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Foreign Corrupt Practices Act


US DOJ should re-examine Bain – HSF – DOCUMENTS | Policyweb DOCUMENTS US DOJ should re-examine Bain – HSF Nicole Fritz | September 19, 2022 Director Nicole Fritz writes to Glenn Leon FCPA, Head of Unit, Fraud Section, about corporate actions in South Africa HSF WRITES TO UNITED STATES DEPARTMENT OF JUSTICE ASKING IT TO …

Big 4 Deloitte plays both sides of the field in Mercedes-Benz case [Australian Financial Review] Mercedes-Benz dealerships discovered longtime auditor Deloitte was taking huge fees from them while secretly working with the German parent company to write reports that would ‘hide’ the damage a change in business model would cause to margins dealer beneficiaries, a …

News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here. LOUISVILLE, Ky., Sept. 15, 2022 (GLOBE NEWSWIRE) — Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) today announced that it has signed a definitive agreement to acquire Ellis Park Racing & Gaming (“Ellis Park” ) …

I recently had the opportunity to meet several people from Assent Inc. for a sponsored podcast series titled Supply Chain and ESG – What you need to know. We discussed: ESG pilots with Jared Connors and James Calder; UFLPA, Supply Chain and ESG with Travis Miller and Jamie Wallisch; the new world of product compliance …

DOJ’s Historical Approach to Compliance Expertise Internal DOJ guidelines require federal prosecutors to consider certain factors when deciding whether or not to charge companies. Two of these factors compel prosecutors to assess companies’ compliance programs: “the existence and effectiveness of the company’s pre-existing compliance program” and “the company’s corrective actions, including any efforts to implement …

The Second Circuit has made the once straightforward government task of attributing vicarious liability to a corporate officer under the Foreign Corrupt Practices Act considerably more difficult. Our team of white-collar, government, and insider investigations takes a closer look at this powerful new FCPA defense and how American businesses should use it. The Hoskin rulings …

Churchill Downs Inc. Acquisition of New Hampshire’s leading charitable gaming operation paves way for CDI to expand historic horse racing operations into fourth state LOUISVILLE, Ky., Sept. 06, 2022 (GLOBE NEWSWIRE) — Churchill Downs Incorporated (“CDI” or “the Company”) (Nasdaq: CHDN) today announced that the Company has completed its previously announced purchase of Chasers Poker …

Author Bart M. McMillan Bart McMillan leads the Chicago office’s International Trade Compliance sub-practice within the North American International Trade Practice. He advises U.S. and non-U.S. businesses on international trade compliance issues arising from U.S. export controls, trade sanctions, and anti-boycott rules, as well as U.S. customs laws with respect to classification, valuation, country of …

Two Marshall Islands nationals, Cary Yan, 50, and Gina Zhou, 34, arrived in the United States today after being extradited from Thailand. Yan and Zhou are charged with violations of the Foreign Corrupt Practices Act (FCPA), money laundering, and conspiracy to commit these offenses as part of a scheme to bribe elected officials. of the …

CHARLOTTE, North Carolina, August 30, 2022 /PRNewswire/ — Albemarle Society (NYSE:ALB), a leader in the global specialty chemicals industry, today announced that it will realign its Bromine and Lithium Global Business Units (GBUs) into a new corporate structure designed to better meet the customer needs and fostering the talent needed to deliver in a competitive …

ED Searches Five Coinswitch Kuber Premises for Alleged Money Laundering: 2022 Report. In a case involving the cryptocurrency exchange’s alleged violation of US Foreign Corrupt Practices Regulations (FEMA), the Application Direction (ED) reviewed 5 Coinswitch Kuber locations. Five locations connected to CoinSwitch Kuber were inspected, according to Coindesk, which cited an ED official. These locations …

Lenny Dawson died yesterday. He was the Kansas City Chiefs’ winning quarterback in Super Bowl III, after being the same team’s losing quarterback in Super Bowl I. A graduate of that little-known football powerhouse Purdue, he was six once All-star and known, according to his NYT obituary, as a “punctual passer”. He was elected to …

Craig Coben is a former investment banker at Bank of America, where he most recently served as co-head of global capital markets for the Asia-Pacific region. Howard Fischer, a partner at the law firm Moses & Singer, is a former senior attorney at the United States Securities & Exchange Commission. Governments and corporations around the …

On July 13, 2022, the United States Court of Appeals for the First Circuit ruled that the whistleblower protections contained in Section 806 of the Sarbanes-Oxley Act (SOX) do not apply to employees who report potential violations of the Foreign Corrupt Practices Act (FCPA). The judgment in Baker vs. Smith & Wesson, Inc., 40 F.4th …

