Saudi Arabian Corruption Crackdown-What does it mean for Compliance?
FCPA Compliance Report-Episode 357, Paradise Papers and Saudi Arabia Corruption Crackdown
FCPA Compliance and Ethics Report-Episode 109-interview with Bill Michael on the SEC FCPA enforcement action against FLIR employees
On 18 April 2025, Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) published amendments to the VAT Implementing Regulations. Key changes include stricter VAT group formation criteria, new deemed supplier rules for...more
As Saudi Arabia emerges as a global investment destination, it is essential for foreign investors, financial institutions, and legal and compliance professionals to understand the Kingdom’s anti-corruption initiatives,...more
On 6 August 2024, the Council of Ministers approved amendments to the Kingdom of Saudi Arabia (“KSA”) Labor Law and its Implementing Regulations. These will come into force on 19 February 2025, 180 days after being published...more
يُعد نظام حماية البيانات الشخصية (النظام) أول نظام شامل لحماية البيانات في المملكة العربية السعودية. من المتوقع أن تبدأ الهيئة السعودية للبيانات والذكاء الاصطناعي (الهيئة) في الإنفاذ الكامل للنظام اعتبارًا من 14 سبتمبر 2024،...more
The PDPL has broad extraterritorial scope and substantial penalties for non-compliance, with full enforcement expected to start in September. The Personal Data Protection Law (PDPL) is the first comprehensive data...more
Last week the Justice Department (DOJ) announced a resolution of the long stand Foreign Corrupt Practices Act (FCPA) enforcement action involving Telefonaktiebolaget LM Ericsson (Ericsson), a multinational networking and...more
In a truly extraordinary article in the New York Times (NYT), columnist Thomas L. Freidman opened the article on his interview with Crown Prince Mohammed bin Salman (MBS) with the following, “I never thought I’d live long...more
In this episode, I am interviewed by Jonathan Armstrong, a partner at Cordery Compliance in London on the implications of the Paradise Papers and Saudi Arabian corruption crackdown for the compliance practitioner. What...more
What every international business person should absolutely remember that there is no country in the world which makes bribery and corruption legal by statute. That means if and when a government decides to clamp down on what...more
The Embraer FCPA settlement action contains a number of important lessons learned and compliance reminders. In several significant respects, the Embraer case confirms in several areas why proactive compliance programs are...more
After years of investigation, disclosures, and press reports, the Embraer FCPA case finally came to a close. Hopefully, we will not see more of these long-term, seemingly endless investigations. The Justice Department and the...more
I conclude my exploration of the recently announced Department of Justice (DOJ) and Securities and Exchange Commission (SEC) Foreign Corrupt Practices Act (FCPA) enforcement action with the announcement of the resolution of...more
Today I continue my exploration of the recently announced Department of Justice (DOJ) and Securities and Exchange Commission (SEC) Foreign Corrupt Practices Act (FCPA) enforcement action with the announcement of the...more
The Department of Justice (DOJ) and Securities and Exchange Commission (SEC) continued their stunning 2016 run of Foreign Corrupt Practices Act (FCPA) decisions with the announcement of the resolution of the Embraer SA...more