ICBC Standard Bank agreed to pay about $33 million in penalties and enter into a deferred prosecution agreement for failing to prevent overseas corruption, the UK Serious Fraud Office said Monday.… Continue Reading
The SEC’s office of the whistleblower awards money to individuals who provide tips that lead to successful enforcement actions where recoveries are more than $1 million.
Money for whistleblower awards comes from the SEC’s Investor Protection Fund, which is funded through disgorgement and penalties.… Continue Reading
The UK Financial Conduct Authority fined Barclays Bank £72 million ($108 million) Thursday for rushing to serve rich politically exposed persons and keeping their deal secret.
Barclays arranged a transaction worth $3 billion for ultra-high net worth clients in 2011 and 2012.… Continue Reading
Last month, the Scottish Court of Session Outer House delivered a decision that illustrates the pitfalls that await executive shareholders implicated in commercial bribery.
The case concerned whether or not the affairs of a transport and liquid freighting company were being carried on in an unfairly prejudicial manner to the interests of the former chief executive and associated shareholders. … Continue Reading
Technology firm PTC Inc. said in a securities filing Monday it has reserved $28.2 million for a possible settlement with the DOJ and SEC of apparent FCPA offenses in China.
PTC said it has reached agreement in principle to settle the fed’s investigation into “expenditures [in China], including for travel and entertainment, that apparently benefited employees of customers regarded as state owned enterprises in China.”… Continue Reading
We love soppy displays of gratitude. Soppy, in our book, means hopeful and authentic. So bring it on.
Here’s a Thanksgiving scene from the Blind Side. It’s plenty soppy, in all the right ways.… Continue Reading
It surveyed more than 200 compliance professionals across a range of global businesses.… Continue Reading
Transparency International released a report Monday calling for a radical overhaul of the UK’s anti-money laundering system.
The report said the current system of anti-money laundering supervision in the UK is “woefully inadequate and structurally unsound” and is letting billions in corrupt funds flow into the country.… Continue Reading
Job Title: Senior Compliance Analyst
Employer: Smith & Wesson
Location: Springfield, Massachusetts USA
The Compliance Analyst is responsible for providing day-to-day support to continuously improve Smith & Wesson’s compliance program.… Continue Reading
The United States and United Kingdom recently published comprehensive money laundering risk assessments through the UK’s National Risk Assessment and the U.S.’s National Money Laundering Risk Assessment.
The Prosperity Index ranks 142 countries in terms of wealth and wellbeing.
The London-based Legatum Institute produces the Prosperity Index by ranking countries using eight sub-indexes: economy, entrepreneurship and opportunity, governance, education, health, safety and security, personal freedom, and social capital.… Continue Reading
Forty percent of the respondents felt highly or moderately vulnerable to corruption and bribery.… Continue Reading