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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

Faro Discloses Expected FCPA Resolution

Faro Technologies, Inc.’s third quarter disclosure describes a not-yet-effective deferred or non-prosecution agreement with the U.S. Department of Justice and the Securities and Exchange Commission.

In March 2006, Florida-based Faro — which designs, develops, and markets software and portable, computerized measurement devices — self-disclosed to prosecutors potential violations in China of the U.S.… Continue Reading

The Russia (Ware) House

It requires 54 procedures, takes 704 days, and costs 3,788% of annual per capita income to obtain the licenses and permits needed to build a warehouse in Moscow. So says the World Bank’s Doing Business 2008.… Continue Reading

Let’s Be Reasonable

It’s a material world — at least for auditors, public-company executives and securities lawyers. Material losses. Material misstatements and omissions. Material adverse changes. But wait. When it comes to the books and records provisions of the U.S.… Continue Reading

Malang, East Java Runs Amok

In a tie with Gambia, Togo and Russia, Indonesia ranks 143rd out of 179 on Transparency International’s Corruption Perception Index. That lowly score warns us to expect some world-class silliness when it comes to red tape, which always walks hand-in-hand with corruption.… Continue Reading

Victor Kozeny’s Extradition From the Bahamas Is Denied

The Bahamas News Online Edition (The Bahama Journal) reports today that the Supreme Court there has ruled against the extradition of Victor Kozeny (left). The ruling means Kozeny is no longer under arrest in the Bahamas, which had detained him at the request of the U.S.… Continue Reading

Panalpina’s Problems Keep Spreading

Schlumberger N.V., the world’s biggest oil and gas services company, is among the dozen or more firms in that industry being investigated in connection with Panalpina’s freight-forwarding and customs clearance practices.… Continue Reading

Ten Elements Of An Effective Compliance Program

The purpose of an “effective compliance program” is to prevent and detect criminal conduct. Why is this important? Because an organization that violates the U.S. Foreign Corrupt Practices Act but has an “effective compliance program” is eligible for a reduced sentence — by up to 95% of the statutory penalties.… Continue Reading

Counting Corruption

A friend from Nigeria, which appears on these pages for the wrong reasons all too often, visited us this week. He gives a face and a voice to the human cost of his country’s terrible twins, red tape and corruption.… Continue Reading

One Law,Two Parts

The question comes from Pune, India: Can a payment that is not a bribe – such as a facilitating payment – be the basis for a criminal violation of the U.S.… Continue Reading