Menu10/1/14: A new investigation into allegations of money laundering could derail a settlement with Germany’s Commerzbank to resolve US trades sanction violations. A post by Richard L. Cassin on the FCPA Blog reviews an article in the Wall Street Journal (a link is provided but access to the WSJ requires a subscription) about...
Compliance Communications Blog
Oct 01, 2014 •
10/1/14: A new investigation into allegations of money laundering could derail a settlement with Germany’s Commerzbank to resolve US trades sanction violations. A post by Richard L. Cassin on the FCPA Blog reviews an article in the Wall Street Journal (a link is provided but access to the WSJ requires a subscription) about...
Sep 15, 2014 •
9/15/14: Most global companies grew up under the shadow of anti-corruption laws that criminalized the “giving side” of bribery. Bribes by employees or third parties to foreign government officials have been the focus of investigations, prosecutions and settlements in the millions or even billions of dollars. But, for every individual paying a bribe, there is...
Sep 01, 2014 •
9/1/14: The Association of Certified Fraud Examiners (ACFE) recently released its 2014 Report to the Nation, which paints a serious picture of the fraud that goes on inside a company. While CCOs concentrate on global bribery and corruption, the ACFE report concludes that the typical organization loses 5% of revenues each year...
Sep 01, 2014 •
9/1/14: Healthcare fraud remains a focus of the US Department of Justice (DOJ) and the US Department of Health and Human Services, thanks to the Health Care Fraud Prevention and Enforcement Action Team (HEAT) initiative. To date, the US DOJ has recovered more than $14.2 billion through involving fraud against federal healthcare...
Sep 01, 2014 •
9/1/14: Companies have to follow up on internal complaints of possible wrongdoing. The US Securities and Exchange Commission made that clear when it awarded $300,000 to a whistleblower with audit and compliance responsibilities. In this case, the whistleblower had alerted all the appropriate personnel in his company about possible...
