Prosecutors in Tokyo said Tuesday they’re charging three former top executives of a local company for alleged bribery involving railway projects in Vietnam that received Official Development Assistance (ODA).… Continue Reading
Japan has not done enough to combat money laundering, an international watchdog said on Friday, urging the government to adopt measures such as legislation that criminalizes terrorist financing.
The Financial Action Task Force (FATF) in Paris referred to its 2008 report on Japan, which highlighted deficiencies such as a lack of internal controls among financial institutions to prevent and detect illicit money transfers, Reuters reported on Saturday.… Continue Reading
The Group of 20 members represent around 85 per cent of the world’s gross domestic product, over 75 per cent of global trade, and two-thirds of the world’s population.
A group of Japanese lawyers is setting up a rating service to evaluate investigations on corporate scandals, hoping to move Japanese companies away from the third-party panels they typically hire and that appear to lack objectivity.… Continue Reading
Job Title: Senior Manager, Global Anti-Corruption
Employer: American Express
This position will join the Compliance & Ethics team responsible for the day to day management, development, growth and maintenance of American Express’s Global Anti-Corruption Program.… Continue Reading
Company Involved: Deutsche Bank AG
Industry: Banking and securities
Individuals: Shigeru Echigo, a director of Deutsche Securities Inc. and a former Mitsui pension executive, Yutaka Tsurisawa
Enforcement Action: Arrests
Shigeru Echigo, 36, a director of Deutsche Bank AG’s Japanese brokerage unit and its pension solution sales department was arrested Thursday on suspicion of bribery.… Continue Reading
Park-Ohio Industries Inc. said on Thursday that a third-party payment on its behalf to tax authorities may have violated the Foreign Corrupt Practices Act.
The subsidiary of Park-Ohio Holdings Corp. said in its latest quarterly filing with the Securities and Exchange Commission that it received a subpoena from the SEC in August.… Continue Reading
A senior executive from a major parts supplier of Toyota has been arrested in Japan for violating that country’s Unfair Competition Prevention Law.
Takehisa Terada, former senior managing director with Futaba Industrial Co.… Continue Reading
Qualcomm said this week it has stepped up a review of its FCPA compliance, while the DOJ and SEC continue to investigate the company.
San Diego-based Qualcomm hasn’t identified what business units or countries are involved or the amounts of any alleged sensitive payments.… Continue Reading