New York’s Department of Financial Services said Monday that PricewaterhouseCoopers (PwC) Regulatory Advisory Services has been suspended for two years for helping whitewash a sanctions and anti-money laundering compliance report from the Bank of Tokyo Mitsubishi (BTMU).… Continue Reading
China’s State Council has fired one of its senior advisors for allegedly helping Qualcomm Inc. in an anti-trust probe in exchange for $975,000 in consulting fees.
Zhang Xinzhu (pictured), a researcher at the Chinese Academy of Social Sciences and an advisor to the State Council’s Anti-Monopoly Commission, was fired on August 12 for “violating work discipline,” according to a report Monday by the China Compliance Digest.… Continue Reading
Texas-based water treatment firm Layne Christensen said in an SEC filing Friday that after a four-year investigation, the DOJ won’t file any charges for violations of the Foreign Corrupt Practices Act.… Continue Reading
In Part 1 of this series, we introduced the concept of Collective Action in fighting corruption and companies’ role in driving this innovative tool forward.
But why should companies engage with other companies, governments, and, where it exists, civil society to combat corruption through Collective Action?… Continue Reading
A research center in Angola paid for by foreign oil companies who won the rights to some of the country’s 9.1 billion barrels of oil reserves can’t be found, Tim Fernholz reported in Quartz.… Continue Reading
One of the twenty defendants charged in an FBI sting against a reputed Chinatown boss in San Francisco and a state senator said an FBI agent was removed from the case because of financial improprieties.… Continue Reading
A prominent Puerto Rico accountant pleaded guilty Thursday to bribing the judge who presided over his vehicular homicide trial and acquitted him of all charges.
Lutgardo Acevedo-Lopez, 39, was a certified public accountant in Aguadilla, Puerto Rico.… Continue Reading