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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2022-08-05T15:34:00
Chemical company Albemarle Corp. has entered settlement talks with the Securities and Exchange Commission (SEC) and Department of Justice (DOJ) regarding potential violations of the Foreign Corrupt Practices Act (FCPA).
In a quarterly securities filing Wednesday, the North Carolina-based company disclosed it “voluntarily self-reported potential issues relating to the use of third-party sales representatives in our Refining Solutions business, within our Catalysts segment, to the U.S. Department of Justice, the SEC, and the Dutch Public Prosecutor.” Albemarle added it was cooperating with each of the agencies in their respective probes.
The company stated it launched an internal investigation into the potential FCPA violations in 2018, led by outside counsel and using forensic accountants. The company’s probe also examined whether there had been violations of its code of conduct, as well as other applicable laws.
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2023-08-04T13:42:00Z By Kyle Brasseur
Chemical company Albemarle Corp. disclosed it is set to pay $218.5 million as part of proposed settlements reached with the Department of Justice and Securities and Exchange Commission regarding apparent violations of the Foreign Corrupt Practices Act.
2022-10-13T13:46:00Z By Jaclyn Jaeger
The most notable and relevant details in settlement agreements concerning regulatory compliance violations are often what is not stated. The SEC’s cease-and-desist order against Oracle over violations of the Foreign Corrupt Practices Act is no exception.
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RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
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The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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