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FCPA Blog Daily News

Entries in Andrew Ceresney (23)

Thursday
Oct062016

SEC brings its first stand-alone whistleblower retaliation action

The SEC last week brought its first enforcement action based solely on retaliation against a whistleblower. Casino-gaming company International Gaming Technology (IGT) agreed to pay a $500,000 penalty to settle the SEC's enforcement action.

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Thursday
Sep012016

SEC: 14,000 tips later, whistleblower award program has ‘transformed the agency’

After this week's $22 milion award to a whistleblower, SEC leaders called the whistleblower program a game changer that has transformed the SEC's ability to protect investors.

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Monday
Jun132016

Huge whistleblower payout: SEC awards ‘company insider’ $17 million

The Securities and Exchange Commission awarded $17 million to a whistleblower Thursday, the second biggest payment since its whistleblower program began nearly five years ago.

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Thursday
Apr072016

Las Vegas Sands pays $9 million to settle China, Macau FCPA offenses

Image courtesy of LVSLas Vegas Sands Corp. agreed Thursday to pay a $9 million penalty to settle charges that it violated the Foreign Corrupt Practices Act by failing to properly authorize or document millions of dollars in payments to a consultant hired to help it do business in China and Macau.

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Friday
Mar182016

Marshall and Filoromo: No SEC whistleblower awards yet for FCPA tips, but big incentives are there

Since the inception of the SEC Whistleblower Program, the agency has paid $57 million in awards to 26 whistleblowers. From the information released by the SEC Office of the Whistleblower, however, none of these awards was based on information about FCPA violations.

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Wednesday
Nov112015

Feds as thought leaders: A back-door compliance defense takes shape

Assistant Attorney General Leslie Caldwell said last week the DOJ's hiring of a compliance counsel doesn't mean the agency is "moving toward recognizing or instituting a 'compliance defense.'"

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Monday
Nov092015

SEC: We protect compliance officers, except when we prosecute them

Andrew Ceresney, head of the SEC's enforcement division, delivered the keynote last week to the National Society of Compliance Professionals at the group's annual event in DC.

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Thursday
Nov052015

SEC limits award to $325,000 for ‘hesitant’ whistleblower

The Securities and Exchange Commission Wednesday announced a whistleblower award of $325,000 to a former investment firm employee who missed a bigger payout by waiting too long before tipping the agency about a fraud.

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Thursday
Oct012015

SEC charges two Grant Thornton firms with violating auditor independence rules

The Securities and Exchange Commission Thursday charged Grant Thornton India LLP and Australia-based Grant Thornton Audit Pty Limited with auditor independence violations.

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Monday
Sep282015

Hitachi pays $19 million in FCPA settlement for South Africa bribes

The Securities and Exchange Commission Monday charged Tokyo-based conglomerate Hitachi, Ltd. with violating the Foreign Corrupt Practices Act when it inaccurately recorded improper payments to South Africa’s ruling political party in connection with contracts to build two multi-billion dollar power plants.

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Thursday
Sep102015

Audit gone bad: SEC charges BDO and five partners for ignoring red flags

The Securities and Exchange Commission Wednesday charged national audit firm BDO USA with ignoring multiple red flags and issuing false and misleading unqualified audit opinions for staffing services company General Employment Enterprises.

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Tuesday
Aug182015

BNY Mellon pays $15 million in FCPA settlement for internship hiring practices

The Securities and Exchange Commission Tuesday said BNY Mellon agreed to pay $14.8 million to settle charges that it violated the Foreign Corrupt Practices Act by providing valuable student internships to family members of foreign government officials affiliated with a Middle Eastern sovereign wealth fund.

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