The issue of who regulates the regulators was thrown into sharp focus following the publication of a rather costly (£3.15 million / $4.95 million) independent report into the UK Financial Conduct Authority’s media and financial market management. … Continue Reading
German auto parts maker and defense contractor Rheinmetall AG said in a statement Wednesday that a subsidiary agreed to pay a fine of €37 million ($46 million) to resolve a criminal investigation of alleged bribes in connection with arms sales in Greece.… Continue Reading
Dallas Airmotive Inc., an aircraft engine maintenance, repair, and overhaul firm based in Grapevine, Texas, admitted Wednesday that it bribed Latin American officials to win government contracts.
The company will pay a $14 million criminal penalty to resolve the FCPA offenses.… Continue Reading
The American Law Institute has announced a new project entitled “Principles of the Law, Compliance, Enforcement, and Risk Management for Corporations, Nonprofits, and Other Organizations.” The project aims to identify key issues and best practices in the areas of compliance and risk management as they relate to law, lawyers, and legal practice. … Continue Reading
The University of Richmond Annual Corruption Issue, Part IV: Getting to Universal Anti-Bribery Legislation
The University of Richmond’s Journal of Global Law & Business is proud to announce its annual Corruption Issue. In this series of posts, each co-authored by a UR law student and Professor Andy Spalding, we’ll introduce this year’s articles and invite submissions for next year’s issue.… Continue Reading