Skip to content

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

Tidewater’s Cool Deal

Tidewater Inc., one of about a dozen oil-and-gas-services companies dragged into FCPA compliance problems a few years ago by Swiss logistics giant Panalpina, said in its latest annual report that it expects a settlement soon with the SEC and possibly the DOJ.… Continue Reading

A Failure To Escalate

By Thomas Fox

At the recent Corporate Counsel Institute – Europe put on by the Georgetown University Law CLE program in London, participant Matthew King, Group Head of Internal Audit at HSBC, was interviewed by Project Counsel founder Gregory  Bufithis.… Continue Reading

The Billion Dollar Man

Jack Stanley: The most important cooperating witness in FCPA history. There’s never been a cooperating witness in FCPA history quite like him. A former corporate top gun, a global player, a captain of industry who once led the dark side and now sits with the prosecution, helping nail industry giants and along the way putting more than a billion dollars — a billion dollars — into the U.S.… Continue Reading

JGC Confirms DOJ Investigation

The fourth member of the TSKJ consortium — JGC Corporation of Japan — and the only one that hasn’t settled Foreign Corrupt Practices Act charges with the U.S. government, disclosed in its latest annual report that it’s in talks with the DOJ “about a potential resolution” of FCPA-related charges.… Continue Reading

Afghan Graft Doubles Since 2007

Anti-corruption NGO Integrity Watch Afghanistan said its latest survey shows that bribery in the country has doubled since 2007 and now costs Afghans about $1 billion a year.

One in seven Afghan adults pay bribes directly, and two thirds said their household was deprived of at least one public service due to corruption.… Continue Reading

Snamprogetti, ENI In $365 Million Settlement

Snamprogetti Netherlands B.V. and its parent company ENI S.p.A of Italy will pay $365 million to resolve FCPA-related charges for Snamprogetti’s role in the TSKJ-Nigeria joint venture.

Dutch-based Snamprogetti was charged by the DOJ in a criminal information with one count of conspiracy and one count of aiding and abetting violations of the FCPA.… Continue Reading

Bribes That Breach Security

Hologram on a 50-Euro bill.Last week Canadian authorities said they’ve charged Nazir Karigar, a Canadian citizen, with violating the Corruption of Foreign Public Officials Act. He allegedly bribed an Indian official to win a contract for his company.… Continue Reading

Former CCI Exec Extradited

The DOJ said today that Flavio Ricotti, an Italian citizen indicted in April 2009 with five other former executives of California-based valve-maker Control Components Inc. (CCI), has been extradited to the United States from Germany.… Continue Reading

Disclosing Compliance

Smith and Wesson, the most prominent company implicated in the Shot-Show prosecutions, disclosed last week that it’s being investigated by the DOJ and SEC for FCPA violations. The company said it has already spent $3.2 million in connection with the case.… Continue Reading

North Of The Border

The Canadian government appears to have jointed the World Cup of overseas antibribery enforcement. In May, authorities arrested a Canadian citizen in Ottawa under the Corruption of Foreign Public Officials Act.… Continue Reading

Enforcement Report For Q2 ’10

The first quarter of 2010 was the busiest ever for FCPA-related enforcement. This past quarter was one of the quietest for new enforcement actions, with just one from the DOJ and three from the SEC.… Continue Reading