Bribery Schemes – Article ( Articles ) Bribery Schemes (BS) Introduction BS are illegal practices that involve the exchange of money, goods, or services to influence the actions of an official or other person in a position of authority. These schemes can take many forms and can occur in various sectors, including government, business, and […]
Day: November 21, 2024
CFPB-PR-241121-1 (11-21-24) CFPB Finalizes Rule on Federal Oversight of Popular Digital Payment Apps to Protect Personal Data, Reduce Fraud, and Stop Illegal “Debanking” – Final rule brings supervision to Big Tech and other widely used digital payment apps handling over 50 million transactions annually Excerpt: WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today finalized […]
FCPA Violations – Article ( Articles ) FCPA Violations (FCPAV) Understanding the Implications and Consequences The Foreign Corrupt Practices Act (FCPA) is a crucial piece of legislation in the United States that aims to combat corruption and bribery in international business transactions. Violations of the FCPA can lead to severe penalties for companies and individuals involved. This article explores […]
SEC-PR-2024-183 (11-21-24) SEC Charges Advisory Firm La Mancha and its Owner David Kushner with Fraud – Defendants, who purported to make business loans, including to professional athletes, allegedly stole investor funds to pay for personal expenses Excerpt: Washington D.C., Nov. 21, 2024 — The Securities and Exchange Commission today charged David Kushner, a resident of […]
SEC-PR-2024-182 (11-21-24) SEC Chair Gensler to Depart Agency on January 20, 2025 – Gensler implemented reforms to enhance efficiency, resiliency, and integrity in U.S. capital markets; agency held wrongdoers accountable and returned billions to harmed investors. Excerpt: Washington D.C., Nov. 21, 2024 — The Securities and Exchange Commission today announced that its 33rd Chair, Gary […]