In keeping with “tradition” (even if it is a one-year tradition), I like to start out the year looking back on the person of the year in 2012. As we look through the developments of 2012, there is no question of the increasing importance – and protection of – whistleblowers is the most important trend from 2012. The government is always looking for new sources...
In the last five years, law firms and companies have aggressively added resources and capabilities to respond to increased FCPA enforcement and compliance needs. Outside counsel have established practice areas dedicated primarily to FCPA enforcement and compliance issues. Five years from now is an eternity in the law enforcement and compliance fields. What will the landscape look like? The most important change has been —...
The federal government faces overwhelming challenges in trying to stem the tide of fraud in the health care system. The problem is massive, and even with the increase in resources, and adoption of new tools to fight fraud, the government’s ability to reduce fraud is intractable. As the government’s role in healthcare continues to expand, fraudsters will continue to rip the system off. Healthcare fraudsters...
One of my favorite “Seinfeld” episodes is when Jerry and George go to NBC to pitch their new television show which is about “nothing.” There are some parallels to this posting. FCPA settlements have dwindled during 2012. Even if I try to stretch some of the “important” cases such as Pfizer or Morgan Stanley, the fact is that FCPA enforcement has been slowing down. There...
When it comes to healthcare fraud enforcement, the government knows how to target its resources. It is estimated that at least 25 percent of all claims paid by Medicare are improper. The government understands the implications of this figure and is ramping up yet again its efforts to fight fraud, prevent improper payments, and execute proactive prevention programs. The government also knows that the risk...
The end of the year was very tough for global banks. For months significant enforcement actions were expected in the ongoing LIBOR manipulation probe and anti-money laundering and sanctions violations probes. This was not a year of FCPA enforcement – it was a year in which anti-money laundering, sanctions and LIBOR dominated the enforcement scene. Banks have typically been “safe” from aggressive enforcement as long...
If there is one issue which causes sleepless nights for business executives, it has to be data privacy and security. While the laws are still being updated and drafted for new technologies and new threats, businesses need to address these issues now. Financial and healthcare companies already face legal requirements for protecting consumer data. These have been in place for many years but federal and...
Happy New Year!!! Welcome to 2013 and the New Corruption, Crime & Compliance Site. I hope you enjoy the new site. I am glad to bring the website to the LeClairRyan sitemaster. Some of the new features on the website include: A preview window at the top recapping entries from the previous week. A new easier to read format with previews of latest posts. An...
“When a decision has to be made, make it. There is no totally right time for anything.” – General George Patton Companies need to be careful when resolving an internal investigation. Assuming the results of an internal investigation are only used internally and not reported to a government agency, companies have to act transparently and with care. During the internal investigation confidentiality is important to...
Interviews are the critical part of every internal investigation. Before conducting any interviews, it is important for the investigator to know as much as possible about the events under investigation. Such knowledge can come from documents, emails, financial audits, forensic studies and any other information. Practitioners know that interviews should be conducted in reverse order – meaning from least important to most important. The more...