AliveCor today announced a Series F financing led by GE Healthcare. The FDA-approved personal electrocardiogram technology company did not disclose the size of the funding round. NGK-NTK, through a CVC partnership with Pegasus Tech Ventures, also joined the round. The round also included existing investors Khosla Ventures, Bold Capital Partners, Qualcomm Ventures and WP Global …

NEWYou can now listen to Fox News articles! Fox News host Steve Hilton tore up the FBI and DOJ double standard, amid the FBI’s raid on former President Trump’s residence on ‘The Next Revolution’. STEVE HILTON: How dare these people talk about applying the law uniformly without fear or favor? Merrick Garland, once put forward …

Acutus Medical (Nasdaq:AFIB) released second-quarter results this week that topped the revenue consensus on Wall Street but missed earnings estimates. The Carlsbad, Calif.-based company reported earnings of $5.7 million, or 16¢ per share, on sales of $4.1 million for the three months ended June 30, for a net gain of 119.9% ​​on a loss of …

Congress is poised to pass urgently needed whistleblower protections targeting Russian money laundering and sanctions evasion. Bipartisan members of Congress agree that loopholes in whistleblower laws covering money laundering and penalties must be addressed if criminals, such as the Russian oligarchs who keep President Vladimir Putin in power, can be held responsible. The scale of …

Questionable, politicized, “Through the Looking Glass” standards limit its use for investors. But it need not be so. Comment This is the second part of a three-part commentary on ESG investing. The first installment, “The United States should clarify the ‘E’ in ‘ESG’ and use carbon standards to our advantage,” was published on May 25. …

The United States government has four primary whistleblower laws and reward programs: The Federal Misrepresentation Act (“FCA”) Securities and Exchange Commission (“SEC”) Whistleblower Program The Internal Revenue Service (“IRS”) Whistleblower Program The Commodity Futures Trading Commission (“CFTC”) Whistleblower Program All of these whistleblower programs are pretty democratic. These programs allow non-US citizens to file a …

While eliminating corruption is a daunting challenge, particularly in the pharmaceutical industry, there must be a willingness to implement the ‘checks and balances’ already in place. Corruption in the pharmaceutical industry is not new and recent reports of unethical, illegal and fraudulent activities in India have, indeed, tarnished the image of the industry in the …

This article is an excerpt from GTDT Government Investigations 2023. Click here for the full guide. Business organizations are facing headwinds when it comes to law enforcement: more investigations by law enforcement around the world and more complex and sometimes labyrinthine regulation. Therefore, organizations must navigate regulatory and investigative issues both within and across jurisdictions. …

KUALA LUMPUR (July 22): 1Malaysia Development Bhd has applied to the High Court for contempt proceedings against fugitive businessman Low Taek Jho (Jho Low) and his father Tan Sri Larry Low Hock Peng for non- compliance with a Mareva injunction. 1MDB – along with its subsidiary 1MDB Global Global Investments Ltd or 1MDBGIL (now known …

July 20, 2022 LLP Tactical Law Group To print this article, all you need to do is be registered or log in to Mondaq.com. This blog post is the continuation of our series on fraud and breach of contract claims that have been brought against Oracle or NetSuite for failed Enterprise Resource Planning …

KUALA LUMPUR (July 17): A federal lawmaker says fugitive Penang businessman Low Taek Jho, also known as Jho Low, should return to defend himself and not seek a settlement for the alleged crimes he allegedly committed in Malaysia and the United States in connection with 1Malaysia Development Bhd (1MDB). Pasir Gudang MP (MP) Hassan Abdul …

July 12, 2022 Pryor Cashman LLP To print this article, all you need to do is be registered or log in to Mondaq.com. Pryor Cashman is pleased to announce that Robert M. Friedman and Richard C. Leska have joined the firm as partners in the Enterprises group. Robert was previously a partner at …

By Ilan Graff (July 8, 2022, 5:17 p.m. EDT) – In October 2021, Senior Associate Deputy Attorney General John P. Carlin announced that the U.S. Department of Justice is providing increased resources for white-collar enforcement ,[1] a theme that US Attorney General Merrick Garland and Assistant Attorney General Lisa Monaco have since revisited and expanded …

