Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Miranda warnings or their absence are rarely a factor in FCPA cases. Most individuals accused of FCPA violations take plea deals, and what happens procedurally before the plea probably doesn’t matter later.… Continue Reading
The U.S. Treasury Department has been eager to establish a corporate ownership registry in its battle against dirty money. Those who have read my articles before on public registries know I have doubts about their effectiveness.… Continue Reading
It’s tax season in America. For law-abiding citizens and residents, that means meticulously counting income and deductions. For the crooks out there, the IRS wants you to know: If you received a bribe, you need to report it as income.… Continue Reading
Earlier this month, telecom giant Ericsson agreed to resolve breaches of its 2019 FCPA DPA by paying $206.7 million in new penalties and pleading guilty to charges deferred by the DPA — one count of conspiracy to violate the FCPA anti-bribery provisions and one count of conspiracy to violate the internal controls and books and records provisions.… Continue Reading
Corsa Coal Corporation received a declination from the DOJ Monday despite its employees and agents violating the Foreign Corrupt Practices Act by a scheme to bribe Egyptian government officials to win contracts to supply coal to an Egyptian state company.… Continue Reading
Recently, the FBI has been waging a highly successful but little-known campaign against sophisticated fraudsters who leverage domestic bank wire transfers to steal millions of dollars from unsuspecting victims. This campaign is possible because of a small but impactful change to the Financial Fraud Kill Chain (FFKC), a tool which, surprisingly, the FBI has not heavily publicized.… Continue Reading
Roger Ng, a former managing director of Goldman Sachs, was sentenced Thursday to 10 years in prison for his role in the bribery and embezzlement scheme at Malaysian sovereign wealth fund 1MDB.… Continue Reading
The World Bank debarred a Kenyan engineering, procurement, and construction company Wednesday for fraudulent practices connected to a project in Uganda.… Continue Reading
Rio Tinto plc paid the SEC $15 million Monday to settle FCPA offenses related to a consultant hired to retain mining rights in Guinea.… Continue Reading
As the OECD Working Group on Bribery convenes its first 2023 meeting in Paris this week, we’d like to suggest an additional point on its important agenda: applying the OECD anti-bribery convention to major sporting organizations such as FIFA and the International Olympic Committee.… Continue Reading
Swedish telecom Ericsson agreed Thursday to pay $206 million to settle charges that it violated its deferred prosecution agreement that was part of the $1 billion settlement in 2019 related to global FCPA violations.… Continue Reading
There is perhaps no topic in compliance that causes more frustration and angst than ESG. How did we get here and where is it all going? Here are the big dilemmas with ESG as told by compliance pros.… Continue Reading
