Tag: SEC

Recent FCPA Cases: Lessons for Compliance Personnel

Posted by Anne Eberhardt - October 17, 2018

Historic Corruption and Its Modern-Day Impacts Anne Eberhardt, CFE, CAMS and Senior Director at Gavin/Solmonese, discusses two notable cases involving corruption, bribery and consequent violations of the Foreign Corrupt Practices Act. Each offers instruction for compliance practitioners. This autumn we are commemorating two significant anniversaries: the 10-year anniversary of the…

Petrobras Closes Out “Massive” Corruption Investigations and Litigation

Posted by Michael Volkov - October 4, 2018

Resulting Settlements and Remedial Measures Brazilian oil and gas giant Petrobras has entered into a series of settlements in closing out corruption investigations and litigation. For a long period of time, corruption was endemic at the corporation (the DOJ estimates illegally generated funds for payments as at least $2 billion),…

Very Pleased to Meet You: Market Rates for Introducers in Asia-Pacific

Posted by Wendy Wysong - September 25, 2018

Mitigating the Risk Posed by Introducers Wendy Wysong and associates at Clifford Chance write on the rise in prominence of “introducers” in Asia-Pacific countries and explain how the use of introducers can expose the organization to corruption risk. The team also discusses several recent cases that have resulted in fines…

SEC Amends Definition of “Smaller Reporting Company”

Posted by Penny Somer-Greif - July 26, 2018

How the Changes Will Affect Financial Reporting Recent changes by the SEC to qualification thresholds have altered the qualifications for an organization to be considered a “smaller reporting company.” Penny Somer-Greif of Baker Donelson outlines the new requirements. The Securities and Exchange Commission (SEC) has adopted amendments to its rules…

Regulatory Oversight for Cryptocurrency?

Posted by Brandi Reynolds - July 23, 2018

What Crypto Exchangers and Administrators Need to Know U.S. regulators have recently joined with an international coalition of tax enforcement authorities to investigate cryptocurrency-related crimes. Given that there’s been limited regulatory oversight of cryptocurrency in years past, where does this leave businesses whose bread and butter is cryptocurrency? Cryptocurrency markets…

4 Current FCPA Enforcement Trends

Posted by Michael Volkov - July 19, 2018

“Resources Reflect Policy” and Other Observations Michael Volkov discusses themes emerging in the DOJ’s and SEC’s enforcement of FCPA violations thus far in 2018. There are two distinct themes in FCPA enforcement: The first is consistency (i.e., that some enforcement actions are relatively consistent across the board), and, in the…

Whistleblower Laws: Current Issues

Posted by Maurice Gilbert - July 18, 2018

Q&A with Rick Schroeder of Jones Walker Rick Schroeder, leader of the Corporate Compliance & White Collar Defense Practice at Jones Walker in New Orleans, discusses whistleblower laws and protections with CCI’s Publisher, Maurice Gilbert. Maurice Gilbert: What is the most important challenge for compliance officers relating to whistleblower laws,…

One of the World’s Most Feared Enforcement Tools

Posted by Anne Eberhardt - July 5, 2018

The History of FCPA Enforcement, Part 2 In Part 1 of this two-part series on the history of the enforcement of the FCPA, Anne Eberhardt discussed some of the factors that led to its creation. In this second part, she describes how the FCPA evolved into one of the most…

How the Foreign Corrupt Practices Act Came to Be

Posted by Anne Eberhardt - July 3, 2018

The History of FCPA Enforcement, Part 1 Anne Eberhardt, Senior Director at Gavin Solmonese and an expert in FCPA, forensic, compliance, fraud and corruption investigations, offers a brief history of the FCPA. In this first installment, she provides historical context for the regulation, discusses its 1977 enactment and touches on…

Crash Landing: Lessons From the Panasonic FCPA Enforcement

Posted by Thomas Fox - June 20, 2018

Those bemoaning the lack of Foreign Corrupt Practices Act (FCPA) enforcement activity can cease. With the Dun & Bradstreet Inc. (D&B) declination in April and May’s enforcement action involving Panasonic Avionics Corporation (PAC) and its parent Panasonic Corporation (Panasonic), U.S. regulators at the Department of Justice (DOJ) and Securities and Exchange Commission (SEC) have…

The Shoe Drops on Theranos’ Former CEO and COO

Posted by Michael Volkov - June 20, 2018

Criminal Indictment Filed Charging Fraud The fallout continues for Elizabeth Holmes and Sunny Balwani, respectively the CEO and COO of Theranos. The pair were charged with fraud by the SEC and were indicted last week on wire fraud and conspiracy charges. Michael Volkov reviews the cautionary tale of Theranos, outlining…

Tips to Achieve Consolidated Audit Trail (CAT) Compliance

Posted by Chris Ekonomidis - April 23, 2018

How to Overcome Technological Roadblocks What a time to work in the GRC field: new technologies are constantly emerging to help companies meet their regulatory obligations. At the same time, many fragmented requirements have piled up over time. Chris Ekonomidis, Head of U.S. Business Consulting at Synechron, discusses the three…