The DOJ’s new compliance certification requirement aims to “empower” CCOs. A new US Department of Justice (“DOJ”) policy on Foreign Corrupt Practices Act (“FCPA”)/Anti-Corruption Compliance has recently sent shockwaves through the business compliance. The change was first introduced by DOJ Criminal Division Assistant Attorney General (“AAG”) Kenneth Polite in a speech delivered on March 22, …

In the following, we outline five key aspects of Germany’s Anti-Kickback and Anti-Corruption Law (ABAC Law) that multinationals may not be aware of, but should keep in mind when it comes to bribery and corruption related to a business client in Germany. In the event of bribery and corruption incidents, not only does the notorious …

Dr. Joseph Baptiste, president and founder of the National Organization for the Advancement of Haitians, won a new trial after being convicted in June 2019 in federal court in Boston in a corruption scheme involving Haitian government officials. On Monday, August 9, 2021, a federal appeal upheld the decision to grant a new trial after …

Published an hour ago Proposed by Qualcomm Inc. As featured in Qualcomm’s 2021 Corporate Responsibility Report We believe that ethical conduct is a cultural imperative and strive to follow the letter and spirit of The Qualcomm Way: our Code of Business Conduct, understanding it in the context of our core company values: Purposeful Innovation, passionate …

The certification requirement furthers the DOJ’s goal of holding individuals—in addition to corporations—accountable for white-collar crimes. It also reflects the Department’s growing interest in corporate custodians, including VACs. DOJ management has suggested that including this requirement in corporate resolutions is beneficial for chief compliance officers. Deputy Attorney General Lisa Monaco, for example, noted that the …

By Caroline Simson (June 21, 2022, 9:27 p.m. EDT) – A minority shareholder in one of the world’s largest meat suppliers defends its bid in New York federal court for information to support a claim that he intends to file with Brazilian regulators about “illicit” activities that would continue to taint the company. SPS I …

June 20, 2022 Duane Morris LLP To print this article, all you need to do is be registered or log in to Mondaq.com. After leading the Federal Community Defender Office for the Eastern District of Pennsylvania for 14 years, Leigh Skipper joined Duane Morris’ White Collar Defense Division at the end of June. …

LOUISVILLE, Kentucky, June 17, 2022 (GLOBE NEWSWIRE) — Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) today announced that it has completed the sale of 115.7 acres of surplus land near the Calder Casino for $291 million (or about $2.5 million per acre) to Link Logistics, a leading owner of logistics real estate assets, established …

The recent closure of Abbott Nutrition’s plant in Sturgis, Michigan highlights an all-too-familiar problem that companies and their lawyers need to address: the consequences of ignoring internal whistleblowers. For more than two years, an Abbott Nutrition employee repeatedly raised concerns about quality control failures and food safety violations directly to company management, with no response. …

By Madison Arnold (June 10, 2022, 2:25 p.m. EDT) – Akerman LLP has selected a veteran former federal prosecutor and current white-collar defense partner as the next chair of the Miami office’s litigation practice. The firm announced last week that Jacqueline M. Arango would take over the role and lead a team of other former …

STOCKHOLM, June 9 (Reuters) – Ericsson (ERICb.ST) said on Thursday the U.S. securities regulator had opened an investigation into matters described in the company’s 2019 Iraq investigation report. The Swedish telecom equipment maker said it was cooperating fully with the U.S. Securities and Exchange Commission (SEC) and it was too early to determine or predict …

By Chris Villani (June 9, 2022, 1:24 p.m. EDT) – Federal prosecutors are sitting on evidence that could cast doubt on their claims that a lawyer and a retired Army colonel conspired to bribe officials Haitians to approve an $84 million port project, the lawyer said ahead of an upcoming trial. In a motion filed …

Ambassador (retired) Robert A.ShermanSenior Counsel in the Litigation Practice at global law firm Greenberg Traurig, LLP, has been unanimously elected to the New England Council Board of Trustees. BOSTON, June 3, 2022 /PRNewswire-PRWeb/ — Ambassador (retired) Robert A.ShermanSenior Counsel in the Litigation Practice at global law firm Greenberg Traurig, LLP, has been unanimously elected to …

Lately, there has been a lot of talk about environmental, social and governance (“ESG”) policies in companies. Elon Musk has called ESG an “outrageous scam”.[1] And although there is no clear definition, investors and rating agencies, as well as end buyers and consumers, are increasingly looking for financially and morally sound companies that are committed …

