Search

The article discusses the global fight against the concentration of control over production and communications in the hands of several corporations and countries. Topics covered include the U.S. antimonopoly policy, the threats posed by the concentration of capacity and control in global industrial systems and how the administration of U.S. President Joe Biden should force compliance with the system of quotas.

The article discusses the issue of commercial bribery in the U.S., a practice that is not recognized as an offense in many states, and in those where it is an offense, is not strictly enforced. The article addresses the economic impact of bribery on industry, focusing on its effect on prices and quality. The article notes efforts by the U.S. Federal Trade Commission to eliminate the problem. The article considers other forms of bribery, including gifts and entertainment, which some may feel more comfortable accepting over cash bribes. The subsidizing of salesmen to push certain products through cash and prize incentives is also discussed. The article provides some examples of industry efforts to recognize and dissuade members from engaging in commercial bribery.

The article focuses on legal disputes concerning the attainment of insurance coverage for cyber claims. Topics covered include the high cost of cybercrimes, the divergent nature of cyber liability exposures, and the coverage for cyber losses under traditional insurance policies. A discussion of the case Retail Ventures v. National Union Fire Insurance Co. involving a claim arising from a data breach is presented.

In this article the authors discuss how employers can use the Computer Fraud and Abuse Act (CFAA) against their employees who steal company data. They note the essential elements needed for civil claim including access to protected computer, access without authority or exceeding authority, and the damages brought by the action. They state that employers must have written policies and agreements to limit the authorization in computer usage and keep the used computers for evidence preservation.

The article focuses on the need for policy makers in Canada to design robust strategies that employ the right policy mix to address the contraband tobacco problem. It presents a study conducted by Fraser Institute entitled "Combating the Contraband Tobacco Trade in Canada," which explores several policies. It discusses tax agreements, tax revocation, and tobacco excise tax reduction as well as campaign to increase public awareness and increased enforcement against wholesalers and retailers.

The article offers hypothetical advice to CEO's that have received a call to testify before the United States Congress. The author presents an analysis of six Democratic committee chairmen. Included in the article are tips on what to do and what not to do if you are testifying in front of these chairmen.

Discusses the outlook for reforms of the United States Securities and Exchange Commission (SEC). Mention of SEC Chairman Harvey Pitt; Outlook for a budget increase for the SEC; Outlook for the policies of the SEC concerning corporate criminals in the U.S.; Employees of the commission; Criticism of Pitt.

The article informs that Walmart Inc. ended a seven-year investigation by the U.S. government over payments made to fast-track store openings in several countries by agreeing to pay more than 282 million U.S. dollars in penalties, as of June 2019. It reports that the firm's Brazilian unit admitted to violating a federal anti-bribery law.

The article informs that South African anti-corruption police are stepping up their investigation into alleged financial wrongdoing that caused the near collapse of Steinhoff International Holdings with the appointment of external forensic auditors and analysts, as of June 2019. It mentions that the Hawks assigned more people to a probe of the retailer after starting a fast-track process last month and the National Treasury is expected to approve the appointment of an auditor.

The article focuses on expectations for examinations of financial firms by the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC) that would focus more on anti-money laundering (AML) efforts. Topics include the continued scrutiny on Suspicious Activity Reports (SARs), the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) rules on customer due diligence, and the Compliance Outreach Program hosted by the SEC.

The article discusses anti-money laundering (ML) regulations that overseas regulators can use against the crime, even without the supporting hedge fund AML rule of the U.S. Financial Crimes Enforcement Network (FinCEN). The FinCEN rule was stalled at the proposal stage and there is no precise timetable as to the rule's approval, according to Gary Sutton, senior legal adviser for financial crimes at the U.S. Department of the Treasury. There are, however, international and foreign anti-AML rules in Great Britain and in the Caribbean Area.

The article focuses on the issue of plea bargaining employed by Great Britain's Serious Fraud Office (SFO) in dealing with corporate bribery and corruption. It mentions that SFO officials encourage troubled corporations to either agree a plea deal with them or face prosecution and heavy penalties. This plea bargaining issue is said to have given more problems to the British legal system. It is suggested that the country's anti-corruption policies need to be altered.

Modi's decision to remove high-value cash from circulation may backfire, leading to increased public debt [ABSTRACT FROM AUTHOR]

The article discusses money laundering in Manila, Philippines, including the Filipino government's creation of Anti-Money Laundering Council (AMLC), corruption in the country's government and the government's policy on money laundering at the Solaire Resort and Casino in Manila.

The article reports on a new rule issued by the Financial Crimes Enforcement Network that covers reports of foreign financial accounts, which offers relief through exemptions for certain people with signature or other authority over foreign financial accounts.

The article reports on the prosecutorial zeal of the administration of U.S. President George W. Bush in fighting white-collar crime, depicted in part as an effort to offset Bush's image as too close to business. The conviction on charges of mail fraud and obstruction of justice of Canadian-born press baron Conrad Black is discussed, and the prosecutions of employees of accounting firm KPMG and former Brocade Communications head Gregory Reyes are mentioned.

Reports on the implementation of the final rule announced on May 3, 2006 by the U.S. Financial Crimes Enforcement Network (FinCEN), which requires mutual funds to file Suspicious Activity Reports on suspicious transactions. Uniformity of the rule with reporting requirements for other financial institutions; Categories of transactions that require reporting under the rule; Assistance from the FinCEN to help mutual funds in reporting.

Reports on the effects of legislation dealing with white collar crime on Canadian corporate accountability in 2004. Inclusion of Criminal Code amendments to ensure corporate accountability for workplace safety; Liability on corporations for dangerous products; Potential damage corporate crime has on the national economy.

Examines the proposal of U.S. President George W. Bush and his administration to reform the corrupt practices of corporations. Suggestion to impose criminal penalties for executives involved on financial frauds; Impact of corporate corrupt practices on the economy; Concerns of the Republican Party and the Bush administration on the state of the economy and investment market.

Discusses the arrest of Jiri Tesar and Libor Prochazka, the chaiman and deputy chairman of the partly state-owned Investicni a Postovni Banka in the Czech Republic. The charges of embezzlement and illegal business practices; The creation of a financial-crime squad by Czech Prime Minister Vaclav Klaus; The assertion that Tesar and Prochazka are innocent.

Provides update on rules and regulations in the United States (US). Details on a 1996 law that gave the US Internal Revenue Service a tool to curb financial abuses and other public charities; Information on the Charitable Gift Fund established by Fidelity Investments.

The article focuses on the Financial Crimes Enforcement Network (FinCen) Director Jennifer Shasky Calvery commenting publicly about credit unions not submitting Suspicious Activity Report (SAR) and Currency Transaction Report (CTR). It advises that FinCen should restrict itself from blaming credit unions publicly and instead handle it more professionally by working out to correct the problem.

Explores on the continues United States federal investigations on the possibility of inside trading on the business deal of International Business Machines Corporation (IBM) and Lotus Development Corporation in 1995. Two men with charges of perjury in connection with federal investigation of the case; Suspects that has pleaded guilty and not guilty.