Last month, UK Prime Minister David Cameron talked about plans to create a publicly accessible registry of information on the beneficial ownership of companies. This registry will be open to everyone, not just law enforcement authorities, he said.… Continue Reading
All posts by Julie DiMauro
The SEC announced an award of over $150,000 to an unnamed whistleblower whose tips helped the agency stop a scheme that was defrauding investors.
The case didn’t involve violations of the Foreign Corrupt Practices Act, which are also elegible for whistleblower rewards.… Continue Reading
The FCPA Blog posed this question to the DOJ and FBI’s public affairs’ offices Wednesday: Has the FCPA Unit at the FBI been disbanded? In response, Christopher Allen in the FBI’s Public Affairs Office said: “The FBI’s investigations are managed through the International Corruption Unit, and that unit is absolutely not being disbanded.”… Continue Reading
DOJ has opened a criminal bribery investigation into the nonprofit, National Geographic Society, and the details are worthy of another Indiana Jones movie or an Egypt-based episode of the Bones TV show.… Continue Reading
Social media can be used to help disseminate information about a compliance program and to promote the program’s virtues. But some think using social media for anything related to compliance it still too risky.… Continue Reading
The U.S. government has barred Singapore-based Glenn Defence Marine Asia Ltd. (GDMA) from new contracts following a U.S. Navy bribery scandal that named Glenn and its chief executive, Leonard Glenn Francis.… Continue Reading
A federal lawsuit by the compliance officer for Siemens’ healthcare business in China who said he was fired for internally reporting FCPA violations was dismissed Monday. The U.S. District Court in New York said the anti-retaliation provisions of the Dodd-Frank Act don’t apply outside the United States.… Continue Reading
The U.S. Federal Reserve said last week it was requiring Commerzbank AG in Germany and its New York branch to improve compliance with federal and state anti-money laundering (AML) laws.
The Fed action didn’t involve allegations of corruption or specific charges.… Continue Reading
Corporate compliance programs are no longer classified as “nice to have,” nor are they mere responses to allegations of wrongdoing. Some companies are going beyond mentioning how they have cleared their names with regulators after an investigation; they’re actively promoting the components of an effective strategy.… Continue Reading