How strict anti-corruption laws like the FCPA led to the growth of illegal black markets How strict anti-corruption laws like the FCPA led to the growth of illegal black markets Desierto, Desiree and Bologna Pavlik, Jamie, Bribe-Switching (May 10, 2021). Free Market Institute Research Paper No. 3843425, available at SSRN: https://ssrn.com/abstract=3843425 or http://dx.doi.org/10.2139/ssrn.3843425 Strict anti-corruption …

In Kirloskar Technologies (P) Ltd. vs. Best Theratronics Ltd., 2022 ONCA 331 the Ontario Court of Appeal held that the perceived risk of criminal prosecution under Canada’s bribery of foreign public officials legislation does not excuse a debtor from paying his debt under an agency agreement , when the outstanding criminal charges are not relevant …

Session speakers included Charlie Reed, Vice President of Corporate Compliance at Flex; Tyler Hand, compliance officer at Western Union; Fabricio Nunes, Global Chief Compliance Officer at Linde; and Ralph Carter, general manager of regulatory affairs at FedEx. Panelists highlighted that issues related to working in high-risk regions have always existed, but recent dynamic events and …

Below is my column in the New York Post on the implications of the recent civil lawsuit against Steve Wynn for allegedly working as an agent for China. The lawsuit was filed under the Foreign Agents Registration Act. The timing of the move to civil penalties is important given the ongoing investigation of Hunter Biden …

Earlier this year, we wrote that Illinois-based waste disposal company Stericycle, Inc. (Stericycle) had agreed in principle with the Ministry of Justice (the DOJ) and the Securities Exchange Commission (the SECOND) to settle charges relating to an alleged conspiracy to violate the anti-corruption, books and records and internal accounting controls provisions of the Foreign Corrupt …

OSHKOSH, Wisconsin, May 16, 2022–(BUSINESS WIRE)–Oshkosh Corporation (NYSE:OSK), a leading innovator of critical vehicles and essential equipment, released its ninth annual sustainability report, reinforcing the continued focus of the company on innovation, its commitment to sustainable business practices and building a better world. Oshkosh Corporation’s sustainability strategy is guided by four key areas: empowering our …

May 10, 2022 Rahman Ravelli Lawyers To print this article, all you need to do is be registered or log in to Mondaq.com. US prosecutors have charged a British national and a Spanish citizen with helping programmer Virgil Griffith evade US sanctions against North Korea. Griffith, the creator of the Ethereum blockchain, was …

SAN FRANCISCO, Calif./ACCESSWIRE/May 2, 2022/ Hagens Berman urges Ericsson ERIC investors who have suffered significant losses to submit your losses now. A securities fraud class action lawsuit has been filed and some Ericsson investors who suffered significant losses are given the opportunity to pursue the case. Class period: April 27, 2017 – February 25, 2022 …

SAN FRANCISCO, April 30, 2022 (GLOBE NEWSWIRE) — Hagens Berman urges Ericsson (NASDAQ: ERIC) investors who have suffered significant losses to submit your losses now. A securities fraud class action lawsuit has been filed and some Ericsson investors who suffered significant losses are given the opportunity to pursue the case. Ericsson (NASDAQ: ERIC) Securities Class …

Argentina remains a witness to corruption even when the culprits confess Tuesday, April 26, 2022 – 09:58 UTC The bribes were called “alfajores”, a typical Argentinian “mini-cake”. Photo: Pixabay/Cristhian Cabrera Argentina’s justice system continues to be a mere witness to corrupt practices, even after these local officials admitted their actions in foreign courts, …

Global management consulting FTI Consulting has expanded its Risk & Investigations offering in China with the launch of a Financial Crime Compliance practice. FTI Consulting’s dedicated financial crime compliance practice assists its clients – primarily banks and businesses in regulated industries – to design, implement and manage financial crime compliance programs. The practice provides an …

NEWYou can now listen to Fox News articles! Former DOJ prosecutor Jim Trusty detailed the outcome to be expected in Hunter Biden’s investigation on Friday “Jesse Watters in prime time,noting that the ultimate test for the Attorney General is whether this is just a tax case or something more important. FAITHFUL JIM: I really think …

By Al Barbarino (April 20, 2022, 4:28 p.m. EDT) — Stericycle has settled a previously disclosed corruption case with US and Brazilian authorities that will see the global waste management company pay more than $84 million in fines and retain an independent compliance monitor for at least two years, according to announcements Wednesday. The company …

Happy Spring! We’re back with another spring edition of our legal industry column. Read on for more information on hiring and rewards in law firms and women in the legal industry. Hiring and expanding a law firm Manatt, Phelps & Phillips, LLP announced the addition of David Reichenberg, who joins the firm’s New York office …

