• |

Jan. 15, 2025

BIT Mining’s Inability to Pay Nets a $10M Settlement Over Allegations of Bribery in Japan

  • Lori Tripoli
    Anti-Corruption Report
In late 2024, BIT Mining, Ltd. (BIT Mining) settled bribery allegations with the DOJ and the SEC reflecting the U.S. government’s willingness to pursue even financially challenged companies engaging in misconduct in foreign countries. Formerly a Shenzhen, China-based company known as 500.com, BIT Mining was accused of paying bribes to government officials in an effort to obtain a contract to develop a casino in Japan, a generally low-risk jurisdiction. This article unpacks the details of the deal and its implications for the compliance community at large. See “Whistleblower Protection and Compliance: A Comparative Study of the United States and Japan” (Jul. 31, 2024).

To read the full article

Continue reading your article with an ACR subscription.

Most-Read Articles

Spotlight on Trailblazing Women

To mark International Women’s Day 2024, women editors and reporters of ION Analytics interviewed outstanding women in the industries and jurisdictions we cover. In this part, Jill Abitbol, Managing Editor of the Cybersecurity Law Report and Anti-Corruption Report, features notable women in data privacy, cybersecurity, white collar defense, compliance and anti-corruption law, including Christina Montgomery, Leslie Shanklin, Palmina Fava, Alexandra Ross and Lucinda Low. Enjoy reading their inspiring remarks here.