Work Area: Internal investigations

Changes to PRA enforcement – risks of outsourcing the investigation

David Rundle, partner at Bryan Cave Leighton Paisner, considers the PRA’s proposed changes to its enforcement process, examining how they may compromise the quality of the regulator’s conclusions and lead to unfairness in the investigation of individuals.

05 June 2023

Has the UK government significantly underestimated the cost of implementing anti-fraud procedures?

As the UK awaits the introduction of the new failure to prevent fraud offence, it appears the government has underestimated the cost to companies putting new anti-fraud procedures in place. Norton Rose Fulbright London partners Andrew Reeves and Stuart Neely and senior associate Naomi Miles explore what companies will need to do and why additional costs should be expected.

31 May 2023

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

Ultra Electronics: five talking points from the remediation agreement

A recent judgment by the Superior Court of Quebec sheds light on the conduct of a Canadian subsidiary of Ultra Electronics in the Philippines that resulted in a four-year remediation agreement.

24 May 2023

SFO drops probe into insurance broker

A London-based insurance broker said the SFO decided not to take action on an investigation into bribery in Ecuador, while the DOJ continues to investigate the matter.

18 May 2023

Medical device maker cooperating with SEC, Massachussets US attorney FCPA investigations

Boston Scientific also received a subpoena from the Department of Justice.

05 May 2023

1MDB discontinues JPMorgan suit

The sovereign wealth fund asked a Kuala Lumpur court for permission to refile its claim in the future, according to an SEC filing.

04 May 2023

FCPA Docket: Stryker discloses bribery investigation

The DOJ and SEC contacted recidivist medical device maker Stryker about possible FCPA violations; a fibre laser manufacturer “believes” the DOJ has concluded its investigation into its export practices; a mining company received information requests from the DOJ but says it is not under investigation.

03 May 2023

Alvarez & Marsal to support Glencore monitorship

Glencore announced in its annual ethics report that its recently-accepted compliance monitors will be working with the forensic accounting firm.

28 April 2023

Ex-Harvard professor avoids prison after hiding Chinese financing

Charles Lieber was sentenced to pay $50,000 and spend two years under supervised release.

26 April 2023

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