Fluor pays out millions over ‘improper accounting’ on Shell Penguins FPSO
The SEC highlighted problems with the subcontractor bid, which was handling fabrication of the Shell Penguins FPSO.
Securities and Exchange Commission (SEC)
More climate litigation coming for directors
“Personal claims against directors may be a potential area of growth. Directors will have to take the threat seriously, as they have an impact on their professional and personal lives,” Calvert warned.
Honeywell settles Brazil, Algeria bribe cases for $159mn
"For years, Honeywell neglected to implement sufficient internal accounting controls to mitigate against known corruption risks in countries like Brazil and Algeria," said Charles Cain, Chief of the SEC Enforcement Division’s FCPA Unit.
Credit Suisse settles up on Mozambique fraud
Credit Suisse and VTB have reached agreements with UK and US authorities to settle issues arising from arranging financing for Mozambique.
SEC charges electric truck ex-CEO with fraud
The US Securities and Exchange Commission (SEC) has charged former CEO of Nikola Corp. with fraud.
Banker agrees to settle bribes-for-power case
A banking executive in Ghana, Asante Berko, has agreed to pay a penalty to the US Securities and Exchange Commission (SEC).
ESG finance poses risks but offers plenty of sustainable opportunities
Everyone you talk to agrees environmental, social, and governance (ESG) is critical to finance. Where people differ, though, is how best to achieve the goals this timely initialism sets out to capture.
UK considers SPAC opportunity as US market booms
Special purpose acquisition companies (SPACs) are having a moment in the sun in the US and the UK is considering how best to secure a piece of the action.