I had a simple (and unoriginal) thought years ago that has helped me understand why compliance can be so difficult. My thought was that people will do whatever they’re paid to do.… Continue Reading
2015 continued the trend of FCPA enforcement actions brought by the SEC with no parallel DOJ enforcement action. As you might expect, these SEC enforcement actions turned on violations of the FCPA accounting provision, either the books and records or the internal controls provisions.… Continue Reading
The African Development Bank Group said Wednesday it reached a settlement with Hitachi Ltd. that includes a one-year debarment for sanctionable practices by Hitachi subsidiaries on an AfDB-financed power project in South Africa.… Continue Reading
The Securities and Exchange Commission Monday charged Tokyo-based conglomerate Hitachi, Ltd. with violating the Foreign Corrupt Practices Act when it inaccurately recorded improper payments to South Africa’s ruling political party in connection with contracts to build two multi-billion dollar power plants.… Continue Reading
Companies increasingly understand the importance of strong vendor-compliance programs, but costly enforcement actions stemming from supply-chain mismanagement remain.
Two experts have a few training, monitoring and evaluating tips to share with us.… Continue Reading