All articles by Jaclyn Jaeger – Page 85
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Blog
Odebrecht, Braskem to pay record $3.5B in global bribery case
Global construction company Odebrecht, based in Brazil, and Brazilian petrochemical company Braskem pleaded guilty yesterday and agreed to pay a combined total penalty of at least $3.5 billion—the largest foreign bribery case in history, according to the U.S. Department of Justice. Jaclyn Jaeger has more.
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SEC charges two companies in whistleblower cases
For the first time ever, the SEC yesterday charged a company for retaliating against an internal whistleblower. It also marks the second enforcement action this week against a company that impeded an employee from communicating with the SEC. Jaclyn Jaeger reports.
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Forest Labs to pay $38M for False Claims Act violations
Forest Laboratories and its subsidiary, Forest Pharmaceuticals, have agreed to pay $38 million to resolve allegations that they violated the False Claims Act by paying kickbacks to induce physicians to prescribe its drugs. Jaclyn Jaeger has more.
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Petrobras probe showcases global enforcement efforts
Brazil’s massive anti-corruption efforts are having a global impact, but self-serving politicians threaten to grind the entire thing to a halt. Jaclyn Jaeger reports.
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When the Department of Justice goes too far
In a rare face-off, the Department of Justice and corporate defense attorneys debate the limits of federal criminal law and prosecution. Jaclyn Jaeger reports.
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Laureate Education launches FCPA probe into charitable donation
Laureate Education, a for-profit higher education institution, said that it is conducting an internal investigation into possible violations of the U.S. Foreign Corrupt Practices Act concerning an $18 million donation that one of its network institutions made in Turkey to a charitable foundation. Jaclyn Jaeger has more.
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SFO closes corruption probe into Soma Oil & Gas
The U.K. Serious Fraud Office said yesterday it has closed its investigation into London-based Soma Oil & Gas Holdings, Soma Oil & Gas Exploration Limited, Soma Management Limited, and others, related to allegations of corruption in Somalia. Jaclyn Jaeger reports.
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Braskem to pay $957M settlement in Petrobras corruption probe
Brazil-based petrochemical giant Braskem disclosed yesterday that it will pay a total amount of approximately US$957 million in penalties and damages to resolve a global settlement related to the massive corruption probe surrounding state-owned oil company Petrobras. Jaclyn Jaeger has more.
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Argentine sports media company to pay $112M in FIFA probe
Torneos y Competencias, an Argentine sports marketing company, agreed to pay over $112.8 million in forfeiture and criminal penalties to resolve U.S. charges relating to wire fraud conspiracy in connection with the FIFA corruption scandal. Jaclyn Jaeger reports.
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ArticleBuilding a resilient global supply chain
Global supply chain risk has climbed to record levels. Jaclyn Jaeger reports on how one global company is working to bullet-proof its supply chain risk management program.
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Q&A: The compliance and legal ties that bind
Jaclyn Jaeger talks with Carey Roberts, deputy general counsel and chief compliance officer of Marsh & McLennan Cos., about her unique dual legal and compliance role.
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Fostering an ethical culture with training
Culture is the holy grail of ethics and compliance programs, but it’s also the one area that ethics and compliance officers struggle with the most. Jaclyn Jaeger explores today’s innovative solutions inside.
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Former Southwest CEO: Harnessing an ethical culture
During a keynote address at a recent NAVEX conference, Howard Putnam, former CEO of Southwest Airlines and Braniff International Airways, spoke candidly about harnessing the business value of an ethical culture. Jaclyn Jaeger has more.
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Department of Justice launches new website on individual accountability
Deputy Attorney General Sally Yates in remarks this week announced that the Department of Justice has launched a new website in an effort to be more transparent about the much-talked-about Yates Memo and changes made last year to the Filip factors. Jaclyn Jaeger has more.
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21 individuals indicted in massive bribery and kickback scheme
A federal grand jury in Texas last month indicted 21 individuals involved in a massive bribery and kickback scheme for referring certain patients to physician-owned Forest Park Medical Center in Dallas. Jaclyn Jaeger reports.
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SEC enforcement trends to watch in 2017
Jaclyn Jaeger recaps a record-breaking year for SEC enforcement activity, and what to expect in the year ahead.
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Closing the gap between risk management and sustainability
For companies complying with internal board initiatives to create a more sustainable business, integrating risk management is key, writes Jaclyn Jaeger.
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Don’t worry—the need for compliance officers trumps deregulation
Just because Donald Trump suggested getting rid of a host of federal regulations doesn’t mean that there won’t be a need for compliance. More from Jaclyn Jaeger.
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The smart money is on corporate social responsibility
Corporate social responsibility isn’t just a feel-good exercise. It pays off huge dividends in the problems it prevents, writes Jaclyn Jaeger.
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Rio Tinto suspends executive amid corruption probe
Mining giant Rio Tinto has suspended Alan Davies, chief executive of its energy and minerals division, after uncovering potentially corrupt payments made to a consultant who was providing advisory services on an iron ore project in Guinea. Jaclyn Jaeger reports.