Tag:
Bribery
Latest Headlines
Latest Headlines
FCPA reform movement heats up
The degree to which corporate lobbyists have been able to shape Dodd-Frank more to their liking has been stunning.
A great example of this is the portion of the law that would require automated clearing in the OTC derivatives industry. It's looking better and better for the big dealers every d
Companies still struggle with FCPA
We've often noted that all boards of multinational companies face heightened risks these days associated with the Foreign Corrupt Practices Act, which continues to be a strong focus of the Department of Justice and the SEC. The latest to be ensnared is Goldman Sachs, which is being probed for its
FCPA enforcement activity grows
We've noted that the Justice Department and SEC have really stepped up their enforcement activity when it comes to the Foreign Corrupt Practices Act (FCPA), charging the likes of IBM , Tyson Foods, General Electric, Daimler and others. The cases span the globe, with billions in contracts im
Execs of faith-based bank, Integrity, accused of fraud
A shocking story of a bank failure: Federal prosecutors have indicted two executives of a failed bank in Georgia--Douglas Ballard and Joseph Todd Foster--accusing them of conspiracy, insider trading and bank fraud. Developer Guy Mitchell, who received $80 million in loans from the bank, was also c
Top compliance concerns of 2009
Are you ready for the new year? Have you thought through what your top compliance priorities will be? To spur your thinking (and of course, its marketing goals), Integrity Interactive has come out with its annual study on the Top 12 corporate compliance concerns of global companies.
The 20
What really went on in the mortgage industry?
Business Week offers an arresting article on so-called "mortgage wholesalers," whose job was to buy up loan applications from mortgage brokers on behalf of big lenders. The competition got so intense that some resorted to offering you know what (it rhymes with hex; the word may trigger spam fi
Temptation abounds overseas
A whole of lot of energy has been expended on anti-fraud measures in the U.S. and attempts to measure how well they are working. The fact is that the U.S., though it hasn't been easy, has done a relatively good job; I say relatively .
The United States is one of the world's 20 least
Crackdown on bribery hits oil industry
How do you control bribery? If you haven't heard yet, the government is in the midst of a massive crackdown on overseas bribery. Financial Week reports that the Department of Justice has initiated more enforcement actions in the last year and a half than during the six years from 2000 to 2005.
Biovail's case for short conspiracy debunked?
Recall that in early 2006, Biovail filed a $4.6 billion suit that charged 24 hedge funds and research analysts with engaging in a scheme to push the company's stock with lies and planted stories in the media. The debate was widely covered, and ensnared some really big names, such as SAC Capita
