- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The Bank of New York Mellon has agreed to pay $14.8 million to the SEC to settle charges that the bank awarded plum internships to the relatives of Mideast government officials in exchange for business managing those countries’ sovereign wealth funds. “These officials sought, and BNY Mellon agreed to provide, ...
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Sharing information and expanding enforcement pipelines are fueling a global crackdown on corruption in general, but especially in the extractive industry.
London-based HSBC said in an earnings release last week that it is one of several banks being investigated by the U.S. Securities and Exchange Commission for its hiring practices in Asia. Hiring a family member or friend of a government official violates the Foreign Corrupt Practices Act if the intent ...
A publicly traded cryptocurrency mining company will pay $10 million and completely change its business model to one with “lower corruption risk” as part of a settlement over violations of the Foreign Corrupt Practices Act (FCPA), two regulators announced.
