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 SEC on Friday (September 28) filed a partially-settled civil injunctive action in federal court in Minnesota against Subramanian Krishnan, the former CFO of Digi International, Inc., alleging multiple offenses under the books and records and internal controls provisions of the FCPA.… Continue Reading
Enforcement is a greater deterrent, in my opinion, if directed at both corporations and individuals.
Here’s why.
While corporations are legal persons, they are typically incorporeal. They rely on natural persons (employees, agents or officers) to act on their behalf.… Continue Reading
Venezuela President Hugo Chavez (Photo courtesy of Wikipedia)In the run-up to Venezuela’s presidential election, opposition candidate Henrique Capriles’ aid and a National Assembly deputy, Juan Carlos Caldera, had to step down after a video was released showing him taking $9,300 from a blurry figure.… Continue Reading
This year’s fabled First Monday in October when the U.S. Supreme Court opens its new Term will be especially interesting for those of us who follow international business issues. The first case scheduled for oral argument in the new term is Kiobel v.… Continue Reading
The anti-corruption bureau of the Changping district procuratorate has begun to implement techniques for reading “micro-expressions” of corruption suspects during questioning.
To prepare themselves for the new interrogation style, the corruption-fighters reportedly completed more than a year of “theoretical work” in collaboration with the Legal Information Centre of the China University of Political Science and Law in Beijing.… Continue Reading
After the fanfare of the U.K.’s Bribery Act 2010, which was predicted to bring about a significant upswing in national and global anti-corruption enforcement, the Government has proceeded to cut the budget of the Serious Fraud Office (SFO), the main enforcement agency, from £50 million in 2008/9 to below £30 million for 2013/14.… Continue Reading
Company versus individual prosecution: which is effective in deterring overseas corruption? The answer is “both” and “neither.”
The problem of “overseas corruption” is not “overseas.” It’s in the corner office.
If a CEO and senior officers want to take on the management challenge of stopping bribery, the tools are readily available.… Continue Reading
India’s practice of blacklisting defense firms that engage in corrupt activity has sparked debate over whether the practice has affected the modernization of the world’s fourth largest army.
This year alone, the government blacklisted four foreign armament firms after a top military official confessed to accepting bribes.… Continue Reading
President Obama on Tuesday ordered enactment within six months of new federal regulations requiring strict compliance with the government’s zero-tolerance policy on human trafficking.
Anyone supplying goods or services to the government will have to comply by ensuring they don’t use misleading or fraudulent recruitment practices; charge recruitment fees; confiscate, hold, or conceal identity documents of any kind; or fail to pay repatriation costs for certain employees.… Continue Reading
The extra-territorial reach of the FCPA and its impact are perhaps no better evidenced than by the colossal fines paid by Siemens in 2008.
But what are European states doing to enforce their own national law and in particular the implementation the OECD Anti-Bribery Convention?… Continue Reading
At the September 2010 inauguration of the International Anti-Corruption Academy (IACA), U.N. Secretary General Ban Ki-moon said: “The launch of IACA is a milestone in the efforts of the international community to fight corruption.… Continue Reading