SFO fines FH Bertling $1 million for freight contract bribes
Harry Cassin
June 3, 2019
No Comments
The UK Serious Fraud Office fined FH Bertling Ltd £850,000 ($1 million) Monday for bribes to secure contracts in Angola.
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Harry Cassin
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Senior Editor
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Senior Editor
Richard L. Cassin
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Julie DiMauro
Contributing Editor
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Contributing Editor
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Contributing Editor
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Search Results for: – Page 86
SEC awards joint whistleblowers $3 million
Richard L. Cassin
June 3, 2019
No Comments
The Securities and Exchange Commission awarded two whistleblowers $3 million Monday for providing a tip that led to a “successful enforcement action involving an alleged securities law violation that impacted retail investors.”
Job: Chief Compliance Officer
The FCPA Blog
June 3, 2019
No Comments
Job Title: Chief Compliance Officer
Employer: Kabbage Inc.
Location: Atlanta, Georgia USA
Does FCPA guilty plea signal new trouble for Citgo?
Thomas Fox
June 3, 2019
No Comments
Last week Dick Cassin reported on the FCPA Blog yet another guilty plea in the ever ongoing PDVSA corruption scandal. As Cassin noted, “Jose Manuel Gonzalez Testino (Gonzalez), 49, of Miami, Florida, pleaded guilty in federal court in Houston to one count of conspiracy to violate the Foreign Corrupt Practices Act, one count of violating the FCPA, and one count of failing to report foreign bank accounts.”
Wanted: Third-party management that’s truly ‘preventive’
Sviatlana Pisaryk
May 31, 2019
2 Comments
Around 90 percent of all FCPA enforcement actions involve third-party intermediaries. So it’s no wonder the DOJ’s updated guidance for evaluating corporate compliance programs devotes an entire section to “Third-Party Management.”
Businessman admits FCPA offenses in Citgo bribe case
Richard L. Cassin
May 30, 2019
No Comments
An executive who controlled several U.S.-based companies pleaded guilty Wednesday to bribing officials at subsidiaries of Venezuela’s state energy company.
World Bank debars units of French water treatment company
Harry Cassin
May 29, 2019
No Comments
The World Bank Wednesday debarred two subsidiaries of Paris-based Veolia Water Technologies for “fraudulent and collusive practices” involving a project in Colombia.
When it comes to AML, doing better means seeing better
Elsa Chan
May 29, 2019
1 Comment
Once again, AML failures are shaking up the headlines. If the Danske Bank scandal wasn’t enough, at the beginning of March, the Organized Crime and Corruption Reporting Project showed how a series of offshore shell companies were used to move billions of dollars of private wealth from Russia to the West. Named the Troika Laundromat, after the Russian investment bank it was allegedly operated by, the scandal rocked the banking world.
Job: Manager, Collective Action
The FCPA Blog
May 28, 2019
No Comments
Job Title: Manager, Collective Action
Employer: BSR
Location: Copenhagen, Denmark
SCOTUS News: Limits on immunity for Multilateral Development Banks should spur increased anti-corruption efforts
Michael H. Huneke and Ayoka Akinosi
May 28, 2019
No Comments
Earlier this year, the U.S. Supreme Court held that the protections in the International Organizations Immunities Act of 1945 (IOIA) against civil lawsuits in U.S. courts were not absolute. Instead, the immunity provided to international organizations — including Multilateral Development Banks (MDBs) — was no greater than the immunity enjoyed by foreign governments under the Foreign Sovereign Immunities Act.