Anti-Corruption/ FCPA and International Trade – Major banks fined for Forex manipulation, Australia’s business behind the curve on Anti-Corruption, Feds seek forfeiture of bribe money from former Chad ambassador and more.
Five banks fined $3.3 billion for Forex manipulation by Richard L. Cassin published on The FCPA Blog
Regulators in the United States, Britain, and Switzerland penalized five banks $3.3 billion for rigging foreign-exchange benchmarks. The U.S. Commodity Futures Trading Commission, Britain’s Financial Conduct Authority, and the Swiss Financial Market Supervisory Authority fined Switzerland’s UBS AG $800 million… [ Read More ]
Australia’s Businesses Behind The Curve On Anti-Corruption by Control Risks published on Forbes
SYDNEY – For a country that is a world leader in risk management, Australia has a remarkably cavalier attitude toward corruption risks. It is a bit of a paradox. On the one hand, the Australia-New Zealand risk management standard served as the basis for the ISO standard on risk management… [ Read More ]
Feds seek forfeiture of bribe money paid to former Chad ambassador by Richard L. Cassin published on The FCPA Blog
The Justice Department filed a civil forfeiture complaint seeking $106,488.31 allegedly traceable to a $2 million bribe by a Canadian energy company to Chad’s former ambassador to the United States and Canada and his wife. From 2004 to 2012, the DOJ said, Mahamoud Adam Bechir, 49, served as Chad’s Ambassador to the United States and Canada… [ Read More ]
Bio-Rad Settlement Reinforces FCPA Trends by Kathleen L. Matsoukas published on National Law review
On Tuesday, the Securities and Exchange Commission and Department of Justice announced that both had reached agreements with medical diagnostics and life sciences manufacturing company Bio-Rad Laboratories to resolve allegations that Bio-Rad violated the Foreign Corrupt Practices Act in connection with its engagement of third party intermediaries in Russia, Thailand and Vietnam… [ Read More ]
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