Banking giant Credit Suisse Group AG said Wednesday it has agreed to pay a $47 million penalty to the Justice Department to end an FCPA investigation into hiring practices in Asia.… Continue Reading
It’s typical for issuers to warn about corruption risks in Russia and China, and parts of Africa. But Hong Kong?
So, does Legacy Education Alliance Inc. know something the rest of us don’t?… Continue Reading
While Hong Kong has generally been regarded as one of the least corrupt places in the world, with a rather clean government and disciplined services, the facts revealed in a recent corruption trial against two police officers and a businessman raised concerns about the wider integrity of the police department.… Continue Reading
The former Hong Kong home secretary indicted in the United States for allegedly bribing Africa officials on behalf of a Chinese energy company joined an anti-corruption NGO in Hong Kong last year.… Continue Reading
KVB Kunlun Financial Group in Hong Kong announced that its current CEO will assume the additional role of compliance officer.
CEO Liu Stefan is replacing Ng Chee Hung Frederick as compliance officer.… Continue Reading
Bhutan — the tiny Himalayan kingdom nestled between China and India — now writes an anti-corruption story unlike any I have seen, and in the best of ways.
Deliberately isolated from the outside world and its geopolitical machinations, Bhutan has declined to establish diplomatic relations with the United States, China, and Russia alike.… Continue Reading
The former Minister of Mines and Geology of the West African country of Guinea was arrested and charged Tuesday with laundering $8.5 million in bribes he allegedly took from a Chinese conglomerate in exchange for mining rights.… Continue Reading
JPMorgan Chase and a Hong Kong subsidiary agreed Thursday to pay $264.4 million to the DOJ, SEC, and Federal Reserve to resolve FCPA offenses for awarding prestigious jobs to relatives and friends of Chinese government officials to win banking deals.… Continue Reading
Regulators charged with enforcing anti-corruption, anti-money laundering, and economic sanctions laws and regulations have turned new attention to the real estate industry, and investigations and enforcement efforts span the globe.
Over recent years, U.S.… Continue Reading
I have never found a culture that truly endorses straight-up bribery. There may be no culture which actually teaches that a suitcase full of cash privately given to an official in exchange for a benefit to which the payor is not legally entitled is a good thing, one that we should not deter even if we could. … Continue Reading