News and commentary about white-collar crime, enforcement, and compliance
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
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
I recently had the opportunity to tour three manufacturing facilities in Europe — for aircraft, pharmaceuticals, and watches. While those might seem to have little in common, I found one strong common thread among them: the passion and precision of those individuals and teams who work at each site.… Continue Reading
If sanctions did what they were supposed to, they’d hit their targets hard, produce intended results, and come to an end. But that’s not happening.… Continue Reading
The newly enacted UK Economic Crime and Corporate Transparency Act (ECCTA) has introduced several new criminal offenses that are aimed directly at corporate and individual fraud, even introducing a new offense — failure to prevent fraud.… Continue Reading
Two British reinsurance brokers settled FCPA violations with the DOJ on Monday for bribes paid to officials at Ecuadorian state-owned insurance companies.… Continue Reading
The release on November 13 of the 12th Basel AML Index ranking of money laundering and terrorist financing risks in 152 jurisdictions takes a look at why risks are rising and what to make of the increased crypto scrutiny.… Continue Reading
Lifecore Biomedical, Inc., formerly known as Landec Corporation, received a declination with disgorgement Friday from the DOJ for FCPA violations in Mexico.… Continue Reading
Start with this: There were 8,000 public companies listed on U.S. exchanges 25 years ago, and now there are fewer than 4,000. Then ask: Who or what is to blame?
Commentators usually blame private equity.… Continue Reading
During World War Two, the Office of Strategic Services or OSS (which later became the Central Intelligence Agency) published a secret document called the Simple Sabotage Field Manual.… Continue Reading
According to some, we should fear private equity because it operates in secret and is therefore more dangerous to society than public money. Does the argument hold water when it comes to FCPA compliance?… Continue Reading
The Department of Justice published a new Opinion Procedure Release (23-02) related to a training events and logistical support company meeting a U.S. government task order as part of a contract that required it to provide logistical support for foreign government personnel.… Continue Reading
The lull in FCPA enforcement has greatly reduced the number of companies entering into pre-trial agreements, either deferred or non-prosecution agreements, plea agreements, or declinations with disgorgement. But there’s no detectable lull in federal criminal enforcement against companies for other offenses.… Continue Reading
Here’s a status report about three of the new FCPA-related investigations that companies have disclosed in 2023. The investigations involve Stryker Corporation, Azure Power Global Limited, and Stanley Black & Decker, Inc.… Continue Reading