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Foreign Corrupt Practices Act


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. …

We explore the recently released United States Anti-Corruption Strategy (the “Strategy”); captioned “In Accordance with National Security Study Memorandum on Establishing Anti-Corruption as a Core National Security Interest of the United States”; in response to President Biden’s prior statement that corruption was a US national security concern. In this 5-part blogging series, I’ll dig deeper …

This GT Alert covers the following: The Biden administration’s anti-corruption strategy was announced to protect “national security, economic fairness, global anti-poverty and development efforts, and democracy itself.” The strategy focuses on both the “supply side” and the “demand side” of foreign bribery. Promises “aggressive enforcement” against the facilitation and perpetuation of foreign corruption, with a …

Last week, the Biden administration released the United States Anti-Corruption Strategy (the “Strategy”); captioned “In Accordance with National Security Study Memorandum Establishing Anti-Corruption as a Basic National Security Interest of the United States”; in response to President Biden’s prior statement that corruption was a US national security concern. While obviously focused on the role of …

A London Court of Appeal overturned the bribery conviction of a former director of the Unaoil group after finding that the UK’s Serious Fraud Office had committed a ‘serious breach’ by refusing to provide evidence which would have caused him helped at the trial. The move is a setback for the SFO, which last year …

By Mike Hammer, US Ambassador to the DRC On December 9 and 10, 2021, President Biden is hosting a virtual summit for democracy. It will be the first of two Democracy Summits to bring together 100 world leaders in government with civil society, media and the private sector to discuss their collective efforts to tackle …

In October 2020, when Ankhi Das resigned his post as chief policy officer of Facebook India, it was a watershed moment. Das resigned after a the Wall Street newspaper The investigation accused Facebook of allowing hate speech by politicians of dispensation from power in India, the Bharatiya Janata party, to remain on its platform. This …

“Tone at the top” now includes the guarantee that business transactions are ethical and bribe-free. The impact of the Foreign Corrupt Practices Act (FCPA) on companies and their boards of directors has been huge and widespread, and not just on US-based companies. Companies around the world have changed their business practices to avoid violating the …

Key points to remember A Texas Federal District Court recently dismissed criminal charges against a Swiss resident and citizen under the Foreign Corrupt Practices Act (“FCPA”), ruling that the court lacked jurisdiction over a foreign defendant who does nothing in the United States and otherwise has little connection with the United States. The court also …

Welcome to a special series of five part blog posts on how to unlock the gold in your program. I am visiting Gio Gallo and Nick Gallo, Co-CEO of ComplianceLine, LLC, the sponsor of this series. One of the ongoing compliance issues is demonstrating the return on investment (ROI) of your compliance program. One way …

On November 10, 2021, the United States Departments of State, Treasury, and Commerce issued a Joint Notice (the “Notice”) cautioning U.S. companies operating or considering operations in Cambodia to be aware of the transactions with entities and in sectors potentially involved in human activity. rights violations, criminal activity and corrupt business practices. We describe the …

Prime Minister Philip ‘Brave’ Davis. By RASHAD ROLLE Principal journalist of the Tribune [email protected] PRESS Secretary Clint Watson said the Davis administration would not let Royal Caribbean International lease seven acres of Crown land on Paradise Island for 150 years. He also said Prime Minister Philip “Brave” Davis wanted to amicably resolve the disagreement between …

Mr. Editor, Many governments around the world are experiencing an increase in corruption as they enter the second year of their 5-year term because, at that point, those politicians and officials who intend to commit wrongdoing have “learned the tricks of the trade” and have become bold and shameless by carrying illegal activities. This happened …

Fraud Scheme Results in $ 56 Million Seized as America’s Largest Cryptocurrency Recovery On November 12, 2021, the U.S. Department of Justice and Southern District Attorney’s Office of California’s request was granted to liquidate approximately $ 56 million (at current estimated prices) in fraud proceeds seized from the major northern developer. – American cryptocurrency BitConnect. …

LOUISVILLE, Ky., November 18, 2021 (GLOBE NEWSWIRE) – Churchill Downs Incorporated (“CDI” or the “Company”) (CHDN) today announced that the Indiana Gaming Commission (“IGC”) has selected the nominee of the Company for a casino owner’s license, submitted by its wholly owned subsidiary CDITH, LLC (“CDITH”), to develop the Queen of Terre Haute Casino Resort (the …

