The Department of Justice declined to prosecute Corsa Coal Corporation for Foreign Corrupt Practices Act (FCPA) violations following an assessment of factors set forth in the Criminal Division’s Corporate Enforcement Policy (CEP) and Voluntary Self-Disclosure Policy. “We have reached this conclusion despite the bribery committed by employees and agents of Read More
A former chief compliance officer of an investment advisory firm, charged with wire fraud, was sentenced to serve three years in prison and pay restitution of $371,332 for stealing over $500,000 from clients and the firm itself, the DOJ announced. According to the Department of Justice, Jennifer Campbell was the Read More
The Federal Trade Commission announced it has finalized its order against Instant Brands, a kitchen appliance company, to resolve false “Made in USA” claims. According to the FTC’s complaint, first announced in January, “Instant Brands faced increased demand for its glass measuring cups in the early days of the COVID-19 pandemic, when Read More
Global mining and metals company Rio Tinto has agreed to pay a $15 million civil penalty for Foreign Corrupt Practices Act (FCPA) violations arising out of a bribery scheme involving a consultant in Guinea, the Securities and Exchange Commission announced. According to the SEC order, Rio Tinto in July 2011 Read More
The Department of Justice has announced the launch of its first-ever Pilot Program on Compensation Incentives and Clawbacks. In March 2 remarks at American Bar Association’s annual National Institute on White Collar Crime event, Deputy Attorney General Lisa Monaco said the program will have two parts. “First, every corporate resolution Read More
Freight transportation supply company, The Greenbrier Companies, has agreed to pay $1 million in civil penalties, while its founder and former CEO will pay $100,000 in civil penalties, to settle charges that they failed to disclose perks provided to company executives, the Securities and Exchange Commission announced March 2. Founder Read More
The U.S. Department of Health and Human Services (HHS) announced the formation of a new Enforcement Division, Policy Division, and Strategic Planning Division to better address growing enforcement trends, including a crackdown on data breaches and other privacy violations. In recent years, the caseload of the Office for Civil Rights Read More
Ericsson Chief Compliance Officer Laurie Waddy will be leaving the company after four years in the role, Ericsson announced. Her departure comes at a time when the Swedish telecom company faces multiple investigations for its secret dealings with Islamic State terrorists in Iraq. Waddy joined the Swedish telecom company in Read More
Stanley Black & Decker disclosed in its Feb. 23 annual report that it is looking into potential violations of the U.S. Foreign Corrupt Practices Act. In its annual report, the U.S. manufacturing company said it “has identified certain transactions relating to its international operations that may raise compliance questions” under Read More
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that it has sanctioned nine entities across multiple jurisdictions that played a critical role in the production, sale, and shipment of hundreds of millions of dollars’ worth of Iranian petrochemicals and petroleum to buyers in Asia. Treasury targeted Read More
