Jaclyn Jaeger is an Editor at Compliance Week. She writes on a wide variety of topics, including ethics and compliance, regulatory enforcement matters, risk management, technology, and more. Jaeger welcomes questions and comments from readers; she can be reached via e-mail at email@example.com.
A U.S. Department of Justice official said in remarks that the agency is making a “concerted effort” to speed up the pace of FCPA investigations and that the agency expects cooperating companies to do the same.
A federal court in Detroit has sentenced Volkswagen AG in connection with a decade-long scheme to sell diesel vehicles containing software designed to cheat U.S. emissions tests. As part of the plea agreement, VW will pay a $2.8 billion penalty.
A U.S. federal judge this week ordered Odebrecht to pay $2.6 billion in fines for violations of the Foreign Corrupt Practices Act, securing a plea deal reached last year with authorities in the United States, Brazil, and Switzerland.
Raymond James Financial has reached a $150 million settlement to resolve all investor claims that the firm stole and misused millions of dollars raised through investments solicited under the federal EB-5 visa program.
Bombardier, a Canadian multinational aerospace and transportation company, said that it is “committed to the highest level of integrity” in response to an investigation being conducted by Swedish authorities and the World Bank into a Bombardier Transportation contract in Azerbaijan.
Global financial institution ING confirmed it is the subject of a criminal investigation by Dutch authorities for money laundering and corrupt practices in Uzbekistan. The Netherlands-based company has also received related information requests from U.S. authorities.
CA, an information technology management software and services company, agreed to pay $45 million to resolve allegations under the False Claims Act that it made false statements and claims in the negotiation and administration of a General Services Administration contract, the Department of Justice announced.