Take away: The judge’s expansive interpretation of the FCPA’s internal controls provision and the jury’s conviction make this law ripe for appellate review. On April 8, 2022, after a two-month trial in federal court before Judge Margo Brodie, a Brooklyn jury convicted Roger Ng, former CEO of Goldman Sachs, of conspiracy to bribe, to circumvent …

A US jury on Friday convicted a former Goldman Sachs chief executive for his role in the 1Malaysia Development Berhad (1MDB) embezzlement scandal, in which the bank paid billions in bribes to Malaysian government officials and Abu Dhabi in order to obtain lucrative business deals. Ng and other Goldman executives managed three bond deals with …

In recent years, the United States Department of Justice (DOJ) and the United States Securities & Exchange Commission (SEC) have clarified their anti-corruption due diligence and disclosure expectations vis-à-vis acquiring companies before and after the acquisition. Despite government efforts to clarify expectations and promote greater transparency, acquiring companies risk inheriting liability as successors (or joint …

A former chief executive of The Goldman Sachs Group Inc. (Goldman Sachs) was convicted today by a federal jury in the Eastern District of New York of conspiracy to bribe, circumvent accounting controls and money laundering as part of a multi-billion dollar scheme involving Malaysia’s state investment and development fund, 1Malaysia Development Berhad (1MDB). “Roger …

(Washington DC, April 7, 2022) – Paul Hastings LLP should immediately drop its lobbying contract with NSO Group, the maker of Pegasus Spyware, which authoritarian rulers have used to great effect to surveil and target its citizens, Democracy has said. for the Arab World Now (DAWN). Paul Hastings cannot credibly call himself a business and …

Akin Gump Strauss Hauer & Feld has hired international arbitration and cross-border litigation heavyweight Ing Loong Yang from Latham & Watkins in Hong Kong, bolstering its international litigation practice. Yang, recognized as one of the leading practitioners of cross-border litigation, has over three decades of experience handling international arbitration cases and commercial disputes in Asia, …

Responsibility Corporate Responsibility What are the risk management and compliance obligations of members of corporate governance bodies and senior management? Members of governing bodies and senior management have several risk and compliance responsibilities. First, board members are responsible for overseeing the compliance program. This means that board members must ensure that the compliance program is …

Companies looking to help their Ukrainian employees safely leave Ukraine should be aware of the potential risks associated with the Foreign Corrupt Practices Act (FCPA) and other US laws and regulations. Following Russia’s invasion of Ukraine, Ukrainian President Volodymyr Zelensky ordered a general military mobilization and declared martial law to ban male Ukrainian citizens between …

The Department of Justice informed an insurance broker now owned by Marsh & McLennan Cos. that prosecutors would not pursue criminal charges related to more than $3 million in bribes the company allegedly paid to officials in Ecuador. Prosecutors made public their decision not to prosecute the company, Jardine Lloyd Thompson Group Holdings Ltd., in …

One of the most interesting Foreign Corrupt Practices Act (FCPA) criminal trials is underway in New York, that of Roger Ng. Trial preparation and trial reporting efforts were led by Law360 and its lead reporter Stewart Bishop and much of the information in this post comes from this site. Unfortunately, he’s behind a paywall, so …

BY MIRIAM MANGWAYATHE United States of America (US) has collected over $18 billion in fines from companies engaging in various corrupt activities around the world since 2015. The companies were charged under the Foreign Corrupt Practices Act (FCPA). Speaking to reporters during the Virtual Reporting Tour (VRT) on anti-corruption efforts in the United States hosted …

San Francisco, Calif.–(Newsfile Corp. – March 24, 2022) – Hagens Berman urges Ericsson (NASDAQ: ERIC) investors who have suffered significant losses to submit your losses now. A securities fraud class action lawsuit has been filed and some Ericsson investors who suffered significant losses are given the opportunity to pursue the case. Class period: April 27, …

LOUISVILLE, Ky., March 22, 2022 (GLOBE NEWSWIRE) — Churchill Downs Incorporated (“CDI” or “the Company”) (CHDN) today announced that it has signed a definitive agreement to acquire Chasers Poker Room in Salem, New Hampshire (“Hunters”). Chasers is a charitable gaming facility located about 30 minutes from downtown Boston that offers poker and a variety of …

Bolsonaro’s popularity picks up ahead of presidential elections Saturday, March 19, 2022 – 10:20 UTC Whether Bolsonaro will manage to bring Lula to the second round after October 30 remains an enigma. Brazilian President Jair Bolsonaro sees his chances of re-election in October improving after a drop in unemployment announced on Friday helped …

