Target, Sony, JP Morgan Chase, Home Depot, Neiman Marcus, Anthem and others have already reported significant security breaches. So it’s not surprising that the federal government and states are becoming increasingly aware of the need for strong data protection laws and their enforcement.… Continue Reading
The Securities and Exchange Commission Wednesday charged national audit firm BDO USA with ignoring multiple red flags and issuing false and misleading unqualified audit opinions for staffing services company General Employment Enterprises.… Continue Reading
Do motives matter for assessing the legitimacy of whistleblower allegations? This issue is currently subject to debate in Canada as the Ontario Securities Commission (OSC) and Canada Revenue Agency (CRA) are respectively considering and testing reward-based schemes for whistleblowers.… Continue Reading
My two-part series for the FCPA Blog on Beyond Compliance elicited some thoughtful reader feedback. While the comments were as diverse as the professional perspectives of the writers, a few themes surfaced.… Continue Reading
Starting in January, it was widely reported that the SEC had upped its FCPA scrutiny of private equity funds required to register as investment advisers under Dodd-Frank, with requests for information being issued to a number of funds in connection with their courting of sovereign wealth funds. … Continue Reading
The director of the UK Serious Fraud Office spoke Monday at the annual Cambridge Economic Crime Symposium at Jesus College.
One question David Green answered is why SFO cases take so long to conclude.… Continue Reading
The Treasury Department’s Financial Crimes Enforcement Network said Tuesday that the owner of Caesars Palace casino in Las Vegas will pay an $8 million civil penalty for “willful and repeated violations” of the anti money-laundering provisions of the Bank Secrecy Act.… Continue Reading
The report (available here in pdf) amplifies the growing bribery and corruption risks that third parties present and the challenges companies face in monitoring these intermediaries.… Continue Reading
The United States Court of Appeals for the Third Circuit unanimously affirmed the Federal Trade Commission’s authority to bring legal action against companies that fail to employ reasonable cybersecurity measures to protect non-public consumer data.… Continue Reading
There is ample evidence suggesting that retaliation against whistleblowers is common, even in countries with elaborate whistleblower protections.
For instance, the 2013 National Business Ethics Survey (NBES) reveals that 21 percent of United States workers who reported misconduct said they experienced reprisals, down from 22 percent in 2011.… Continue Reading
On Sunday night the mayor of the Romanian capital of Bucharest, Sorin Oprescu, was arrested for taking a bribe of €25,000 ($28,000). His preventive detention will last thirty days.
Oprescu, 63, pictured left, is serving his second term as Bucharest mayor.… Continue Reading
Here’s a five-minute clip from Afra Raymond, the fearless anti-graft campaigner from Trinidad & Tobago.
He’s talking about the collapse of CL Financial and one of the biggest bailouts ever of a private company with public funds in the Caribbean.… Continue Reading