The UK Serious Fraud Office said Thursday it has opened a criminal investigation into Chemring Group PLC and a subsidiary for bribery, corruption, and money laundering.
In November last year the Shenzhen Institute of Standards and Technology awarded the first ISO 37001 Anti-Bribery Management System certificate in China, an important milestone in the country’s persistent fight against corruption.… Continue Reading
2017 proved to be a blockbuster year for the FCPA and anti-bribery and corruption (ABC) enforcement at large.
From sustained record levels of enforcement (some 11 penalties levied, totaling $1.92 billion; the second largest year on record) to significant developments via the newly announced FCPA Corporate Enforcement Policy by the Department of Justice in late November, businesses are on notice that this remains a significant regulatory priority.… Continue Reading
An ombudsman for the Financial Conduct Authority said the agency should apologize to a former Royal Bank of Scotland employee after it revealed his name during a whistleblower investigation in 2013.… Continue Reading
Jorge and Basch: Argentina introduces deferred prosecution agreements, standards for compliance programs
In the prior post, we talked about the new law in Argentina that will enter into force in March 2018 that creates corporate liability for bribery. The post covered the coverage and application of the new law, which offenses trigger corporate liability, standards of liability, and defenses.… Continue Reading
The Office of the Israel’s Tax and Economic Prosecutor announced Monday that it has reached a Conditional Agreement with Teva Pharmaceuticals Industries Ltd. with respect to the bribery issues Teva resolved with U.S.… Continue Reading
Employer: NeoGenomics Laboratories
Location: Fort Myers, Florida USA
Description: The Director of Compliance & Ethics will assist the Compliance Officer with the development, implementation, strategy, management , and oversight of the organization’s global Compliance & Ethics Program.… Continue Reading
A former co-president of a Maryland-based company that transports nuclear materials to customers in the United States and abroad was charged with bribing an official connected to Russia’s State Atomic Energy Corporation.… Continue Reading
The arrest of Hong Kong’s former home secretary, Patrick Ho, and a co-defendant for allegedly bribing Africa officials on behalf of a Chinese energy company, has triggered accusations that America uses FCPA enforcement to promote a political agenda.… Continue Reading
What is the cost of a corruption scandal? It has been known for some time that such costs could include investigative and remediation costs, any fine or penalty and post-resolution costs such as those to deal with a monitorship or ongoing remediation.… Continue Reading
Since 2001, private Italian companies have been encouraged — through legislative initiatives — to adopt and implement robust compliance programs. Legislative Decree No. 231 of June 8, 2001 (commonly referred to as “Law 231”) allows private companies that chose to adopt specific compliance programs and mechanisms to avoid corporate liability where certain offenses are committed in the interest of the corporation by its directors or employees. … Continue Reading