All articles by Jaclyn Jaeger – Page 74
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Blog
President Juncker: Toward a more united Europe
The European Commission this week presented its plans for a stronger, more united Europe.
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Blog
F.H. Bertling employees sentenced in corruption case
Three former senior employees of the F.H Bertling Group were today sentenced at Southwark Crown Court, the U.K. Serious Fraud Office announced.
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Blog
GM to pay $120M in ignition switch case
General Motors today reached a $120 million settlement with the attorneys general of 49 states and the District of Columbia to resolve claims that the automaker concealed safety issues related to ignition-switch-related defects in several of its vehicles.
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Blog
Former Keppel Shipyard officer faces 395 counts of corruption
Singapore’s Corrupt Practices Investigation Bureau charged a former senior procurement officer of Keppel Shipyard, a wholly-owned subsidiary of Keppel Offshore & Marine, with 395 counts of corruption.
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Blog
SEC charges Rio Tinto with fraud
The Securities and Exchange Commission this week charged mining company Rio Tinto and two former top executives with fraud for inflating the value of coal assets acquired for $3.7 billion and sold a few years later for $50 million.
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Article
Compliance considerations for doing business in Sudan
The United States might have lifted sanctions against Sudan, but companies looking to do business there need to understand the many serious compliance hurdles that still exist.
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Blog
Car bomb kills ‘Panama Papers’ journalist
Daphne Caruana Galizia, a relentless advocate for exposing the truth about corruption on the island of Malta and who helped expose its ties to offshore tax havens linked to the Panama Papers, has been killed in a car bombing.
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Article
Assessing bribery risk country-by-country
The 2017 TRACE Bribery Risk Matrix is out, designed to help compliance departments assess the likelihood of bribery in each country around the world and better tailor their due diligence practices.
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Blog
Shell executives charged in bribery scheme
The Milan Public Prosecutor’s Office has charged several senior Royal Dutch Shell executives in Italy for their role in a widespread bribery scheme to acquire oil exploration rights in Nigeria.
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Blog
Guilty plea in PDVSA FCPA case
A partial owner of several energy companies pleaded guilty this week to foreign bribery charges for his role in a scheme to corruptly secure contracts from Venezuela’s state-owned and state-controlled energy company, Petroleos de Venezuela S.A. (PDVSA).
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Blog
NCAA to form special commission
Following a federal investigation into fraud in college basketball, the NCAA announced that it is making ‘substantive changes’ to the way it operates, forming a Commission on College Basketball.
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Blog
Samsung executive resigns amid ‘unprecedented crisis’
Samsung Electronics Vice Chairman Oh-Hyun Kwon will not seek re-election as a member and chairman of the board when his term ends in March 2018. Kwon will also resign as the chief executive officer of Samsung Display.
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Blog
‘Several countries’ probed in World Cup bribery scheme
The Office of the Attorney General of Switzerland has opened a criminal proceeding against Jérôme Valcke, the former Secretary General of FIFA, and beIN Media Group Chief Executive Officer Nasser Al-Khelaifi for bribery allegations surrounding the award of World Cup media rights.
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Blog
SEC announces another big whistleblower award
The Securities and Exchange Commission today announced that a whistleblower has earned an award of more than $1 million for providing the SEC with new information and substantial corroborating documentation of a securities law violation by a registered entity that impacted retail customers.
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Article
What you do in your free time is not your business
Two recent examples of high-profile executives being fired or disciplined for inappropriate behavior in their personal time shows that codes of conduct are not strictly 9 to 5.
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ArticleHow DICK’s Sporting Goods manages responsible sourcing
A successful sourcing program is about more than conducting audits and taking corrective action. It’s about executing an enterprise-wide risk strategy.
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Blog
Rosenstein: Tech companies must practice ‘responsible encryption’
Deputy Attorney General Rod Rosenstein in remarks this week urged technology companies to work in collaboration with the government, saying “warrant-proof” encryption allows criminals and terrorists to hide incriminating evidence.
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Blog
BAE Systems strikes blow to U.K. manufacturing sector
Defense contractor BAE Systems has just dealt a major blow to the U.K. manufacturing sector, following today’s announcement that it will be cutting nearly 2,000 jobs.
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Article
Righting a wrong: Compliance lessons from Telia
Telia Company shares in candid detail what compliance lessons it learned following its recent $956 million global bribery settlement. Those in the ethics, compliance, and legal community will want to listen up.
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Article
How corruption in sports spills into compliance
The NCAA fraud and corruption scheme that has resulted in federal criminal charges against 10 individuals offers numerous lessons for the corporate compliance world at large.