Anti-Corruption & Compliance Blog

As we look back on the anti-corruption enforcement trends we saw in 2023, there were several key developments.

• The Department of Justice (“DOJ”) brought 11 enforcement actions in 2023. Only six were against companies - Telefonaktiebolaget LM Ericsson, Corporacion Financiera Colombiana SA, Tysers ...

On September 28, 2023, the Securities and Exchange Commission (“SEC”) announced that it reached a settlement with Exelon Corporation and its subsidiary, Commonwealth Edison Company (“ComEd”), relating to charges that ComEd engaged in a multi-year bribery scheme. Exelon and ComEd agreed to pay a $46.2 ...

On November 30, 2022, OpenAI launched ChatGPT, and the artificial intelligence chatbot quickly became the talk of the corporate world. With over 100 million users, ChatGPT is one of the fastest growing applications of all time. Since its onset, businesses faced issues related to employee use of ChatGPT to draft ...

Human Resources Compliance Audits (Part 2)

In this guest post by a member of Porter Hedges’ Labor & Employment practice group, the Anti-Corruption & Compliance Blog turns its focus to labor and employment law compliance. This post is the second installment of the Blog’s limited series discussing best ...

In this guest post by a member of Porter Hedges’ Labor & Employment practice group, the Anti-Corruption & Compliance Blog turns its focus to labor and employment law compliance. This post is the first installment of the Blog’s limited series discussing best practices for conducting a Human Resources ...

On February 22, 2023, the U.S. Department of Justice’s (DOJ) United States Attorneys’ Offices (USAO) announced a new Voluntary Self-Disclosure Policy that went into immediate effect. The purpose of the new policy is to create a standard for how voluntary self-disclosures (VSDs) are defined and credited by ...

The following summarizes our team’s monitoring of key developments in anti-corruption enforcement during 2022 and what that may mean going forward in this new year:

• The Department of Justice (“DOJ”) brought 17 enforcement actions in 2022. Only 5 were against companies: Honeywell, ABB, GOL Linhas Aereas ...

As the Russian invasion of Ukraine continues, the executive branch is mounting what the U.S. Department of Treasury (“Treasury”) calls a “historically unprecedented campaign of sanctions and export controls” aimed at Russian-connected financial institutions and individuals. The sanctions and ...

While companies increase focus on external risks by enhancing regulatory compliance, anti-corruption policies, and cybersecurity, they must not lose sight of internal risks, including internal fraud and embezzlement. The Association of Fraud Examiners reports that organizations lose an average of 5% of ...

In previous posts on the Porter Hedges Anti-Corruption & Compliance Blog, our team has discussed the U.S. Securities and Exchange Commission’s (“SEC”) proposal to amend its rules and require disclosures related to cybersecurity practices. The SEC wants to enhance and standardize the disclosures ...