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
Garth R. Peterson, a managing director in Morgan Stanley’s real estate investment and fund advisory business in China, pleaded guilty today to a one-count criminal information charging him with conspiring to evade internal accounting controls that Morgan Stanley was required to maintain under the FCPA.… Continue Reading
Samuel Rubenfeld at the Wall Street Journal reported the sentencing today of Juan Pablo Vasquez, a former executive at Latin Node Inc.
He received three years probation and a $7,500 fine after pleading guilty in January last year to conspiring to violate the FCPA.… Continue Reading
AlixPartners recently surveyed large multinationals about their compliance programs. Our goal was to better understand the ways in which companies are identifying and addressing corruption risk.
Some key findings:
From the ‘investigations’ index of ethiXbase, here is Walmart’s FCPA disclosure in its latest Form 10-Q:
______________
|
Company Name |
Walmart Stores, Inc. |
|
Filing Date |
Dec/08/2011 |
|
Investigating Entity |
Internal |
|
Notice Type |
Investigation |
Excerpt
During fiscal 2012, the Company began conducting a voluntary internal review of its policies, procedures and internal controls pertaining to its global anti-corruption compliance program.… Continue Reading
One foreign businessman was shot twice in the head by a “krysha” (bribe)-seeking Russian gang. The safety of his own children was threatened by a gang member waving photographs of them going to school, according to Tim Worstall in his Forbes article arguing for repeal of anti-bribery laws. … Continue Reading
The U.K. Bribery Act of 2010 has no facilitating payments exception. And after Wal-Mart de Mexico, I wonder if the FCPA won’t either.
On Tuesday, I wrote about the application of the facilitation payments exception to this case.… Continue Reading
