October 21, 2021

Whistleblower gets redemption—and a fortune—in Olympus bribery case

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By Sue Reisinger, From Corporate Counsel When John Slowik, the new chief compliance officer at Olympus America Inc., discovered the company was paying bribes to win business, he reported it to his bosses. Their way of fixing the problem: they fired him. So Slowik blew the whistle. The outcome: Tuesday Olympus agreed to pay $646 million […]

In a first, SEC offers DPA to Exec accused of bribery

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By Sue Reisinger, From Corporate Counsel Two subsidiaries of Massachusetts software company PTC Inc. agreed to pay more than $28 million in civil and criminal penalties Tuesday to resolve federal investigations into payments for recreational trips for Chinese government officials, in violation of the U.S. Foreign Corrupt Practices Act. As part of the case, the Securities […]

U.K. Serious Fraud Office enters first deferred prosecution pact, with ICBC Standard Bank

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By Sue Reisinger, From Corporate Counsel ICBC Standard Bank on Monday agreed to pay $36.9 million in a global settlement with the U.S. and U.K. governments over a bribe paid to secure business with the Tanzanian government. The settlement marked the first time that the U.K.’s Serious Fraud Office (SFO) used a deferred prosecution agreement […]

The Editor Speaks: Data protection – a lot to read and digest

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The Cayman public has two months to digest the Data Protection Bill 2014. It seems a long time but with the draft bill being over 50 pages with legalistic writing you will need all that time. And you need to read it. The document speaks to the circumstances in which data is obtained, maintained and […]

Golden Frog Establishes Global Headquarters in Meggen, Switzerland

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Swiss Internet Privacy Laws Make the Country an Ideal Location for the Leading Provider of Privacy Software and Applications MEGGEN, SWITZERLAND — (Marketwired) — 01/15/14 — Golden Frog, a global software and internet application development company, announced today that is has selected Switzerland as the location for its global headquarters. The company, which provides privacy […]