A firm settled FINRA charges for failing to establish a reasonable AML program designed to report suspicious transactions, and for failing to respond reasonably to red flags associated with China-based accounts.
A China-based coffee company settled SEC charges for materially misstating revenue, expenses and net operating losses in order to give investors the false impression of rapid growth and increased profitability, and to satisfy earnings estimates.
A direct selling company headquartered in California settled DOJ and SEC charges for violating the Foreign Corrupt Practices Act by bribing Chinese government officials. The company sells health and personal care products in over 90 countries.
The United States Attorney filed a superseding indictment against the China-based technology manufacturing company Huawei and several U.S.-based subsidiaries adding new counts of racketeering, money laundering, and violating U.S. sanctions against Iran.
A Wisconsin-based marketing solutions and printing graphics services provider settled SEC charges that it violated the Foreign Corrupt Practices Act, in connection with the conduct of various bribery schemes conducted by its subsidiaries in China and Peru.