Social media can be used to help disseminate information about a compliance program and to promote the program’s virtues. But some think using social media for anything related to compliance it still too risky.… Continue Reading
Malawi’s Director of Public Prosecutions said he has a blank check to pursue officials implicated in the so-called ‘cashgate’ scandal in which millions of dollars are missing from government accounts.… Continue Reading
An Indian government investigation has accused General Motors of “corporate fraud” for submitting false emissions data to regulators for vehicles manufactured and sold in India from 2005-2012. The panel’s findings have led to a recall of more than 125,000 vehicles in India and could result in charges against current and former senior executives.… Continue Reading
The U.S.-China Business Council recently released the results of a survey of its membership on Best Practices for Managing Compliance in China.… Continue Reading
The SEC said Thursday that medical device and equipment maker Stryker Corporation will pay $13.2 million to resolve FCPA violations.
Michigan-based Stryker bribed doctors and administrators at government controlled hospitals in Argentina, Greece, Mexico, Poland, and Romania, the SEC said.… Continue Reading
One of the benefits, apart from the foreign earnings, of London’s court clogging Russian litigation, has been the collation of principles relating to the English civil law of bribery which can be summarized as follows:
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The underlying substantive and remedial policies behind protecting a principal against bribes is an agent’s obligation to act in the best interests of its principal and to avoid a real possibility of potential conflict.
Here’s the full FCPA disclosure from the Form 10Q/A filed by Wal-Mart Stores, Inc. with the SEC on October 21:
The Audit Committee (the “Audit Committee”) of the Board of Directors of the Company, which is composed solely of independent directors, is conducting an internal investigation into, among other things, alleged violations of the U.S.… Continue Reading
We considered in a prior post the new spirit of tough enforcement at the DOJ and SEC and the need to seize the opportunity for more advocacy by the compliance profession, in particular to head off a resolution of the Wal-Mart investigation harmful to compliance officers and the public.… Continue Reading
The U.S. government has barred Singapore-based Glenn Defence Marine Asia Ltd. (GDMA) from new contracts following a U.S. Navy bribery scandal that named Glenn and its chief executive, Leonard Glenn Francis.… Continue Reading