A federal lawsuit by the compliance officer for Siemens’ healthcare business in China who said he was fired for internally reporting FCPA violations was dismissed Monday. The U.S. District Court in New York said the anti-retaliation provisions of the Dodd-Frank Act don’t apply outside the United States.… Continue Reading
JP Morgan Chase reached a tentative deal with the DOJ this weekend to settle a slew of past transgressions for $13 billion.
The U.S. Federal Reserve said last week it was requiring Commerzbank AG in Germany and its New York branch to improve compliance with federal and state anti-money laundering (AML) laws.
The Fed action didn’t involve allegations of corruption or specific charges.… Continue Reading
Individual: Bachtiar Abdul Fatah
Company Involved: Chevron
Industry: Oil and Gas
Enforcement Action: Conviction and Sentencing