Credit Suisse agreed last Friday to pay $196.5 million and admit wrongdoing to settle charges that it provided cross-border brokerage and investment advisory services to U.S. clients without first registering with the SEC.… Continue Reading
Parental controls: Anti-corruption compliance programs for joint ventures, subsidiaries and franchisees (Part 8)
Over the course of the prior posts in this series, we examined various approaches to what we call “parental controls,” meaning compliance measures aimed at joint ventures and other affiliated entities that a company might employ.… Continue Reading
Acting Assistant Attorney General Mythili Raman of the Department of Justice’s Criminal Division announced on Wednesday that she is leaving the agency, effective March 21, 2014.
Under her leadership for the past year, the Criminal Division charged or convicted more than a dozen individuals for FCPA-related violations, and secured three of the ten of the biggest corporate FCPA resolutions ever involving a unit of Alcoa, France’s Total SA, and Weatherford International.… Continue Reading
Authorities are clamping down on corrupt police officers offering protection to sex workers in southern China’s “sin city” of Dongguan.
The crackdown, triggered by an investigative report aired on China Central Television (CCTV), “may have been an orchestrated effort involving China’s central government, state media and Guangdong Communist Party chief Hu Chunhua, and could be a preview to a second round of anti-graft sweeps across the country.”… Continue Reading