FCPA enforcement report for Q3 2020
Harry Cassin
October 1, 2020
During the third calendar quarter, there were three corporate FCPA enforcement actions with penalties and disgorgement totaling about $182.7 million.… Continue Reading
Editors
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
Job: Chief (Investigations Services Field Operations Section)
The FCPA Blog
September 30, 2020
Job Title: Chief (Investigations Services Field Operations Section)
Employer: UNICEF
Location: Budapest, Hungary… Continue Reading
At Large: It’s a tempting time to (mis)use the ‘facilitating payments’ exception
Richard L. Cassin
September 30, 2020
An excellent post on the FCPA Blog last week from Matthew McFillin and Amanda Rigby of KPMG talked about Covid-19-caused government shutdowns, and delays companies are experiencing obtaining permits, licenses, visas, and the like.… Continue Reading
Job: Deputy General Counsel, Chief Ethics & Compliance Officer
The FCPA Blog
September 29, 2020
Job Title: Deputy General Counsel, Chief Ethics & Compliance Officer
Employer: Facebook
Location: Menlo Park, California USA… Continue Reading
Why was $73 million ‘missing’ from this FCPA settlement?
Harry Cassin
September 29, 2020
Last week, Sargeant Marine agreed to pay the DOJ $16.6 million to settle FCPA charges that it bribed officials in multiple South American countries. The bribes it paid in Brazil alone helped the company and its trading affiliate win Petrobras contracts worth $185 million.… Continue Reading
Are ‘bug bounties’ the next big thing for compliance?
Harry Cassin
September 28, 2020
Most major technology companies have bug bounty programs, where independent researchers compete against the company to find security exploits or vulnerabilities. If a bug is found, confirmed, and patched, the researcher is eligible for monetary compensation.… Continue Reading
At Large: Will ‘compliance officer’ become a regulated profession?
Richard L. Cassin
September 24, 2020
Until now, compliance officers have stayed mostly under the government radar. They aren’t regulated or licensed, tested or monitored. Will that change? And if so, what might the next stage of life look like for the compliance profession?… Continue Reading
DOJ charges oil trader with FCPA and money laundering conspiracy
Richard L. Cassin
September 23, 2020
A federal grand jury in Brooklyn indicted an oil trader Tuesday for bribing officials in Ecuador.… Continue Reading
Florida company pays $16.6 million to resolve South America FCPA offenses
Harry Cassin
September 23, 2020
An asphalt company based in Boca Raton, Florida pleaded guilty Tuesday to conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act for a scheme to bribe officials in three South American countries.… Continue Reading
Resource Alert: Rewarding sales teams without putting the company at risk
The FCPA Blog
September 22, 2020
How should compliance leaders deal with the challenges of putting employees in the middle of competing corporate objectives — between the pressure to succeed and the pressure to comply?… Continue Reading
Job: Third Party Risk Analyst
The FCPA Blog
September 21, 2020
Job Title: Third Party Risk Analyst
Employer: Booz Allen Hamilton
Location: McLean, Virginia USA (Temporarily Remote)… Continue Reading
Compliance leaders are being forced to ‘do more with less.’ Here’s what it means
Matthew McFillin and Amanda Rigby
September 21, 2020
New compliance risks are emerging as a result of Covid-19. With new work patterns inside companies and outside, risk patterns have shifted. Yet many companies are furloughing or reducing staff dedicated to anti-bribery and anti-corruption functions, often in direct contrast to changing and rising compliance needs.… Continue Reading