Walmart argued Thursday to the Delaware Supreme Court that shareholders aren’t entitled to internal documents from an FCPA investigation that might show what executives and directors knew about alleged bribes paid to officials in Mexico.… Continue Reading
BNP Paribas SA ignored the warnings of its compliance staff as the bank broke U.S. sanctions, but the compliance team helped hide the origins of the transactions from U.S.… Continue Reading
Hong Kong’s securities regulator has reprimanded Ping An of China Securities (Hong Kong) and fined it HK$6 million (US$774,189) over what it called “serious internal control deficiencies” for anti-money laundering and other matters at the company.… Continue Reading
The SEC’s Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert in April with additional information about its Cybersecurity Initiative.
The Risk Alert is particularly relevant after news this week that the SEC has opened investigations of Target and other companies examining whether they properly handled and disclosed a growing number of cyberattacks.… Continue Reading