JThe Justice Department is investigating Hunter Biden for possible foreign lobbying violations related to his overseas business dealings — likely in places like China, Ukraine and Kazakhstan — in addition to reviewing his taxes, according to a new report. Delaware U.S. Attorney David Weiss is known to lead a federal investigation into President Joe Biden’s …

SAN DIEGO, March 15, 2022 (GLOBE NEWSWIRE) — National law firm Morris Kandinov is investigating the actions of the executives and board of directors of Hertz Global Holdings, Inc., Peabody Energy Corporation, Stericycle, Inc. and The Chemours Company. If you currently own shares of any of these stocks, contact [email protected] Hertz Global Holdings, Inc. (NASDAQ: …

“We expect our enforcement activity to only accelerate as we emerge from the pandemic.” – Attorney General Merrick B. Garland On March 3, 2022, at the 37and Annual of the American Bar Association’s Criminal Justice Section National Institute on White Collar Crime in San Francisco, Attorney General Merrick B. Garland stressed that “prosecuting corporate crimes …

The United States Department of Justice (DOJ) has issued an opinion proceeding authorization under the Foreign Corrupt Practices Act (FCPA) advising a United States-based plaintiff that a payment in cash of $175,000 to a third party allegedly acting on behalf of a foreign country would not trigger enforcement action. under the anti-corruption provisions of the …

DODGE CENTER, Minnesota–(BUSINESS WIRE)–March 8, 2022– McNeilus Truck and Manufacturing, Inc., an Oshkosh Corporation (NYSE: OSK) company – and part of Oshkosh’s business segment – has acquired the CartSeeker™ sidewalk automation product from Eagle Vision Systems, Inc. and Waterloo Controls, Inc. McNeilus is focused on designing and developing technologies and other heavy-duty truck advancements that …

Ericsson’s disclosure follows media reports of a leaked internal investigative report, obtained by the International Consortium of Investigative Journalists, pointing to evidence that the company engaged in a ” scheme of bribery and corruption” with the terrorist group ISIS. Ericsson confirmed last month that it uncovered evidence of “corruption-related misconduct” that occurred in its operations …

By Lauren Berg (March 3, 2022, 6:03 PM EST) – The US Department of Justice found that telecommunications giant Ericsson breached its obligations under a 2019 deferred prosecution agreement by not disclosing evidence of an internal investigation into alleged misconduct in Iraq, the Stockholm-based company admitted on Wednesday. Ericsson said in a statement filed with …

The Nutter Securities Enforcement Update is a periodic summary of notable recent activity in the enforcement of securities laws, regulations, rulings and charges. For more information about these cases or how they may affect you, contact your Nutter attorney. Investment Advisors/Investment Firms SEC v. Edward S. Walczak, lit. Rel. No. 25327 (WD Wisc., February 4, …

Signage is seen outside the legal offices of the law firm Winston & Strawn in Washington, DC, U.S., May 10, 2021. REUTERS/Andrew Kelly Join now for FREE unlimited access to Reuters.com Register Buchanan said he is stepping down from Winston after more than 30 years Former federal prosecutor courted to represent Trump in Robert Muller’s …

PUTRAJAYA (February 25): Former Astro Malaysia Holdings Bhd Group CEO Datuk Rohana Rozhan has confirmed that she has seen the Malaysian Anti-Corruption Commission (MACC). In a brief statement released by his attorneys at Messrs. Valen, Oh & Partners on Friday, February 25, Rohana said she would fully cooperate with the anti-corruption agency in its investigations. …

Matt Kelly and I did an episode on our podcast, Weed compliance, regarding KT Corporation’s Foreign Corrupt Practices Act (FCPA) settlement with the Securities and Exchange Commission (SEC) via a cease and desist order (the order) for “return of $2,263,821, interest before judgment of $536,457 and a civil penalty in the amount of $3,500,000,” bringing …

Last Friday, the Securities and Exchange Commission (SEC) announced that KT Corporation had agreed to resolve allegations that it violated the Foreign Corrupt Practices Act (FCPA) in a cease and desist order. The order says KT paid nearly $400,000 to nearly 100 lawmakers and candidates and created a “slush fund” of approximately $900,000 from which …

By Hailey Konnath (February 17, 2022, 10:35 PM EST) – South Korean telecommunications giant KT Corp. agreed to pay $6.3 million to end allegations by the U.S. Securities and Exchange Commission that the company violated the Foreign Corrupt Practices Act by making improper payments for the benefit of overseas officials, the SEC announced Thursday. The …

