All South America articles – Page 5
-
ArticleSurvey: Past crises prepared compliance for coronavirus pandemic
A benchmarking survey from Compliance Week found practitioners weren’t prepared for the specific coronavirus crisis, but that previous crises (think 9/11) left them ready to be leaders during this global pandemic.
-
ArticleDOJ indicts Venezuela President Maduro, others in regime
The DOJ unsealed indictments against Venezuelan President Nicolás Maduro and several high-ranking former and current members of his regime for alleged drug trafficking and money laundering crimes, as well as violations of the FCPA.
-
ArticleJohn Wood Group reserves $46M to resolve bribery investigations
John Wood Group said in a regulatory filing it has reserved $46 million in a potential settlement with authorities in the United States, Brazil, and Scotland related to a bribery investigation concerning ties to Monaco-based oil services firm Unaoil.
-
ArticleCompliance lessons from Julius Baer’s ‘serious AML failings’
Compliance officers can learn a lot from the anti-money laundering compliance shortcomings at Julius Baer Group, as well as from what the bank is now doing to enhance its risk management and AML compliance controls.
-
ArticleTreasury sanctions Rosneft subsidiary for Venezuelan ties
The Department of the Treasury’s Office of Foreign Assets Control has sanctioned a subsidiary of Russian state-run oil company Rosneft for operating in the oil sector of the Venezuelan economy.
-
ArticleSamsung Heavy Industries to pay $75M in foreign bribery case
Samsung Heavy Industries will pay total criminal penalties of $75.5 million to enforcement authorities in the United States and Brazil to resolve violations arising out of a bribery scheme in Brazil.
-
ArticleLabeling employee a ‘compliance risk’ not defamation, says court
A former Biomet Argentina employee—in a bit of FCPA hot water—landed on his company’s restricted persons list, sued for defamation, and lost.
-
ArticleOxfam slams U.K. supermarkets over worker abuses in supply chains
In an effort to cut costs and raise revenue, U.K. supermarkets are endangering employees with such abuses as a lack of toilets, unsafe drinking water, and illnesses resulting from exposure to pesticides, says a new report from Oxfam.
-
ArticleCompliance lessons from Quad/Graphics’ $10M FCPA settlement
Quad/Graphics will pay $10 million to resolve SEC charges that it violated the Foreign Corrupt Practices Act by engaging in widespread bribery schemes in Peru and China, but the compliance lessons are priceless.
-
Article
TechnipFMC to pay $5M in FCPA case
TechnipFMC, a global oil and gas services provider, has reached a $5 million settlement with the SEC for violations of the books-and-records and internal accounting controls provisions of the FCPA.
-
ArticleEcuador to expedite privacy law following massive breach
The Ecuadorian government has given itself 72 hours to finish drafting a national privacy law following a massive data breach that put the personal information of perhaps its entire population at risk.
-
Article
Odebrecht to make $50M in charitable contributions under settlement
Brazil-based construction and engineering company Odebrecht has committed to make $50 million in total charitable contributions as part of a settlement reached to resolve allegations of bribery.
-
Article
Avianca discloses internal FCPA investigation
Avianca Holdings disclosed in a securities filing that it is investigating possible violations of the U.S. Foreign Corrupt Practices Act concerning free and discounted airline tickets and upgrades given to government officials in certain countries.
-
ArticlePetrobras receives $112.3M from leniency agreements, other deals
Petrobras said it has received 425 million reais (U.S. $112.3 million) from leniency agreements and repatriations carried out by Brazil’s Federal Prosecutor’s Office.
-
ArticleFive compliance lessons from Walmart’s FCPA settlement
Walmart’s FCPA settlement serves as a cautionary tale for chief compliance officers everywhere of what not to do, but also on how to successfully redress underlying problems.
-
Article
Honeywell discloses Petrobras-related FCPA probe
Honeywell International announced in a regulatory filing that it is being investigated by U.S. and Brazilian authorities as to whether the company’s use of third parties in Brazil violated the Foreign Corrupt Practices Act.
-
Article
Compliance lessons from Technip’s $301.3M global foreign bribery settlement
TechnipFMC and its wholly owned U.S. subsidiary Technip USA will pay a combined $301.3 million settlement to resolve foreign bribery charges with authorities in the United States and Brazil.
-
ArticleNew index assesses Latin America’s anti-corruption efforts
Chief compliance officers and chief risk officers will want to check out a new index that assesses Latin American countries’ ability to uncover, punish, and deter corruption.
-
ArticleWalmart agrees to $282.7M FCPA resolution
Walmart has agreed to pay a combined total of $282.7 million to resolve a more than seven-year investigation resulting from violations of the Foreign Corrupt Practices Act.
-
Article
World Bank debars French, Brazilian subsidiaries of Veolia Water
The World Bank has debarred two subsidiaries of Veolia Water Technologies for fraudulent and collusive practices during a bidding process under the Río Bogotá Environmental Recuperation and Flood Control Project in Colombia.