The Securities and Exchange Commission Wednesday charged husband-and-wife executives and their China-based company with FCPA books and records and internal controls violations in a non-bribery case. The couple allegedly overstated the company’s revenues and diverted proceeds from a securities offering for their personal use.… Continue Reading
Here are wise words from Tuesday’s post by Ellen Podgor on her White Collar Crime Prof Blog:
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Politics do not belong in the agencies of our government. Whether it be the DOJ, SEC, or IRS – it is important that when politics gets infused in discretionary decisions, someone immediately puts a stop to this happening.
Las Vegas Sands Corp. said Friday that an internal investigation by its Audit Committee found ‘likely violations of the books and records and internal controls provisions of the FCPA.’ But after improvements, the company’s internal controls now have no ‘material weakness.’… Continue Reading
Afra Raymond is an anti-corruption activist from Trinidad and Tobago.
The Caribbean country amassed huge wealth in the 1970s thanks to oil production, he says. But that brought rampant graft — two out of every three dollars earmarked for development has been wasted or stolen, he says.… Continue Reading
Commodities giant Archer Daniels-Midland Company said this week it has reserved $25 million for a potential FCPA settlement with the DOJ and SEC.
The focus of its investigation that started in 2008 and just ended was the handling of grain and feed exports, ADM said.… Continue Reading
Modern compliance solutions are about actionable information. Like an in-vehicle GPS, they’re incomparably more powerful than a fold out map.
With GPS, you input a single data point — where you want to go — and the system gives you the information you need to know, exactly when you need to know it.… Continue Reading