Settlements and individual accountability

On 3 September 2018, ING Bank (further: ING) accepted and paid a settlement of € 775 million offered by the Dutch Public Prosecution Service (PPS) for violation of the Anti-Money Laundering and Counter Terrorism Financing Act and for culpable money laundering (Article 420quater of the Dutch Criminal Code. The largest transaction in history for the Netherlands. Not only the amount of the transaction makes this transaction memorable. Another remarkable fact is that no individual employees or managers will be prosecuted by the Dutch public prosecution service. What is the reason for this?

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US Court limits reach of FCPA over foreign nationals

On 24 August 2018, the US Court of Appeals held in U.S.A v. Lawrence Hoskins No. 16-1010-CR (Hoskins) that a non-resident foreign national cannot be guilty of violating the US Foreign Corrupt Practices Act (FCPA) as an accomplice or a co-conspirator if that person was incapable of committing it as a principal.

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Advocaten: ’Amsterdam medeschuldig aan fraude’

Hoe staat het met de interne controle op het handelen van ambtenaren die bij de gemeente Amsterdam in dienst zijn? Deze vraag komt steeds meer centraal te staan in een corruptiezaak waardoor het stadsdeel Amsterdam West tussen 2008 en 2015 voor meer dan vier miljoen euro benadeeld is.

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Oud-topman SBM Offshore veroordeeld tot drie jaar gevangenisstraf vanwege omkoping

Voormalig SBM Offshore-bestuurder Anthony Mace is in de Verenigde Staten veroordeeld tot drie jaar gevangenisstraf en een boete van 150.000 dollar (circa 130.000 euro) vanwege omkoping.

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Foreign Corrupt Practices Act Continuity in a Transition Year

Like prior years, 2017 was notable for enforcement actions against business organizations across a wide industry spectrum, involving conduct around the globe, and ranging from egregious instances of corporate bribery executed at the highest levels of the company and involving hundreds of millions of dollars to garden variety allegations of sports tickets, internships for family members of alleged foreign officials, and charitable donations.

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