All articles by Jaclyn Jaeger – Page 67
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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.
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Blog
SEC charges Elbit Imaging with violations of FCPA
The SEC charged Israel-based Elbit Imaging with violating the books and records and the internal accounting controls provisions of the Foreign Corrupt Practices Act. Elbit agreed to a cease-and-desist order and to pay a $500,000 civil money penalty.
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Blog
Tesla cryptically announces chief accounting officer departure
In a strangely cryptic message, Tesla disclosed in a regulatory filing last week the departure of Eric Branderiz. What Tesla did not disclose is that Branderiz was the company's chief accounting officer.
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Blog
Sanofi: Department of Justice ends FCPA probe
French pharmaceutical company Sanofi said that the U.S. Department of Justice has closed its inquiry into allegations concerning potential violations of the U.S. Foreign Corrupt Practices Act.
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Article
Canada to introduce deferred prosecution agreements
Canada plans to introduce legislation that would pave the way for DPA provisions like those already present in the U.S., the U.K., France, and Australia.
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Article
More companies adopting forensic data analytics
According to a new report, forensic data analysis yields better compliance and risk management, but few are actively collaborating on making it a reality.
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Blog
Former Co-operative Bank chair banned from the financial services industry
The Financial Conduct Authority has banned former Co-operative Bank Chair Paul Flowers from the financial services industry after he was caught using his work phone and e-mail to conduct inappropriate phone calls and send sexually explicit messages.
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Blog
Financial Conduct Authority bans former Deutsche Bank trader
The U.K. Financial Conduct Authority has fined Guillaume Adolph, a former short-term interest rate derivatives trader at Deutsche Bank, £180,000 and banned him from performing any function in relation to any regulated financial activity.
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Blog
SFO to seek retrial of three former Tesco managers
The U.K. Serious Fraud Office is seeking a retrial of three former senior managers of retail company Tesco, who are facing fraud and false accounting charges.
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Blog
Dallas Mavericks seeking chief ethics and compliance officer
In an effort to clean up its toxic workplace culture, the Dallas Mavericks are looking to hire a chief ethics and compliance officer.
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Blog
Exterran FCPA investigation ends without enforcement action
Exterran said it will not face an enforcement action following a Foreign Corrupt Practices Act investigation, but an SEC investigation related to circumstances giving rise to a previous restatement is continuing.
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Blog
DoJ creates Prescription Interdiction & Litigation Task Force
The Department of Justice has established a Prescription Interdiction & Litigation Task Force to deploy and coordinate criminal and civil law enforcement tools to tackle the opioid epidemic, with a particular focus on opioid manufacturers and distributors.
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Blog
DoJ to file ‘Statement of Interest’ in cases against opioid makers, distributors
The Department of Justice this week announced it will be filing a Statement of Interest in a multi-district action regarding hundreds of lawsuits against opioid manufacturers and distributors.
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Article
New DoJ policies favor corporate defendants
The Justice Department has issued a trio of memoranda that provides a wealth of legal, compliance, and internal audit insight on whistleblower complaints or false claims cases.
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Article
Russia’s largest companies lag in transparency efforts
Turns out, the financial disclosure practices of Russia’s largest companies by revenue are pretty dismal. But what best practices can we learn from that? You might be surprised.
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Blog
Fresenius Medical Care reserves €200 million in FCPA case
Germany-based Fresenius Medical Care, a provider of dialysis products and services, has set aside €200 million concerning its ongoing settlement negotiations with the U.S. government regarding potential violations of the Foreign Corrupt Practices Act.
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Blog
FCA publishes new credit card rules
The Financial Conduct Authority has published its final policy statement on new rules for the credit card market, which will come into force on 1 March 2018. Firms have until 1 September to comply.