All articles by Jaclyn Jaeger – Page 38
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ArticleNew benchmark report takes global look at CSR performance
A new benchmark report published by sustainability ratings provider EcoVadis provides a comprehensive analysis of the corporate social responsibility performance of more than 30,000 companies around the world.
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ArticleDannenbaum Engineering overhauls compliance; fined $1.6M for campaign contributions
Dannenbaum Engineering and its parent company have agreed to pay a $1.6 million criminal fine for a scheme involving illegal campaign contributions. While the fine might not be significant, the compliance lessons are.
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ArticleSamsung Heavy Industries to pay $75M in foreign bribery case
Samsung Heavy Industries will pay total criminal penalties of $75.5 million to enforcement authorities in the United States and Brazil to resolve violations arising out of a bribery scheme in Brazil.
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ArticleCorporate Enforcement Policy revisions impact FCPA disclosure
The Department of Justice this month made a few minor adjustments to its Corporate Enforcement Policy that are worth a closer look, as these changes could impact when compliance officers and corporate counsel decide to self-report a potential Foreign Corrupt Practices Act violation.
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ArticleSix steps for developing an AI ethics framework
Artificial intelligence can undoubtedly improve processes and create efficiencies, but it can also be an enormous risk if it’s not designed with ethics in mind.
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Hong Kong, Singapore regulators fine UBS $59M for client overcharges
Swiss bank UBS will pay $59 million in total civil penalties in resolutions with both Hong Kong and Swiss regulators for overcharging clients for over a decade.
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ArticleSEC awards three whistleblowers $260,000
The SEC has awarded over $260,000 to three individuals who jointly submitted a tip alerting the agency to a well-concealed fraud targeting retail investors that led to a successful enforcement action. The whistleblowers were, themselves, harmed investors.
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ArticleU.S. trending up in new TRACE matrix bribery report
The latest edition of TRACE International’s annual Bribery Risk Matrix shows many of the same countries named in last year’s report are still struggling with business-related bribery risk. One country on the rise: the United States.
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ArticleNHTSA probing Tesla for defects that cause battery fires
The National Highway Traffic Safety Administration has launched an investigation into electric-car company Tesla over potential battery defects that allegedly cause its vehicles to suddenly burst into flames.
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ArticleSutter Health pays $30M in lawsuit
Healthcare services provider Sutter Health will pay $30.5 million in a lawsuit filed by a former compliance officer alleging fraud and kickbacks, though Sutter did not admit laibility and points out there was no finding that Sutter violated anti-kickback laws.
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ArticleFormer Herbalife execs charged with FCPA violations
The DOJ has charged two former executives of Herbalife with violations of the Foreign Corrupt Practices Act for bribing Chinese government officials for over a decade and then trying to cover up the illicit payments.
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Wells Fargo general counsel stepping down
Wells Fargo announced General Counsel Allen Parker will leave the company, effective March 31, 2020, “to pursue other business opportunities.”
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ArticleSEC investigating ProPetro’s financial disclosures
Oilfield services company ProPetro Holding announced the SEC has opened an investigation into its financial disclosures and reporting.
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ArticleSurvey: Workplace equality issues top of mind for European employers
Improving workplace equality is on the list of concerns and priorities for European employers, with many moving to address equal pay and workplace harassment, according to the findings of a newly released survey.
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ArticleInternal control best practices for blockchain technology
Those in accounting who want to understand better the inherent risks, threats and vulnerabilities, and internal control best practices associated with the use of blockchain technology now have a first-of-its-kind framework to follow.
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ArticleGoogle, Ascension defend partnership amid federal inquiry
Criticism from lawmakers in addition to a federal inquiry regarding Google’s controversial partnership with Ascension has both the tech giant and the non-profit healthcare provider firing back.
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ArticleISS unveils 2020 policy updates
Proxy advisory firm Institutional Shareholder Services has released updates to its 2020 benchmark proxy voting policies. The updated policies will generally be applied for shareholder meetings on or after Feb. 1, 2020.
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Carnival enhances its ethics and compliance function
As part of its new companywide ethics and compliance function stemming from a history of environmental violations, Carnival has announced seven new hires and internal promotions.
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Alstom exec convicted of FCPA, money-laundering charges
A former Alstom executive was found guilty by a federal jury for his role in a multi-year, multi-million-dollar foreign bribery scheme and related money-laundering scheme in Indonesia.
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ArticleCase study: How 3M uses predictive analytics
At a recent virtual conference, Michael Duran, chief ethics and compliance officer at 3M, shared in candid detail lessons learned from the company’s journey toward predictive analytics.