Financial Crime Financial Crime

Former subsidiary of Clear Channel Outdoor bribed Chinese officials for contracts, blocked internal auditors, US SEC alleges

By Samuel Rubenfeld
  • 28 Sep 2023 23:10
  • 29 Sep 2023 00:20
A former subsidiary of advertising firm Clear Channel Outdoor Holdings bribed Chinese government officials and failed to properly document the payments despite repeated warnings from internal auditors, according to a settlement the Texas-based company reached with the US Securities and Exchange Commission.
Between 2012 and 2017, the Guangzhou, China-based subsidiary,

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Samuel Rubenfeld


Samuel Rubenfeld is a reporter covering cases of bribery and corruption and some international trade issues. Prior to joining MLex, he was editor of the Kharon Brief, a news and data analysis platform focused on global security issues, including sanctions and export controls. Earlier in his career, Rubenfeld spent about a decade at The Wall Street Journal, including nearly nine years as a reporter covering corporate risk and compliance concerns such as bribery, money laundering, sanctions, terrorist financing and whistleblowers.

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