Bribery

SEC Charges Amec Foster Wheeler Limited With FCPA Violations Related To Brazilian Bribery Scheme

Retrieved on: 
Friday, June 25, 2021
Bribery, Corporate crime, Political corruption, Disgorgement, Crime, Articles, Politics, Foreign Corrupt Practices Act

"Continuing to use an agent who presented a significant corruption risk so that Foster Wheeler could expand its business and win a contract in Brazil demonstrates a fundamental flaw in the corporate compliance program,"said Tracy Price, Deputy Chief of the SEC Enforcement Division's FCPA Unit.

Key Points: 
  • "Continuing to use an agent who presented a significant corruption risk so that Foster Wheeler could expand its business and win a contract in Brazil demonstrates a fundamental flaw in the corporate compliance program,"said Tracy Price, Deputy Chief of the SEC Enforcement Division's FCPA Unit.
  • "The potential for a new market cannot be a siren's song that overwhelms good corporate governance,"said Charles Cain, Chief of the SEC Enforcement Division's FCPA Unit.
  • Foster Wheeler, which is currently owned by John Wood Group PLC, consented to the SEC's cease-and-desist order finding that it violated the anti-bribery, books and records, and internal accounting controls provisions of the FCPA and agreed to pay $22.7 million in disgorgement and prejudgment interest.
  • Therefore, the company's minimum payment to the SEC would be approximately $10.1 million.

Istari Oncology Hires Marc Banjak as General Counsel and Secretary as the Company Prepares for a Critical Period of Development and Expansion

Retrieved on: 
Thursday, April 29, 2021
Science, Biotechnology, Research, Physical therapy, Oncology, Health, FDA, Other Health, Foreign Corrupt Practices Act, Dova, FCPA, Bribery, Articles, Crime, Politics

b'Istari Oncology, Inc. , a clinical-stage biotechnology company today announced that Marc Banjak has joined the company as general counsel and secretary.

Key Points: 
  • b'Istari Oncology, Inc. , a clinical-stage biotechnology company today announced that Marc Banjak has joined the company as general counsel and secretary.
  • Mr. Banjak comes to Istari from Dova Pharmaceuticals (NASDAQ: DOVA), where he led the legal and compliance teams.
  • Banjak has negotiated strategic contracts, advised on the Foreign Corrupt Practices Act (FCPA) and anti-bribery matters, and on labor issues.
  • The company was founded by Darell Bigner, MD, PhD and Matthias Gromeier, MD, of Duke University Medical Center in 2016.

Michael Malarkey Joins HKA as Partner, Americas

Retrieved on: 
Monday, April 26, 2021
Articles, Politics, Crime, Auditing, Forensic accounting, Lawsuits, Anti-corruption, Political corruption, Bribery

b'PHILADELPHIA and WASHINGTON, April 26, 2021 /PRNewswire/ --HKA has announced that Michael Malarkey has joined the firm as Partner.

Key Points: 
  • b'PHILADELPHIA and WASHINGTON, April 26, 2021 /PRNewswire/ --HKA has announced that Michael Malarkey has joined the firm as Partner.
  • His expertise includes investigative forensic accounting, fraud investigation, anti-corruption/anti-bribery remediation, complex dispute resolution, eDiscovery, and corporate monitorships.
  • "Michael has the experience and skill set to help our FACD group reach the next level," he added.\nPrior to joining HKA, Michael held various leadership roles in some of the largest global expert consultancy firms.
  • HKA also supports companies that conduct business with the US Federal Government, providing consulting services on complex government contracting matters.\n'

State Asset Management Agency Receives Iso Antibribery Certification

Retrieved on: 
Wednesday, December 9, 2020
Corruption, Articles, ISO 37001, Social issues, Anti-corruption, Bribery, International Anti-Corruption Day, Crime, Draft:Philippe Montigny, Corruption in Tunisia

TASHKENT, Uzbekistan, Dec. 9, 2020 /PRNewswire/ -- The State Asset Management Agency of Uzbekistan ("SAMA") is pleased to announce, on International Anti-Corruption Day, it has received the ISO 37001: 2016 certification an international standard on anti-bribery management systems.

Key Points: 
  • TASHKENT, Uzbekistan, Dec. 9, 2020 /PRNewswire/ -- The State Asset Management Agency of Uzbekistan ("SAMA") is pleased to announce, on International Anti-Corruption Day, it has received the ISO 37001: 2016 certification an international standard on anti-bribery management systems.
  • The ISO 37001:2016 international standard helps organizations tackle corruption and incorporates existing, well-established anti-bribery principles, such as guidance within the UK's Bribery Act.
  • The standard sets out requirements and provides guidance for an organisation's management system to prevent, detect and respond to bribery and comply with anti-bribery laws and relevant voluntary commitments.
  • Sunnatillo Bekenov, Director of the State Assets Management Agency, said:
    "We are very proud to be the second State entity to receive this ISO certification for our anti-bribery management system.

State Asset Management Agency Receives Iso Antibribery Certification

Retrieved on: 
Wednesday, December 9, 2020
Corruption, Articles, ISO 37001, Social issues, Anti-corruption, Bribery, International Anti-Corruption Day, Crime, Draft:Philippe Montigny, Corruption in Tunisia

TASHKENT, Uzbekistan, Dec. 9, 2020 /PRNewswire/ -- The State Asset Management Agency of Uzbekistan ("SAMA") is pleased to announce, on International Anti-Corruption Day, it has received the ISO 37001: 2016 certification an international standard on anti-bribery management systems.

