- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Through recent investigations and enforcement actions, the Securities and Exchange Commission and Department of Justice have been warning companies to proceed with caution when hiring the relatives of foreign government officials, lest they run afoul of the Foreign Corrupt Practices Act.
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Barclays joins a growing list of financial institutions to pay a penalty for violations of the books and records and internal accounting controls provisions of the FCPA due to questionable hiring practices.
Deutsche Bank has become the latest financial institution to pay a penalty for violations of the Foreign Corrupt Practices Act over questionable hiring practices, showcasing a litany of compliance failures.
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.
