Barclays PLC paid the SEC $6.3 million Friday to settle FCPA offenses related to the hiring of relatives of public officials in Asia.
The British bank disgorged $3.8 million and paid a $1.5 million penalty to the SEC, plus pre-judgment interest of $984,000.… Continue Reading
In December 2012, a payment processing company based in Johannesburg called Net 1 UEPS Technologies, Inc. disclosed some bad news. The DOJ and SEC had launched FCPA investigations.
The feds wanted to know if Net1 paid bribes to win a contract from the South Africa Social Security Agency (SASSA).… Continue Reading
Barclays chief executive Jes Staley was fined £642,430 ($871,000) by UK regulators Friday for trying to identify an anonymous whistleblower who made allegations about Staley’s role in recruiting another employee.
The case of Barclays chief Jes Staley attempting to unmask an anonymous whistleblower came to an almost imperceptible and silent ending recently when the UK’s Financial Conduct Authority concluded that Staley’s actions were not done intentionally but apparently with some other, lesser standard.… Continue Reading
Two recent stories involving whistleblowers demonstrated the extremes in company responses.
Trust Across America’s focus has always been on finding and highlighting the “best in breed” corporate citizens while leaving the worst for the scrutiny of others. But today is only Wednesday and my inbox is swamped with so many trust busting stories that my head is spinning.… Continue Reading
In the prior post, I looked at the presence of women in compliance roles in the United States and abroad. In this post, I’m looking at how women in compliance can be a catalyst for more diversity in organizations.… Continue Reading
At Pinsent Masons regulatory conference in London a few weeks ago, David Green, the chief of the UK Serious Fraud Office, talked about how many known frauds happen on his turf.… Continue Reading
In my prior post on Collective Action, I wrote about the importance of voluntary codes of conduct and concluded that in an era of weak regulation, corporate behaviour would have been significantly worse over the last decades without them.… Continue Reading
Royal Bank of Scotland received immunity from a €110 million ($146 million) fine after telling the European Commission’s competition watchdog it had tried to fix Swiss franc interest rates with JP Morgan.… Continue Reading
The U.S. Attorney in Manhattan is investigating Germany’s Commerzbank AG for alleged violations of money-laundering laws, the Wall Street Journal reported Friday.