ODP Corporation (NASDAQ: ODP), a leading provider of business services, products and technology solutions for the digital workplace through an integrated B2B distribution platform with an online presence and approximately 1,100 stores (“ODP” or the “Company”), today announced that it has entered into Accelerated Share Repurchase Plan (“ASR”) agreements with Goldman Sachs & Co. LLC …

November 30, 2021 1:00 p.m. – 2:00 p.m. EST The coronavirus pandemic is orienting more and more organizations towards remote working models. This improves the potential trajectory of data security incidents and other information exfiltration to dramatically increase. The number of data security incidents in 2020 was more than double that of 2019. US businesses …

By Ben Kimberley and Addison Thompson (November 5, 2021, 4:09 p.m. EDT) – On October 28, Deputy Attorney General Lisa Monaco said the U.S. Department of Justice will further strengthen efforts to tackle corporate crime.[1] While practitioners will likely focus on Monaco’s comments on topics such as the emphasis on individual responsibility – i.e. a …

By Stewart Bishop (November 4, 2021, 7:57 p.m. EDT) – Federal prosecutors in Brooklyn on Thursday sought to define the extent of evidence to be used in the upcoming trial of former Goldman Sachs executive Roger Ng over an alleged $ 2.7 billion fraud on Malaysia’s sovereign wealth fund, 1Malaysia Development Bhd. Ng is set …

Deputy Attorney General Lisa Monaco described significant changes to the Department of Justice’s corporate criminal law enforcement policies during her opening address October 28, 2021 at the 36th ABA National Institute on Crime in white collar. His address highlighted the ministry’s enforcement priorities, new and amended guidelines, and issues targeted for further study. In this …

Brown University endowment yields topped Ivy League rivals for the third year in a row, while Columbia University and Harvard University endowments lag behind their rivals despite historic returns of over 30% each for fiscal 2021. Princeton University, which is the only Ivy League school not yet to report its endowment performance in 2021, said …

On October 15, 2021, the Department of Justice (DOJ) announced the creation of a hotline to help its anti-corruption task force fight corruption in Central America, particularly in the Northern Triangle countries of El Salvador, Guatemala and Honduras. The Anti-Corruption Task Force was established earlier in 2021 with the aim of tackling corruption, human smuggling …

MUSC’s fruitful collaboration with foreign institutions and our reputation in the international community depend in part on the nature and strength of our partnerships. The partnership is expected to add value to MUSC’s mission, strategic goals, and other areas of research and academic growth. Signing documents simply for a presentation or ceremony, or without substantive …

Honeywell said it continues to cooperate with investigations by the Department of Justice, Securities and Exchange Commission and Brazilian authorities “regarding our use of third parties who previously worked for our UOP business in Brazil in relation to Petróleo Brasileiro (Petrobras ) as part of with an award-winning project in 2010. The company first disclosed …

By Hailey Konnath (Oct. 22, 2021, 10:42 p.m. EDT) – Honeywell International Inc. expects to pay at least $ 160 million to resolve investigations by U.S. and Brazilian authorities into potential violations of the Human Rights Practices Act. corruption abroad, said the multinational. in a U.S. Securities and Exchange Commission filing Friday. The US Department …

Credit Suisse Group fined for fraudulently deceiving investors in two bond offerings Credit Suisse Group has agreed to pay nearly US $ 475 million to US and UK authorities for fraudulently misleading investors and violating the Foreign Corrupt Practices Act (FCPA) in a scheme involving two offers of bonds and a syndicated loan that raised …

By Dave Simpson (October 21, 2021, 11:21 p.m. EDT) – Stockholm-based telecommunications giant Ericsson on Thursday announced that the U.S. Department of Justice had determined it had breached its obligations under a 2019 deferred prosecution agreement over allegations he conspired to violate the Corrupt Practices Abroad Act. Ericsson said in a statement that the DOJ …

The Justice Department today announced a hotline to help its anti-corruption task force tackle corruption in El Salvador, Guatemala and Honduras, a key part of the vice president’s work to tackle corruption. root causes of migration. “As the Vice President acknowledged during her visit to Guatemala earlier this year, corruption and impunity in the region …

Three weeks ago, news broke that two former SNC-Lavalin executives may have engaged in acts of counterfeiting, fraud and conspiracy between 1997 and 2004. This concerns allegations that bribes -vin could have been paid to help secure a repair contract for the iconic Jacques-Cartier Bridge in Montreal. SNC-Lavalin itself was also charged because of the …