All articles by Jaclyn Jaeger – Page 87
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Article
The vital link between compliance and procurement
For many organizations, compliance and procurement only work at all if they work together. But how they work together is something that is unique to every organization. Jaclyn Jaeger explores.
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Article
Compliance measures save Harris from FCPA prosecution
Jaclyn Jaeger explains how when Harris Corp. learned of internal FCPA violations, its reaction would provide a case study for compliance officers everywhere.
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Blog
Tenet Healthcare to pay $513M in kickback settlement
Tenet Healthcare and several of its subsidiaries today agreed to pay more than a combined $513 million to resolve criminal charges and civil claims relating to a scheme to pay kickbacks in return for patient referrals. Jaclyn Jaeger has more.
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GSK to pay $20M to SEC to resolve bribery charges
U.K. pharmaceutical giant GlaxoSmithKline will pay a civil money penalty in the amount of $20 million to the Securities and Exchange Commission to resolve charges concerning bribery payments made to government officials in China. Jaclyn Jaeger reports.
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Misonix discloses FCPA investigation
Medical-device maker Misonix said it voluntarily contacted the Securities and Exchange Commission and the U.S. Department of Justice this week to inform them about potential violations of the Foreign Corrupt Practices Act. Jaclyn Jaeger reports.
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Blog
Och-Ziff to pay $412M for FCPA violations
Och-Ziff Capital Management Group and wholly-owned subsidiary OZ Africa Management will pay $412M for the bribery of government officials in Africa—the first time a hedge fund has been accountable for FCPA violations. Jaclyn Jaeger has more.
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Blog
Weatherford to pay $140M for accounting fraud
Switzerland-based oilfield services giant Weatherford International will pay $140M to settle charges that it inflated earnings by using deceptive income tax accounting. Jaclyn Jaeger reports.
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Anheuser-Busch InBev settles FCPA case with SEC for $6M
Anheuser-Busch InBev today reached a $6 million settlement with the Securities and Exchange Commission for violations of the Foreign Corrupt Practices Act (FCPA) and for chilling a whistleblower who reported the misconduct. Jaclyn Jaeger reports.
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Worried the SEC might come after you personally? You should be
Jaclyn Jaeger looks at yet another case brought by the SEC spotlighting the sort of conduct that can result in a personal liability claim against legal and compliance officers.
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Valuation practices under SEC scrutiny
U.S. regulators have made it clear that the process for producing numbers in a financial statement is as important—if not more so—than the numbers themselves. Jaclyn Jaeger has more.
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Blog
Harris declinations: A landmark FCPA case?
The SEC will not take action against Harris Corp. for FCPA violations, but has brought charges against a former Harris executive for bribing Chinese government officials to obtain business. Jaclyn Jaeger explores.
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Extractive payments rule creates FCPA pitfalls for petroleum and mining companies
Energy and mining companies will need to take extra care to comply with updated SEC requirements involving disclosures on payments made to foreign companies. Jaclyn Jaeger has more.
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Article
State of Compliance 2016: Aligning compliance with business strategy
A new study by PwC notes that compliance programs work best when they are deeply integrated with an organization’s overall business strategy, reports Jaclyn Jaeger.
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Blog
Telia faces $1.4 billion fine for corruption in Uzbekistan
U.S. and Dutch authorities have proposed a $1.4 billion settlement with Swedish telecom firm Telia to resolve corruption violations relating to its transactions in Uzbekistan, making it possibly one of the largest Foreign Corrupt Practices Act fines to date. Jaclyn Jaeger reports.
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Blog
FIFA appoints chief compliance officer
The Fédération Internationale de Football Association (FIFA), the international governing body of professional soccer, today announced that Edward Hanover, an experienced international compliance executive, has been appointed as the organisation’s chief compliance officer. He will begin work on 1 Oct. 2016. Jaclyn Jaeger has more.
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Blog
Cisco Systems FCPA probe ends in declinations
Networking giant Cisco Systems announced in its annual report that it will not face any enforcement actions in connection with a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act concerning its operations in Russia. Jaclyn Jaeger reports.
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Former CFO of American Realty Capital Partners charged with accounting fraud
The Department of Justice and the Federal Bureau of Investigation recently announced the unsealing of an indictment in federal court charging Brian Block, former chief financial officer of American Realty Capital Partners (ARCP), with fraudulently inflating a key metric used to evaluate ARCP’s financial performance. Jaclyn Jaeger reports.
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ArticleBrexit uncertainty forcing review of supply chains
Jaclyn Jaeger looks at the results of a recent survey from the Institute of Supply Chain Management to answer whether supply chain executives fear Brexit will have a negative financial effect on their companies.
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Article
Federal contractors brace for insider threat rule
A new Department of Defense rule requires contractors to detect, deter, and mitigate insider threats. But how they should achieve that leaves plenty of gray areas, which does not sit well with contractors. Jaclyn Jaeger reports.
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Blog
FIFA opens formal proceeding against Sepp Blatter
The ethics committee of the Fédération Internationale de Football Association, the international governing body of professional soccer, has opened formal proceedings against Sepp Blatter, the disgraced former head of FIFA, for engaging in bribery and corruption. Jaclyn Jaeger reports.