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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-03-07T20:02:00
An Ireland-based gaming and sports betting company will pay a $4 million fine to resolve charges payments made to Russian consultants by a company it acquired violated the Foreign Corrupt Practices Act (FCPA).
Flutter Entertainment agreed to cease and desist from future violations as part of the settlement it reached with the Securities and Exchange Commission (SEC). The company neither admitted nor denied the agency’s findings.
Flutter acquired The Stars Group (TSG), a Canadian-based gaming and sports betting company, in May 2020. TSG purchased PokerStars and several other online gaming brands from Oldford Group in 2014. As part of TSG’s acquisition of Oldford, it inherited Oldford’s Russian operations as well as certain Russian-based consultants, the SEC said in its order filed Monday. PokerStars operates in a “gray market” in Russia, the SEC said, where poker is neither legal nor expressly prohibited.
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2023-05-30T17:30:00Z By Aaron Nicodemus
Gartner agreed to pay nearly $2.5 million as part of a settlement with the Securities and Exchange Commission addressing alleged violations of the Foreign Corrupt Practices Act in South Africa.
2023-05-03T21:13:00Z By Adrianne Appel
Stryker disclosed it is investigating whether certain of its business activities might have violated the Foreign Corrupt Practices Act. The company previously settled Securities and Exchange Commission charges of violating the FCPA twice in the last decade.
2023-04-26T19:46:00Z By Aaron Nicodemus
Dutch oilfield services provider Frank’s International agreed to pay nearly $8 million as part of a settlement with the Securities and Exchange Commission for allegedly paying bribes to influence oil drilling contracts in Angola.
2024-07-26T19:18:00Z By Jeff Dale
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.
2024-07-26T15:51:00Z By Aaron Nicodemus
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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