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Tinder exec: I had to protect the company from my own story - Gazprom Issued Request To Polish Watchdog To Stop Nord Stream 2 Antitrust Investigation - Royal Bank of Scotland pays $4.9 billion for crisis-era misconduct - And More
8/16/2018 2:03:00 PM

Headlines

Tinder exec: I had to protect the company from my own story

 

Gazprom Issued Request To Polish Watchdog To Stop Nord Stream 2 Antitrust Investigation

 

Royal Bank of Scotland pays $4.9 billion for crisis-era misconduct

 

American Cable Association Urges Appeals Court to Reverse AT&T Antitrust Decision

 

Argentina’s ex-president answers bribery allegations

 

Keep bribes quiet for 10 years, FIFA won't punish you

 

ICE agent gets 3 years for helping immigrants avoid deportation

 

Rebuilding After FCPA Purge, Panasonic Avionics Hires New Compliance Chief

 

India's data privacy draft bill is long due, analysts say

 

Product Features

The Complete Compliance and Ethics Manual — 2018

 

Workplace Investigations: Techniques and Strategies for Investigators and Compliance Officers

Ethics and Compliance on the Job | Learn more >

 

 

Subscribe to ethikos magazine to get the latest best practices written by and for the business ethics community | Learn more >

 

 

 

Tinder exec: I had to protect the company from my own story

On Aug. 16 CNN reported, “A lawsuit filed by ten current and former Tinder executives accuses former CEO Greg Blatt of groping and sexually harassing a vice president of the company. The suit also claims that Tinder's corporate parent did nothing about the incident because Blatt was a key figure in its plan to minimize Tinder's valuation and deny early employees billions of dollars in stock options. … In a statement to CNN, [Rosette] Pambakian said she felt conflicted about reporting the incident, because, as the head of communications since 2012, her job was to protect the company's reputation.”

 

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Gazprom Issued Request To Polish Watchdog To Stop Nord Stream 2 Antitrust Investigation

On Aug. 14, UrduPoint (Pakistan) reported, “Russian energy giant Gazprom has issued a notice of opposition to the Polish Office of Competition and Consumer Protection (UOKiK) with regard to the watchdog's position on the Nord Stream 2 gas pipeline project, as well as a request to stop the antitrust investigation against participants of the project, the company said in its Russian Accounting Standards report for the second quarter. In May, UOKiK initiated proceedings against Gazprom, France’s ENGIE, Austria’s OMV, UK-Denmark’s Royal Dutch Shell, and Germany’s Uniper and Wintershall over Nord Stream 2's financing, which allegedly violates Poland’s antitrust law. Gazprom was expected to provide a response by the end of May.”

 

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Royal Bank of Scotland pays $4.9 billion for crisis-era misconduct

On Aug. 14, Reuters reported, “Royal Bank of Scotland (RBS.L) will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the U.S. Justice Department said on Tuesday. The government alleges RBS misled investors in underwriting and issuing residential mortgage-backed securities, understating the risks behind many of the loans and providing inaccurate data. ‘Despite assurances by RBS to its investors, RBS’s deals were backed by mortgage loans with a high risk of default,’ Andrew E. Lelling, U.S. Attorney for the District of Massachusetts, said in a statement.”

 

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American Cable Association Urges Appeals Court to Reverse AT&T Antitrust Decision

On Aug. 14, Variety reported, “The American Cable Association, which represents small- and medium- sized cable providers, says that a district court judge erred in the way that he analyzed basic economic principles in ruling in favor of AT&T and Time Warner in the recent antitrust trial. U.S. District Court Judge Richard Leon’s decision allowed the two companies to complete their merger in June, but the Justice Department is appealing.”

 

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Argentina’s ex-president answers bribery allegations

On Aug. 13, Financial Times reported, “Cristina Fernández de Kirchner, the former president of Argentina, on Monday sought to paint herself as the victim of a conspiracy in the face of bribery allegations that have unsettled markets and led to comparisons with the corruption inquiry that has shaken Brazil. Ms Fernández de Kirchner called for the case to be abandoned in written testimony on the first day of her trial, and took to Twitter to denounce what she claimed was a conspiracy between Mauricio Macri, her successor, his media allies and Claudio Bonadio, the presiding judge. The former president, who ruled from 2007 to 2015 with a fiery brand of populism, is accused of leading a criminal ring that took bribes, at times through extortion, from construction companies in public works projects.”

 

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Keep bribes quiet for 10 years, FIFA won't punish you

On Aug. 13, AP reported, “FIFA has officially eradicated corruption. All it took was pressing the delete key. Soccer officials and players who bother checking out the new code of ethics governing their conduct will find the word "corruption" missing. They also will discover how to avoid being banned for paying and receiving bribes. Corruption was scrubbed as an official misdemeanor during secret meetings where executives executed the first overhaul of the code since a wave of scandals left soccer's governing body ‘clinically dead’ by 2015.”

 

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ICE agent gets 3 years for helping immigrants avoid deportation

On Aug. 13, Detroit Free Press reported, “An ICE agent was sentenced to three years in prison Monday for his role in an immigration bribery scheme, though his lawyer maintains he never betrayed the U.S. as prosecutors claimed and never took ‘a dime’ from anyone. ‘He never, ever sold out his country,’ defense attorney Art Weiss told the Free Press after the sentencing hearing. ‘I think the government painted him with too broad a brush ... He didn't get anything out of it.’ The defendant is Clifton Divers, 50, of Detroit, a former ICE agent accused of helping at least four immigrants avoid deportation by pretending they were informants assisting in federal criminal prosecutions.”

 

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Rebuilding After FCPA Purge, Panasonic Avionics Hires New Compliance Chief

On Aug. 13, Corporate Counsel reported, “Panasonic Avionics Corp., which remains under an independent monitor as part of an April bribery settlement with federal prosecutors, has appointed Catherine Razzano as vice president and chief compliance officer. … Panasonic promised compliance reforms plus a new CEO, COO, CFO and chief compliance officer in February 2017. In April 2018 the company ended a lengthy U.S. probe into its use of third-party agents in China and other parts of Asia under the Foreign Corrupt Practices Act.”

 

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India's data privacy draft bill is long due, analysts say

On Aug. 12, The National (India) reported, “India is looking at enforcing strict data privacy laws, which would have huge implications for the use of personal information by global technology giants such as Facebook and Google, as well as Indian companies. A committee led by retired Supreme Court judge BN Srikrishna at the end of July submitted a draft personal data protection bill to the government. Its recommendations include foreign technology firms storing data in India rather than overseas, setting up a regulatory body, and hefty penalties for those who fall foul of the law.”

 

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Product features

 

The Complete Compliance and Ethics Manual - 2018

The Complete Compliance and Ethics Manual — 2018

 

Learn More

 

 

Workplace Investigations: Techniques and Strategies for Investigators and Compliance Officers

Workplace Investigations: Techniques and Strategies for Investigators and Compliance Officers

 

Learn More

 

Join us for the Board Audit Committee Compliance Conference | Sept. 24-25 in Scottsdale | Buy one registration for $895, get one for only $595 | Learn More >Join us for the Board Audit Committee Compliance Conference | Sept. 24-25 in Scottsdale | Buy one registration for $895, get one for only $595 | Learn More >

 

 

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