All articles by Jaclyn Jaeger – Page 66
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Blog
World Bank debars medical-device company, two others
The World Bank has debarred three companies and reached a settlement with one company concerning sanctionable practices under projects in Bangladesh, India, and Timor-Leste.
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Blog
LyondellBasell appoints chief accounting officer
LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, has named Jacinth Smiley its chief accounting officer, effective April 2. Smiley will report to Chief Financial Officer Thomas Aebischer.
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Article
Compliance officers give ethics training movies two thumbs up
Ethics and compliance officers are taking cues from Hollywood, creating training movies that capture the heart, engage the mind, and keep the attention of employees.
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Article
Extracting compliance lessons from U.K. bribery cases
Recent case law shows that when it comes to the U.K. Bribery Act, no company is considered out of reach, or not worth prosecuting, if there is a message to be sent.
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Blog
New guidelines issued to help EU companies prepare for GDPR
Two months before the EU's General Data Protection Regulation takes effect, the European Data Protection Supervisor has published two new sets of guidelines, providing advice to the EU institutions on how to adapt to this new chapter in EU data protection.
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Blog
SFO recovers £4.4m from corrupt diplomats in ‘Chad Oil’ share deal
The Serious Fraud Office announced that it is set to recover millions lost in a corruption case concerning bribes that Griffiths Energy paid to Chadian diplomats in the United States and Canada.
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Blog
UBS to pay $230M arising from conduct leading up to financial crisis
UBS has reached a $230M settlement with the Justice Dept. in connection with the packaging, marketing, sale, and issuance of residential mortgage-backed securities to investors leading up to the financial crisis.
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Article
The supply chain risks-rewards of 3D printing
What was once science fiction is fast becoming practical risk management, especially when it comes to 3D printing. Supply chain leaders should keep pace with technology.
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ArticleContinued fallout at Kobe Steel leads to governance overhaul
Japan’s embattled metal products manufacturer launches a slate of efforts to address its systemic issues of dishonesty and non-compliance.
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Blog
SFO: Ex-Deutsche Bank trader pleads guilty over EURIBOR manipulation
The Serious Fraud Office announced that an ex-Deutsche Bank trader pleaded guilty to conspiracy to defraud in connection with its ongoing investigation into the manipulation of the Euro Interbank Offered Rate (EURIBOR).
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Blog
EDPS Opinion calls for enforced data protections
A recently published European Data Protection Supervisor Opinion discussing online manipulation and personal data calls for enforced data protections.
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Blog
SEC doles out its largest ever whistleblower awards
The Securities and Exchange Commission today announced its highest ever Dodd-Frank whistleblower awards, with two whistleblowers sharing a nearly $50 million award and a third whistleblower receiving more than $33 million.
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Blog
World Bank Group debars Innogy Solutions
The World Bank on March 19 announced the debarment of Innogy Solutions and its president for more five years in connection with collusive and fraudulent practices during the selection process for contracts under the World Bank-financed Integrated Persistent Organic Pollutants Management Project in the Philippines.
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Blog
Mossack Fonseca closing its doors
Mossack Fonseca, the offshore law firm at the center of the Panama Papers investigation, announced that it will be closing its doors by the end of the month.
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Blog
Former Siemens executive pleads guilty in $100M foreign bribery case
The former technical manager of the Major Projects division of Siemens Business Services GmbH & Co. OGH, has pled guilty to conspiring to pay tens of millions of dollars in bribes to Argentine government officials.
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Blog
Transportation company to pay $2M in FCPA case
Transport Logistics International, a company that provides services for the transportation of nuclear materials to customers in the United States and abroad, agreed to pay a $2 million criminal penalty in connection with a scheme that involved the bribery of an official at a subsidiary of Russia’s State Atomic Energy ...
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Blog
European Parliament: Companies to pay taxes where they earn profits
New EU rules would put an end to companies’ ability to use loopholes to avoid paying taxes— for example by shifting profits to EU countries with lower taxes.
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Blog
Report: Brexit ‘Red Tape’ will cost exporters £58 billion a year
Brexit red tape will cost around £31 billion for EU exporters and £27 billion for U.K. exporters, according to a new report by Oliver Wyman and Clifford Chance. Impacted firms must take steps now, they warn.
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Blog
FCA publishes discussion paper on transforming culture in financial services
The U.K. Financial Conduct Authority has published a discussion paper on transforming culture in financial services, presenting views from academics and industry thought leaders. The paper is intended to provide a basis for stimulating further debate on transforming culture in the sector.
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Article
Distilling compliance lessons from Novartis
Ethics and compliance officers in the pharmaceutical industry can learn a lot from the troubles of Novartis, which faced a firestorm of criticism from shareholders at its last annual meeting.