World Acceptance agreed to pay $21.7 million to resolve claims that a former subsidiary in Mexico paid millions in bribes to that country’s government and union officials, the SEC said. The DOJ has declined to prosecute.
A planned $765 million government loan to Kodak is on hold. The U.S. levies sanctions on Hong Kong officials. And the EPA plans to adopt new rules that would rescind regulations for methane-gas emissions.
The U.S. government imposed sanctions on Kudakwashe Regimond Tagwirei and Sakunda Holdings for assisting Zimbabwean government officials involved in public corruption.
Companies should conduct thorough risk assessments and develop muscular internal controls to strengthen the oversight of blockchain-technology projects, according to new guidance from the Committee of Sponsoring Organizations of the Treadway Commission.
A consultant who used bribes to help two oil-services companies secure business with Brazilian state-owned Petróleo Brasileiro SA was fined and sentenced to probation.
The U.K.’s major economic crimes investigator has charged an Airbus subsidiary and three individuals in connection with a defense contract the country arranged with Saudi Arabia.
Stephen Whiteley, a former Iraq territory manager for Unaoil, was found guilty of one count of conspiracy to give corrupt payments this month.
The U.S. placed sanctions on a son of Syrian President Bashar al-Assad and a Syrian military unit in the latest move in an effort by the Trump administration to pressure the country’s regime to end a civil war.
Nordea Asset Management dropped Brazilian meat giant JBS SA from all its funds this month over concerns stemming from the company’s handling of deforestation, corruption charges and employee health and safety amid the coronavirus pandemic.
Sculptor Capital Management has agreed to pay $136 million to a group of former investors in a Congolese mine who were found by a court to be victims of a decade-old bribery scheme involving the hedge fund.
A ransomware attack against a vendor of SEI Investments compromised data from investors.
National banks and federal savings associations in the U.S. can provide cryptocurrency custody services for customers, a federal banking regulator said in a guidance letter intended to clarify the role of traditional financial institutions in the virtual-assets market.
The company reached a deferred-prosecution agreement in which it is cooperating with the federal government’s yearslong investigation, and agreed to pay restitution as well as $213.3 million in civil damages to settle claims related to federal health-care programs.
A former Unaoil Group manager was sentenced to five years in prison in the U.K. after he was found guilty of conspiring to bribe public officials in Iraq to secure a $55 million contract there, the U.K.’s white-collar-crime prosecuting agency said Thursday.
China said it would impose sanctions on 11 U.S. citizens, including Republican Sens. Ted Cruz and Marco Rubio, in retaliation for similar measures by Washington against Hong Kong and mainland Chinese officials.
The Environmental Protection Agency is preparing to end requirements that oil and gas producers detect and fix greenhouse-gas emissions.
Jimmy Lai, the publisher of Hong Kong’s widely read pro-democracy newspaper, Apple Daily, was arrested on suspicion of foreign collusion under a new national-security law that Beijing imposed on the city.
Several investment and technology firms are exploring a potential deal for the U.S. operations of TikTok, which is facing a Trump administration ban, but each would have to surmount hurdles at least as high as the Chinese platform’s main suitor, Microsoft.
A federal agency has put a planned $765 million loan to Eastman Kodak on hold after the deal came under congressional and regulatory scrutiny.
Wading into the technology battle between Washington and Beijing, the smartphone chip maker warns of potentially losing billions of dollars in sales because of export limits.
A top banking regulator has fined Capital One Financial $80 million over a 2019 hack that compromised the personal information of about 106 million card customers and applicants.
The U.S. has levied sanctions on a host of senior Chinese officials over Beijing’s Hong Kong policy, including the region’s Beijing-appointed chief executive, Carrie Lam.
Chinese companies with shares traded on U.S. stock exchanges would be forced to give up their listings unless they comply with American auditing requirements, under a Trump administration proposal.
President Trump issued a pair of executive orders imposing new limits on Chinese social-media apps TikTok and WeChat, escalating tensions with Beijing and effectively setting a 45-day deadline for an American company to purchase TikTok’s U.S. operations.
New York Attorney General Letitia James alleges that NRA insiders violated the state’s nonprofit laws by illegally diverting tens of millions of dollars from the group through excessive expenses and contracts that benefited relatives or close associates.
President Trump signed an executive order on Thursday to help increase production of essential medicines, medical equipment and protective gear in the U.S., trade adviser Peter Navarro said.
Ben Meng resigned after about a year and a half in the position, marking an abrupt exit for the investment chief, who set out to implement a reform agenda.
The State Department’s special envoy for Iran is stepping down from his post, having overseen the Trump administration’s “maximum pressure” campaign that impoverished the country without drawing Tehran back to the nuclear negotiating table.
The Securities and Exchange Commission is investigating the circumstances around Eastman Kodak’s announcement of a $765 million government loan to make drugs at its U.S. factories, according to people familiar with the matter.
The Justice Department is seeking as much as $18.1 billion from bankrupt opioid maker Purdue Pharma, a demand that could disrupt the company’s effort to reach a settlement with states and local communities that accuse it of helping fuel the opioid crisis.
The National Security Agency issued new guidance for military and intelligence-community personnel, warning about the risks of cellphone location tracking through apps, wireless networks and Bluetooth technology.
Anthony Levandowski, the engineer at the center of a yearslong legal battle between Google’s self-driving unit and Uber, was sentenced Tuesday to 18 months in prison on one count of stealing trade secrets.
A crucial moment in the worst hack in Twitter’s history was when a Florida teenager convinced a company employee that he was a co-worker, prosecutors say.
The tech giant’s plan to buy health-tracker Fitbit faces months of delays after the European Union’s antitrust enforcer launched an in-depth inquiry, echoing recent concerns raised by Australian regulators.
Bayer said it swung to a net loss of $11.23 billion in the second quarter on provisions for its multibillion-dollar settlement with plaintiffs alleging the company’s Roundup herbicides cause cancer, as the German firm slightly lowered its outlook due to the coronavirus pandemic.
Futures-exchange operator CME Group has agreed to pay a fine of up to $4 million to settle a long-running lawsuit with its regulator over accusations that former exchange employees leaked confidential trading information.
Chinese regulators are preparing punitive action against Luckin Coffee, less than four months after the company revealed that it had fabricated hundreds of millions of dollars in sales.
A special prosecutor in Switzerland has opened criminal proceedings against the president of soccer’s world governing body, Gianni Infantino, for alleged collusion with the country’s attorney general Michael Lauber during a Swiss federal investigation into FIFA.
Coronavirus victims and their families allege workplaces failed to protect them, including Safeway, Walmart and Tyson; employers said they took appropriate steps to combat the virus. The cases are part of an unfolding liability threat facing U.S. companies as many look to resume operations.
A national-security panel in 2019 increased its review of business deals involving foreign money, the first year after Congress ordered it to scrutinize such transactions more thoroughly, according to a new report.
A unit of American International Group agreed to pay $20 million to settle claims that it failed to disclose some promotional payments—the first case to emerge from an SEC crackdown on practices in the market for teachers’ retirement plans.
The European Union imposed sanctions on China over its treatment of Hong Kong, inching the bloc closer to the Trump administration’s more hawkish stance toward Beijing.
The New Zealand government suspended its extradition treaty with Hong Kong, joining the U.K. and others in protesting Beijing’s decision to impose a new security law on the city.
Big Tech will come under the national spotlight as four of its leaders face questions from members of Congress aiming to rein in what they believe is excessive power in the hands of a few giant companies.
Risk management, strategy and analysis written and compiled by Deloitte
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