Securities regulators are considering charges against Bank of New York Mellon, alleging that it violated federal bribery laws by giving internships to relatives of foreign officials to win business managing investments for their country. The Bank of New York Mellon disclosed in a regulatory filing that Securities and Exchange Commission investigators told them...

French power and transportation company, Alstom S.A. (Alstom), has agreed to pay a $772,290,000 fine to resolve charges relating to tens of millions of dollars in bribes in countries around the world, including Indonesia, Saudi Arabia, Egypt and the Bahamas. According to the companies' admissions, Alstom, Alstom Prom, Alstom Power and Alstom Grid, through...

Avon Products Inc. settled its case involving foreign bribes by paying $135 Million, which is the third largest settlement against a U.S. company for foreign bribes, ever. The case was brought by the Securities and Exchange Commission (SEC) and related to Avon China's business unit. The government alleged that Avon's subsidiary in China paid...

Bio-Rad Labs, a diagnostic and life sciences company, has agreed to pay $55 million to settle U.S. Securities and Exchange Commission charges that it violated the Foreign Corrupt Practices Act when its subsidiaries made improper payments to foreign officials in Russia, Vietnam and Thailand to win business. The SEC said Bio-Rad lacked sufficient internal controls...

The Dutch aerospace firm Fokker Services B.V. violated Πthe Iranian Transactions and Sanctions Regulations and Sudanese Sanctions Regulations by exporting aircraft spare parts to Iranian customers that it either procured or had repaired in the United States specifically to fill an Iranian customer order. The U.S. Treasury has fined Fokker Services...

Swiss Bank UBS could face a fine of $6.2 billion for France could impose a fine of 4.9 billion ($6.2 billion), for allegedly helping its French clients hide money in offshore accounts. When the U.S. fined Credit Suisse Group $2.6 billion in May, the Justice Department said it was the biggest...

The European Commission has made preliminary findings that Apple has benefited from illegal state aid after arranging deals with Irish officials in secret, resulting in Apple paying less than 2% corporate tax for several years. The Commission says it will publish its preliminary decision this week which will explain...

A U.S. District Judge on Thursday penalized California-based tech giant Hewlett-Packard Co. and its subsidiaries in Russian, Poland and Mexico a combined sum of $108 million after it conceded to charges of paying off government authorities in Russia, Poland and Mexico to secure huge technology contracts with the prosecutor's general office in that nation.The...