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Editors

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

China whistleblower alleges billion-dollar fraud

On July 17, Wang Wenzhi, chief correspondent at the Economic Information Daily, used his verified Weibo account to expose the Chairman of state-owned China Resources Holdings, also known as Huarun Group, for allegedly stealing state-owned assets worth billions of Yuan.… Continue Reading

With flashy pharma sweep, China steps into global enforcement role

Here’s a thoughtful comment from a U.S.-based compliance professional who asked not to be named:

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I think that as China continues to march to the largest economy in the world it is going to have increasing influence in the world in many areas.… Continue Reading

Job: Compliance Consultant

Job Title: Compliance Consultant

Employer: Wells Fargo

Location: West des Moines, Iowa

Job Scope: Wells Fargo’s Consumer Lending Group (CLG) is an industry leader in supporting homeowners and consumers. We put customers at the center of all that we do.… Continue Reading

Ukraine Enacts Sweeping New Anti-Corruption Legislation

Image courtesy of WikipediaUkraine has revamped its anti-corruption laws. The most significant aspect of the new legislation is the introduction (scheduled for September 2014) of corporate criminal liability for companies whose employees offer or pay bribes, directly or indirectly, to public officials or officers of private companies. … Continue Reading

The Smallest Commercial Bribe in History?

One of China’s anti-bribery laws is the Anti-Unfair Competition Law (AUCL). An offense involves the free functioning market competition that the AUCL was formulated to protect. 

Article 8 of the AUCL provides that: “a business operator shall not resort to bribery, by offering money or goods or by any other means, in selling or purchasing commodities.… Continue Reading

American detained in GSK probe

Here’s part of a dispatch Friday from the China Digital Times:

The scandal surrounding British pharmaceutical firm GlaxoSmithKline (GSK) in China has widened as a previously unnamed American citizen who has been detained has been identified as Yu Yingzheng, the wife and business partner of fraud investigator Peter Humphrey, who has also been detained.

Continue Reading