- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2023-07-10T17:22:00
The Group of Seven (G7) justice ministers announced a joint task force to thwart corruption in Ukraine.
Under Japanese leadership, the Anti-Corruption Task Force (ACT) for Ukraine will “help Ukraine strengthen the rule of law and fight corruption,” said U.S. Deputy Attorney General Lisa Monaco in remarks to G7 dignitaries in Tokyo on Friday.
The task force aims to “share information and take stock of ongoing and planned anti-corruption initiatives in Ukraine, analyze the anti-corruption needs of Ukraine, and develop possible strategies,” the G7 ministers said in a declaration.
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The Financial Action Task Force added Cameroon, Croatia, and Vietnam as part of the latest updates to its so-called “grey list” of jurisdictions under increased monitoring for money laundering and terrorist and proliferation financing.
Deputy Secretary of the Treasury Wally Adeyemo said the agency is primed to step up its enforcement efforts regarding sanctions and export controls announced against Russia in the year since the country invaded Ukraine.
The Department of Justice’s charges against a U.K. businessman and his Russian partner for evading U.S. sanctions against a Russian oligarch provide insight into how the use of shell companies, third parties, and other methods can thwart the compliance efforts of financial institutions.
Swedish telecommunications giant Ericsson announced the conclusion of the independent compliance monitorship imposed on the company following its 2019 settlement for violations of the Foreign Corrupt Practices Act.
Former Albemarle CCO Andrew McBride explained at Compliance Week’s 2024 National Conference how he led the company’s compliance department to remediate the issues that led to apparent FCPA violations and how the team used data analytics to assess risks and implement compliance solutions.
Swedish telecommunications company Ericsson announced its independent monitor appointed by the Department of Justice certified its compliance program satisfies the requirements ordered by the U.S. agency following its 2019 Foreign Corrupt Practices Act settlement.
