Topic: Books and records

Consulting firm to pay $2.5 million for South African bribery

A research and consulting company reached a no admit, no deny settlement with the SEC resolving a probe into an alleged scheme to bribe public officials in exchange for government contracts.

30 May 2023

New US Silicon Valley Bank owner sues HSBC for over $1 billion

23 May 2023

Oilfield service provider resolves Angolan bribery allegations

Frank’s International has agreed to pay almost $8 million to the SEC for working with a sales agent who obtained contracts by bribing an official with Angola’s state oil company.

26 April 2023

Ex-Fox International Channel CEO found guilty in Fifa bribery scheme

A jury found one of two ex-Fox executives and a Uruguayan sports company guilty of bribing football officials for lucrative broadcasting contracts.

09 March 2023

SEC reaches FCPA bookkeeping settlements with Rio Tinto, gambling company

Rio Tinto will pay $15 million to resolve allegations that it violated the FCPA’s books and records provisions as a part of its work in Guinea, while an Irish gambling company will pay $4 million for similar violations connected to lobbying efforts in Russia.

07 March 2023

Court halts ex-Deutsche Bank trader’s use of prosecution documents in civil case

A US court has ordered ex-Deutsche Bank trader Matthew Connolly to stop using discovery from a criminal case in a lawsuit against his former employer.

16 February 2023

Systems and controls rules key to FCA personal messaging probes

The UK’s financial regulator will focus on potential breaches of systems and controls rules if it takes enforcement action against banks over the use of personal messaging apps to conduct business, lawyers say.

01 November 2022

Counsel Watch: Former deputy attorney general uncovers “systemic” abuse in US women’s football

Featured in In-house

In the latest counsel watch, King & Spalding concluded an investigation into the culture of professional women’s football in the US, and firms represented banks and a well-known celebrity in connection with various SEC enforcement actions.

04 October 2022

US regulators issue $1.8 billion in fines over personal messaging usage

The SEC has announced a “first-of-its-kind group resolution” against 11 financial institutions for breaching rules governing the use of personal devices at work.

28 September 2022

SEC order details Compass Minerals’ disclosure failures

The SEC has fined US mining company Compass Minerals $12 million over disclosure failures related to a Canadian mine and a contamination problem at a Brazilian chemical plant.

26 September 2022

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