The Compliance Lady
Compliance news and commentary
Category: FCPA
Samsung Heavy Industries to pay $149M to settle corruption probe in Brazil
South Korean shipbuilder Samsung Heavy Industries (SHI) agreed on Monday to pay $149M in a leniency agreement with Brazilian authorities to resolve investigations into acts of corruption and money laundering. 15 months earlier, the shipbuilder resolved similar allegations with U.S. Authorities. Members-only content. While… Continue Reading “Samsung Heavy Industries to pay $149M to settle corruption probe in Brazil”
Deutsche Bank fined over $130M to Resolve Bribery and Fraud Violations
Deutsche Bank has agreed to pay US authorities nearly $130M and entered into a DPA to resolve allegations that it breached bribery and fraud laws. A network of consultants in the UAE and Saudi Arabia were used to funnel bribes to clients. Commodities trading… Continue Reading “Deutsche Bank fined over $130M to Resolve Bribery and Fraud Violations”
Multinational Companies Return Money to South Africa after Corruption Probes
What is happening in South Africa lately is so interesting. The results of the so-called “State Capture” investigation have produced some striking findings. South African authorities have investigated how several multinationals contracted with State-owned entities via the Gupta brothers (now exiled in Dubai), who in… Continue Reading “Multinational Companies Return Money to South Africa after Corruption Probes”