U.S. Attorney General Eric Holder was at NYU law school Wednesday, urging Congress to raise rewards for whistleblowers who report financial crimes.… Continue Reading
The Financial Action Task Force (FATF) identified jurisdictions that have strategic deficiencies in their anti-money laundering and financing of terrorism controls in a public statement Friday.
The FATF is a membership body that sets the global standards for anti-money laundering (AML) and financing of terrorism (FT) programs and controls.… Continue Reading
The former deputy governor of Austria’s central bank and eight other defendants went on trial Monday for allegedly bribing officials in Azerbaijan and Syria to win banknote contracts.… Continue Reading
Here’s what ATM-maker NCR Corporation said in its SEC filing (Form 8-K) this month about ongoing FCPA and OFAC investigations:
In 2012, NCR received anonymous allegations from a purported whistleblower regarding certain aspects of the Company’s business practices in China, the Middle East and Africa.… Continue Reading
It is that time of the year again. Transparency International released its 2013 Corruption Perceptions Index (CPI) today. The CPI, which is the most widely used indicator of corruption worldwide, measures the perceptions of public sector corruption.… Continue Reading
Weatherford International agreed Tuesday to pay $152.6 million to the DOJ and SEC for FCPA offenses in the Middle East and Africa and violation of the Iraq oil-for-food program.
The Switzerland-based company also paid $100 million for export controls violations under the International Emergency Economic Powers Act and the Trading with the Enemy Act.… Continue Reading
In response to findings of an internal investigation triggered by a whistleblower complaint, Atlanta-based NCR Corporation said it identified ‘a few opportunities to strengthen [its] comprehensive FCPA compliance program, and remediation measures were proposed and are being implemented.’… Continue Reading