All Construction articles

  • Blog

    Alta Equipment Group announces legal chief, general counsel


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

  • Blog

    Wates Group names sustainability head


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

  • Discover Financial Services

    Five compliance triumphs from 2023


    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


    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


    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


    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

    Whistleblower goes above, beyond in Construction Specialties OFAC case


    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


    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


    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

    ​TRACE enforcement report highlights anti-bribery trends from 2022


    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

    Deloitte fined $1.1M for SIG audit lapses


    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


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

  • Compliance_Fails_2022 Main Art_index

    Top ethics and compliance failures of 2022


    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

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


    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

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


    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

    Granite Construction fined $12M over exec accounting fraud scheme


    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

    Ex-Carillion execs to face market abuse claims


    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

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


    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

    Court rules Lafarge to face crimes against humanity charges


    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

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


    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.