Last week produced the clearest evidence yet that global companies are shifting production away from China. Kearny’s annual Reshoring Index showed a “dramatic reversal” in the amount of manufactured goods U.S.… Continue Reading
India is currently in a 21-day national lockdown, which has impaired the ability of compliance professionals in carrying out investigations. While we are all trying to balance work and life practicing social distancing, whistleblower hotlines have been buzzing.… Continue Reading
While we all deal with challenging new work environments as a response to the Covid-19 outbreak, the values of every company are being tested. Corporations need to drive strong cultural messages to enable all stakeholders to uphold the company values.… Continue Reading
Millions of documents leaked from a corporate services firm with a posh London address are helping journalists unmask owners of secret offshore companies and the alleged criminal activities of some of those owners.… Continue Reading
A new report recently published by The Ethics and Compliance Initiative (ECI), the 2019 Global Business Ethics Survey, addresses the state of E&C programs across ten countries — USA, Brazil, UK, Spain, France, Italy, Germany, Russia, India, and China.… Continue Reading
Walmart Inc. agreed Thursday to pay the DOJ and SEC $282 million to settle allegations that it violated the Foreign Corrupt Practices by paying an intermediary in Brazil for help obtaining construction permits and having weak anti-corruption internal controls in Brazil, China, India, and Mexico.… Continue Reading
Uber Technologies, Inc. said Thursday the U.S. Department of Justice is investigating possible FCPA violations related to its activity in Asia.
According to Uber’s S-1 filing, the DOJ is investigating potential bribes in countries including Indonesia, Malaysia, China, and India. … Continue Reading
With the recent release of Transparency International’s Corruption Perceptions Index for 2018, this is a good time to assess India’s anti-corruption performance in recent years.
In 2018 India rose by three places to 78 on the list of 180 countries, while China ranked 87 and Pakistan 117.… Continue Reading
Cognizant Technology Solutions Corporation agreed to pay $25 million to settle FCPA charges with the SEC, and two of the company’s former executives were charged Friday by the DOJ for paying bribes to an Indian government official.… Continue Reading
The media has been busy reporting on investigation and enforcement news surrounding the elections across several states in India. These reports have a clear impact on actions compliance officers can and should take.… Continue Reading
A little-noticed nugget in the recent Stryker SEC Order (Stryker II) — in addition to overbilling, kickbacks, and using unvetted intermediaries in India and China — was the allegation that Stryker’s “Kuwait Distributor made over $32,000 in improper ‘per diem’ payments to Kuwaiti [healthcare providers] to attend Stryker events, when Stryker had directly paid the costs for lodging, meals, and local transportation for these individuals.” … Continue Reading