Teva Pharmaceuticals Industries Ltd. agreed Thursday with the DOJ and SEC to resolve FCPA violations through a deferred prosecution agreement and total payments of $519 million.
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Israel's Teva Pharmaceutical said in a securities filing Tuesday it has reserved $520 million for an FCPA settlement.
An Austrian court Thursday refused to extradite a pro-Russia Ukrainian energy magnate to the U.S., saying FCPA and related charges against him were politically motivated.
BOTA was the first foundation established to restitute assets associated with an FCPA prosecution to victims of corruption. What were its key lessons that could be relevant to future foundations established for the same purpose?
On April 26, a new law requiring companies to have compliance programs will come into effect in Ukraine. The law applies to almost all companies participating in public tenders and to state owned enterprises over a certain size. Among other things, it requires companies to appoint a compliance officer with responsibility for implementing the compliance program and reporting to shareholders.
Ukrainian police interrupted a televised cabinet meeting Wednesday and marched two officials away in handcuffs for suspected graft.
What had been planned as a protest Sunday against President Vladimir Putin's government became instead a somber march in memory of an opposition leader who was shot and killed just steps from the Kremlin.
The 2014 World Misery Index ranks 108 countries for how much "misery" the people in a country are experiencing. The amount of misery is arrived at by adding the unemployment, inflation, and bank lending rates, and subtracting the percentage change in real GDP per capita. A higher misery index score reflects higher levels of “misery.”
As the world focuses attention on the conflict in Ukraine, it focuses on corruption in Ukraine. In the words of Vice President Biden, Ukraine must “fight the cancer of corruption.” It appears that the government is now moving in this direction.
Since the start of the Ukraine crisis, NATO Secretary General Anders Fogh Rasmussen has called on NATO countries to increase defense spending. Poland has announced plans to accelerate a major military modernization program. And Latvia, Lithuania, Romania and the Czech Republic have all promised to increase their defense spending.