Posts in category

Foreign Corrupt Practices Act


LOUISVILLE, Ky., September 30, 2021 (GLOBE NEWSWIRE) – Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) today announced that Fair Grounds Race Course & Slots (“Fair Grounds”) and 12 of the company’s 15 off-road betting (“OTB”) facilities in Louisiana that were affected by Hurricane Ida have reopened. Fair Grounds and eight of the OTBs …

Kahn’s last day at the Justice Department was Wednesday. His first day at Davis Polk is October 11, a firm spokesperson told Compliance Week. The agency has not announced his departure. Kahn first joined the Justice Department in 2010 as a litigator with the Fraud Section, rising through the ranks during his 11 years with …

Good day. Blame the supply constraints facing very high demand as the US economy reopens for the current surge in inflation, Federal Reserve Chairman Jerome Powell said, adding that the Fed expected the surge prices would continue next year before fading. He noted that the Fed is facing a situation it has not encountered for …

A federal prosecutor who has overseen the Department of Justice’s enforcement of a key anti-corruption law in three US presidential administrations is stepping down to return to private practice. During an 11-year stint at the Justice Department, Daniel Kahn, whose last day was Wednesday, quit his post as attorney general to become his most recognizable …

LOUISVILLE, Ky., September 29, 2021 (GLOBE NEWSWIRE) – Churchill Downs Incorporated (“CDI” or “Company”) (Nasdaq: CHDN) today announced that the Company has signed a purchase and sale agreement with the Chicago Bears. The Company has agreed to sell the 326-acre property in Arlington Heights, Ill. (“The Property”), currently the headquarters of Arlington International Racecourse, for …

This week, we explore the recent Securities and Exchange Commission (SEC) cease and desist order last week with WPP plc, the world’s largest advertising group, for paying bribes to government officials and participated in other “illicit programs”. in China, Brazil and Peru. WPP has agreed to pay over $ 11 million in restitution and interest …

We now have our second Foreign Corrupt Practices Act (FCPA) enforcement action in 2021. The Securities and Exchange Commission (SEC) has entered into a Cease and Desist Order (Order). last week with WPP plc, the world’s largest advertising group, to bribe Indian government officials and participate in other “illicit programs” in China, Brazil and Peru. …

Former Nigerian Oil Minister Diezani Alison-Madueke set up a shakedown program that required NNPC contractors to pay $ 300,000 per month in bribes for oil deals to support the bid for the re-election of then-president Goodluck Jonathan. The Federal Bureau of Investigation said in court documents filed in the United States that Ms Alison-Madueke accepted …

Kenya-based advertising giant WPP PLC to pay $ 19 million (2 billion shillings) to resolve US government claims it failed to adequately guard against corruption risks in India , China, Brazil and Peru, securities regulators said on Friday. The American Securities and Exchange Commission (SEC) said that an Indian subsidiary of WPP paid up to …

WPP has agreed to pay a fine of $ 19 million (AU $ 26 million) to the United States Securities and Exchange Commission (SEC) over allegations of corruption and accounting controls for its subsidiaries which include Brazil, China, India, India and Peru. The breaches predate the current management led by CEO Mark Read, some dating …