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
MTS Systems Corporation said it has investigated possible violations of the FCPA and in January ‘presented the results of its investigation and its corrective actions to representatives of the Department of Justice and the SEC.’… Continue Reading
Two brokers affiliated with a New York firm were charged in federal court with paying at least $5 million in bribes to an official at a state-owned Venezuelan bank to win bond trading work.… Continue Reading
Ernst & Young’s 12th Global Fraud Survey has just been released, and the responses of 400 CFOs are spooky.
Before laying out some very bad facts, EY felt compelled to disclaim its own results.… Continue Reading
From Nepal, writer Shiva Aryal said:
… Continue Reading‘Corruption has badly affected our economic growth. . . More than 40 percent of the Nepali people are illiterate. Illiteracy prevents them from acting wisely.
Covidien’s chief Asia-Pacific compliance counsel Jessie Yap recently said most healthcare firms in Asia sponsor doctors to attend conferences, a practice Yap said influences purchasing decisions “significantly.”
“Often…instead of attending conferences, the doctors are actually taken sightseeing, gambling, and other unauthorized activities,” Yap said at an April anti-corruption forum in Sydney.… Continue Reading
A former consultant for pipeline contractor Willbros International Inc. was sentenced Friday for his role in a scheme to pay more than $6 million in bribes to government and political party officials in Nigeria.… Continue Reading
Oil field services company Weatherford International Ltd. said in its quarterly filing with the SEC Friday that it has ‘uncovered potential violations of U.S. law in connection with activities in several jurisdictions.’… Continue Reading
What is the cost of bribery and corruption? We’re seeing it played out daily in Bangladesh as each body is pulled out of the rubble of the Rana Plaza, where there are now more than 600 confirmed deaths in what has become the worst disaster for Bangladesh’s $20 billion-a-year garment industry.… Continue Reading
Today is Press Freedom Day, when the world celebrates the virtues of a free press and remembers that in so many countries, press freedom is just a dream.
Corruption needs dark corners to flourish.… Continue Reading
The head of Rolls-Royce’s aerospace division resigned Monday amid reports the company is close to resolving civil charges with the Serious Fraud Office for bribery in China, Indonesia, and other countries.… Continue Reading
Florida-based Harris Corporation said this week it has received a ‘formal order of investigation’ from the SEC relating to the operations of its Carefx subsidiary in China.
The SEC notified Harris of the stepped-up investigation on April 23, the company said.… Continue Reading
ethiXbase has introduced the latest update to its popular toolkit for compliance professionals, ethiXbase Monitor.
Monitor is already used by thousands of companies, law firms, regulators, and enforcement agencies to help them keep track of current and proposed legislation, enforcement actions, contagion risks, and expert publications from around the world.… Continue Reading