We conducted research on 30 corporate corruption FCPA cases resulting from SEC investigations and sanctions over the last 15 years. The aim of this research was to uncover what negative features these organizations have in their cultures.… Continue Reading
Job Title: VP Compliance
Employer: First Data
Location: Jersey City, New Jersey, United States
First Data is a global leader in commerce-enabling technology solutions, serving more than six million business locations and 4,000 financial institutions in 118 countries around the world.… Continue Reading
In Holyoake v Candy, a recent decision of the Chancery Division of the High Court of England and Wales, the court considered an application for a “notification injunction.”
Instead of preventing the Candy brothers from transferring assets outright, the proposed notification injunction required the Candy brothers to notify Holyoake within three days of transferring assets.… Continue Reading
The law firm at the center of the Panama Papers leak may have helped facilitate an alleged multi-million corruption scheme tied to Sonatrach contracts won by Saipem.
The International Consortium of Investigative Journalists said Mossack Fonesca helped Farid Bedjaoui create a Swiss bank account that was used to purchase “shelf” companies in the Caribbean. … Continue Reading
A post this week by Frank Brown talked about spreading compliance to supply chains in high-risk jurisdictions. It’s a challenge without easy answers.
How do we overcome cultural differences and integrate local companies into supply-chain compliance programs without ruining relationships and busting everyone’s budget. … Continue Reading
Job Title: Manager, Compliance
Location: Newark, New Jersey, United States
Prudential Investments LLC’s (“Prudential Investments” or “PI”) compliance department is seeking an experienced compliance professional to implement a compliance program for a large investment adviser.… Continue Reading
France is the latest nation to join the anti-corruption fray, working to finalize a new law to fight corruption, foster transparency and modernize economic activity.
The proposed law — Sapin II — has eight main articles focused on the prevention of corruption and additional protections for whistleblowers, among other topics.… Continue Reading
LATAM Airlines Group S.A., a commercial airline company based in Chile, agreed to pay more than $22 million to the DOJ and SEC Monday to resolve FCPA offenses for bribing union officials in Argentina.… Continue Reading
Local firms in emerging markets are often highly attractive to multinationals looking for new suppliers and partners. Those local firms, many of them mid-sized, see joining a global value chain as a key step for survival.… Continue Reading
We discussed in the two prior posts (here and here) the two laws that Brazil enacted in 2011 to make government more accountable, transparent, and efficient. But readers may recall the major public protests that erupted in Brazil in 2013.… Continue Reading