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
The World Bank Wednesday announced the 18-month debarment of a Honduras-based engineering consulting firm for failing to disclose a conflict of interest in bid documents for a project in Honduras.
Consultores en Ingeniería S.A.… Continue Reading
The DOJ expects the risk-based approach to saturate compliance programs. It calls for risk-based training, risk-based due diligence, risk-tailored resource allocation, and even “risk-based and integrated processes” to deal with onboarded third parties, according to the Evaluation of Corporate Compliance Programs.… Continue Reading
This story comes from my compliance class. It’s the most powerful compliance lesson I taught.
“Tell me about a time when you cheated.”… Continue Reading
Albemarle Corporation agreed Friday to pay the DOJ and SEC $218 million in penalties and disgorgement to resolve FCPA offenses related to bribing government officials at state-owned oil refineries around the world. … Continue Reading
Texas-based media company Clear Channel Outdoor Holdings Inc. agreed to pay the SEC $26.1 million to resolve FCPA violations for bribing Chinese officials to buy outdoor advertising in China.… Continue Reading
I wrote recently about the multiple meanings of “de-risking” and how compliance professionals need to know all those meanings. That post triggered a comment that took me by surprise. An old friend, whose job is to teach law school students about compliance, told me there’s a similar problem with another familiar compliance-related phrase.… Continue Reading
Deputy Attorney General Lisa Monaco is speaking at the SCCE’s 2023 Compliance and Ethics Institute in Chicago next week. Will she be talking about standardized voluntary self-disclosure extensions for reducing FCPA risk in mergers and acquisitions?… Continue Reading
We received the following note from a contact at the U.S. State Department regarding the upcoming 4th Anti-Corruption Academic Symposium:… Continue Reading
I recently watched a documentary by a mainstream Middle-East-based news organization on Taliban rule in Afghanistan. It was given direct access to the so-called Taliban Palace and shadowed a Taliban spokesperson.… Continue Reading
There are now three Mastercard co-produced compliance training videos available to be licensed by corporations globally. All three videos have won prestigious Telly and Communicator Awards for Corporate Training and Communication.… Continue Reading
English words sometimes change their meanings. Bad, cool, wicked, sick, awesome, literally, and like have undergone recent semantic shifts. But it happens less often with professional lingo, so when it does, we need to pay attention.… Continue Reading
On September 1, U.S. national security adviser Jake Sullivan met with the three heads of Ukraine’s government anti-corruption institutions. The backdrop of the meeting was growing calls in the United States and elsewhere to limit military aid to Ukraine because of the wartime graft problem.… Continue Reading