2/9/2015: Can – or should – businesses expose corruption? According to a post by Michael Volkov in his Corruption, Crime & Compliance blog, “The private sector is on the front lines of the corruption battle but operates as a silent witness. Foreign officials demand bribes and other illegal payments. Yet, there is no structured reporting...
Compliance Communications Blog
Feb 09, 2015 •
2/9/2015: Can – or should – businesses expose corruption? According to a post by Michael Volkov in his Corruption, Crime & Compliance blog, “The private sector is on the front lines of the corruption battle but operates as a silent witness. Foreign officials demand bribes and other illegal payments. Yet, there is no structured reporting...
Jan 06, 2015 •
1/6/15: When you get into the hundreds of millions of dollars, “largest” takes on a whole new meaning. French energy and transportation company Alstom S.A. recently pleaded guilty to charges of violating the books and records provisions of the FCPA. The plea was met by a penalty of more than $772 million, making it the largest-ever criminal...
Jan 06, 2015 •
1/6/15: Insider trading isn’t reserved for traders. In late December, the SEC charged two individuals in Chile with insider trading on nonpublic information that one person had learned while serving on the Board of Directors of CFR Pharmaceuticals S.A. Specifically, Juan Cruz Bilbao Hormaeche “… exploited highly confidential information from a...
Dec 16, 2014 •
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...
Dec 02, 2014 •
12/2/14: FAW-Volkswagen automotive co Ltd, a joint venture between China’s FAW Group Corp car maker and Germany’s Volkswagen AG, has come under scrutiny by China’s Central Commission for Discipline Inspection for possible corruption. The case is part of a massive push by Chinese officials to address corruption by global and domestic...