- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The World Bank has imposed a three-year debarment on Brazil-based construction and engineering company Construtora Norberto Odebrecht for fraudulent and collusive practices during its participation in the World Bank-financed Río Bogotá Environmental Recuperation and Flood Control Project in Colombia.
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The World Bank has imposed a 30-month debarment on Canada-based MTZ Equipment for fraudulent practices connected to Afghanistan’s On-Farm Water Management Project.
Brazil-based construction and engineering company Odebrecht has committed to make $50 million in total charitable contributions as part of a settlement reached to resolve allegations of bribery.
Breaches of the EU’s GDPR can cost companies substantial sums and huge reputational damage. Now some are warning that the implementation of the EU’s AI Act will be just as far-reaching, and could potentially lead to similar numbers of cases.
