Corruption

corruptionMost multinational companies encounter bribery and corruption risks when doing business in emerging markets. Evolving legal systems and amendments to regulations are being rolled out to foster greater transparency.Driven by the US Foreign Corrupt Practices Act (FCPA), many companies have chosen to self-report violations to the Department of Justice (DOJ) or Securities Exchange Commission (SEC). This section provides News updates and Opinions related to Anti Corruption regulations such as UK Bribery Act or Foreign Corrupt Practices Act.

Cognizant pays fine for FCPA Violations in India

In an important judgement associated with India, the US Government asked Cognizant to pay the fine of $25 Million. According to the...

Accounting fraud in TheStreet

The Securities and Exchange Commission today charged TheStreet, Inc. and three executives in connection with a 2008 accounting fraud at a former subsidiary of...

Rolls Royce connection with President Suharto

rolls royce
The U.K. Serious Fraud Office may be investigating an alleged $20 million payment from Rolls Royce to the son of the former Indonesian ruler...

Indonesia anti-graft agency snares its first minister

Indonesia's first minister to be named a suspect in a bribery scandal resigned on Friday, becoming the highest profile victim of an increasingly aggressive...

SEC Charges Medlink International and Two Executives with Fraudulent Filing

The Securities and Exchange Commission today announced that it filed a civil injunctive action against MedLink International, Inc., its CEO, Aurelio Vuono, and its...

District Court Orders More Than $3 Million In Remedies, Grants Motions...

United States District Court for the Southern District of Florida granted the Commission's motions for disgorgement, civil penalties, and officer-and-director bars against the four...