- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2022-08-04T13:49:00
Global management consultancy Bain & Co. was barred from competing for U.K. government contracts for three years following its role in a corruption scandal involving South Africa’s national tax offices.
The move follows a probe into allegations of widespread corruption and graft during the nine-year period former South African President Jacob Zuma was in power. Zuma has been accused of placing the interests of corrupt associates ahead of those of his country.
An investigation commission concluded Bain, which was pitching for public-sector contracts, “had not told the full story” regarding its collusion with Zuma and former South African Revenue Service Commissioner Tom Moyane and their plans “to seize and restructure” the agency and centralize procurement procedures—changes that would facilitate corruption, according to the commission’s report.
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2025-05-01T14:39:00Z By Neil Hodge
Antitrust infringement cases in the United Kingdom can run on for years, but there’s a question whether issuing fines that are dwarfed by the revenues of those organisations involved is a worthy deterrent—particularly if they are imposed over a decade after the misconduct ended. It’s also debatable whether the first ...
2025-04-30T17:17:00Z By Adrianne Appel and Aly McDevitt
Tom Hardin AKA “Tipper X” went from a young trader with his whole career ahead of him to an inside trader who got caught, acted as a Federal Bureau of Investigation informant for two years, and pleaded guilty to a felony.
2025-04-29T21:47:00Z By Aaron Nicodemus
Like never before in modern American history, ethics and compliance are under attack.
2025-01-28T15:35:00Z By Aaron Nicodemus
Maria Aristidou Demetriou, chief compliance officer at Cyprus-based Hellenic Bank, spoke to Compliance Week about derisking in the Cypriot banking sector since Russian’s invasion of Ukraine and efforts to combat corruption, money laundering, and sanctions evasion.
2024-06-03T18:48:00Z By Aaron Nicodemus
Swedish telecommunications giant Ericsson announced the conclusion of the independent compliance monitorship imposed on the company following its 2019 settlement for violations of the Foreign Corrupt Practices Act.
2024-04-04T00:41:00Z By Aaron Nicodemus
Former Albemarle CCO Andrew McBride explained at Compliance Week’s 2024 National Conference how he led the company’s compliance department to remediate the issues that led to apparent FCPA violations and how the team used data analytics to assess risks and implement compliance solutions.
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