Failure to prevent fraud, false accounting, and money laundering will become new corporate criminal offences in the UK.
January 31, 2023Companies that voluntarily disclose suspected criminal activity or misconduct to federal prosecutors can receive up to a 75 percent reduction in penalties.
January 20, 2023Manufacturing conglomerate Honeywell will pay $120mn to Brazilian authorities, $39.4mn to the DOJ, and $42.3mn to the SEC.
December 22, 2022The co-chairman of Chinese real estate firm Guangzhou R&F Properties is accused of paying bribes to San Francisco authorities from 2015 through 2020.
December 14, 2022Banks have until 1 July 2023 to ensure their Code of Conduct and internal control systems are consistent with the revised SPM module.
December 13, 2022The action was coordinated among US, South African and Swiss authorities. ABB also paid bribery related fines in 2004 and 2010.
December 11, 2022The SFO found that Glencore funnelled about $29mn worth of bribes between 2011 and 2016 to gain access to oil rights across Africa.
November 9, 2022The arrest followed the completion of an investigation into allegations of bribery, abuse of power, and trading on nonpublic information.
October 29, 2022The Insurance Authority asks insurance CEOs to promptly respond to requests to produce evidence for corruption investigations.
October 19, 2022Sovereign wealth funds from the UAE, Kuwait and Norway, along with Abrdn, HSBC, Standard Life and others are among the claimants.
October 14, 2022