All Construction articles

  • Blog

    Alta Equipment Group announces legal chief, general counsel

    2024-01-24T13:38:00Z

    Construction equipment supplier Alta Equipment Group appointed Jeff Hoover as chief legal officer and general counsel.

  • Blog

    Wates Group names sustainability head

    2023-12-14T12:21:00Z

    U.K.-based construction company Wates Group announced the appointment of Cressida Curtis as group sustainability director.

  • Discover Financial Services
    Premium

    Five compliance triumphs from 2023

    2023-12-13T15:00:00Z

    A financial services giant’s compliance mea culpa that could serve to benefit the rest of the profession, a chemical company’s praised FCPA settlement, and an example of the value of whistleblowers highlight CW’s annual list of laudable ethics and compliance moments.

  • Blog

    Orion Group Holdings names general counsel, CCO

    2023-12-04T13:10:00Z

    Construction company Orion Group Holdings announced the appointment of Edward Chipman Earle as executive vice president, general counsel, chief administrative officer, chief compliance officer, and corporate secretary.

  • Blog

    Caterpillar names chief sustainability officer

    2023-10-20T19:44:00Z

    Caterpillar, a manufacturer of construction and mining equipment, announced George Moubayed as its chief sustainability and strategy officer.

  • fluor_web
    News Brief

    SEC fines Fluor $14.5M over accounting lapses

    2023-09-07T16:15:00Z

    Engineering and construction company Fluor Corp. agreed to pay $14.5 million to settle allegations by the Securities and Exchange Commission that accounting deficiencies led to restatements on nearly three years of financial statements.

  • columnist dale
    Opinion

    Whistleblower goes above, beyond in Construction Specialties OFAC case

    2023-08-22T16:23:00Z

    The impact of “see something, say something” was on display as part of Construction Specialties’ settlement with the Office of Foreign Assets Control for apparent Iran sanctions violations.

  • iran_sanctions_web
    News Brief

    Construction Specialties to pay $660K in Iran sanctions case

    2023-08-17T20:11:00Z

    Construction Specialties agreed to pay more than $660,000 in a settlement with the Office of Foreign Assets Control regarding three apparent sanctions violations in Iran carried out by “rogue employees” of its Middle Eastern affiliate.

  • Colombia
    News Brief

    ​Grupo Aval to pay $81M in landmark FCPA case

    2023-08-11T14:52:00Z

    Colombian conglomerate Grupo Aval agreed to pay nearly $81 million as part of settlements addressing alleged bribes paid by its bank subsidiary Corficolombiana to win a highway construction contract.

  • Bribery
    Premium

    ​TRACE enforcement report highlights anti-bribery trends from 2022

    2023-03-16T15:11:00Z

    The United States broke from a three-year downturn in bribery-related enforcement actions, while Brazil continued its emergence in the space, according to the results of the latest annual Global Enforcement Report by nonprofit TRACE.

  • Deloitte
    Article

    Deloitte fined $1.1M for SIG audit lapses

    2022-12-22T18:02:00Z

    Deloitte received a penalty of £906,250 (U.S. $1.1 million) from the U.K. Financial Reporting Council for evidence failures regarding supplier rebates and cash uncovered in its 2015 and 2016 financial year audits at specialist building product distributor SIG.

  • Article

    Caterpillar names chief sustainability officer

    2022-12-21T15:55:00Z

    Construction equipment manufacturer Caterpillar announced Dr. Lou Balmer-Millar will assume responsibility for the chief sustainability officer role.

  • Compliance_Fails_2022 Main Art_index
    Premium

    Top ethics and compliance failures of 2022

    2022-12-06T13:00:00Z

    Businesses not taking AML requirements seriously, years of noncompliant off-channel communications catching up to financial services titans, and a manufacturing firm that shared revenue with terrorists comprise CW’s list of the biggest ethics and compliance fails of 2022.

  • Cybersecurity
    Article

    ICO warns of ‘complacency’ in fining Interserve $5M under GDPR

    2022-10-24T14:29:00Z

    The U.K. Information Commissioner warned companies not to ignore “crucial measures” to prevent cyber incidents following his office’s decision to fine construction firm Interserve £4.4 million (U.S. $5 million) for failing to secure employee personal information.

  • Lafarge
    Article

    Lafarge to pay $778M for supporting terrorist groups ISIS, ANF in Syria

    2022-10-18T20:52:00Z

    French multinational building products company Lafarge pleaded guilty to providing material support and resources to two U.S.-designated foreign terrorist groups in Syria, representing the Department of Justice’s first corporate material support for terrorism prosecution.

  • Construction site
    Article

    Granite Construction fined $12M over exec accounting fraud scheme

    2022-08-26T20:10:00Z

    California-based civil engineering and infrastructure firm Granite Construction agreed to pay $12 million to settle Securities and Exchange Commission charges alleging fraud related to inflation of the company’s financial performance.

  • London dark
    Article

    Ex-Carillion execs to face market abuse claims

    2022-07-28T19:35:00Z

    Three former executives at collapsed construction firm Carillion each face six-figure fines for market abuse for “recklessly” making misleadingly positive and inaccurate statements about the company’s financial health despite knowing it was in trouble.

  • PwC building
    Article

    PwC fined $6.2M over Galliford Try, Kier Group audit lapses

    2022-06-07T15:16:00Z

    PwC will pay a total of nearly £5 million (U.S. $6.2 million) as part of a pair of enforcement actions announced by the U.K. Financial Reporting Council regarding deficiencies in the Big Four firm’s audits at construction companies Galliford Try and Kier Group.

  • Lafarge
    Article

    Court rules Lafarge to face crimes against humanity charges

    2022-05-31T11:51:00Z

    A French court ruled Lafarge should face charges of complicity in crimes against humanity after its subsidiary allegedly paid up to €13 million (U.S. $14 million) to armed groups—including the Islamic State—to keep its Syrian cement factory running between 2012-14.

  • Bribe
    Article

    TRACE: U.S. bribery enforcement continued decline in 2021

    2022-03-18T18:21:00Z

    The number of U.S. foreign bribery enforcement actions slowed notably in 2021, while the overall pace of transnational anti-bribery enforcement actions and investigations lagged worldwide, according to TRACE International’s latest enforcement report.