Two brokers affiliated with a New York firm were charged in federal court with paying at least $5 million in bribes to an official at a state-owned Venezuelan bank to win bond trading work.… Continue Reading
Covidien’s chief Asia-Pacific compliance counsel Jessie Yap recently said most healthcare firms in Asia sponsor doctors to attend conferences, a practice Yap said influences purchasing decisions “significantly.”
“Often…instead of attending conferences, the doctors are actually taken sightseeing, gambling, and other unauthorized activities,” Yap said at an April anti-corruption forum in Sydney.… Continue Reading
What is the cost of bribery and corruption? We’re seeing it played out daily in Bangladesh as each body is pulled out of the rubble of the Rana Plaza, where there are now more than 600 confirmed deaths in what has become the worst disaster for Bangladesh’s $20 billion-a-year garment industry.… Continue Reading
Florida-based Harris Corporation said this week it has received a ‘formal order of investigation’ from the SEC relating to the operations of its Carefx subsidiary in China.
The SEC notified Harris of the stepped-up investigation on April 23, the company said.… Continue Reading
ethiXbase has introduced the latest update to its popular toolkit for compliance professionals, ethiXbase Monitor.
Monitor is already used by thousands of companies, law firms, regulators, and enforcement agencies to help them keep track of current and proposed legislation, enforcement actions, contagion risks, and expert publications from around the world.… Continue Reading