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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-02-28T14:52:00
Stanley Black & Decker voluntarily disclosed to federal regulators its international division might have violated the Foreign Corrupt Practices Act (FCPA).
In its annual report published Thursday, the Connecticut-based tool manufacturer said it “identified certain transactions relating to its international operations that may raise compliance questions under the [FCPA].”
The company said it voluntarily disclosed the information to the Department of Justice (DOJ) and the Securities and Exchange Commission. Stanley Black & Decker said it is “cooperating with both agencies in their investigations” and it has hired professional advisers to review and further enhance “relevant policies, procedures, and controls.”
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News and analysis for the well-informed compliance or audit exec.
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Our lowest price ($1 per day) for one year.
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2023-06-21T14:06:00Z By Kyle Brasseur
Tool manufacturer Stanley Black & Decker avoided a civil penalty in settling with the Securities and Exchange Commission regarding alleged violations of executive perk disclosure rules.
2023-03-07T19:21:00Z By Aaron Nicodemus
U.K.-based mining and minerals company Rio Tinto will pay a $15 million fine to settle charges of violating the Foreign Corrupt Practices Act when it entered into a scheme with a consultant in 2011 to bribe government officials in Guinea.
2023-01-18T17:17:00Z By Aaron Nicodemus
The Department of Justice unveiled new incentives to encourage companies to voluntarily report violations of the Foreign Corrupt Practices Act, including steep discounts in monetary fines against businesses that self-disclose misconduct.
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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.
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.
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