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Us Authorities

All articles tagged with #us authorities

business2 years ago

"SAP Settles $230 Million Bribery Charges with U.S. Authorities"

SAP, the German enterprise tech company, will pay over $230 million to settle bribery charges with U.S. authorities, accused of violating the Foreign Corrupt Practices Act by bribing government officials in Indonesia and South Africa. The company will enter a deferred prosecution agreement and pay a $98 million disgorgement to the SEC, totaling over $235 million. This is the second time SAP has settled bribery allegations with U.S. regulators, and the company stated that the past conduct of certain former colleagues and partners does not reflect its values or commitment to ethical behavior.

via CNBC|
#bribery#business#foreign-corrupt-practices-act
kidnapping2 years ago

American Nurse and Child Kidnapped in Haiti: New Hampshire Woman Alix Dorsainvil and Her Child Abducted, Confirms Nonprofit Organization

An American nurse and her child have been kidnapped in Haiti while serving in their community ministry on El Roi Haiti's campus near Port-au-Prince. The nurse, Alix Dorsainvil, had moved to Haiti to provide nursing care for children at a Haitian school. US authorities are working with Haitian authorities to ensure the safety and security of the kidnapped individuals.

via CNN|
#abduction#american-nurse#christian-humanitarian-aid
finance2 years ago

Credit Suisse Accused of Aiding Tax Evasion Scheme for Wealthy Americans

Credit Suisse helped ultra-wealthy Americans evade taxes by hiding millions in assets, violating a 2014 plea agreement with U.S. authorities, according to a Senate panel report. The report found that Credit Suisse failed to report the transfer of $100 million in accounts of a U.S. family with dual citizenship to offshore accounts without notifying the Justice Department. Credit Suisse has implemented policies to root out individuals seeking to hide assets from U.S. tax officials and said it does not tolerate tax evasion. The bank is being acquired by UBS under a deal engineered by the Swiss government.

via The Washington Post|
#credit-suisse#finance#offshore-accounts
finance2 years ago

US Considers Further Bank Support Amid First Republic's Troubles

US authorities are considering expanding an emergency lending facility to offer more support to banks, which could give First Republic Bank more time to strengthen its balance sheet. While any changes to the Federal Reserve's liquidity offerings would apply to all eligible users, the adjustments could be designed to ensure that First Republic benefits from the changes. U.S. banks have sought record amounts of emergency liquidity from the Federal Reserve in the past month after the failures of Silicon Valley Bank and Signature Bank.

via Reuters.com|
#emergency-lending-facility#federal-reserve#finance
finance2 years ago

First Republic Bank's Stock Struggles Amidst Regulatory Concerns

US authorities are considering expanding an emergency lending facility for banks, which could give First Republic Bank more time to shore up its balance sheet. Regulators see First Republic as stable enough to operate without immediate intervention, but are keeping a close eye on the firm's health and progress. An expansion of the Federal Reserve's liquidity offerings is among options authorities have weighed in recent days, but any change would have to be broadly based, rather than aimed at helping a particular bank.

via Yahoo Finance|
#balance-sheet#emergency-lending-facility#finance