All Anti-Corruption articles – Page 9

  • Fines
    Article

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

    2020-02-11T19:39:00Z

    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
    Article

    Practice Fusion to overhaul compliance after $145M kickback resolution

    2020-02-05T16:37:00Z

    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
    Article

    Confronting ‘willful intent’ in third-party corruption cases

    2020-02-04T20:03:00Z

    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
    Article

    First four ‘Excellence in Compliance Awards’ finalists revealed

    2020-02-04T17:19:00Z

    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
    Article

    Trump’s efforts to weaken FCPA bad news for compliance

    2020-02-04T16:10:00Z

    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
    Article

    AirAsia on defense after Airbus-related bribery allegations

    2020-02-03T21:27:00Z

    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
    Article

    Airbus resolves global bribery scandal for record $4B

    2020-01-31T22:18:00Z

    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
    Article

    Airbus announces resolution of global corruption case

    2020-01-28T18:38:00Z

    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
    Article

    TI reveals political power correlation to corruption

    2020-01-28T17:02:00Z

    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
    Article

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

    2020-01-27T21:20:00Z

    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
    Article

    ICA announces regulatory and financial crime conference in Dubai

    2020-01-16T14:43:00Z

    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
    Article

    Samsung establishes compliance oversight committee

    2020-01-09T19:42:00Z

    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
    Article

    Teva to pay $54M in FCA whistleblower settlement

    2020-01-07T20:01:00Z

    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
    Article

    Landec discloses FCPA probe

    2020-01-07T14:47:00Z

    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
    Article

    Uber: Fraud Section ends bribery probe

    2020-01-06T19:03:00Z

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

  • StockManipulation
    Article

    Swiss firm, owner face charges in stock manipulation scheme

    2020-01-03T18:31:00Z

    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
    Article

    Ex-Nissan chair Carlos Ghosn secretly flees Japan

    2020-01-02T20:10:00Z

    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
    Article

    Compliance 2020: A timeline

    2020-01-02T14:03:00Z

    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
    Article

    Top ethics and compliance failures of 2019

    2019-12-27T17:13:00Z

    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
    Article

    SFO confirms DPA with Güralp Systems after three acquitted

    2019-12-23T15:30:00Z

    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.