News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
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Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
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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
Jon Jordan, a friend of the FCPA Blog, has just published a new article in the Stanford Journal of Law, Business & Finance.
It discusses the adequate procedures defense under the UK Bribery Act and explores suggestions for a similar kind of compliance procedures defense under the FCPA.… Continue Reading
From the China Compliance Digest (Issue No. 21: June 25, 2012):
China’s State Internet Information Office recently declared authorities had pulled the plug on 89 websites claiming falsely to belong to charity organizations and government departments.… Continue Reading
Everywhere we live these days, governance problems — big, self-destructive, delusional, guaranteed-to-fail governance problems — are the talk of the town.
In Charlottesville, the University of Virginia just survived a ‘near death experience,’ as Rector Helen Dragas described it.… Continue Reading
It’s not a bribery case. But it showed how the profit motive can overwhelm a compliance program.
A Canadian subsidiary of United Technologies pleaded guilty today to violating the Arms Export Control Act and making false statements in connection with illegal exports to China.… Continue Reading
Officials of Malaysia’s ruling UMNO party, including Prime Minister Najib Razak, left, are denying there was corruption in connection with the $1.25 billion purchase of two submarines from France in 2002.… Continue Reading
In two prior posts we observed an awkward equivocation on the question of facilitation payments, both within the OECD generally and among the convention signatories. For a discussion of the OECD Convention’s strangely evasive verbiage, see here; for variations among individual signatories, see here.… Continue Reading
From the China Compliance Digest (Issue No. 21: June 25, 2012):
China Economic Weekly reported that in the last 12 years, 18,400 Chinese officials were caught trying to leave the country in order to escape prosecution on corruption charges.… Continue Reading
A man who lost his wife, daughter, and sister-in-law in the June 3 crash of a flight from Lagos to India blamed Nigeria’s ‘unbridled corruption’ for the crash. Safety regulations are ignored, he said, maintenance isn’t performed, and officials turn a blind eye.… Continue Reading
In recent SEC filings, French oil giant Total said it rejected ‘out-of-court settlement solutions’ with the DOJ and SEC that would end their longstanding FCPA investigations. And while Total said it is still talking with the agencies, it also said it’s free not to settle, ‘in which case it would be exposed to the risk of prosecution in the United States.’… Continue Reading
I. Declinations in the News-the Department of Justice responds to many commentators, including this one, and releases it first Declination; laying out the reasons why Morgan Stanley was not prosecuted, when its Managing Director Garth Peterson was, for violating the FCPA.… Continue Reading
Two executives from Montreal-based engineering firm SNC-Lavalin Group Inc were charged in a Toronto court Monday for bribing officials in Bangladesh.
Canada’s Corruption of Foreign Public Officials Act makes it an offense to directly or indirectly give or offer a loan, reward, advantage, or benefit of any kind to a foreign public official ‘in order to obtain or retain an advantage in the course of business.’… Continue Reading
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