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.
Entries in Whistleblower (133)
HSBC said in a statement Thursday that French magistrates ordered a formal criminal investigation ("mise en examen") into HSBC’s Swiss Private Bank for alleged tax-related offenses.
The Securities and Exchange Commission announced its first enforcement action Wednesday against a company for using restrictive language in confidentiality agreements that could illegally stifle whistleblowing.
Job Title: Program Coordinator Europe and Central Asia, Whistleblowing Program
Employer: Transparency International
Location: Berlin, Germany
For good reason, Shearman & Sterling's Recent Trends and Patterns in the Enforcement of the Foreign Corrupt Practices Act is often called the most useful annual resource available for compliance professionals.
Medical device maker ev3 Inc. agreed to pay $1.25 million to resolve allegations that it caused some hospitals to unnecessarily admit Medicare patients for an outpatient procedure to open hardened arteries, the Justice Department said Thursday.
Global pharma Daiichi Sankyo Inc. agreed to pay the United States and state Medicaid programs $39 million to resolve allegations that it paid kickbacks to doctors so they would prescribe the company's drugs.
Document storage firm Iron Mountain paid $44.5 million to resolve allegations under the False Claims Act that it overcharged federal agencies.