Latin America

 

Oilfield

Premium

DOJ commodities trader FCPA sweep offers lessons in cooperation

2024-04-02T13:33:00+01:00By

The value the Department of Justice places on cooperation can be measured by studying penalties and agreements resulting from the agency’s long-running investigation into bribery and corruption by oil traders operating in Latin America and Africa.

News Brief

FTC, Latin American countries partner on fighting cross-border fraud

2023-10-02T19:40:00+01:00By

The Federal Trade Commission is partnering with Chile, Colombia, Mexico, and Peru to fight cross-border fraud, with other consumer protection authorities invited to join in the future.

Bianca Forde EIC 2023

Article

Data-driven disruptor Bianca Forde hailed as Compliance Innovator

2023-05-15T16:00:00+01:00By

In just one year, Bianca Forde improved the ethics and compliance program at Otis Elevator Company through collaboration, innovation, and data-driven solutions. Her work earned her the nod as Compliance Innovator of the Year at the 2023 Excellence in Compliance Awards.

Poloniex

News Brief

Crypto exchange Poloniex to pay $7.6M in OFAC sanctions case

2023-05-02T16:15:00+01:00By

Cryptocurrency exchange Poloniex agreed to pay nearly $7.6 million as part of a settlement with the Office of Foreign Assets Control for engaging with more than 200 customers across a handful of sanctioned regions.

Bank AML

News Brief

Kingdom Trust fined $1.5M over ‘substantially inadequate’ AML controls

2023-04-26T18:53:00+01:00By

South Dakota-based Kingdom Trust Co. agreed to pay a $1.5 million fine to the Financial Crimes Enforcement Network for anti-money laundering deficiencies that resulted in violations of the Bank Secrecy Act.

Stericycle

Article

Stericycle reaches $80.7M agreement in FCPA settlements

2022-02-25T20:58:00+00:00By

Stericycle, a medical waste disposal company, disclosed it expects to pay $80.7 million in principle agreements with the SEC and Department of Justice for violations of the Foreign Corrupt Practices Act concerning its operations in Latin America.

Global money dealings

Article

Pandora Papers: Takeaways for compliance

2021-10-04T20:16:00+01:00By

The “Pandora Papers” could open Pandora’s box for all businesses and organizations found to be entangled in its worldwide web of shell companies, offshore tax havens, and secret trusts.