Investigations


EpiPen

Mylan nears $30M settlement with SEC in EpiPen investigation

2019-07-31T16:35:00+01:00By

Mylan disclosed in a regulatory filing that it has reached a $30 million agreement-in-principle to resolve the SEC’s investigation alleging securities violations for disclosures surrounding EpiPens.

Barr

DOJ launches antitrust probe into Big Tech

2019-07-24T15:10:00+01:00By

The U.S. Department of Justice has opened an antitrust probe into Big Tech firms that are ”engaging in practices that have reduced competition, stifled innovation, or otherwise harmed consumers.”

Walmart

Five compliance lessons from Walmart’s FCPA settlement

2019-07-22T13:29:00+01:00By

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.

Amazon

EU investigating Amazon over antitrust concerns

2019-07-17T16:34:00+01:00By

The European Commission is investigating Amazon over concerns that the company’s use of data gathered from independent retailers that sell on its marketplace breaches EU competition rules.

Whistleblower

CFTC issues joint $2M whistleblower award

2019-07-02T14:12:00+01:00By

The Commodity Futures Trading Commission announced on July 1 an award of $2 million to two “model whistleblowers” who provided the agency with “significant information” that prompted the CFTC to open an investigation.

Surgical devices

SEC closes FCPA probe into Misonix

2019-06-24T17:59:00+01:00By

The SEC has closed its FCPA investigation into medical device company Misonix and will not be recommending an enforcement action, the company announced.

Walmart

Walmart agrees to $282.7M FCPA resolution

2019-06-20T19:29:00+01:00By

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.

KPMG

More cheating charges at KPMG: SEC fines firm $50M

2019-06-17T17:53:00+01:00By

The SEC has fined KPMG for not only allegations of cheating on regulatory inspections, but also new charges of numerous auditors cheating on training exams.

RBS

FCA publishes final report on RBS

2019-06-13T14:46:00+01:00By

The Financial Conduct Authority has concluded its investigation into the Royal Bank of Scotland and published a final report of its findings.

Opioids

Insys files for bankruptcy after $225M settlement

2019-06-10T18:42:00+01:00By

Opioid maker Insys Therapeutics has filed for bankruptcy after agreeing to a $225 million global resolution to settle investigations concerning deceptive marketing and distribution of the drug Subsys.

CaseClosedStamp

OSI Systems: FCPA probes have been closed

2019-06-10T14:57:00+01:00By

DOJ and SEC investigations into market security company OSI Systems have officially been terminated. No further information was provided.

Meet24

FTC cracks down on Ukrainian dating apps

2019-05-07T19:22:00+01:00By

The FTC has removed dating apps from Apple’s App Store and Google’s Google Play Store following allegations they allowed children as young as 12 to access them.

King-stephen

Stephen C. King: The intrepid investigator

2019-05-07T12:54:00+01:00By

In an effective, disarming style, this Top Mind is using investigations to guide compliance, not just club noncompliance.

Glencorecrop

Glencore announces CFTC probe

2019-04-26T19:59:00+01:00By

The U.S. Commodity Futures Trading Commission is investigating whether multinational commodity trading and mining company Glencore and its subsidiaries might have violated certain provisions of the Commodity Exchange Act and/or CFTC regulations.

FinanceProbe

CFPB to provide more information to firms under investigation

2019-04-24T20:00:00+01:00By

The Consumer Financial Protection Bureau says it will provide financial services firms under investigation more detail on what violations prompted the agency’s scrutiny.

Hardie

Rod Hardie on FCPA lessons, navigating foreign risk

2019-04-22T15:09:00+01:00By

Rod Hardie, chief compliance officer at Exterran, discusses with columnist Tom Fox what he learned and experienced as an investigator with Baker Hughes during its FCPA investigation in the early 2000s.

Winterkorn

Former VW boss charged over emissions scandal in Germany

2019-04-16T20:55:00+01:00By

German prosecutors have filed aggravated fraud charges against Martin Winterkorn, the former chief executive of Volkswagen, and four other unnamed managers for their involvement in the emissions-cheating scandal.

RUSIcrop

SFO Director Lisa Osofsky on fighting corruption

2019-04-08T20:29:00+01:00By

In remarks made on 3 April at the Royal United Services Institute in London, Serious Fraud Office Director Lisa Osofsky discussed the agency’s recent efforts and what she has learned on the job so far.

Contracts

EDPS investigating contractual arrangements concerning software used by EU firms

2019-04-08T20:26:00+01:00By

The European Data Protection Supervisor, which is responsible for enforcing and monitoring EU companies’ compliance with data protection rules, said it is has launched an investigation into the compliance of contractual arrangements between EU institutions and Microsoft.

Nissan

Special committee report details governance reforms needed at Nissan

2019-04-03T21:22:00+01:00By

Last year, Japanese automaker Nissan formed a “Special Committee for Improving Governance” after its chairman Carlos Ghosn was arrested for engaging in financial misconduct. On March 27, the special committee published its findings, holding nothing back.

CorruptGlobeFeature

Fresenius Medical Care to pay $231M to resolve FCPA case

2019-04-01T18:22:00+01:00By

German healthcare company Fresenius Medical Care reached a $231 million settlement with U.S. authorities for violations of the Foreign Corrupt Practices Act for participating in various corrupt schemes across multiple countries that went undetected for more than a decade.

Facebookcrop

HUD charges Facebook with facilitating housing discrimination

2019-03-29T17:13:00+00:00By

The Department of Housing and Urban Development is charging Facebook with violating the Fair Housing Act by “encouraging, enabling, and causing housing discrimination through the company’s advertising platform.”

Swedbankcrop

What Swedbank is saying about its multiple investigations

2019-03-29T17:07:00+00:00By

It has been a tumultuous few weeks for Swedbank as it fends off several investigations, including for money laundering and insider trading, resulting in the dismissal of its chief executive officer.

FTC Building

FTC clarifies expectations for post-settlement compliance reports

2019-03-21T16:39:00+00:00By

The Federal Trade Commission, increasingly faced with incomplete information and blown deadlines, is laying down the law when it comes to post-settlement compliance reports.