Episode 268: FCPA Catch Up: Corsa Coal Declination and Flutter and Rio Tinto SEC Settlements
The Justice Department is continuing its push to encourage to encourage companies to voluntarily disclose FCPA misconduct. In its latest declination, DOJ settled with Corsa Coal for its bribery scheme in Egypt. Under the declination, Corsa Coal paid $1.2 million in disgorgement and earned a significant reduction from DOJ because of its inability to pay.
The SEC recently settled two separate enforcement actions, one against Flutter Entertainment for its operation of PokerStars and another against Rio Tinto.
In this Episode, Michael Volkov reviews the latest FCPA news and provides analysis of the actions.