Financial Regulations

RTX Corp Settles Fraud and Bribery Case with $950 Million Penalty
Policy & Legislation RTX Corp Settles Fraud and Bribery Case with $950 Million Penalty

RTX Corporation, formerly known as Raytheon Technologies, recently agreed to pay over $950 million to resolve a multitude of serious allegations. These accusations include fraudulent practices on government contracts and violations of international anti-bribery laws. Notably, this case underlines

How Can Liberia's NTA Recover From Severe Financial Mismanagement?
Economic & Fiscal How Can Liberia's NTA Recover From Severe Financial Mismanagement?

The Legislative Public Accounts Committee (PAC) recently held public hearings to delve into a report from the General Auditing Commission (GAC) concerning the National Transit Authority (NTA) of Liberia. Conducted between July 1, 2016, and June 30, 2018, the audit unearthed significant shortcomings

Will Nordic-Baltic Support Boost Moldova's EU Membership Ambitions?
Policy & Legislation Will Nordic-Baltic Support Boost Moldova's EU Membership Ambitions?

As Moldova gears up for its presidential elections and a crucial referendum on future relations with the European Union, set for October 20, 2024, it is poised at a significant crossroads. This exact juncture will see a diplomatic mission by the foreign ministers from Nordic-Baltic countries on

New Zealand's New AML/CFT Reforms Aim for Efficiency and Compliance
Economic & Fiscal New Zealand's New AML/CFT Reforms Aim for Efficiency and Compliance

New Zealand's recent announcement of its comprehensive Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) reform work programme heralds a significant shift in regulatory standards. Unveiled by Associate Justice Minister Nicole McKee on October 14, 2024, this ambitious initiative

Jackson County FD5 Faces Financial Woes After Almeda Fire's Impact
Public Services & Infrastructure Jackson County FD5 Faces Financial Woes After Almeda Fire's Impact

The devastation wrought by the 2020 Almeda Fire was a turning point for Jackson County Fire District No. 5 (FD5). The fire not only obliterated homes and businesses, but also destroyed the district's original firehouse, compelling a rebuild that would significantly test FD5's financial and

What Are the Future Challenges for Adult Social Care in England?
Public Services & Infrastructure What Are the Future Challenges for Adult Social Care in England?

The current state and future challenges of adult social care in England represent a significant policy issue, requiring in-depth analysis of financial, demographic, and policy factors. Recent government decisions have wide-reaching implications on the sector, highlighting the systematic

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