All articles by Jaclyn Jaeger – Page 52
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Blog
Shell: Dutch prosecutors to bring criminal charges
Oil and gas company Royal Dutch Shell announced that Dutch prosecutors are preparing to levy criminal charges against it concerning a long-running corruption scandal in Nigeria.
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ArticleBusinesses back NAFTA 2.0, but ratification no slam dunk
While U.S. companies in particular are backing the new United States-Mexico-Canada Agreement, there are some hang ups that make it no shoo-in for ratification by each of the three countries.
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Blog
SEC names its first chief risk officer
The Securities and Exchange Commission has named its first ever chief risk officer. The position, to be held Gabriel Benincasa, was created by SEC Chairman Jay Clayton to strengthen the agency’s risk management and cyber-security efforts.
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Blog
Two indicted in PDVSA bribery probe
A sales representative and a former president of a U.S.-based company are facing charges for their alleged roles in a scheme to corruptly secure business advantages from Venezuela’s state-owned and state-controlled energy company, PDVSA.
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BlogFresenius Medical Care reaches ‘agreement in principle’ in FCPA case
German healthcare company Fresenius Medical Care has reached an “agreement in principle” with U.S. authorities concerning an investigation into possible violations of the Foreign Corrupt Practices Act, booking charges of €224 million (U.S. $255 million) as of Dec. 31, 2018.
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BlogU.K.-U.S. authorities reach post-Brexit derivatives trading deal
The U.S. Commodity Futures Trading Commission and the Bank of England—including the Prudential Regulation Authority and the U.K. Financial Conduct Authority—on Monday issued a joint statement finalizing a post-Brexit derivatives trading deal.
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BlogMay gives MPs vote to delay Brexit
U.K. Prime Minister Theresa May has offered Members of Parliament the chance to vote on delaying Brexit if her deal is voted down next month.
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Blog
U.K. supermarkets collaborate to embed responsible recruitment practices in their supply chains
U.K. supermarkets—including Aldi, Co-op, M&S, Sainsbury’s, Tesco, and Waitrose & Partners—have joined together as founding sponsors of the Responsible Recruitment Toolkit to offer expert, pragmatic support to their suppliers to help them achieve responsible recruitment in their supply chains.
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Blog
SFO names new general counsel
The U.K. Serious Fraud Office named Sara Lawson as its new general counsel, effective 1 May 2019. Lawson replaces Alun Milford, who left the post late last year for Kingsley Napley after six years with the SFO.
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Blog
TechnipFMC: $280M is ‘probable estimate’ in global bribery settlement
U.K.-based company TechnipFMC disclosed in a regulatory filing that it has set aside $280 million, which it says is a “probable estimate” of the aggregate settlement amount with U.S., Brazilian, and French authorities in a global bribery case.
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Blog
Federal Reserve Board permanently bars former JPMorgan employee
The Federal Reserve Board permanently barred from the banking industry a former managing director at a non-bank subsidiary of JPMorgan Chase in connection with the bank's referral hiring program.
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BlogHerbalife provides update on FCPA probe
Dietary supplement maker Herbalife in a regulatory filing provided an update on an ongoing investigation regarding the company’s compliance with the Foreign Corrupt Practices Act in China.
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Blog
SFO faces criticism for closing Rolls-Royce, GSK cases
The U.K. Serious Fraud Office closed two long-running bribery and corruption cases against Rolls-Royce and GlaxoSmithKline—a decision that casts further doubt around the effectiveness of the SFO’s investigatory powers and makes companies question the purpose of entering a deferred prosecution agreement at all.
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Article
1MDB scandal could result in pay cut for Goldman Sachs’ executives
Goldman Sachs disclosed in a recent quarterly filing that 2018 equity-based pay awards could be subject to clawbacks depending on the results of governmental and regulatory investigations relating to 1MDB.
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Blog
EBA investigation linked to AML activities at Danske Bank
The European Banking Authority is formally investigating a possible breach of Union law by the Financial Services Authorities of Estonia and Denmark in connection to the Danske Bank money-laundering scandal.
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Blog
McKinsey & Co. to pay $15M to remedy inadequate disclosures in bankruptcy cases
Global consulting firm McKinsey & Co. entered into a $15 million multidistrict settlement agreement with the Department of Justice’s U.S. Trustee Program to resolve disputes over the adequacy of McKinsey’s disclosures of connections in Chapter 11 bankruptcy cases.
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Blog
Cognizant to pay $25M to resolve FCPA violations
Cognizant Technology Solutions has agreed to pay a civil penalty of $25 million to settle charges that it violated the Foreign Corrupt Practices Act. Additionally, two former executives of Cognizant were charged for their roles in facilitating the payment of millions of dollars in a bribe to an Indian government ...
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BlogWilliam Barr sworn in as attorney general
The Senate on Feb. 14 confirmed William Barr as the 85th attorney general of the United States, succeeding Jeff Sessions, who stepped down in November.
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Blog
SEC charges former senior attorney at Apple with insider trading
The Securities and Exchange Commission today filed insider trading charges against a former senior attorney at Apple whose duties included executing the company’s insider trading compliance efforts.
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ArticleEU expands controversial AML country blacklist
The European Commission adopted its proposed new blacklist of countries that it has identified as having significant deficiencies in their anti-money laundering and counter-terrorist financing regimes.