All articles by Jaclyn Jaeger – Page 73
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Blog
Obsidian Energy to pay $8.5M for accounting fraud charges
Obsidian Energy said it has reached an $8.5 million settlement with the U.S. Securities and Exchange Commission to resolve accounting fraud charges filed earlier this year.
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Blog
SFO charges two in Unaoil investigation
The U.K. Serious Fraud Office this week charged two individuals in relation to the ongoing Unaoil investigation.
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Blog
Walmart sets aside $283M for FCPA resolution
Walmart-Stores has recorded an aggregate accrual of $283 million concerning the possible resolution with U.S. enforcement authorities of a longstanding Foreign Corrupt Practices Act case.
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Kokesh impacting SEC enforcement program
The U.S. Supreme Court's ruling in the case Kokesh v. SEC was a significant decision that has already had an impact on many parts of the Securities and Exchange Commission's enforcement program, according to a senior SEC enforcement official.
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Wells Fargo Securities names co-heads of Investment Banking Coverage
Wells Fargo Securities, the investment banking and capital markets business of Wells Fargo & Company, has named John Hudson and Kristin Lesher as the new co-heads of Investment Banking Coverage, effective immediately.
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CBI: Adoption of existing technologies will solve productivity problems in U.K.
CBI, the U.K.’s leading business group, finds that the slow adoption of existing technologies and management practices is fueling the U.K.’s deep-seated productivity problems, creating disparities in productivity and pay among businesses.
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Article
Employee amnesty programs: Strategic move or act of desperation?
Employee amnesty programs are a successful investigative tactic to get to the bottom of ethics and compliance lapses. So why don’t more compliance programs offer them?
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ArticleCompliance practices for Iran and Russia sanctions
Looming deadlines and decision points concerning Iran and Russia may portend changes in the implementation of existing sanctions. The challenge for sanctions compliance professionals is how to manage these risks while still engaging in legitimate trade.
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Blog
Survey: Office culture still a major barrier to whistleblowing
Whistleblowing is becoming a more standardized practice in workplaces around the world, but workplace culture is still deterring large numbers of employees from engaging in the practice, new research by law firm Freshfields Bruckhaus Deringer has revealed.
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World Bank: FreeBalance faces six-month debarment
The World Bank Group announced the debarment for six months of FreeBalance, a Canadian provider of financial-management-related software, connected to sanctionable misconduct under the Integrated Financial Management Information System Project for Liberia.
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Two ex-SBM executives plead guilty in Petrobras bribery scheme
Two former executives at Dutch oil and gas services company SBM Offshore have pleaded guilty to conspiracy to violate the Foreign Corrupt Practices Act for their roles in a scheme to bribe foreign government officials in Brazil, Angola, and Equatorial Guinea.
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Rolls-Royce charges underscore trends in FCPA cases
The Department of Justice yesterday unsealed charges against five individuals for violations of the Foreign Corrupt Practices Act, underscoring two important trends in FCPA enforcement: a growing focus on individual liability, and the undeniable global nature of FCPA investigations today. The U.K. Serious Fraud Office today also issued an update ...
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Article
South Africa Gupta saga: A long list of compliance failures
Corruption allegations in South Africa have entangled some major international companies, highlighting due diligence, risk management, compliance, and audit control failures.
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Article
Enforcement against opioid drug makers and distributors escalates
Several actions taken by the Department of Justice in recent weeks make it clear that prosecutors have their sights set squarely on pharmaceutical manufacturers and distributors for their role in the opioid epidemic.
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Blog
European Commission hopes Paradise leaks ‘create political momentum’
The European Commission yesterday reiterated its commitment to fight against tax evasion, following the Paradise Papers leak.
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Blog
Paradise Papers: The sequel to the Panama Papers
Dubbed the Paradise Papers, more than 381 journalists in 67 countries embarked on an effort of massive proportions to parse through 13.4 million leaked documents—many that mention some of the world's largest companies—revealing that the shady world of shell companies, offshore tax shelters, and secret trusts is far more prevalent ...
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Blog
SEC charges Osiris Therapeutics with accounting fraud
The Securities and Exchange Commission this week charged biotech company Osiris Therapeutics and four former top executives with prioritizing revenue growth over lawful accounting and misleading investors in the process.
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Article
Elements of a best-in-class TPRM program
Prudent ethics and compliance officers will want to check out a new third-party risk management benchmark report from NAVEX Global to gauge how their programs compare against their peers.
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Article
Case study: How Aramark reduced its SOX compliance costs
Food-service giant Aramark shares in candid detail its growing pains toward SOX compliance maturity, lessons learned, and how it reduced its costs along the way.
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Blog
State Department finds human rights abuses at Chol Hyun Construction
Compliance and risk practitioners, beware: A new report from the U.S. Department of State detailing aspects of the human rights situation in North Korea has listed Chol Hyun Construction as a company that practices state-sponsored slavery.