In June this year, the Market Supervision Commission of the Shenzhen Municipality published an instructive standard document named Anti-bribery Management System Shenzhen Standard to help companies and other organizations prevent bribery, and detect and deal with any bribery that does occur.… Continue Reading
Net 1 UEPS Technologies said in a securities filing Thursday that the DOJ has closed its investigation of possible violations of the Foreign Corrupt Practices Act.
Severin Wirz: Corruption scandals, threats of violence are backdrop to Kenya’s August presidential election
On August 8, Kenya’s 19.7 million registered voters will head to the polls in a much-anticipated general election. Although the country will vote on more than 1,800 offices across 47 counties, by far the most-watched seat is for the presidency. … Continue Reading
A federal jury in Manhattan Thursday found Macau billionaire Ng Lap Seng guilty of bribing two United Nations officials in exchange for help promoting development of a conference center.
Ng, 69, was convicted following a four-week trial.… Continue Reading
IBM said in an SEC filing that the DOJ and SEC have closed their FCPA investigations into transactions in Argentina, Bangladesh, Poland, and Ukraine.
The U.S. investigations started in early 2012 when IBM notified the SEC of a probe by the Polish Central Anti-Corruption Bureau.… Continue Reading
Halliburton Company paid the SEC $29.2 million in disgorgement and penalties Thursday for violating the FCPA’s books and records and internal accounting controls provisions.
The SEC said Halliburton gave business to a friend of an Angolan official.… Continue Reading
The subsidiary of a technology company that trades on the Singapore stock exchange paid $12 million in fines Thursday to the U.S. Treasury Department’s Office of Foreign Assets Control for violating trade sanctions against Iran.… Continue Reading
The curious case of Bosnia and Herzegovina’s government structure is a direct product of U.S. involvement in the Dayton Peace Agreement which ended the war there in 1995.
The Treasury Department’s Financial Crimes Enforcement Network assessed a $110 million civil penalty Wednesday against BTC-e for willfully violating U.S. anti-money laundering laws.
It was FinCEN’s first enforcement action against a foreign-located Money Services Business or MBS doing business in the United States.… Continue Reading
In April 2017, the United Kingdom enacted the Criminal Finances Act which has created substantial new scopes of liability for companies engaging in business abroad.
Section 13 of the CFA expands the scope of the Proceeds of Crime Act to cover the international commission of gross human rights abuses against whistleblowers and human rights activists.… Continue Reading
Newmont Mining Corporation said in an SEC filing Tuesday that the DOJ is closing its FCPA investigation of the company.
That ends the government investigation. Newmont disclosed earlier this year that it received a declination letter from the SEC for the same matter.… Continue Reading