Dec 19 (Reuters) - U.S.-based manufacturer Honeywell International Inc (HON.O) on Monday said it has agreed to pay about $200 million to settle criminal and civil corruption investigations in the United States and Brazil.
LONDON, June 23 (Reuters) - Britain's Financial Conduct Authority (FCA) has fined Ghana International Bank (GHIB) 5.8 million pounds ($7.1 million) for failings in its anti-money laundering controls.
The FCA said the bank provided correspondent banking services to other lenders, allowing them to provide products and payment services they would otherwise be unable to provide.
The Anglo-Swiss company Glencore admits that it paid bribes in six African countries. Will we ever know the identity of those responsible? A look back at a resounding affair with still-present grey areas, which has tarnished the mining industry, particularly on the continent.
Dec 23 (Reuters) - French jet engine maker Safran SA (SAF.PA) will pay about $17.2 million as part of a settlement with the U.S. Justice Department over bribes its subsidiaries allegedly paid in China, the Department of Justice (DoJ) said in a statement made public on Friday.
The Paris-based aerospace supplier will be required to turn over profits from "corruptly obtained" and retained contracts by its U.S.-based subsidiary, Monogram Systems, the DoJ said.
Traditional whistleblower hotlines are going to be a thing of the past. They certainly served a purpose and pioneered a way for employees to report wrongdoing at their companies confidentially. But the reasons are stacking up against them as to why they’re no longer serving companies and employees in 2021. And if companies continue to use them, they need to realize that issues or concerns may go unreported because employees don’t want to use that channel to report.
TOKYO, Dec 26 (Reuters) - A former Tokyo Olympics official arrested on bribery charges was granted bail on Monday, public broadcaster NHK reported. A Tokyo District court set bail for Haruyuki Takahashi at 80 million yen ($603,000), NHK reported.
Prosecutors have raided multiple companies in recent months in a widening corruption scandal related to the Tokyo Games.
The Spanish company Maxam Ghana Limited in charge of a truck that exploded and killed 13 people at Apeatse in the Prestea Huni-Valley Municipality of the Western Region has been fined $6 million for regulatory breaches regarding the manufacture, storage, and transportation of explosives for mining and other civil works.
In a press statement on Tuesday signed by the Lands Minister, Samuel Abu Jinapor, The breaches were identified by a three-member committee set up by the government to investigate the explosion that occurred at Apeatse.
Belgian prosecutors investigating allegations that Qatar has sought to influence EU policy by bribing European parliament officials have charged four people with money laundering, corruption and participating in a criminal organisation.
The charges, which were announced on Sunday, came two days after police arrested four people and seized computers, mobile phones and €600,000 (£515,000) in cash during searches at 16 properties across Brussels
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More than 150,000 people in Chad have been helped with lifesaving UK aid, including emergency food supplies, funded by £4.4 million recovered in a corruption case by the Serious Fraud Office (SFO).
The money was recovered from a series of corrupt transactions involving personnel and companies connected to staff at the Chadian Embassy in Washington, United States, and was the first time the UK has agreed to channel money from a civil corruption case into critical global aid projects.
The funding has gone to support vulnerable people in Chad - which has one of the highest levels of hunger in the world - with food rations, cash assistance and medical support.
LONDON, May 12 (Reuters) - KPMG faces a 14.4 million pound ($17.6 million) fine after admitting it misled regulators during spot checks on audits of construction group Carillion and software firm Regenersis.
The Financial Reporting Council (FRC), the British auditing regulator, told a London tribunal on Thursday that it was seeking a record 20 million pound fine, reduced to 14.4 million pounds because KPMG self-reported and cooperated.
"It was unjustifiable and wrong," KPMG's Chief Executive Jon Holt said in a statement, adding: "It was a violation of our processes and a betrayal of our values."
Ernst & Young, one of the top accounting firms in the world, is being fined $100 million by federal regulators after admitting its employees cheated on their ethics exams.
For years, the firm's auditors had cheated to pass key exams that are needed for certified public accountant licenses, the Securities and Exchange Commission found. Ernst & Young also had internal reports about the cheating but didn't disclose the wrongdoing to regulators during the investigation.
"It's simply outrageous that the very professionals responsible for catching cheating by clients cheated on ethics exams of all things," Gurbir S. Grewal, director of the SEC's Enforcement Division, said in a release.
The fine is the largest penalty ever imposed by the SEC on an audit firm.
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