Investigations


Kroner

Ericsson reserves $1.2B in FCPA case; speaks candidly on compliance program

2019-09-27T14:07:00+01:00By

Ericsson announced it has set aside $1.2 billion to resolve a long-running FCPA investigation that spans several geographies. CEO Börje Ekholm spoke candidly about the shortcomings of the company’s ethics and compliance program and how it’s addressing them.

Analytics

If feds find fraud using analytics, corporations better have found it first

2019-09-16T17:56:00+01:00By

Deputy Assistant Attorney General Matthew Miner put corporate compliance officers on notice with remarks about the feds’ increasing use of data analytics.

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SEC closes FCPA probe into Ciena

2019-09-16T15:37:00+01:00By

Ciena says the SEC advised the company it does not intend to recommend an enforcement action in connection with a previously disclosed investigation into potential violations of the FCPA.

Google

Google facing antitrust investigation by 50 attorneys general

2019-09-09T20:15:00+01:00By

Texas Attorney General Ken Paxton confirmed Monday that his office is leading an investigation by 50 attorneys general into technology giant Google for potential monopolistic business practices.

Facebook

Facebook faces multistate investigation for possible antitrust violations

2019-09-06T15:34:00+01:00By

The New York Attorney General’s office is leading a multistate investigation into social media giant Facebook for potential antitrust issues.

Money laundering

New FinCEN unit to focus on money laundering threats

2019-08-29T15:05:00+01:00By

FinCEN announced the launch of its newly created Global Investigations Division, with responsibility for targeting terrorist financing and money laundering threats, both domestically and internationally.

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.