Faro Technologies Inc. confirmed that it has resolved Foreign Corrupt Practices Act offenses with the Department of Justice and the Securities and Exchange Commission. The DOJ settlement requires payment of a $1.1 million criminal penalty and entry into a two-year non-prosecution agreement with appointment of a compliance monitor. In settling with the SEC, Faro […]
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Image courtesy of United Technologies CorporationUnited Technologies Corporation said Friday it received a second subpoena from the Securities and Exchange Commission that seeks information about potential payments by an agent in China that might have violated the Foreign Corrupt Practices […]
Image courtesy of FMC TechnologiesFMC Technologies received “an inquiry” from the Justice Department as part an investigation into whether services Unaoil provided to clients, including FMC, violated the Foreign Corrupt Practices […]
The Securities and Exchange Commission filed a settled enforcement action Friday against Oscar H. Meza, the former sales director in Asia for Faro Technologies, Inc. Florida-based Faro designs, develops, and markets software and portable computerized measurement devices. The SEC’s civil complaint alleged that Meza “authorized bribery payments to employees of Chinese state-owned companies in order […]
United Technologies Corporation agreed Wednesday to pay the SEC $13.9 million to resolve charges that it violated the FCPA by making illicit payments in its elevator and aircraft engine […]
Faro Technologies, Inc.’s third quarter disclosure describes a not-yet-effective deferred or non-prosecution agreement with the U.S. Department of Justice and the Securities and Exchange Commission. In March 2006, Florida-based Faro — which designs, develops, and markets software and portable, computerized measurement devices — self-disclosed to prosecutors potential violations in China of the U.S. Foreign Corrupt […]
United Technologies and two subsidiaries will pay more than $75 million in a global settlement with the Justice Department and the State Department.
Agilent Technologies said in a securities filing Monday that a year-long FCPA investigation into sales practices in China by third-party intermediaries and company employees ended this month, with both the SEC and DOJ saying they wouldn’t bring an enforcement […]
to avoid becoming obsolete in the future.
[…] source or best practice considered both sufficient and cost-effective for due diligence, I personally think that the answer has to lie in the modernization of due diligence technologies to incorporate cognitive computing.
Aggregation technologies (that bring back all of the content into one place) have been around for a long time. They can result in […]