All articles by Jaclyn Jaeger – Page 48
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Article
Insys files for bankruptcy after $225M settlement
Opioid maker Insys Therapeutics has filed for bankruptcy after agreeing to a $225 million global resolution to settle investigations concerning deceptive marketing and distribution of the drug Subsys.
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ArticleOSI Systems: FCPA probes have been closed
DOJ and SEC investigations into market security company OSI Systems have officially been terminated. No further information was provided.
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World Bank debars China Railway Construction, two subsidiaries
The World Bank announced the nine-month debarment of China Railway Construction Corp. and two of its subsidiaries concerning misconduct under a highway project in Georgia.
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Article
SFO fines FH Bertling £850,000 in Angolan bribery scheme
The U.K. Serious Fraud Office on June 3 fined U.K.-based logistics and freight operations company FH Bertling £850,000 (U.S. $1.08 million) for a bribery scheme created to secure contracts in Angola.
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ArticleSurvey: Healthcare compliance officers' roles expanding
A new study from SAI Global and Strategic Management Services shows how the role of healthcare CCO has evolved beyond regulatory compliance.
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ArticleExxonMobil governance as toxic as carbon footprint
The fact that ExxonMobil continues to think only about its bottom line and is indifferent toward the devastating global consequences of its actions demonstrates a corporate culture with no moral compass.
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World Bank debars French, Brazilian subsidiaries of Veolia Water
The World Bank has debarred two subsidiaries of Veolia Water Technologies for fraudulent and collusive practices during a bidding process under the Río Bogotá Environmental Recuperation and Flood Control Project in Colombia.
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Article
Treasury issues Finding of Violation to State Street subsidiary
The U.S. Treasury Department has found that State Street Bank and Trust violated Iranian Transactions and Sanctions Regulations.
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Article
Braskem board approves $101M leniency agreement
Braskem has approved a 410 million reais (U.S. $101 million) leniency agreement with authorities for concealing its role in a bribery scheme involving Petrobras.
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ArticleHow to best leverage data to identify corruption
A panel of CCOs met at Compliance Week’s annual conference to discuss how data and analytics can be used to prevent corruption.
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ArticleSEC awards whistleblower $4.5M in landmark case
For the first time ever, the Securities and Exchange Commission has awarded a whistleblower whose internal reporting led to a successful SEC case and related action.
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ArticleHappy birthday, GDPR: A look back at Year 1
As the EU’s General Data Protection Regulation celebrates its first “birthday,” an expert panel met at Compliance Week 2019 to share their experiences in prepping, implementing, and following up.
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Article‘You have to say the corny stuff’: A compliance conversation with Preet Bharara
Former federal prosecutor Preet Bharara drew some laughs while imparting a few compliance lessons during his Tuesday morning keynote at CW’s annual conference.
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ArticleClaire McCusker Murray: Incentivizing corporate compliance at the DOJ
Justice Department Principal Deputy Associate Attorney General Claire McCusker Murray spoke at CW’s annual conference on how the agency’s Civil Division seeks to motivate compliance.
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ArticleCompanies House reforms to better protect U.K. companies from criminal activity
Companies House recently unveiled a substantial package of reforms that will do more to safeguard the personal data of business owners in an effort to offer U.K. companies greater protection from fraud.
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ArticleFinCEN to financial institutions: Beware of Venezuelan money laundering
FinCEN recently alerted financial institutions of continued widespread public corruption in Venezuela and the methods Venezuelan senior political figures and their associates may use to move and hide proceeds of their corruption.
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Article
Nissan to overhaul its governance structure
In a meeting this month, Nissan’s board of directors unanimously voted in favor of a transition from a company with statutory auditors to a company with three statutory committees.
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ArticleSenate confirms Jeffrey Rosen as deputy attorney general
The U.S. Senate has confirmed Jeffrey Rosen to be the next deputy attorney general, replacing Rod Rosenstein.
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ArticleEuropean Commission fines five banks €1B over foreign exchange cartel
In two separate settlements, the European Commission fined five banking giants for colluding in the trade of significant sums of foreign currency.
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ArticleThe compliance side of Argentina’s ‘notebook’ scandal
Given the heightened risks associated with Argentina’s “notebook” scandal, compliance officers might want to enhance their due diligence efforts in the country.