Business opportunities in China abound. But as anyone who reads the FCPA Blog knows, compliance there can be particularly challenging.… Continue Reading
The head of state energy company PT Pertamina, Karen Agustiawan, was ordered to pay bribes to members of the House of Representatives, evidence from a related investigation allegedly revealed.
Indonesia’s Independent Corruption Eradication Commission (KPK) prepared a case dossier about former SKKMigas chief Rudi Rubiandini that implicated the Pertamina boss, according to industry source Oil Patch Asia.… Continue Reading
Huang Jianlong, the former party secretary of Rucheng Township in Jiangsu province, was sentenced to nine years in prison for taking bribes worth $261,446. Huang took bribes from Shanghai Life Global Architecture Group and Nantong Zhongtie Huayu Electrics Co.,… Continue Reading
New York state’s top financial regulator plans to propose rules this year regulating Bitcoin businesses operating in the state.
This would make New York the first state to do so, and given the state’s prominence as a financial hub, it’s a big step for the virtual currency.… Continue Reading
Job Title: Compliance Administrator
Employer: American International Group
Location, New York, NY
Handle routine inquiries and interact with executives and colleagues, within and outside the Global Compliance Department, as well as with various outside contacts. … Continue Reading
The Financial Industry Regulatory Authority (FINRA) said Wednesday it has fined Banorte-Ixe Securities International, Ltd. $475,00 for not having adequate anti-money laundering procedures in place.
Because of the firm’s AML compliance failures, it opened an account for a corporate customer owned by an individual with reported ties to a drug cartel.… Continue Reading
Transparency International’s UK chapter released a new handbook Wednesday for creating or enhancing an anti-bribery compliance program.
The handbook targets businesses subject to the UK Bribery Act and U.S. Foreign Corrupt Practices Act, and helps them anticipate, avoid and resist bribery.… Continue Reading
Mary Jo White, Chair of the Securities and Exchange Commission, outlined her agency’s regulatory and enforcement priorities for 2014 during a talk Monday at the Annual Securities Regulation Institute.
She said more admissions will be sought.… Continue Reading
A golden wash basin, a statue of Chairman Mao Zedong, and boxes of high-end Moutai liquor have been found on property owned by Gu Junshan (pictured), providing a glimpse into the lavish lifestyle of the former People’s Liberation Army (PLA) general who’s now under investigation.… Continue Reading