Painful Lessons Learned From Alstom, Avon Settlements

By Tom Fox2015-01-13T09:45:00

Two long-standing FCPA investigations—one into Avon, the other into Alstom—wrapped up in December, with results sure to alarm any audit committee. The fines were huge, the investigation costs just as large and, above all, the costs of non-cooperation were demonstrated to be painfully high. Inside, Compliance Week columnist Tom Fox ...

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Alstom exec convicted of FCPA, money-laundering charges

2019-11-11T20:57:00Z By Jaclyn Jaeger

A former Alstom executive was found guilty by a federal jury for his role in a multi-year, multi-million-dollar foreign bribery scheme and related money-laundering scheme in Indonesia.
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In London, Compliance Officers in the Crosshairs

2015-06-23T15:45:00Z By Howard Stock

Recent cases in the United Kingdom suggest that prosecutors and regulators are increasingly willing to hold compliance officers personally liable as they wage war against corporate fraud. Inside, we look at the corruption charges brought by Britain’s Serious Fraud Office against Alstom SA and the Financial Conduct Authority’s case against ...
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Internal Controls, Audit Committees Primed for SEC Scrutiny

2015-03-03T10:30:00Z By Joe Mont

Every February SEC officials convene at the Practising Law Institute’s “SEC Speaks” conference, where commissioners can break news and staff can detail priorities for the New Year. The focus this year, from rulemaking to enforcement, was on financial reporting internal controls, and ways to improve audit committees. And, of course, ...

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Painful Lessons Learned From Alstom, Avon Settlements

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Alstom exec convicted of FCPA, money-laundering charges

In London, Compliance Officers in the Crosshairs

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“For tracking litigation, enforcement, and regulatory developments, Compliance Week
should be your prime source.”