bribery

Ad Giant WPP Fined $19M for FCPA Violations
Risk & Compliance

Ad Giant WPP Fined $19M for FCPA Violations

The SEC says the company failed to properly supervise subsidiaries in foreign countries, resulting in bribery and other illicit schemes.
By Matthew Heller | September 24, 2021
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Deutsche Bank Fined $132M Over Bribery Schemes
Risk & Compliance

Deutsche Bank Fined $132M Over Bribery Schemes

U.S. authorities say the scandal-plagued bank made improper payments to politically-connected intermediaries to secure business overseas.
By Matthew Heller | January 11, 2021
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Goldman Sachs to Claw Back Exec Bonuses and Cut Compensation
Risk & Compliance

Goldman Sachs to Claw Back Exec Bonuses and Cut Compensation

Goldman Sachs also agreed to pay more than $2.9 billion as part of a deferred prosecution agreement with the U.S. Department of Justice.
By Lauren Muskett | October 23, 2020
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Herbalife Fined $123M Over China Bribe Scheme
Risk & Compliance

Herbalife Fined $123M Over China Bribe Scheme

U.S. authorities say the company paid off Chinese governmental officials to win favorable treatment in one of its largest markets.
By Matthew Heller | August 31, 2020
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SEC Charges Consumer Loan Company With FCPA Violation
Risk & Compliance

SEC Charges Consumer Loan Company With FCPA Violation

World Acceptance's former Mexico subsidiary paid more than $4 million in bribes to Mexican officials, said the SEC.
By Vincent Ryan | August 7, 2020
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Alexion Fined $21M in Foreign Corruption Probe
Risk & Compliance

Alexion Fined $21M in Foreign Corruption Probe

The SEC says the biotech firm made improper payments to Turkish and Russian officials to secure favorable treatment for its main drug.
By Matthew Heller | July 3, 2020
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Novartis Settles U.S. Bribery Charges
Risk & Compliance

Novartis Settles U.S. Bribery Charges

The pharma giant will pay more than $346 million to settle charges that it bribed doctors to prescribe their drugs.
By Lauren Muskett | June 26, 2020
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Cardinal Health Fined $8M for FCPA Violations
Risk & Compliance

Cardinal Health Fined $8M for FCPA Violations

The SEC says Cardinal employees made improper payments to boost the sales of a skincare company whose products they were distributing in China.
By Matthew Heller | March 2, 2020
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Ericsson to Pay $1B in 2nd-Largest FCPA Case
Risk & Compliance

Ericsson to Pay $1B in 2nd-Largest FCPA Case

“Through slush funds, bribes, gifts, and graft, Ericsson conducted telecom business with the guiding principle that ‘money talks.'"
By Matthew Heller | December 9, 2019
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IFF Discloses ‘Improper Payments’ by Israel Unit
Risk & Compliance

IFF Discloses ‘Improper Payments’ by Israel Unit

The flavorings giant says its investigation indicates senior officials of Frutarom were aware of the payments to customers in Russia and Ukraine.
By Matthew Heller | August 7, 2019
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Fresenius Medical Fined $231M in Bribery Probe
Risk & Compliance

Fresenius Medical Fined $231M in Bribery Probe

The German medical device company allegedly paid $31 million in bribes to doctors and public health officials in at least 17 countries.
By Matthew Heller | April 1, 2019
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Insys Shares Dive on ‘Going Concern’ Doubts
Financial Reporting

Insys Shares Dive on ‘Going Concern’ Doubts

The opioid seller's auditor expressed "substantial doubt" about its ability to continue as a going concern.
By Matthew Heller | March 14, 2019
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Cognizant Settles Foreign Bribery Charges
Risk & Compliance

Cognizant Settles Foreign Bribery Charges

The company allegedly paid bribes when it was building a campus in Chennai, India.
By Lauren Muskett | February 15, 2019
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Credit Suisse Settles Foreign Bribery Investigations
Risk Management

Credit Suisse Settles Foreign Bribery Investigations

The SEC said ‘relationship hires’ allowed the bank to win millions in business in the Asia-Pacific region.
By William Sprouse | July 5, 2018
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Panasonic Fined $280M Over Airline Scheme
Risk & Compliance

Panasonic Fined $280M Over Airline Scheme

The company's avionics unit allegedly provided a lucrative consulting job to an official of a government airline with which it was doing business.
By Matthew Heller | April 30, 2018
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