FCPA News

Comverse Technology Inc. (CTI) agrees to pay a $1.2 million penalty for violating the Foreign Corrupt Practices Act

In an April 7, 2011 press release, the U.S. Department of Justice (DOJ) reported that Comverse Technology Inc. (CTI) agreed to pay a $1.2 million penalty for violating the Foreign Corrupt Practices Act.

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Foreign Corrupt Practices Act Reporting Center
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Do you have information about bribery or improper payments in violation of the Foreign Corrupt Practices Act (FCPA)?

Recent changes to the US Foreign Corrupt Practices Act (FCPA) allow individuals to potentially collect millions of dollars by reporting corruption in US companies or any company traded on US exchanges. If you know of any improper payments, offers, or gifts made by a company to obtain an advantage in a business overseas report it confidentially to our attorneys.

  • The FCPA covers improper payments to foreign officials broadly defined as any and all government employees, officials or agents, and any person who works for a state owned business.
  • The FCPA under its record keeping provisions also makes it illegal for companies to make payments of any kind not properly accounted for on the books.
  • The US government can fine companies up to 2 Million dollars for each violation of the law. Thus for each payment made and for each false record there may be a fine levied even if the payments are small.

Becoming a FCPA whistleblower may entitle you to receive substantial compensation, potentially millions of dollars.

New changes in US laws now allow individuals reporting FCPA violations to receive full protection from retaliation and collect upto 30% of the fines that the government collects. In 2010 the US government collected over $1.5 Billion dollars in FCPA fines.

Report violations of the Foreign Corrupt Practices Act (FCPA) to our experienced legal team.

Our attorneys are currently representing whistleblowers throughout Europe, Asia, Africa and North America. Complete the secure form on this page or call 1-800-934-2921 for a free no obligation consultation with a lawyer

.Foreign Corrupt Practices Act (FCPA) Reporting Center

 
 
What is the Foreign Corrupt Practices Act (FCPA) Print E-mail

The U.S. enacted the Foreign Corrupt Practices Act in 1977 with two main aims: to enforce existing Securities and Exchange Commission (SEC) accounting transparency requirements and to address bribery of foreign officials.

 
Foreign Corrupt Practices Act (FCPA) Whistleblowers Print E-mail

One of the main sources of information for the US government in their foreign anti-bribery/anti-corruption enforcement campaigns is FCPA whistleblowers. 

 
FCPA: Dawn of a New ERA Print E-mail

I recently attended a Foreign Corrupt Practices Act conference in New York attended by several hundred defense lawyers and corporate in house counsel. The topics presented were typical for such a gathering, FCPA compliance strategies, how to manage self disclosure of FCPA violations, how to prepare for a government audit etc there was also a brief panel on how the FCPA would be impacted by the new SEC whistleblower provisions.