Financial Conduct Authority fines auditing firm for
failing to report fraud
In August 2024, an auditing firm was fined USD 19,500,000 (US
Dollars nineteen million five hundred thousand) by the Financial
Conduct Authority ("FCA") for failing to
report suspicions of fraud taking place at investment firm at
London Capital and Finance Plc. The fine marks the first time the
FCA has penalised an auditing firm.
U.S. Securities and Exchange Commission charges John
Deere for violation under Foreign Corrupt Practices Act violations
in bribery scheme
John Deere, agreed to pay nearly USD 10,000,000 (US Dollars ten
million) to resolve U.S. Securities and Exchange Commission
("SEC") charges that it violated the
Foreign Corrupt Practices Act ("FCPA")
arising out of a bribes paid by its wholly owned subsidiary in
Thailand. The Thai subsidiary had bribed Thai government officials
(including the Royal Thai Air Force, the Department of Highways,
and the Department of Rural
