Walmart fcpa

A Walmart compliance officer who helped to uncover the company’s FCPA scandal nine years ago has filed a lawsuit against the retailer, accusing executives there of firing him on trumped up charges because he refused to water down his report about the corruption he found. Shane Perry, who worked for Walmart from 2002 until he…

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Walmart fcpa

All weekend I’ve contemplated what to say about Walmart’s FCPA settlement. Quick minds in ethics and compliance have already pumped out paragraph after paragraph dissecting the case, and more minds will pump out more paragraphs still, before everything is said about this landmark case. Except, the Walmart case isn’t a landmark, really. Read the statement…

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Walmart fcpa

Another year, another eye-popping amount of money spent by Walmart on its long-running FCPA investigation—with no end in sight. Walmart spent $99 million on FCPA matters last year, according to the annual report it published March 31: $80 million for the investigation itself, plus another $19 million spent on “enhancements to its global compliance program.”…

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compliance 2017

Welcome back to the grind, everyone! Before we all go back to audit committee meetings, anti-corruption training, and committing your travel budget before the CFO implements a freeze, let’s take a look at what events in 2017 will carry big consequences for the compliance community. The arrival of the Trump Administration in particular sets up…

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Walmart fcpa

Walmart filed its latest quarterly report last Thursday, and compliance officers know what that means: another update on the company’s long-running FCPA investigation. This quarter’s tally was $29 million. Of that amount, $24 million related to the ongoing investigation, another $5 million devoted to “global compliance and organizational improvements.” For the first three quarters of…

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Welcome back to the grind, everyone! Before we all get sucked back into the world of audit committee meetings, proxy season preparation, and committing your travel budget now before the CFO implements a freeze, let’s pause to contemplate some potentially significant events in 2016 for compliance, audit, and risk professionals. Lord knows we have plenty…

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