All Asia articles – Page 10
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ArticleAsia Pacific compliance: Five tips for practitioners based outside the region
Communicating the variances of Asian regulatory policies could mean the difference between progress or failure. One of our former Top Minds offers companies five tips for avoiding a regulatory disaster within a multinational organization.
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ArticleInternational Flavors and Fragrances discloses bribery investigation
International Flavors and Fragrances says it is investigating potential improper payments made in Russia and Ukraine by an Israeli-based company it acquired last year.
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ArticleWalmart agrees to $282.7M FCPA resolution
Walmart has agreed to pay a combined total of $282.7 million to resolve a more than seven-year investigation resulting from violations of the Foreign Corrupt Practices Act.
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ArticleRegulators globally still call for better audits
While encouraged by the trend in audit inspection results, global audit regulators report they are still seeing levels of audit deficiency that command continued focus on improvement.
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Nissan to overhaul its governance structure
In a meeting this month, Nissan’s board of directors unanimously voted in favor of a transition from a company with statutory auditors to a company with three statutory committees.
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U.S. could ban all Huawei products
New moves from the Commerce Department suggest a full domestic ban on products from the Chinese telecom giant Huawei are forthcoming.
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World Bank Group debars Sieyuan Electric
The World Bank Group has placed a 15-month debarment on Shanghai-based Sieyuan Electric relating to fraudulent practices under the Inter-Zonal Transmission Hub Project.
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Special committee report details governance reforms needed at Nissan
Last year, Japanese automaker Nissan formed a “Special Committee for Improving Governance” after its chairman Carlos Ghosn was arrested for engaging in financial misconduct. On March 27, the special committee published its findings, holding nothing back.
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World Bank Group debars for one year Vietnamese water and sewerage company
The World Bank has imposed a one-year debarment on Vietnamese, state-owned water and sewerage company Vietnam Water and Environment Investment Corporation – JSC.
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ArticleA global look at anti-bribery enforcement activity
TRACE International’s 2018 Global Enforcement Report serves as an insightful resource for companies seeking information on which countries are enforcing anti-bribery laws and which countries are beleaguered by bribery and corruption issues.
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Coupang names chief compliance officer, general counsel
Coupang, an e-commerce company and Korea’s largest online retailer, has appointed Jay Jorgensen as general counsel and chief compliance officer. Jorgensen is a recognized expert on corporate governance, most recently serving as the global chief ethics & compliance officer of Walmart.
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Lumber Liquidators to pay $33M for securities fraud
Lumber Liquidators Holdings, a discount retailer of hardwood flooring, will pay a total of $33 million in criminal and regulatory penalties for misleading investors concerning the sale of its laminate flooring from China to its customers in the United States.
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MTS settles FCPA case with SEC, Department of Justice
Russian telecommunications provider Mobile TeleSystems (MTS) has reached settlements with both the Department of Justice and the Securities and Exchange Commission to resolve charges that it violated the Foreign Corrupt Practices Act to win business in Uzbekistan.
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Huawei Technologies and U.S. affiliate indicted for theft of trade secrets, wire fraud
In court documents unsealed Jan. 28, a grand jury this month returned a 10-count indictment by two affiliates of Chinese telecommunications conglomerate Huawei Technologies for theft of trade secrets, wire fraud, and obstruction of justice.
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ArticleAs tensions grow, so do China-related compliance risks
Tariffs, trade secrets, and arrests fuel high-risk scenarios for companies that do business with organizations in China.
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ArticleRisk mitigation strategies amid U.S.-China trade tensions
Tensions between the United States and China are forcing many companies to reassess their trade compliance programs in addition to their supply-chain risk mitigation strategies.
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ArticleA global look at corruption challenges
Prudent compliance and risk leaders should use the 2018 Corruption Challenges Index to assess a specific country’s corruption challenges risk. But it’s important to keep in mind that it is just one piece of analysis.