 Tanzania 99 30 Sierra Leone 129 25 Tajikistan 152 68 Barbados 25 54 Malta 51 41 Burkina Faso 78 36 Thailand 99 30 Togo 129 24 Eritrea 157 68 Bhutan 25 53 Namibia 52 41 Ghana 78 35 Algeria 105 29 Bolivia 132 23 Mozambique 158 Anti-Corruption and Internal Investigations Practice Group PARTNERS COUNSEL Michael A. DeBernardis Kevin T. Abikoff Olivier Dorgans Dina Hoffer Derek J.T. Adler Alan G. Kashdan Edward J.M. Little Robert B. Bell John T. McGoey Daniel J. McLaughlin Benjamin S. Britz Marie-Agnès Nicolas Sean M. Reilly Roel C. Campos Michael R. Silverman Charles W. Cohen ASSOCIATES & INTERNATIONAL SPECIALISTS Diego Durán de la Vega Ayoka Akinosi Clinton T. Lipscomb Ryan Fayhee Ernesto J. Alvarado Calvin K. Liu Athena Arbes Elsa Malaty Anne Gaustad Rayhan Asat Dorsaf Matri Nicolas Burnichon Megan Mollat Terence Healy Gil Ben-Ezra Lorena C. Monteiro+ Arnaldo Bernardi Babaka Mputu Michael H. Huneke Paul Charlot Robby Naoufal Ana Carolina Chaves* Jessica Norrant-Eyme Salim Jorge Saud Neto* Marina Drapey Aline Rezende Peres Osorio Jan Dunin-Wasowicz Miles Orton Matthew R. Nicely Lucie Dzongang Jordan Pate Jiaxing Hao Antonio Pimentel* Neil J. Oxford Ashley R. Hodges Debbie Placid Stephen A. Fowler Joshua Rosenthal Eric S. Parnes Edwige Fowo Caroline Rosa* Maureen A. Howley Mathieu Rossignol Laura N. Perkins Clothilde Humbert Samuel Salyer Aylin Ictemel Sergon Sancar Bryan J. Sillaman Adriana Ingenito Yoshinori Sasao Carolyn J. Jackson Aleea Stanton Elizabeth Solander Sigrid Jernudd Jennifer Suh Alyssa Johnson Luis Gustavo Vagos* Nicolas Swerdloff Brian S. Kang Inès Vally Robert Kolick Shayda Vance Nicolas Tollet Tamara Kraljic Bernardo G. Viana* Laura Vittet-Adamson George A. Tsougarakis Adam Weinstein Mei Li Zhen Marc A. Weinstein Jonathan Zygielbaum * Saud Advogados, Rio de Janeiro, Brazil in strategic cooperation with Hughes Hubbard & Reed + Admission Pending Hughes Hubbard & Reed LLP CONTRIBUTIONS Executive Kevin T. Abikoff Laura N. Perkins Editors +1 202 721-4770 +1 202 721-4778 [email protected] [email protected] Editorial Benjamin S. Britz, Michael Huneke, Anne Gaustad, Bryan J. Sillaman Panel: Drafting Michael A. DeBernardis, Tamara Kraljic, Jonathan Zygielbaum Committee Diego Durán de la Vega, Salim Saud Neto, Olivier Dorgans, Marie-Agnès Nicolas, Rayhan Asat, Emma Baker, Tabitha Bartholomew, Paul Bettencourt, Nicolas Burnichon, Ana Carolina Chaves, Edwige Fowo, Contributors Luis Gustavo Vagos, Jiaxing Hao, Clothilde Humbert, Carolyn Jackson, Win Jordan, Brian Kang, Clinton Lipscomb, Calvin Liu, Maria Mannarino, Lorena C. Monteiro, Jessica Norrant-Eyme, Paula Ortiz Cardona, Aline Osorio, Antonio Pimentel, Santiago Reyes Ramirez, Caroline Rosa, Joshua Rosenthal, Samuel Salyer, Sergon Sancar, Shayda Vance, Bernardo Viana, Laura Vittet-Adamson Page iii Introduction Raise a little hell If you want a drink of water You got to get it from a well If you want to get to heaven You got to raise a little hell1 We are pleased to bring you our Fall 2019 FCPA & Anti-Bribery Alert. As has become tradition, we begin this Alert with a quote and theme from an entertainer we lost during the past year. The inspiration for the theme of this year’s Alert is Steve Cash, who passed away in October 2019, and his band the Ozark Mountain Daredevils. Preparing this Alert, we were struck by the number of enforcement actions that described corporate failures in situations where they could or should have been stopped if more aggressive action was taken by legal or compliance personnel. The SEC’s 2019 action against Barclays, for example, included an allegation that a senior Barclays compliance officer approved the hiring of the daughter of an executive of an important government customer. Despite knowing that the banker proposing the hire had referenced winning business as a reason for the hire, the compliance officer allegedly offered an “out”, approving the hire as long as the candidate was hired based on her skills and qualifications. The candidate was hired and business allegedly followed. DOJ and SEC actions against Walmart offer another cautionary tale. After a construction company that Walmart’s Brazilian subsidiary wanted to hire failed due diligence, the compliance department of Walmart Brazil advised the business that it could not sign any more contracts with the company. This advice was simply ignored by the business, which continued to work with the construction company in order to direct improper payments to Brazilian officials. The compliance department either couldn’t or wouldn’t do anything else to stop it. In both instances, it appears that compliance was in a position with a chance to “raise a little hell” and insist that the activities cease or not go forward and instead took a rather passive approach or worse. It is important for compliance personnel to establish a good working relationship and work cooperatively with their colleagues in the business. Without this collaborative approach, compliance departments run the risk of resentment from the business and a reluctance to seek advice or guidance on important issues. However, external and internal legal and compliance advisors operating in today’s environment would be wise to take note of the direction given by the Ozark Mountain Daredevils in their 1973 hit, “If you Wanna Get to Heaven:” sometimes you have to “raise a little hell.” This Alert is divided into six chapters. Chapter 1 is devoted to analysis of critical enforcement highlights, trends, and lessons from recent settlements, prosecutions, and other related developments. Following that analysis, Chapter 2 is dedicated to the U.S. FCPA and provides a description of FCPA-related charges and settlements for 2018 through publication in 2019 organized alphabetically by year. Chapter 2 also includes discussion of other relevant FCPA-related developments, including court rulings and guidance. Chapter 3 is dedicated to developments in the enforcement of the U.K. Bribery Act, including a description of recent investigations and enforcement actions of note. Chapter 4 covers an anti-corruption enforcement update from France under Loi Sapin II.
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