All articles by Jaclyn Jaeger – Page 74
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Blog
Fallout of corruption in South Africa worries U.K. government
The House of Lords, the U.K. Parliament’s upper chamber, debated this month what action the U.K. government is taking to prevent money laundering through British banks by families and businesspeople linked to the government of South Africa.
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Blog
New chapter begins in EU-Cuba relations
A new chapter in EU-Cuba relations will be marked on 1 November 2017, with the start of provisional application of the first ever agreement between the European Union and Cuba.
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Blog
KPMG makes leadership, governance changes following internal investigation
KPMG International has taken several significant actions—including leadership changes, governance changes, and enhanced quality control procedures in certain areas—following an internal investigation concerning KPMG South Africa’s work on behalf of the politically connected Gupta family.
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Blog
Core Laboratories: Unaoil probe ends in DoJ declination
Core Laboratories said in a securities filing today that the U.S. Department of Justice has closed its investigation into possible violations of the Foreign Corrupt Practices Act related to the oil services company's interactions with Unaoil.
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Blog
SEC: Compliance officer stole $9M from charity
The Securities and Exchange Commission has charged a chief compliance officer with defrauding a non-profit charitable foundation out of $9 million over the course of twelve years.
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Article
A look at corruption risk in Latin America
Two new corruption reports, assessed together, provide compliance officers and risk officers a comprehensive look at bribery risk in the Latin America and Caribbean region.
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ArticleCollaboration enhances risk management in financial services
The OCC recently endorsed collaboration between banks as a way to reduce costs on managing third-party risk, and compliance officers are more than ready for it.
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Blog
German automakers raided in antitrust probe
The European Commission this week confirmed that European antitrust authorities have carried out inspections at the premises of several car manufacturers in Germany.
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Blog
First annual report on EU-U.S. Privacy Shield is out
The European Commission this month published its first annual report on the functioning of the EU-U.S. Privacy Shield.
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Blog
President Juncker: Toward a more united Europe
The European Commission this week presented its plans for a stronger, more united Europe.
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Blog
F.H. Bertling employees sentenced in corruption case
Three former senior employees of the F.H Bertling Group were today sentenced at Southwark Crown Court, the U.K. Serious Fraud Office announced.
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Blog
GM to pay $120M in ignition switch case
General Motors today reached a $120 million settlement with the attorneys general of 49 states and the District of Columbia to resolve claims that the automaker concealed safety issues related to ignition-switch-related defects in several of its vehicles.
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Blog
Former Keppel Shipyard officer faces 395 counts of corruption
Singapore’s Corrupt Practices Investigation Bureau charged a former senior procurement officer of Keppel Shipyard, a wholly-owned subsidiary of Keppel Offshore & Marine, with 395 counts of corruption.
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Blog
SEC charges Rio Tinto with fraud
The Securities and Exchange Commission this week charged mining company Rio Tinto and two former top executives with fraud for inflating the value of coal assets acquired for $3.7 billion and sold a few years later for $50 million.
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Article
Compliance considerations for doing business in Sudan
The United States might have lifted sanctions against Sudan, but companies looking to do business there need to understand the many serious compliance hurdles that still exist.
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Blog
Car bomb kills ‘Panama Papers’ journalist
Daphne Caruana Galizia, a relentless advocate for exposing the truth about corruption on the island of Malta and who helped expose its ties to offshore tax havens linked to the Panama Papers, has been killed in a car bombing.
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Article
Assessing bribery risk country-by-country
The 2017 TRACE Bribery Risk Matrix is out, designed to help compliance departments assess the likelihood of bribery in each country around the world and better tailor their due diligence practices.
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Blog
Shell executives charged in bribery scheme
The Milan Public Prosecutor’s Office has charged several senior Royal Dutch Shell executives in Italy for their role in a widespread bribery scheme to acquire oil exploration rights in Nigeria.
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Blog
Guilty plea in PDVSA FCPA case
A partial owner of several energy companies pleaded guilty this week to foreign bribery charges for his role in a scheme to corruptly secure contracts from Venezuela’s state-owned and state-controlled energy company, Petroleos de Venezuela S.A. (PDVSA).
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Blog
NCAA to form special commission
Following a federal investigation into fraud in college basketball, the NCAA announced that it is making ‘substantive changes’ to the way it operates, forming a Commission on College Basketball.