Ericsson CEO Borje Ekholm told a Swedish newspaper Dagens Industry that the company may have made payments to the terrorist organization Islamic State (ISIL/ISIS) for its operations in Iraq. According to Bloomberg, the CEO said the telecoms giant had identified “unusual expenses dating back to 2018”. While the final recipient of these payments has yet …

Mexican President Andrés Manuel Lopez Obrador tried to divert people’s attention from his son’s problems. Associated press Mexican President Andrés Manuel Lopez Obrador’s popularity has yet to drop, despite his government’s poor record on almost all fronts. But I wouldn’t be surprised if his polls plummet following the latest corruption allegations involving his own family. …

Dallas, TX- Oberheiden PC is a federal compliance and defense law firm with a team of former U.S. Department of Justice (DOJ) attorneys who have extensive experience on both sides of federal securities fraud investigations . The firm’s attorneys are available to represent individuals and companies in all industries who have received subpoenas from the …

The US Department of Justice (DOJ) recently released an Extortion and Coercion Notice under the Foreign Corrupt Practices Act (FCPA) that provides a unique perspective on the DOJ’s FCPA notice process. While the notice does not break any substantial new legal authority, it demonstrates that in certain urgent circumstances (including where there is a risk …

The former executive director of an Ohio-based international adoption agency pleaded guilty today in the Northern District of Ohio to defrauding US and Polish authorities in connection with the adoption of a Polish child. According to court documents, Margaret Cole, 74, of Strongsville, Ohio, admitted to conspiring with Debra Parris and others to deceive authorities …

While speaking at the Food & Drug Law Institute’s Enforcement, Litigation and Compliance Conference in December, Assistant Deputy Attorney General Arun Rao identified clinical trial fraud as one of the four main areas of law enforcement by the Consumer Protection Branch of the United States Department of Justice (“DOJ”).1 Rao warned of the “dangerous consequences” …

United States: Cryptocurrency finds itself in the crosshairs of robust regulation January 31, 2022 Riker Danzig Scherer Hyland & Perretti To print this article, all you need to do is be registered or log in to Mondaq.com. Charlie B. McKenna, a partner in the firm’s White Collar Criminal Defense and …

Democracy is under attack all over the world. This democratic recession has been building for over a decade but has deepened as autocrats, often backed by China or Russia, violently repress their people and corrode independent institutions. From Belarus to Cambodia, tyrannical rulers are doing everything they can to stay in power. But they have …

By Pete Brush (January 26, 2022, 4:39 PM EST) – A Brooklyn federal judge ruled Wednesday that lawyers for former Goldman Sachs executive Roger Ng cannot argue before a jury that at least one Another man suspected of looting billions from a Malaysian sovereign wealth fund fled while Ng remained behind. U.S. District Judge Margo …

Transparency International’s recently released Corruption Perceptions Index (CPI 2021) is out. This year’s Corruption Perceptions Index (CPI) reveals that corruption levels are at a standstill around the world. The CPI ranks 180 countries and territories around the world according to their perceived levels of corruption in the public sector. The results are given on a …

John le Carré licked his lips. It’s Dante’s hellish inferno wrapped up in a twisted spy thriller, with its twisted secrecy in the shadowy world of intelligence agency black ops that nearly imploded South Africa’s economy and democracy in the country. . Maybe Deon Meyer can step in now that Le Carré is dead. After …

MIAMI, January 21, 2022 /PRNewswire/ — Berkeley Research Group, LLC (BRG) Announces Expansion of Presence in Miami and the Latin America region with the appointment of two new senior managers. Dr Andres Chambouleyron, previously based in the firm Buenos Aires office, was transferred to a management position in Miami. At the same time, BRG has …

Washington, DC, Los Angeles and London, January 18, 2022 – After a year of stopping and starting, 2022 is expected to bring a revival of anti-corruption and anti-corruption law enforcement and prosecution activity around the world. Hogan Lovells’ annual Global Bribery and Corruption Outlook report, released today, predicts an increased compliance burden for businesses and …

Ben Murr President of TwinSpires and Online Games President of TwinSpires and Online Games LOUISVILLE, Ky., Jan. 14, 2022 (GLOBE NEWSWIRE) — Churchill Downs Incorporated (“CDI” or the “Company”) today announced that Ben Murr has been named President of TwinSpires and Online Gaming. In this role, he will be responsible for the overall strategy and …

