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
This is the second of a multi-part series of thought pieces on the state of the suspension and debarment system in federal contracting. The first, “A Full Throated Defense of the Structure of the Suspension and Debarment System,” is here.… Continue Reading
It’s no secret that traditional newsrooms are hurting. But a new kind of journalism is rising — the open data movement.
Jeanne Bourgault of Internews has a story in Wired about a practice that’s reshaping the news.… Continue Reading
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
Alstom executive Frederic Pierucci pleaded guilty Monday to an FCPA conspiracy and to a substantive FCPA offense.
Charges against Pierucci, a French citizen who headed global sales for Paris-based Alstom, were unsealed in April.… Continue Reading
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
Ukraine 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
[Editor’s note: What follows is a reply to a recent letter from a reader in China.]
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Dear Compliance Officer,
You asked for advice about what is the job of a compliance officer?… Continue Reading
Brazilian aircraft maker Embraer SA said Friday its FCPA investigation is ongoing and it’s still too early to tell what impact there might be from the fall out.
The company received a subpoena from the SEC in 2010 relating to possible FCPA violations.… Continue Reading
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
China state media reported Friday that police have detained 18 more people in the growing bribery investigation of U.K. drug maker GlaxoSmithKline.
Those detained include company employees and medical personnel, according to a report by the Guardian.… Continue Reading
Here’s part of a dispatch Friday from the China Digital Times:
… Continue ReadingThe 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.
San Diego-based Qualcomm said this week it has discovered ‘instances in which special hiring consideration, gifts or other benefits . . . were provided to several individuals associated with Chinese state-owned companies or agencies.’… Continue Reading