A U.S. appeals court affirmed a RICO judgment against American attorney Steven Donziger after he sued Chevron in Ecuador on behalf of indigenous tribes, claiming they were harmed by decades of environmental pollution.… Continue Reading
The Securities and Exchange Commission Wednesday said an Atlanta-based building products distributor violated securities laws by using severance agreements that required departing employees to waive their rights to recover money from any whistleblower claims they filed with the SEC or other federal agencies.… Continue Reading
The Queen’s former deputy property manager was convicted Tuesday of taking bribes and kickbacks to award contracts and push for a Royal Warrant.
Ronald Harper, 63, a senior member of the Royal Household staff, was convicted at Southwark Crown Court in London of conspiracy to take corrupt payments.… Continue Reading
Zimmer Biomet Holdings Inc. said in a securities filing Monday “it is probable that Biomet will incur additional liabilities related to” DOJ and SEC investigations of FCPA violations that occurred after Biomet’s FCPA settlement in 2012 and during its deferred prosecution agreement.… Continue Reading
South Korea has adopted the Foreign Bribery Prevention in International Business Transactions Act (FBPA), pursuant to its adherence to the Organization for Economic Co-operation and Development (OECD) Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.… Continue Reading
Two international experts appointed by the Panama government to investigate the use of anonymous offshore companies to evade taxes and hide assets quit Friday because of government interference.
Professor Mark Pieth, chair of the Basel (Switzerland) Institute on Governance, told the BBC he resigned from the Panama Papers commission after the government said it would pre-approve all findings.… Continue Reading
The Financial Industry Regulatory Authority (FINRA) Monday fined Deutsche Bank Securities Inc. $12.5 million for sending out internal alerts that might contain confidential information traders and their customers could use.
The internal alerts are called hoots and squawks.… Continue Reading
The UK Serious Fraud Office said Monday it has opened a criminal investigation into allegations of fraud, bribery, and corruption in the civil aviation business of Airbus Group.
The SFO issued a short statement saying “the allegations relate to irregularities concerning third party consultants.”… Continue Reading
Martin Kenney and I wrote a post for the FCPA Blog recently called “How, then, do we stop the fraudsters among us?”. The post is structured as a conversation between us regarding psychodynamic and other non-conventional approaches to compliance and fraud.… Continue Reading
The Olympic Movement, and the global anti-corruption movement, each manifest a common aspiration. Springing from the same place in the human mind, they imagine the same alternative world, and then seek to build it.… Continue Reading
The U.S. Commodity Futures Trading Commission (CFTC) announced an award of about $50,000 to a whistleblower for original information that led to a successful CFTC enforcement action.
The award is the fourth under the CFTC’s whistleblower program and the smallest award so far.… Continue Reading