You probably saw stories last week about Daria Kaleniuk. The co-founder and executive director of the Anti-Corruption Action Center in Ukraine fled Kyiv and turned up at a March 1 news conference in Warsaw.… Continue Reading
Posts Tagged: Wall Street Journal
The United States, the European Union, Canada, and the UK announced coordinated sanctions against Russia this weekend. The sanctions are designed mainly to block major banks from the SWIFT financial network and isolate families close to President Vladimir Putin.… Continue Reading
There was good news for compliance officers last week. They’re in demand, and their pay is rising. But there was bad news too. In the finance sector, compliance officers feel overworked and underpaid.… Continue Reading
For at least ten years, Germany’s financial regulator heard detailed complaints from reliable sources about a $2 billion accounting fraud at Wirecard AG but failed to act.… Continue Reading
Compliance officers should have executive authority. That means the power to block hiring decisions, reject subcontracts and purchase orders, disapprove proposed partners and other intermediaries, and stop projects from happening or continuing.… Continue Reading
Late last month, reporter and editor Sam Rubenfeld announced via Twitter that after ten years, he was leaving the Wall Street Journal.
He joined the Journal fresh out of college and quickly found his way to the Corruption Currents blog, while also editing and writing for the Dow Jones Newsletters and Newswires.… Continue Reading
The DOJ has taken “preliminary steps” to investigate if managers at Uber Technologies Inc. violated the Foreign Corrupt Practices Act, the Wall Street Journal said Tuesday.
The story cited as sources “people familiar with the matter” but didn’t name them.… Continue Reading
Here’s some good news for compliance officers from the Wall Street Journal’s Sam Rubenfeld:
. . . Though the number of jobs on Wall Street in risk and compliance isn’t broadly tracked, industry players and recruiters say anti-money laundering compliance has seen a boom in recent years.… Continue Reading
Some of the biggest U.S. banks are adding risk and compliance professionals as they seek to comply with increasing regulations, particularly in their overseas operations.
Cisco Systems Inc. is investigating whether some of its activities in Russia, Eastern Europe and Central Asia may have violated the Foreign Corrupt Practices Act.
The networking equipment manufacturer announced the internal probe in a public filing in late February.… Continue Reading
The U.K.’s Serious Fraud Office (SFO) obtained an order from a British judge last month forbidding the Wall Street Journal from printing the names of dozens of individuals who are expected to be named as co-conspirators in the SFO’s investigation of the London interbank offer rate (LIBOR).… Continue Reading