While we all deal with challenging new work environments as a response to the Covid-19 outbreak, the values of every company are being tested. Corporations need to drive strong cultural messages to enable all stakeholders to uphold the company values.… Continue Reading
The media has been busy reporting on investigation and enforcement news surrounding the elections across several states in India. These reports have a clear impact on actions compliance officers can and should take.… Continue Reading
Both houses of India’s parliament adopted amendments to the country’s main anti-corruption legislation that expand the definition of bribery and who’s subject to the law.
Despite a sustained campaign against corruption, including the radical step in late 2016 of taking all existing Indian currency notes of rupee 500 and 1,000 denominations out of circulation, the perception continues that India is a corrupt nation, plagued by never-ending waves of large-scale scams, systematic frauds, and chronic money laundering, all presided over by individuals with political connections.… Continue Reading
Prime Minister Narendra Modi demonetized all existing Indian currency notes of rupee 500 and 1,000 denominations in November last year, triggering a cash crunch, factory shut downs, unpaid wages, unrecovered debts, and never ending lines at ATMs. … Continue Reading
Cognizant Technology Solutions Corporation said in an SEC filing Friday it is conducting an internal investigation whether certain payments relating to facilities in India were made improperly and in possible violation of the FCPA and other applicable laws.… Continue Reading
Delhi recently started enforcing new traffic regulations to reduce pollution levels. In October 2015, the city — properly the National Capital Territory, where 10 million people live — imposed a Green Tax on vehicles. … Continue Reading
The SEC’s office of the whistleblower awards money to individuals who provide tips that lead to successful enforcement actions where recoveries are more than $1 million.
Money for whistleblower awards comes from the SEC’s Investor Protection Fund, which is funded through disgorgement and penalties.… Continue Reading