All articles by Jaclyn Jaeger – Page 74
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Blog
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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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.
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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
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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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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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
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.