All articles by Jaclyn Jaeger – Page 78
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Blog
412 charged in record health care fraud ‘takedown’
A nationwide “takedown” by the Medicare Fraud Strike Force has resulted in charges against a record 412 healthcare professionals—the largest ever health care fraud enforcement action—for their alleged participation in health care fraud schemes involving approximately $1.3 billion in false billings.
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Blog
DoJ seeks to recover $144M in Nigerian oil industry corruption case
The Department of Justice has filed a civil complaint seeking the forfeiture and recovery of approximately $144 million in assets obtained from corruption in the Nigerian oil industry.
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Blog
SFO investigating Amec Foster Wheeler
The U.K. Serious Fraud Office confirmed that it has opened an investigation into the activities of London-based Amec Foster Wheeler for allegations of bribery, joining U.S. authorities in their bribery investigations into the energy services company.
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Blog
RBS reaches $5.5B settlement with FHFA
The Federal Housing Finance Agency, as conservator of Fannie Mae and Freddie Mac, today reached a $5.5 billion settlement with Royal Bank of Scotland Group alleging violations of federal and state securities laws in connection with private-label residential mortgage-backed securities trusts purchased by Fannie Mae and Freddie Mac.
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Article
Best practices for cartel enforcement compliance
As Makan Delrahim seeks confirmation as the Justice Department’s new antitrust chief, cartel enforcement will be a point of interest for compliance professionals everywhere.
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Article
How do your risk oversight processes stack up?
A pair of recently published reports draw a straight line between strong enterprise-wide risk management and strategic execution.
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Blog
International partners join forces to tackle grand corruption
A new multinational centre to coordinate law enforcement action against grand corruption was launched this month. The International Anti-Corruption Coordination Centre (IACCC), hosted by the U.K.’s National Crime Agency, brings together specialist law enforcement officers from multiple jurisdictions into a single location to tackle allegations of grand corruption.
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Blog
G20 to intensify fight against corruption
Leaders of the G20 met over the weekend to address major global economic challenges. On the agenda: a pledge to make their public administrations more resilient against corruption, ensuring that both companies and individual perpetrators are held to account.
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Blog
World Bank sanctions CDM Smith
CDM Smith has been sanctioned by the World Bank for failing to disclose a sub-consulting agreement for a project in Vietnam.
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Article
Distilling lessons from the FCPA Pilot Program
A year after the DoJ launched its FCPA pilot program, companies are gaining much-valued insight on how to self-disclose and cooperate with the Criminal Division’s Fraud Section.
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Article
New leadership, similar enforcement agenda
Amid plenty of public turmoil in the Trump administration’s early days, the enforcement agendas of both the DoJ and the SEC remain fundamentally unchanged.
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Blog
Brexit poses many environmental law challenges
A taskforce of environmental lawyers in the United Kingdom gathered in London last month to discuss how to roll over environmental law after withdrawal from the European Union.
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Blog
OFAC fines AIG for insuring Iran, Sudan, and Cuba shipments
American International Group last month agreed to pay the Office of Foreign Assets Control $148,698 to settle potential civil liability for 555 “apparent violations” of the OFAC sanctions program for insuring Iran, Sudan, and Cuba shipments.
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Blog
CDM Smith probe ends in declination with disgorgement
The Fraud Section of the Justice Department’s Criminal Division last month issued its seventh declination under the FCPA Pilot Program, and the second under the Trump Administration. It was also the fourth declination with disgorgement, a developing FCPA enforcement trend.
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Blog
SEC charges Penn West Petroleum with accounting fraud
The Securities and Exchange Commission has charged a Canadian-based oil and gas company and three of its former top finance executives for their roles in an extensive, multi-year accounting fraud.
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Blog
European Commission fines Google €2.42 billion for antitrust violations
The European Union’s antitrust watchdog this week fined Google a record €2.42 billion for breaching EU antitrust rules.
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Article
New DoJ policy limits settlement relief options
For years, companies facing regulatory settlements had the option of delivering payments to non-governmental third parties as part of their punishment. No longer.
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Blog
Bank of England raises capital requirements for U.K. banks
The U.K. Financial Policy Committee this week published its latest Financial Stability Report, which sets out its views on the U.K. financial system’s stability and an assessment of any risks to it.
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Blog
London bank official jailed for taking bribes
A U.K. court on 20th June sentenced a former London bank official to six years in prison for accepting more than £2million in bribes in return for approving large loans.
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ArticleAustralia mulls Modern Slavery Act
‘Land Down Under’ formalizes efforts to attack supply chain slavery issues and human trafficking.