AB Volvo today entered into a consent agreement with the U.S. Securities and Exchange Commission and a deferred prosecution agreement with the Department of Justice to resolve Foreign Corrupt Practices Act violations in Iraq caused by two subsidiaries under the U.N. Oil for Food Program. The settlements include financial penalties, disgorgement and interest of […]
Search Results for: label/AB Volvo
The EU Whistleblower Protection Directive sets out minimum standards for how organizations should handle whistleblowers’ reports, respond to these reports, and protect the whistleblowers. Because Member States are obligated to adopt this Directive into their national legislation by December 17, 2021, organizations should already ensure that their whistleblowing strategy is compliant with the Directive — while […]
[…] blog editor since Peter Henning placed himself on well-deserved blog editor emeritus status — discusses some of the obligations imposed by the Department of Justice on AB Volvo and its two subsidiaries in their deferred prosecution agreement here. Those companies recently resolved Foreign Corrupt Practices Act violations that arose under the U.N. Oil for […]
Job Title: Head of Compliance & Ethics: Americas Employer: Volvo Car Corporation Location: Mahwah, New Jersey USA Description: Looking for engaged and forward-thinking lawyer with a background within the Compliance & Ethics area, in particular privacy and anti-corruption, to lead the Compliance & Ethics program in the Americas Region. Volvo Cars’ Compliance & Ethics […]
Job Title: Compliance Officer
Company: Bilfinger SE
Location: Mannheim, Germany
The Compliance Officer will lead efforts to promote compliance at all levels of Bilfinger and contribute to the continuous improvement of the compliance program and the underlying elements. She/he will support the business to implement and apply compliance-related policies, controls and procedures. The position holder will report to the Chief Compliance Officer and will be part of the global Compliance Leadership Team.
The last time it happened, North America was still deep in winter. On February 22nd, Flowserve agreed to appoint a monitor under a deferred prosecution agreement with the Department of Justice. Since then, just one corporate FCPA case is known to have settled. AB Volvo’s agreement with the DOJ was announced on March 22nd. But […]
Tungsten, courtesy of Enough Project via YouTubeAn appellate court Monday struck down part of the conflict-minerals rule, leaving SEC-reporting companies wondering what disclosures to include in their conflict minerals reports due on May 31.
[…] No. 08-cr-00378 (D.D.C. 2008); U.S. v. Iveco S.p.A., No. 08-cr-00377 (D.D.C. 2008); U.S. Sec. & Exch. Comm’n v. Fiat S.p.A., No. 08-cv-02211 (D.D.C. 2008) (here) U.S. v. Volvo Constr. Equip., AB, No. 08-cr-00069 (D.D.C. 2008); U.S. v. Renault Trucks SAS, No. 08-cr-00068 (D.D.C. 2008); U.S. Sec. & Exch. Comm’n v. AB Volvo, No. 08-cv-00473 […]
For those who missed any of the FCPA enforcement news during the recent hyper-active stretch, here’s what happened: July 28 — Label-maker Avery Dennison Corporation resolved civil and administrative charges brought by the Securities and Exchange Commission. The SEC filed settled enforcement actions in the United States District Court for the Central District of California […]