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
We noted in the prior post that the OECD Convention is just a bit bashful on the question of facilitation payments. The text makes no mention of them, but the “Commentaries” provide that while some countries will prohibit them, in other countries criminalization “does not seem [] practical or effective.” … Continue Reading
Writing in today’s Wall Street Journal, Minxin Pei, left, a professor at Claremont McKenna College, said the Chinese government has grown softer on corruption since 2000.
About 2,500 communist party cadre are indicted for economic crimes every year, he said.… Continue Reading
Hughes Hubbard (a sponsor of the FCPA Blog) continues its tradition of providing an invaluable resource to the compliance community through publication of its FCPA / Anti-Bribery Alert. The latest version for Summer 2012 is now out and available here.… Continue Reading
I am one of those Africans who strongly believe that aid achieves very little of its intended objectives and fuels, among others, dependency and corruption. Dependency, of course, is a bad thing as it demotivates governments from developing local capacity.… Continue Reading
Reuters reported today that Paul Jennings, the former CEO of Innospec’s U.K. operations, pleaded guilty to corruption charges in a London court.
‘Jennings pleaded guilty to two counts of conspiracy to corrupt in relation to bribes paid in both Indonesia and Iraq,’ Reuters said.… Continue Reading
I’ve got a five-year-old daughter on a big synonym/antonym/homonym kick. If you don’t like talking about these things, you won’t like talking to her. But I love it, so let me give you a little quiz: in the FCPA context, are ‘ease’ and ‘facility’ antonyms or synonyms?… Continue Reading
Palo Alto-based Hewlett Packard Company’s latest Form 10-Q filed with the SEC on June 8 contained this FCPA disclosure:
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The German Public Prosecutor’s Office (“German PPO”) has been conducting an investigation into allegations that current and former employees of HP engaged in bribery, embezzlement and tax evasion relating to a transaction between Hewlett-Packard ISE GmbH in Germany, a former subsidiary of HP, and the General Prosecutor’s Office of the Russian Federation.… Continue Reading
Not everyone agrees that aid creates poverty. But we thought of the aid-to-poverty cycle this week.
A World Bank report said about $130 million in aid to the Somalia transitional government between 2009 and 2010 is missing.… Continue Reading
From the China Compliance Digest (Issue No. 18: June 4, 2012):
An editorial in People’s Daily urged the public to stop using the term “corruption” as a reflex explanation for society’s ills.… Continue Reading
In the world of international corruption, where deals are made off the books and behind closed doors, it can be difficult to figure out who is paying bribes and how much they are paying.… Continue Reading
A new report released by Transparency International Wednesday linked corruption in Europe with debt problems there. Greece, Spain, and Portugal were named as economies most threatened by graft and debt.
The Wall Street Journal quoted Finn Heinrich, TI’s research director, as saying: ‘The reasons for the [debt] crisis differ from country to country, but countries that are worst hit by the crisis are also those where corruption is most pervasive and where there’s a lack of integrity in the public system.’… Continue Reading
FCPA violations can only happen when people make bad decisions. How to keep that from happening is the subject of a stand-out article by Teresa Anderson in the current edition of Security Management Magazine.… Continue Reading
