- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-05-03T21:13:00
Michigan-based medical equipment manufacturer Stryker disclosed it is investigating whether certain of its business activities might have violated the Foreign Corrupt Practices Act (FCPA).
Stryker said in a regulatory filing with the Securities and Exchange Commission (SEC) on Tuesday it hired outside counsel to conduct an investigation. The company didn’t name in which country outside the United States the questionable activities might have occurred.
Stryker said it’s been contacted by the SEC and the Department of Justice and is “cooperating with both agencies.”
2023-05-12T14:19:00Z By Aaron Nicodemus
Dutch conglomerate Royal Philips will pay more than $62 million to settle allegations it violated the Foreign Corrupt Practices Act when its subsidiaries engaged in improper conduct to win contracts in China.
2023-04-26T19:46:00Z By Aaron Nicodemus
Dutch oilfield services provider Frank’s International agreed to pay nearly $8 million as part of a settlement with the Securities and Exchange Commission for allegedly paying bribes to influence oil drilling contracts in Angola.
2023-03-07T20:02:00Z By Aaron Nicodemus
Ireland-based gaming and sports betting company Flutter Entertainment will pay a $4 million fine to resolve SEC charges payments made to Russian consultants by a company it acquired violated the Foreign Corrupt Practices Act.
2025-06-19T19:28:00Z By Ruth Prickett
Fraud now accounts for around 40% of all crime in the U.K., posing a major problem for banks and consumers. Ted Datta, head of industry practice for financial crime compliance at Moody’s, warns that the risk is growing fast.
2025-06-16T18:04:00Z By Neil Hodge
Trying to put rules in place to oversee an industry that has grown largely outside of regulation is not without serious challenges. But the UK’s Financial Conduct Authority’s (FCA) latest consultation aims to attract industry views about how some key aspects of crypto trading should be regulated ahead of planned ...
2025-06-12T15:51:00Z By Neil Hodge
Europe’s pioneering data protection legislation turned seven years old in May, but the compliance and enforcement difficulties that have dogged the rules since they came into force look set to present both companies and data regulators with fresh headaches for some time to come.
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