Anti-Corruption & Foreign Corrupt Practices Act
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Our team has unsurpassed experience in counseling and defending U.S. and foreign companies and individuals in matters relating to the U.S. Foreign Corrupt Practices Act and similar anti-corruption laws. We are frequently contacted when a potential corruption issue arises, and are go-to counsel for investigations and enforcement proceedings before the U.S. Department of Justice (DOJ), the Securities & Exchange Commission (SEC) and the Multilateral Development Banks, including the World Bank. In addition, we advise clients considering transactions in high-risk markets or with business partners with high anti-corruption risks. We also counsel clients who are designing compliance programs and in conducting risk assessments.
JPMorgan Settles Referral Hiring Investigations
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- November 18, 2016
Paul, Weiss represented JPMorgan in connection with its recent resolutions with the U.S. Department of Justice (DOJ), the Securities and Exchange Commission (SEC) and the Federal Reserve relating to investigations of JPMorgan's hiring of candidates referred by clients, potential clients and government officials in the Asia-Pacific region. As part of the resolution, a Hong Kong-based JPMorgan subsidiary entered into a three-year non-prosecution agreement with the DOJ and JPMorgan also agreed to pay a $72 million fine to the DOJ, an approximately $62 million fine to the Federal Reserve, and approximately $131 million to the SEC in disgorgement and prejudgment interest.