Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
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 […]
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 […]
[…] 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 […]
Health care giant Johnson & Johnson will pay more than $2.2 billion to resolve criminal and civil claims arising from allegations of kickbacks to U.S. doctors and improper marketing claims about three of its prescription drugs.
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 […]
Job Title: Compliance Officer
Company: Bilfinger SE
Location: Mannheim, Germany
Tasks
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.
[…] 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 […]
[…] of those named have already faced enforcement actions for violating the U.N. regulations or U.S. law, including the Foreign Corrupt Practices Act. Among them are ABB, AB Volvo, Flowserve, Akzo Nobel, Chevron, Siemens, Ingersoll-Rand, York International, Oscar Wyatt, El Paso and Textron. There’s no private right of action under the Foreign Corrupt Practices Act. […]
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 […]
[…] bribery also led to investigations by public prosecutors in Munich against former executive board members. The proceedings against former CEO Håkan Samuelsson, who is now CEO of Volvo Cars, were terminated with no formal accusation under the condition of the payment of €500,000 ($690,000) to charity. And Anton Weinmann was found guilty of aiding […]
