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 former director of worldwide sales for Control Components Inc., Paul Cosgrove, pleaded guilty on Tuesday to violating the Foreign Corrupt Practices Act.
Cosgrove, 65, of Laguna Niguel, California, entered his plea to a one-count superseding information charging him with making a corrupt payment to a foreign government official in China in violation of the FCPA.… Continue Reading
There’s a reason why you don’t see many of the biggest U.S.-based government contractors on the FCPA top ten list (e.g., Lockheed, General Dynamics, Raytheon, Northrup, Boeing, etc.). Not that they didn’t struggle with compliance during the early years of enforcement, but they moved quickly to update their compliance and ethics programs once they saw the tide of FCPA enforcement turning.… Continue Reading
As reported previously, in February 2011, China enacted an amendment to its Criminal Law that criminalized paying bribes to non-Chinese government officials and officials of international organizations (“the Amendment”).
The Amendment, which took effect in May 2011, reads:
… Continue ReadingWhoever, for the purpose of seeking illegitimate commercial benefit, gives property to any foreign public official or official of an international public organization, shall be punished in accordance with the provisions of the preceding paragraph [i.e.,
Nearly half of Vietnam’s companies said they have had to bribe officials in order to do business, according to a survey released last month by the Vietnam Chamber of Commerce and Industry.… Continue Reading