A China subsidiary of Avon Products Inc. pleaded guilty Wednesday in federal court in Manhattan to one count of conspiring to violate the Foreign Corrupt Practices Act. It will pay a $67.7 million criminal fine and the Avon parent will enter into a three-year deferred prosecution and appoint a compliance monitor.… Continue Reading
An oil and gas services firm based in Scotland was fined £170,000 ($267,000) after admitting that a former Kazakhstan-based employee paid bribes to win work.
Ian Foxley was six months into his new job overseeing a $3.5 billion supply contract between the UK Ministry of Defense (MoD) and Saudi Arabia’s National Guard, when he noticed that a procurement document requiring his signature included $2.5 million in strange, additional charges.… Continue Reading
Kenyan authorities arrested 77 Chinese nationals for allegedly operating a cybercrime command center capable of disrupting the country’s communication and financial systems.
Police raided a rented house in Nairobi after a fire broke out there and found “sophisticated” hacking and communications equipment, the Nation reported.… Continue Reading