The Securities and Exchange Commission said the whistleblower who received the first award under its Dodd-Frank program more than two years ago will collect $150,000 more, thanks to the agency recovering more funds in the case.
Entries in Whistleblower (93)
Discipline authorities in north-central China’s Shanxi province have launched an investigation into a subsidiary of China Coal Energy Company Limited, following allegations it offered gifts and cash worth 1.63 million yuan ($263,098) to local government officials during the Mid-Autumn Festival last year.
Rolls-Royce has launched a 24-hour "ethics hotline" for employees to report concerns about bribery. The company also promised to claw back any bonuses awarded to managers who are found to be involved in corruption.
A friend of the court (amicus) brief explaining the fundamentals of compliance programs should be prepared, possibly by a new working group led by former DOJ and SEC officials, facilitated by the Rand Center for Corporate Ethics and Governance. The door is open for the opportunity.
Big pharma Baxter International said Friday the DOJ and SEC have closed their FCPA investigations and the agencies won't take further action.
The Securities and Exchange Commission filed a "friend-of-the-court" brief on Thursday, arguing that whistleblowers are entitled to protection from employer retaliation, even if they report the wrongdoing only to their employer and not to the SEC.
The Australian Securities & Investments Commission (ASIC) issued guidance on Tuesday to explain how it will protect whistleblowers and handle their reports.
Here's the latest FCPA disclosure from oil field services firm Halliburton Company from its Form 10-K filed with the SEC on February 7:
The Department of Justice sued Kellogg, Brown & Root (KBR) Services Inc. Thursday for taking kickbacks from two subcontractors and filing false reimbursement claims with the government.
On January 22, the ABA will host a panel discussion with the directors of three federal whistleblower programs: the SEC, CFTC and IRS. The program will provide an overview of the whistleblower programs and address hypothetical ethical situations often faced by whistleblowers and their attorneys.