All Anti-Bribery articles – Page 24
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Blog
Airbus to pay €81.25 million to end German corruption probe
German prosecutors have ordered Airbus to pay a fine of € 81.25 million to end a five-year bribery investigation concerning the sale of Eurofighter aircraft to the Republic of Austria in 2003.
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Novartis responds to ongoing corruption investigations
Novartis has issued a response concerning ongoing corruption investigations by both Greek and U.S. authorities.
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The intersection of cyber-security with the compliance professional
New York’s Department of Financial Services (DFS) has issued the first state level regulations on cyber-security for financial institutions, but non-financial services industries should take heed of them as well.
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The effects of corruption at home
Petrobras (of Operation Car Wash fame) will soon consider offers to sell a refinery located in Pasadena, bringing the effects of the FCPA home to the United States.
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GlaxoSmithKline: An update on SFO investigation
GlaxoSmithKline isn’t out of the weeds yet. The pharmaceutical company this week said the U.K. Serious Fraud Office has requested new information relating to an ongoing investigation, this time concerning third-party advisers engaged by the company.
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FBI international corruption squad head joins Exiger
Exiger, a global regulatory, financial crime, risk and compliance firm, appointed George “Ren” McEachern as managing director in the company’s Global Investigations Group.
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Former DOJ official joins EY's FIDS practice
Kathleen McGovern, former Senior Deputy Chief in the Criminal Division, Fraud Section, has joined Ernst & Young as a principal in its Fraud Investigation & Dispute Services practice.
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Did OSI Systems commit FCPA and securities trading violations?
OSI Systems said the SEC and Department of Justice have commenced investigations into potential violations of the Foreign Corrupt Practices Act, and also are investigating trading in the company’s securities.
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Cobalt: SEC ends second FCPA probe
Cobalt International Energy disclosed in a securities filing this week that the SEC concluded its second investigation into potential violations of the Foreign Corrupt Practices Act related to the company’s operations in Angola and does not intend to bring an enforcement action.
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Argentina passes tough new anti-corruption law
Long criticized for looking the other way on graft, Argentina now requires companies doing business there to build strong anti-corruption programs, and plans to enforce it, as well.
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South Africa reminds the FCPA covers political parties
For any company doing business in South Africa, all your contacts with the African National Congress have FCPA implications; This means all the investigations you might be performing for contracts with the South African government, anything associated with the Gupta family or state-owned enterprises, should be assessed for ANC contacts ...
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HSBC to pay $101.5M in front-running scheme case
U.K.-based global financial services company HSBC Holdings will pay a total of $101.5 million to resolve charges that it engaged in a scheme to defraud two bank clients through a multi-million dollar scheme commonly referred to as “front-running.”
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Tone in the middle of an organization
What should the tone in the middle be? This role is critical because the majority of company employees work most directly with middle, rather than top management and, consequently, they will take their cues from how middle management will respond to a situation.
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Financial incentives in a compliance program
You must be able to evolve in your thinking and professionalism as a compliance practitioner to recognize the opportunities to change and then adapt your incentive program to make the doing of compliance part of your company’s everyday business process.
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The three levels of due diligence
How to recognize and utilize each level of due diligence to fight corruption.
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What is a root cause analysis?
The Justice Department has mandated a root cause analysis should be performed for every incident rising to the level of a compliance violation. Is your team ready to do so?
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The end of the compliance defense debate
Over the years, there has been a siren’s call for the addition of a compliance defense to the FCPA. It’s time to send the so-called “compliance defense” packing.
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Article
Preventing corruption in the mining sector
A global study from Transparency International explores what causes corruption in the mining sector and what the compliance function can do to help prevent it.
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New Oversight Systems solution helps reduce fraud
Oversight Systems has enhanced its Insights On Demand platform, providing companies with one-click visibility to resolve issues high-risk repeat offenders who are responsible for most non-compliant T&E transactions and fraud in the workplace.
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Barclays forex trader charged in 'front-running' scheme
The Department of Justice has charged the former head of Barclays Capital’s New York foreign exchange trading operation in an indictment for his alleged role in a scheme to defraud a client of Barclays through a method commonly referred to as “front-running.”