What is the FEPA and What Does it Mean for Businesses?
Article by Akarachi Ekeh, FBR Intern Class 2023-2024 The Foreign Extortion Prevention Act (FEPA), enacted on December 22, 2023, as part of the National Defense Authorization Act for Fiscal Year 2024, stands as a pivotal addition to U.S. anti-corruption legislation. It addresses a crucial aspect often overlooked by its predecessor, the Foreign Corrupt Practices […]
JP Morgan Hit with $18 Million Penalty for Gagging SEC Whistleblowers
On January 16, 2024, the Securities and Exchange Commission (SEC) announced that J.P. Morgan Securities LLC (JPMS) agreed to pay an $18 million fine to resolve charges over violating whistleblower protection. According to the SEC order, from March 2020 through July 2023, JPMS routinely compelled certain advisory clients and brokerage customers receiving over $1,000 in credits or […]
SAP Fined Over $220 Million For Bribery and Corruption
On January 10, the Securities and Exchange Commission (SEC) and Department of Justice (DOJ) announced settled charges against SAP, a multinational tech company, for violations of the Foreign Corrupt Practices Act (FCPA). The Germany-based company was accused of bribing government officials in South Africa, Malawi, Kenya, Tanzania, Ghana, Indonesia, and Azerbaijan. However, this is not the […]
ArcelorMittal Employees – Know Your Rights
ArcelorMittal received over 200 reports of fraud last year, but the company found none to be significant. If you are a whistleblower who reported bribery or corruption, you may be surprised to hear that reporting to the company is not your only option. If you have witnessed serious fraud, such as bribery or corruption, you […]
Corporate Enforcement Actions On The Rise
In recent years, the United Kingdom has witnessed a significant increase in corporate enforcement actions, as regulatory agencies and law enforcement agencies intensify their efforts to hold corporations accountable for wrongdoing. This surge in enforcement actions reflects a growing emphasis on corporate compliance, transparency, and ethical conduct in the business world. In this article, we […]
Should I Use the Brinks Compliance and Ethics Whistleblower Hotline?
Becoming a whistleblower can be daunting, but if you work at a company like Brink’s, becoming a whistleblower could be easier and more rewarding than you think. This is because Brink’s is regulated by the U.S. Securities and Exchange Commission (SEC), which means that employees of Brink’s are able to participate in the SEC whistleblower […]