Key Points: 
  • TASHKENT, Uzbekistan, Dec. 9, 2020 /PRNewswire/ -- The State Asset Management Agency of Uzbekistan ("SAMA") is pleased to announce, on International Anti-Corruption Day, it has received the ISO 37001: 2016 certification an international standard on anti-bribery management systems.
  • The ISO 37001:2016 international standard helps organizations tackle corruption and incorporates existing, well-established anti-bribery principles, such as guidance within the UK's Bribery Act.
  • The standard sets out requirements and provides guidance for an organisation's management system to prevent, detect and respond to bribery and comply with anti-bribery laws and relevant voluntary commitments.
  • Sunnatillo Bekenov, Director of the State Assets Management Agency, said:
    "We are very proud to be the second State entity to receive this ISO certification for our anti-bribery management system.

TRACE Releases 2020 Bribery Risk Matrix

Retrieved on: 
Thursday, November 19, 2020
Corporate crime, Bribery, Political corruption, Trace, Articles, Politics, Crime

ANNAPOLIS, Md., Nov. 19, 2020 /PRNewswire/ -- TRACE , a globally recognized business association dedicated to anti-bribery, good governance and compliance, has released the 2020 TRACE Bribery Risk Matrix , which measures business bribery risk in 194 jurisdictions.

Key Points: 
  • ANNAPOLIS, Md., Nov. 19, 2020 /PRNewswire/ -- TRACE , a globally recognized business association dedicated to anti-bribery, good governance and compliance, has released the 2020 TRACE Bribery Risk Matrix , which measures business bribery risk in 194 jurisdictions.
  • Originally published in 2014 to meet a need in the business community for more reliable information about bribery risk worldwide, the TRACE Matrix addresses the likelihood of encountering bribe demands when doing business in a given jurisdiction.
  • This year's edition includes an updated selection of datapoints to ensure the TRACE Matrix is based on the most recent available information.
  • "The TRACE Matrix helps compliance teams make informed decisions about how to mitigate bribery risk based on geographic variances, an important component of any risk assessment."

TRACE Releases 2020 Bribery Risk Matrix

Retrieved on: 
Thursday, November 19, 2020
Corporate crime, Bribery, Political corruption, Trace, Articles, Politics, Crime

ANNAPOLIS, Md., Nov. 19, 2020 /PRNewswire/ -- TRACE , a globally recognized business association dedicated to anti-bribery, good governance and compliance, has released the 2020 TRACE Bribery Risk Matrix , which measures business bribery risk in 194 jurisdictions.

Key Points: 
  • ANNAPOLIS, Md., Nov. 19, 2020 /PRNewswire/ -- TRACE , a globally recognized business association dedicated to anti-bribery, good governance and compliance, has released the 2020 TRACE Bribery Risk Matrix , which measures business bribery risk in 194 jurisdictions.
  • Originally published in 2014 to meet a need in the business community for more reliable information about bribery risk worldwide, the TRACE Matrix addresses the likelihood of encountering bribe demands when doing business in a given jurisdiction.
  • This year's edition includes an updated selection of datapoints to ensure the TRACE Matrix is based on the most recent available information.
  • "The TRACE Matrix helps compliance teams make informed decisions about how to mitigate bribery risk based on geographic variances, an important component of any risk assessment."

Greg Lindberg Attorney Issues Statement As Case Moves to Appellate Court: Says Lindberg's Actions 'Surely Not a Crime'

Retrieved on: 
Saturday, August 22, 2020
Political corruption, Bribery, Corporate crime, Facebook Beacon, Crime, Articles, Politics

Seeking fair regulation is not a crime.

Key Points: 
  • Seeking fair regulation is not a crime.
  • The bribery investigation started before any alleged bribe occurred.
  • On the contrary, he has been called a 'beacon of inspiration' because many people are better off as a result of his giving.
  • For more Greg Lindberg news please visit: www.greglindberg.com/in-the-news

SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of FE and KODK of Upcoming Deadlines

Retrieved on: 
Wednesday, August 19, 2020
Crime, Financial regulation, Corporate crime, Money laundering, Tax evasion, Terrorism, Bribery, Articles, Politics

Prosecutors described the case as involving the "largest bribery, money-laundering scheme" in Ohio history.

Key Points: 
  • Prosecutors described the case as involving the "largest bribery, money-laundering scheme" in Ohio history.
  • Shares continued to surge by over 300% the next day to close at $33.20 per share on July 29, 2020.
  • Finally, in response to increasing public awareness and Congressional and regulatory scrutiny of Kodaks fraudulent scheme, the DFC paused the deal.
  • A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Greed, Politics, and Espionage in the World of Soccer Exposed in Rob Murphy’s Latest Novel

Retrieved on: 
Monday, July 6, 2020
Articles, Humans, Politics, Murphys, Bribery, Political corruption, Loretta Lynch, Corruption, Loretta

As Picard inches closer to gaining a colossal fortune for helping the Russians win the bid, the stakes grow larger and every decision turns into a matter of life and death.

Key Points: 
  • As Picard inches closer to gaining a colossal fortune for helping the Russians win the bid, the stakes grow larger and every decision turns into a matter of life and death.
  • Murphys interest in the politics of soccer hit full stride in 2015 after US Attorney General Loretta Lynch instituted criminal proceedings for bribery and corruption against leaders in the FIFA organization.
  • Enticed to explore what lies beneath the roaring crowds and big-name athletes Murphy dug a little deeper, and found the sports world is not as clear-cut and honest as one would think.
  • It eventually comes back to bite you, Murphy said about the sports world.