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Bribery & Corruption

United States

This section includes initiatives by the FCPA, Transparency International US, TRACE International, US DoJ among others.

Securities and Exchange Commission (SEC) – Spotlight on the FCPA
Transparency International U.S
TRACE International
U.S Department of Justice – Fraud Section
U.S. Foreign Corrupt Practices Act (FCPA)
U.S Department of State – Transparency, Governance, and Anti-Corruption

And many more…

 

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U.S SEC updates its Enforcement Manual with standardised Wells procedures, joint settlement-waiver review, and enhanced cooperation and criminal referral rules to streamline investigations

February 24, 2026

The revisions streamline procedures, promote consistency, and enhance effectiveness in protecting investors and maintaining orderly markets. Key changes include standardizing the Wells process with clear timelines and senior-staff involvement, allowing simultaneous consideration of settlements and waiver requests to improve transparency and efficiency, and updating frameworks for cooperation, internal collaboration, criminal referrals, and best practices. Going forward, the manual will undergo annual reviews to ensure it stays current…

US DOJ convicts former VP of Corsa Coal Corporation for leading a major international bribery and ML scheme, using bribes and kickbacks to secure $140M in coal supply contracts

February 19, 2026

Between 2016 and 2020, Hobson paid bribes through an intermediary to Egyptian government officials at the state‑owned Al Nasr Company for Coke and Chemicals to secure nearly $140 million in coal contracts, and also received over $200,000 in kickbacks. He was found guilty of violating the Foreign Corrupt Practices Act (FCPA), conspiracy, money laundering, and wire fraud; sentencing will be determined by a federal judge…

FinCEN launches a Whistleblower Program rewards portal where individuals can confidentially report AML, sanctions, and FC violations, with rewards of 10–30% if tips lead to successful enforcement

February 13, 2026

FinCEN operates a whistleblower program that incentivises individuals to confidentially report violations or conspiracies under key anti-money laundering and sanctions laws, including the BSA, IEEPA, TWEA, and Kingpin Act. Whistleblowers may be eligible for cash awards if their tips lead to enforcement actions by the Treasury or DOJ resulting in penalties over $1 million. All submissions are kept confidential, and the information is shared with relevant Treasury and DOJ offices responsible for enforcement…

US DOJ publishes 3.5M responsive pages in compliance with the Epstein Files Transparency Act to support ongoing investigations into criminal networks linked to his abuse

January 30, 2026

The Department of Justice released a vast collection of materials — around 3.5 million pages — in response to a court order aimed at enhancing public access to records related to the Jeffrey Epstein prosecution and civil litigation. The release is intended to aid victims, support accountability, and assist federal, state and international partners in examining evidence of associated criminal conduct…

US Treasury launches investigation into nearly US$9 B in contracts for potential fraud and abuse of the Small Business Administration’s  Development Program, aiming to boost oversight and accountability

November 6, 2025

The action initiates a department-wide review of roughly $9 billion in contracts awarded under preference-based programs amid concerns that large firms may have improperly received set-asides while passing most work to subcontractors. It seeks to identify misuse, strengthen oversight, and ensure that small-business programs operate as intended to support genuinely eligible enterprises…

US Bureau of Industry and Security fines Hallewell Ventures and Albert Avdolyan $374,474 for illegally re-exporting a U.S.-origin Bombardier aircraft to Russia in violation of export controls

September 30, 2025

The company, owned by Russian businessman Albert Avdolyan, admits to the violation and settles with the U.S. Bureau of Industry and Security (BIS) by agreeing to pay a civil penalty of $374,474, which it must pay to retain any export privileges…

FinCEN issues notice to help FIs detect and disrupt financially motivated sextortion, in which victims are coerced into paying to prevent exposure of explicit content

September 8, 2025

These schemes involve perpetrators using fake personas to coerce victims into creating and sending sexually explicit images or videos, threatening to release the material unless payment is provided. FinCEN highlighted the alarming increase in such incidents, particularly among minors aged 14 to 17, and emphasized the importance of suspicious activity reporting to support law enforcement…

US SEC launches Cross-Border Task Force to combat fraud by foreign-based companies targeting U.S. investors, focusing on pump-and-dump schemes, gatekeeper failures, and high-risk jurisdictions

September 5, 2025

The Cross-Border Task Force aims to identify and investigate potential violations of U.S. federal securities laws by foreign-based companies, including market manipulation schemes such as “pump-and-dump” and “ramp-and-dump.” It also seeks to scrutinize gatekeepers like auditors and underwriters and address unique risks posed by companies in jurisdictions with heightened governmental control, such as China, to better protect U.S. investors…

US SEC charges the founder of two Washington-based companies for running Ponzi-like schemes that defrauded over $275M from more than 250 investors between 2016 and 2024

August 14, 2025

Wear allegedly sold non-existent or previously sold water vending machines to retail investors, including veterans, promising annual returns of 12% to 20%. He also issued bonds purportedly secured by these machines to institutional investors, misappropriating over $60 million for personal expenses and to pay returns to earlier investors…

US ICE exposes a $31M investment fraud, falsely promising foreign investors U.S. residency and diverting funds into political campaigns, while the project never materialised

August 6, 2025

Sherry Xue Li admitted to money laundering conspiracy and conspiracy to defraud the United States after running a fictitious development scheme known as the “Thompson Education Center,” which targeted primarily Chinese investors with false promises tied to EB-5 immigration benefits. This guilty plea, secured by Homeland Security Investigations in concert with federal partners, underscores the convergence of investment fraud and illicit campaign-finance activity, and highlights the importance of vigilant cross-border transaction monitoring and investor due diligence…

US SEC’s FY2026 OIAD report flags rising fraud risks in crypto, private investments, and China-based entities, urging  transparency, clearer disclosures and stronger safeguards for retail investors

June 25, 2025

It underscores the need to protect retail investors from misleading disclosures, liquidity traps, and social media-driven scams—issues frequently reported to the Ombuds office. The SEC plans to enhance investor testing through the THRIVE panel, scrutinize SRO rule changes for fraud exposure, and leverage its Crypto Task Force to examine deceptive practices in lending, staking, and custody….

US Senator Elizabeth Warren’s report reveals Elon Musk gained over $100bn under Trump, amid lax enforcement and troubling conflicts of interest – raising major ethical concerns

June 4, 2025

Since Election Day, Elon Musk’s net worth has surged by over $100 billion during Donald Trump’s presidency, as Musk served as a “Special Government Employee” leading the Department of Government Efficiency (DOGE). Despite extensive financial conflicts of interest across his companies—including Tesla, SpaceX, X, the Boring Company, and Neuralink—many regulatory enforcement actions against these companies have stalled or been dismissed…

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