Compendium Roundup: November 2016

Compendium Roundup: November 2016

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December 02, 2016

This month, JPMorgan Chase & Co. agreed to pay more than US $264 million in penalties, disgorgement and interest to the Federal Reserve Board of Governors, U.S. Department of Justice and U.S. Securities and Exchange Commission to resolve allegations that a subsidiary had misused an employment referral program to obtain business by making employment and internship decisions based on referrals by officials at state-owned enterprises in China.

Rio Tinto Group self-disclosed an internal investigation into potentially improper payments of US $10.5 million to a governmental consultant in the United Kingdom and the United States. The payments allegedly were related to the development of a mine in Guinea. The company also disclosed that it terminated the chief executive of the company’s Energy & Minerals segment and the executive of its Legal & Regulatory Affairs group.

Canadian authorities charged the president of Canadian General Aircraft with violating the Canadian Corruption of Foreign Public Officials Act when he conspired to bribe Thai military officials to purchase a jet from Thai Airways. The investigation did not turn up evidence that any officials were actually bribed or played a role in the conspiracy.

Visit the TRACE Compendium to view the complete entries, along with other updates from this month. 

Technology Makes Huge Leaks Possible; Can it Also Make Them Unnecessary?
The TRACE Matrix: Measuring and Mapping Business Bribery Risk
Justina Song Compendium Roundup: November 2016


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