FCPAméricas Blog
Archive for Energy Sector category:
Fraud at Oceanografía: Implications for FCPA and AML Risks in Mexico
4.11.2014
Concerns about corruption risks in Mexico’s oil and gas sector were underscored on February 28, when the Mexican government seized control of Oceanografía, a Mexican engineering and oil platform services company. The events leading up to this seizure, which include fraud, corruption and money laundering concerns, are particularly relevant given Mexico’s recent efforts to facilitate […]
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Living the Cliché at PetroTiger
2.06.2014
The DOJ’s PetroTiger press release reads like an overblown caricature of an FCPA case: top executives of an oil and gas company formed in the British Virgin Islands, with offices in New Jersey and operations in Colombia, allegedly paid approximately $250,000 to a Colombian government official in exchange for lucrative government contracts. It is tempting […]
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Man Bites Dog: When Corporations Are Victims of Bribery
1.30.2013
On Monday, Chevron Corporation issued a press release entitled “Former Ecuadorian Judge Admits Role in Orchestrating Fraudulent Judgment Against Chevron.” The announcement provides a detailed account of how a judge received thousands of dollars from the lawyers and representatives of local indigenous residents in the Lago Agrio area of Ecuador who had sued the company. […]
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“Bad Press is the Worst Sanction”
3.09.2012
In Latin America, a company’s reputation matters. At least that is what a recent survey concluded after gauging factors that motivate businesses to counter corruption. The survey, conducted by Germany’s Humboldt-Viadrina School of Governance, reached out to business people, government officials, and civil society workers throughout the world to assess how incentives and sanctions affect […]
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Considering Reputational Risks in Brazil: A Growing Spotlight
12.08.2011
Guest Blog Post – Today FCPAméricas features author Gavin Parrish, a Practice Leader for Compliance and Fraud at Control Risks. He was previously an attorney in New York and São Paulo. Mr. Parrish can be reached at gavin.parrish@control-risks.com. In previous posts, Matt has eloquently summarized some of the key operating and compliance challenges in Brazil, […]