Work Area: Corporate governance

SAP and IBM face criminal charges over Air India software sales

Indian prosecutors have charged the local subsidiaries of German software company SAP and US tech business IBM over an alleged criminal conspiracy related to the sale of software to a then-state-owned airline in 2011.

05 February 2024

Brazil’s Supreme Court halts Odebrecht bribery settlement payments

Brazil’s highest court has ruled that construction company Odebrecht, now known as Novonor, can renegotiate the leniency agreement it signed with local prosecutors in 2016 to resolve allegations of widespread bribery.

02 February 2024

OFAC official: review our compliance guidance “line by line”

A senior official at the US civil sanctions enforcer said companies that follow the agency’s compliance guidance meticulously are likely to stay out of its enforcement crosshairs and off its sanctions lists.

02 February 2024

SFO scrutinising former PM’s role at Greensill Capital: the Guardian

29 January 2024

Crypto and cooperation: trends in OFAC enforcement to continue in 2024

After a record-setting year, the US civil sanctions enforcer’s focus on the cryptocurrency sector and its collaboration with partner agencies looks set to continue, experts predict.

26 January 2024

ICBC fined $32m in the US for compliance failures, disclosing of confidential information

Investigations by the DFS and Federal Reserve revealed that the Chinese bank’s anti-money laundering and OFAC sanctions screening programmes were deficient for years, among other failings.

22 January 2024

Endeavour Mining seeks $29m in clawbacks from fired CEO

19 January 2024

SAP resolves foreign bribery probe in South Africa

In the absence of a DPA mechanism, South African prosecutors said they have developed a “Corporate Alternative Dispute Resolution policy directive” for resolving corporate investigations in the country.

11 January 2024

Clyde & Co to pay over £600k for money laundering breaches

The Solicitors Disciplinary Tribunal has ordered London-headquartered firm Clyde & Co to pay a £500,000 fine after the firm admitted to breaching UK money laundering regulations.

11 January 2024

US company to pay record $1.7bn civil penalty for emissions cheating engines

11 January 2024

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