The Organization for Economic Cooperation and Development Working Group on Bribery in International Business Transactions, in a report published Tuesday, lauded the U.S. for raising the level of enforcement of its Foreign Corrupt Practices Act since its last evaluation by the group in 2010.
Airbnb said it made voluntary disclosures to the Treasury Department about its compliance efforts and certain user activity on its platform that may have been at odds with requirements under U.S. sanctions laws.
The office paid out around $175 million in awards to 39 tipsters in the fiscal year ended in September, and received a record number—around 6,900—of tips.
The coronavirus pandemic has made it nearly impossible for pharmaceutical companies and others in the health-care industry to engage in one of their primary marketing strategies: sponsored events.
A $138 million compensation for investors is expected to open the door for other such claims by bribery victims.
Tyson Foods is developing plans to reduce the risk of deforestation in its global supply chain, but an investment group suggests the meatpacking company’s efforts aren’t enough.
Companies should create closer links between their compliance departments and risk managers who focus on an array of corporate hazards, according to an influential organization that guides companies on enterprise risk-management practices.
The U.K. said that companies need to report the financial impacts of climate change on their businesses within the next five years, becoming the first country to make the disclosures mandatory as investors and governments demand corporations curb their greenhouse gas emissions.
An OECD working group on bribery expressed concern that only seven companies and two individuals were punished in five foreign-bribery cases to date, all through nontrial resolutions. The group noted that the number of cases resolved was small relative to the size and risk profile of the Dutch economy.
The drugmaker said it received an inquiry from the SEC’s foreign-bribery unit about its operations in China.
The Serious Fraud Office is investigating the plane maker over what the agency described as suspected bribery and corruption related to deals with Indonesia’s flag carrier.
The more than $138 million payment brings to a close a yearslong legal battle over a restitution claim by the alleged victims of a bribery scheme by Sculptor Capital Management
The bank said the potential fine was related to issues with “internal controls and internal audit over certain advisory and other activities.”
Citigroup’s chief risk officer will depart as the bank works to overhaul its risk-management systems, the nation’s third-largest bank said Monday.
Drug-company executives were allowed to sell stock during announcements of Covid-19 vaccine results.
Chinese companies with shares traded in America would be required to use auditors overseen by U.S. regulators or face being kicked off exchanges under a plan being drafted by regulators.
Please note: The Wall Street Journal News Department was not involved in the creation of the content above.