Corsa Coal Archives - Corruption, Crime & Compliance

3 Apr, 2023

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...

Corsa Coal Earns Declination and Agreed to Disgorge $1.2 Million

General

22 Mar, 2023

Corsa Coal Earns Declination and Agreed to Disgorge $1.2 Million

The Justice Department has been pushing its voluntary self-disclosure program and changes to its Corporate Enforcement Policy, in an attempt to increase FCPA enforcement cooperation. The Golden Ring for every company facing this situation is a declination with disgorgement. Only 17 companies have achieved that result. The latest beneficiary is Corsa Coal Corporation (“Corsa”), which cooperated with the Justice Department and resulted in the successful...