As we begin the post-holiday portion of our 4thof July week, Jay Rosen and myself are back in the saddle again to take a look at some of the top compliance stories from the past week.

  1. Credit Suisse settles with DOJ and SEC for its illegal hiring of family members of Chinese government officials, in violation of the FCPA. See Justice Department NPA here. Dick Cassin reports ion the SEC settlement in the FCPA Blog. See SEC Administrative Order here.
  2. What is Homeland Security Investigations and how does it help in FCPA Investigations. Clara Hudson reports in Just Anti-Corruption.
  3. ZTE starts its come back by changing its senior management. Sam Rubenfeld reports in WSJ Risk and Compliance Journal.
  4. Jim Beam goes down harshly with a FCPA violation in India. Henry Cutter reports in the WSJ Risk & Compliance Journal. See SEC Adminstrative Orderhere.
  5. The former Prime Minister of Malaysia is arrested for corruption around the 1MDB scandal. Hannah Beech and Austin Razmy report in the New York Times.
  6. Matt Kelly explores two parts of compliance in a discussion of Michigan State and Larry Nassar. The first is escalation and tone at the top. The second is institutional repair through procedure and transparency. See his article in Radical Compliance.
  7. Should there be a difference reimbursement/remediation program in the Och-Ziff matter. Africo Resources says yes and makes their case to the DOJ. Kelly Swanson reports in GIR. (sub Req’d)
  8. Why should investigators prepare for Artificial Intelligence? Peter Humphreys explores in Global Investigation Review(sub req’d)
  9. Two great compliance events in Houston next week and both events are free. First the Greater Houston Business and Ethics Roundtable holds in members’ only summer workshop Thursday July 12. For information and registration, click here. Second Jonathan Marks will present to the Houston Compliance Roundtable on Friday July 13 at 8-9 AM. For more information, contact Tom Fox.

For more information on how an independent monitor can help improve your company’s ethics and compliance program, visit our sponsor Affiliated Monitors at www.affiliatedmonitors.com.

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