GovCon & Trade

SEPTEMBER 8, 2023

Second, Charles McGonigal, former Special Agent in Charge of the FBI New York Counterintelligence Division, pleaded guilty to violating the International Emergency Economic Powers Act (IEEPA) and to committing money laundering after providing services to a Specially Designated National (SDN). There were also a few China-related actions.

Export 130

Export Internal Control Corruption Procurement 130

Government Contracts & Investigations

DECEMBER 6, 2023

The Foreign Corrupt Practices Act (“FCPA”) prohibits U.S. companies from engaging in bribery and corruption abroad when the payments are directed at foreign government officials to gain an improper business advantage. [4] 3] What is the FCPA? American companies acquiring foreign corporations need to assess the risks carefully.

Corruption 52

Corruption Internal Control Ethics Accountability 52

Whistleblower Network News

OCTOBER 4, 2023

Securities and Exchange Commission (SEC) Office of the Whistleblower posted a Notice of Covered Action (NoCA) for an enforcement action taken against the 3M Company over allegations that a subsidiary company based in China violated the Foreign Corrupt Practices Act (FCPA). 3M agreed to pay the SEC $6.5 3M agreed to pay the SEC $6.5

Telecommunication 64

Telecommunication Internal Control Corruption Accountability 64

Government Contracts & Investigations

JANUARY 31, 2024

Specifically, the agency asserts that absent consistent and comprehensive anti-money laundering (“AML”) and countering the financing of terrorism (“CFT”) obligations, corrupt officials and other illicit actors may invest ill-gotten gains in the U.S. financial system through hedge funds and private equity firms.

Internal Control 52

Internal Control Finance Corruption Evaluation 52

Federal News Network

MARCH 26, 2025

The Foreign Corrupt Practices Act goes back decades. Even if corruption is the norm in that country. Interview transcript: Tom Temin: Let’s review briefly, precisely, more than my summary said about the Foreign Corrupt Practices Act. convention against corruption. It prohibits U.S. You have a U.N.

Corruption 83

Corruption Internal Control Accountability Quality 83