All Asia articles – Page 2
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News BriefBIT Mining changes business model, pays $10M fine to resolve FCPA violations
A publicly traded cryptocurrency mining company will pay $10 million and completely change its business model to one with “lower corruption risk” as part of a settlement over violations of the Foreign Corrupt Practices Act (FCPA), two regulators announced.
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News BriefDOJ proposes rule that would block sale of Americans’ personal data to Chinese, Russian firms
The Department of Justice (DOJ) has proposed a new rule that would regulate the use of Americans’ personal information by foreign companies and foreign persons in six “countries of concern,” prohibiting and restricting the sale of data to thwart the use of data for cyber-enabled activities, espionage, coercion, influence and ...
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News BriefVietnamese business pays $860K for violating U.S. sanctions on North Korea
A Vietnamese alcohol company has agreed to pay $860,000 to settle allegations by the Office of Foreign Assets Control that its business with North Korea involved U.S. financial institutions.
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Blog
Genius Group names Tokinvest CCO to board
Genius Group Limited, an AI-powered education and acceleration group, announced that Tokinvest Chief Compliance Officer and Chief Financial Officer Ian Putter was appointed to its board.
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News BriefPoor internal controls led to FCPA violations in Moog’s $1.7M settlement with SEC
A company culture geared to “win business at any cost” encouraged employees of New York-based aerospace manufacturer Moog to pay bribes in India to win contracts, the Securities and Exchange Commission alleged.
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News BriefAAR Corp. discloses former exec implicated in Nepal, South Africa FCPA violations
Aviation maintenance services provider AAR Corp. disclosed that several former employees may have bribed officials in Nepal and South Africa to win contracts, and chose to self-report violations of the Foreign Corrupt Practices Act to authorities in the U.S. and U.K.
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Blog
Bank of China appoints risk chief
Bank of China announced the appointment of Zhao Rang as its chief risk officer.
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News BriefJohn Deere to pay $10M to settle FCPA violations by subsidiary in Thailand
Illinois-based manufacturer John Deere will pay approximately $10 million in penalties and disgorgement to the Securities and Exchange Commission for violating the Foreign Corrupt Practices Act with bribes paid by a Thai subsidiary.
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News BriefSEC fines Esmark, CEO combined $600K over false offer to U.S. Steel Corp.
A privately held family company and its CEO, who announced a $10 billion bid to buy U.S. Steel without having the cash on hand, will pay $600,000 in penalties to the Securities and Exchange Commission for making materially false statements.
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PremiumRaytheon parent to pay $200M in fines, remediation over export control violations
RTX Corp., the parent company of Raytheon, agreed to pay $200 million in fines and remediation to address hundreds of export control violations that led to the disclosure of sensitive military secrets.
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Bitget welcomes new legal chief
Cryptocurrency exchange and Web3 company Bitget announced the appointment of Hon Ng as its chief legal officer.
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Maybank promotes deputy risk chief to head of group risk
Maybank announced the promotion of Deputy Group Chief Risk Officer Mohamed Rezwan Abdullah Ismail to group chief risk officer.
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StarHub appoints general counsel
Communications, entertainment and digital services provider StarHub announced the appointment of Audra Balasingam as general counsel and company secretary.
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PharmaEssentia appoints legal head
PharmaEssentia USA announced the appointment of Beth Krewson as head of legal.
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PremiumCompensation survey finds average annual CCO pay jumped above $400K
A new compensation survey found base pay for chief compliance officers has risen 36 percent since 2021 to an average of more than $403,000.
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HanAll Biopharma appoints legal chief
HanAll Biopharma announced the appointment of Christopher Slavinsky as chief business development and legal officer.
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PremiumSurvey tackles aligning cross-generational views of ethics in the workplace
Companies may need to examine employees by age group to find out how likely some workers might be to ditch compliance to complete tasks.
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Mahindra Group announces sustainability chief
Mahindra Group announced the appointment of Ankit Todi as the new group chief sustainability officer.
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PremiumUpdated UFLPA enforcement strategy targets aluminum, PVC, seafood imports
U.S. Customs and Border Protection will make it a priority to check shipments of aluminum, polyvinyl chloride, and seafood from China and elsewhere in the region for links to forced labor, according to an updated Uyghur Forced Labor Prevention Act enforcement strategy.
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Blog
C1 names chief risk officer
C1, a global technology solution provider, announced that Rui Goncalves has been promoted to chief legal officer.