Wal-Mart’s expenses for FCPA investigations and its global compliance program were $282 million for the past fiscal year and $157 million for the year before.
The company said in an SEC filing it expects more costs for FCPA investigations, and for responding to subpoenas and defending existing and new shareholder lawsuits.… Continue Reading
A key figure in the investigation of JPMorgan Chase’s hiring practices in Asia is leaving the investment bank.… Continue Reading
For years I have argued that unilateral (or nearly unilateral) anti-bribery enforcement will make bribery levels in developing countries go up. … Continue Reading
A DOJ and IRS sting resulted in the arrests of two Caribbean-based bankers — an American and a Canadian — and their Canadian lawyer for conspiracy to launder money and hide the identities and assets of U.S.… Continue Reading
I write from the International Anti-Corruption Academy conference in Vienna, Austria, where many speakers have remarked how much the world has changed in the past few years.
I agree — but I go back much further.… Continue Reading
Job Title: Senior Manager, Global Anti-Corruption
Employer: American Express
This position will join the Compliance & Ethics team responsible for the day to day management, development, growth and maintenance of American Express’s Global Anti-Corruption Program.… Continue Reading
The opinion request came from “a United States financial services company and investment bank,” the DOJ said.… Continue Reading
The threat of a possible Phase 3bis evaluation, leading to a public statement of non-compliance, is a sure sign that the Organisation for Economic Co-operation and Development (OECD) Working Group has encountered a brick wall.… Continue Reading