Compliance Communications Blog
Mar 18, 2015 • Compliance Wave
3/18/15: It is rare for a corporate officer, director or trustee to receive a whistleblower award, but that’s exactly what happened recently when the US Securities and Exchange Commission (SEC) paid between $475,000 and $575,000 to a former company officer for reporting fraudulent activities inside his company. The former officer...
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Mar 18, 2015 • Compliance Wave
3/18/15: Law firm Morrison Foerster published a client alert in early March titled, “Top Ten International Anti-Corruption Developments for February 2015.” It’s a good review that highlights the changing landscape of global anti-corruption activities. The review provides insight and some guidance to compliance...
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Dec 16, 2014 • Compliance Wave
12/16/14: OtisMed Corp. and its CEO Charlie Chi didn’t do the medical device industry, his patients, or his firm’s eventual parent company any favors by taking a twisted path to selling the OtisKnee orthopedic cutting guide. The guides were designed for use in knee replacement surgery but their application for marketing clearance was...
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Dec 02, 2014 • Compliance Wave
12/2/14: For folks who missed the Pinsent Masons regulatory conference in London this fall, Richard Cassin gives an overview on his FCPA blog of David Green’s comments (the chief of the UK Serious Fraud Office). Green admitted that fraud was up – an all-too-familiar reality for compliance professionals – but so is enforcement by the UK’s Serious...
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Oct 15, 2014 • Compliance Wave
10/15/14: Business fraud isn’t just an occasional thing that happens to someone else. It’s distressingly common and it’s expensive. An article by Heather Raftery and Frank L. Holder published on the FTI Journal website and reprinted by Business Ethics Magazine digs into the disturbing reality of fraud, which is estimated to have cost...
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