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