All Anti-Corruption articles – Page 9

  • Fines

    Study: Post-financial crisis fines against financial institutions hit $36B


    Global fines and penalties against financial institutions hit $36 billion last year, as ramifications from the financial crisis continue to reverberate throughout the financial services industry, according to a new report.

  • Health records

    Practice Fusion to overhaul compliance after $145M kickback resolution


    Practice Fusion will pay a total of $145 million to resolve criminal and civil investigations for its leading role in an opioid kickback scheme. Particularly notable are the new compliance obligations imposed upon it, which are as weighty and significant as the fine itself.

  • columnist icons

    Confronting ‘willful intent’ in third-party corruption cases


    Even as companies continue to agree to multi-billion-dollar settlements related to the corrupt acts of third parties, managing the risks associated with them nevertheless eludes many compliance departments.

  • 600x400 finalist story banner11

    First four ‘Excellence in Compliance Awards’ finalists revealed


    Compliance Week is proud to announce its first four finalists for the “Excellence in Compliance Awards,” a newly formed program that recognizes individual achievement in one of 13 categories relating to risk and compliance.

  • columnist icons - kyle

    Trump’s efforts to weaken FCPA bad news for compliance


    If President Trump gets his way and the FCPA loses its bite, compliance officers would lose a valuable instrument in their fight to keep businesses on the right side of an ever-blurring line between right and wrong.

  • AirAsia

    AirAsia on defense after Airbus-related bribery allegations


    AirAsia is doing damage control after executives at the budget airline were referenced as recipients of a $50 million bribe from plane maker Airbus in the latter’s $4 billion global bribery settlement.

  • Airbus

    Airbus resolves global bribery scandal for record $4B


    Airbus has agreed to pay a total of $4 billion in penalties split between the United States, United Kingdom, and France—the world’s largest global resolution for bribery.

  • Airbus

    Airbus announces resolution of global corruption case


    Airbus confirmed it has reached a deal with authorities in the United States, the United Kingdom, and France to resolve long-running allegations of bribery and corruption. The settlement could reportedly be worth billions.

  • CPIMap2019

    TI reveals political power correlation to corruption


    Lack of campaign finance transparency and increased perceptions of political power among the wealthy are factors that correlate with a high risk of corruption according to Transparency International’s 2019 Corruption Perceptions Index.

  • Ericsson

    Ericsson discloses E&C enhancements since $1B FCPA settlement


    Ericsson in a recent regulatory filing disclosed in more detail what improvements it has made to its ethics and compliance program following its $1 billion settlement with U.S. authorities last year concerning violations of the Foreign Corrupt Practices Act.

  • ICA logo

    ICA announces regulatory and financial crime conference in Dubai


    The International Compliance Association will host its inaugural MENA Regulatory and Financial Crime Compliance Conference in Dubai on March 1-2. His Excellency Ebrahim Obaid Al Zaabi, director general, Insurance Authority, will deliver the keynote address.

  • Samsung

    Samsung establishes compliance oversight committee


    Samsung Group has announced its intent to establish a corporate compliance oversight committee as the company seeks to clean up its tarnished reputation following a slew of scandals.

  • WhistleblowerReward

    Teva to pay $54M in FCA whistleblower settlement


    Teva Pharmaceuticals has reached a $54 million settlement in a lawsuit filed by two whistleblowers over allegations the drug company bribed physicians through numerous “sham” speaker programs in exchange for prescribing Teva drugs.

  • BadApple

    Landec discloses FCPA probe


    Landec, an innovator of health and wellness solutions, has discovered and reported to U.S. regulators a “compliance issue” at its Yucatan Foods production facility in Guanajuato, Mexico. It now faces a government probe into possible FCPA violations

  • Uber

    Uber: Fraud Section ends bribery probe


    The Department of Justice has closed its investigation into possible violations of the Foreign Corrupt Practices Act by ride-sharing company Uber.

  • StockManipulation

    Swiss firm, owner face charges in stock manipulation scheme


    The SEC and DOJ have separately announced charges against a Swiss asset management firm and several individuals for engaging in a long-running stock manipulation scheme involving numerous U.S. issuers. The charges resulted from a failed attempt to circumvent disclosure requirements imposed by securities laws.

  • Ghosn

    Ex-Nissan chair Carlos Ghosn secretly flees Japan


    Carlos Ghosn, the former chairman of Japanese automaker Nissan, late last week secretly fled Japan, where he was awaiting trial over allegations of financial misconduct.

  • Timeline

    Compliance 2020: A timeline


    Compliance Week looks back at two decades of scandals, enforcement actions, and regulatory policies (2000-2019) that shaped the compliance function we see today.

  • columnist icons

    Top ethics and compliance failures of 2019


    From antitrust and privacy concerns in the tech world to compliance officer liability in the pharmaceutical industry to unethical practices in the banking and accounting professions, more than a dozen companies made Compliance Week’s list of the biggest compliance fails in 2019.

  • SFO building

    SFO confirms DPA with Güralp Systems after three acquitted


    The founder and two former employees of Güralp Systems were acquitted of charges they conspired to bribe a South Korean public official, making it the latest corruption case in which the U.K. Serious Fraud Office failed to secure individual convictions.