Chinese New Year began February 5 and kicked off the Year of the Pig. In China, employees begin a mass migration out of the large cities and back to their hometowns to visit family, relatives, and long-time friends.… Continue Reading
Companies that make and sell consumer products — toothpaste, smart phones, cars, movies, food, medicines, golf clubs, cosmetics, whiskey, shoes, jewelry, and so on — spend billions of dollars promoting their goods.… Continue Reading
In the prior post, we talked about anti-corruption enforcement actions and investigations involving real estate. Now let’s look at real estate-related compliance.
A strong compliance program can help an investor detect and avoid a high-risk transaction, or at a minimum ensure that the investor avoids liability for conduct of a rogue third party.… Continue Reading
Authorities are investigating a senior executive at Dongfeng Motor Co Ltd, a joint venture between China’s state-owned Dongfeng Motor Corporation and Japanese carmaker Nissan Motor Co.
Ren Yong, assistant general manager of Dongfeng and vice president of the joint venture, has been removed from his posts and is now being investigated for alleged disciplinary violations.… Continue Reading
Police are investigating an alleged money laundering operation at Cash for Gift Card stores in Denver, Colorado Springs and Pueblo.
The stores pay cash for gift cards.
According to court documents, police think some of the cards were acquired by thieves who stole goods from Wal-Mart, Home Depot, Lowes, and other retailers, and then “returned” the goods in exchange for gift cards from the retailers.… Continue Reading