A former United Parcel Service employee who alleged the company submitted false claims to the federal government for delivery of Next Day Air overnight packages will collect $3.75 million as part of a False Claims Act settlement, the DOJ said Tuesday.… Continue Reading
Part 1 of this series explained what fapiaos are and why they are used. Today, we examine the different types of receipts and fapiaos in China.
With the exception of small businesses in small cities, most businesses have cash registers and can issue a point-of-sale receipt (收据 or 小票) that would look familiar to someone outside of China. … Continue Reading
The concept of corporate culture — generally defined as “the way we do things around here” — isn’t a rigid paper process. It’s hard to measure, which explains why corporate culture has been largely neglected by regulators and the anti-corruption-consulting industry.… Continue Reading
In a securities filing this month, Bank of New York Mellon Corp. said it received a subpoena from the SEC asking about job offers to government officials and internships awarded to their family members.… Continue Reading