The DOJ unsealed a criminal complaint Monday charging the head of a Hong Kong-based NGO and the former foreign minister of Senegal with bribing high-level officials in Chad and Uganda to help a Chinese oil and gas company.… Continue Reading
When Jimmy Carter signed the Foreign Corrupt Practices Act into law in December 1977, it couldn’t have been further from my mind. Had it entered my consciousness at all — which it likely didn’t — it would have been crowded out by Luke Skywalker, Chewbacca and Darth Vader.… Continue Reading
The Treasury Department’s Financial Crimes Enforcement Network fined one of California’s biggest and oldest card clubs $8 million for willfully violating U.S. anti-money laundering laws.
FinCEN imposed the civil penalty on Artichoke Joe’s.… Continue Reading
Ethical violations in general are underreported, and sexual assault yet even more so. Various studies estimate that 40 percent to 60 percent of observed misconduct is never reported.… Continue Reading
KVB Kunlun Financial Group in Hong Kong announced that its current CEO will assume the additional role of compliance officer.
CEO Liu Stefan is replacing Ng Chee Hung Frederick as compliance officer.… Continue Reading