In 2021, the number of Foreign Corrupt Practices Act (FCPA) enforcement actions fell to the lowest level in a decade. According to a Stanford University FCPA Clearinghouse report, the U.S. Securities and Exchange Commission (SEC) and Department of Justice (DOJ) filed only 18 FCPA enforcement actions in 2021. This number is well below the ten-year …

On December 21, 2021, the United States Department of Justice (“DOJ”) announced the termination of its criminal investigations into NatWest Markets Plc (“NatWest”), a UK-based global banking and financial services company. Accused of violating the terms of a 2017 Non-Prosecution Agreement (“NPA”), NatWest pleaded guilty to one count of wire fraud and one count of …

The “2021 FCPA Year in Review,” published Friday by Stanford Law School’s FCPA Clearinghouse in conjunction with the law firm Sullivan & Cromwell, revealed that there were 18 FCPA enforcement actions filed last year. – 14 by the Department of Justice (DOJ) and four by the Securities and Exchange Commission (SEC). The total represented the …

By Stewart Bishop (Jan. 7, 2022, 6:30 p.m. EST) – A federal judge in Brooklyn on Friday postponed the trial of former Goldman Sachs executive Roger Ng stemming from the 1Malaysia Development Bhd scandal. to early February, amid the continued rise of the omicron COVID-19 variant. United States District Judge Margo Brodie postponed proceedings about …

The Travel Act, 18 USC § 1952, makes it a federal crime to travel, use mail, or use any facility in interstate or foreign commerce for the purpose of promoting “illegal activity.” When passed in 1961, the Travel Act was originally intended to give the federal government a head start in the fight against organized …

Global management consulting firm Kroll has welcomed Saket Bhartia to its team in Singapore. Appointed Managing Director, Bhartia is part of the firm’s Forensic Investigations and Intelligence practice, specializing in forensic consulting and technology work. He brings more than two decades of experience helping executives, legal counsel, ethics and compliance officers manage a wide range …

Credit: EtiAmmos / Shutterstock.com After months of reporting on ongoing intensified enforcement efforts, senior management at the U.S. Department of Justice (DOJ) announced several new initiatives to tackle white-collar crime. Some of the policy changes were previewed by Deputy Attorney General (DAG) Lisa Monaco in a demanding message to the White Collar Defense Bar of …

introduction What efforts has the company made to implement and monitor policies and procedures that reflect and address the range of risks it faces, including changes to the legal and regulatory landscape? Has the company taken reasonable steps to ensure its compliance and ethics program is followed, including monitoring and auditing to detect criminal behavior? …

The US State Department’s travel ban on disgraced former officials Konrad Mizzi and Keith Schembri has been described as “a rare rebuke from an otherwise friendly country” by a former diplomat consulted by The Shift. “The State Department does not sanction anyone suspected of significant corruption. It does so only when the prospects for domestic …

The company said it made the appointment in response to increased demand for investigative services related to complex issues such as fraud, corruption, litigation, asset searches and supply chain management. global in Singapore and the ASEAN region. Kroll named Saket bhartia as managing director of the Singapore-based Forensic Investigations and Intelligence practice, according to an …

The United States sent a clear message to Malta yesterday, but has anyone been listening? Keith Schembri and Konrad Mizzi joined more than 149 officials and their immediate families from countries including Albania, Zimbabwe, Venezuela and Saudi Arabia (where officials were linked to the murder of journalist Jamal Khashoggi) to be banned from travel to …

By Stewart Bishop (December 21, 2021, 8:15 p.m. EST) – A New York federal judge said on Tuesday she anticipated the January trial of former Goldman Sachs executive Roger Ng over the alleged multibillion-dollar fraud 1MDB would go as planned, despite the rise of the omicron coronavirus variant. During a morning teleconference, Chief Justice Margo …

SAN DIEGO, December 20, 2021 (GLOBE NEWSWIRE) – National law firm Morris Kandinov is investigating actions of officers and board of directors of Workhorse Group, Inc., Vroom, Inc., Redwire Corporation and Cognizant Technology Solutions Corporation. If you currently own shares of any of these shares, contact [email protected] or dial (619) 708-3993. Workhorse Group, Inc. (WKHS) …

In quieter years, banks come under scrutiny from a multitude of regulators with overlapping mandates. After the presidential elections in the United States, all industries are bracing for a shift in priorities. But few expected the seismic upheaval promised in 2021 by the Biden administration, its Justice Department and other parts of the federal government. …