US DOJ Is Expanding Reach of Foreign Corrupt Practices Act, Attorneys Say
The federal government has been creative in how it enforces the statute, which targets overseas corruption by US businesses.
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International Corruption Uncovered: Fresenius Will Pay $231M To Settle Charges Of Bribery, Sloppy Bookkeeping
Fresenius Medical Care has agreed to pay $231m to resolve reports of overseas bribery. The US Department of Justice says the dialysis giant paid bribes to health and government officials in Angola and Saudi Arabia, and failed to keep accurate financial records in Angola, Saudi Arabia, Morocco, Spain, Turkey, and several countries in West Africa.
The agency allows IVD developers to use assays with different instrument systems without submitting a new 510(k), as long as they meet certain safety and efficacy criteria.
The device giant is recalling Cobalt and Crome defibrillators because they may deliver weaker shocks than intended.