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
Scandal-plagued SNC-Lavalin said Monday that 32 employees came forward with requests under its corporate amnesty program between June 3 and August 31.
The Montreal-based engineering and construction firm didn’t say how many of the employees who requested amnesty under the program received it.… Continue Reading
Four months ago, China’s anti-corruption czar Wang Qishan sent ten team across the country on surprise inspections. They uncovered graft nearly everywhere they went.
They found corruption in Chongqing, Inner Mongolia, Jiangxi, Hubei and Guizhou.… Continue Reading
The discussion of a Code for Compliance Officers highlights some of the strengths and weaknesses of the compliance profession.
Consider a situation familiar to COs summarized from readers’ comments:
“I see excellent, competent COs being pushed out of compliance by other COs.… Continue Reading
Even before last week’s siege of Nairobi’s Westgate mall had ended, Kenya’s rampant corruption was being blamed for making it easier for the Islamic militants to carry out the attack.
The Standard called on government leaders ‘to explain, at the very least, how more than a dozen foreign terrorists and their war matériel sneaked into the country without their knowledge.’… Continue Reading
Only 40 percent of Asia companies have anti-bribery policies in place, compared with a global average of 81 percent last year.
An EY survey polled 681 executives in China, Singapore, Australia, New Zealand, Indonesia, Vietnam, Malaysia and South Korea.… Continue Reading
Reporting corruption in Thailand just got easier with the roll out of a Thai version of a website and smartphone app.
Although a quarter of all Thais say they have to pay bribes at least once a year, the government’s Public Sector Anti-Corruption Commission (PACC) said it only receives about 4,000 complaints a year through its telephone hotline, website and walk-in center.… Continue Reading
Wen Qingliang, former head of Kunming Railway Bureau in Yunnan province has been charged by prosecutors for taking $3.3 million in bribes together with his mistress, surnamed Zhong. Wen allegedly helped Shanxi’s coal mine owners deliver coal using the railway system in return for bribes.… Continue Reading
Chicago alderman Ambrosio Medrano pleaded guilty to bribery this week, the third time he’s gone down for graft. Even in the Windy City, that’s an amazing record of sleaze.… Continue Reading
Myanmar’s opposition leader Aung San Suu Kyi spent the past four days in Singapore, meeting leaders, visiting schools, and putting some distance between herself and the city-state’s model of economic success.… Continue Reading
Former SNC-Lavalin executive Riadh Ben Aissa is being sent from Switzerland back to Canada to corruption charges.
Switzerland’s Federal Criminal Court ruled in favor of a request from Canada’s Department of Justice for Ben Aissa’s extradition.… Continue Reading
A senior executive from a major parts supplier of Toyota has been arrested in Japan for violating that country’s Unfair Competition Prevention Law.
Takehisa Terada, former senior managing director with Futaba Industrial Co.… Continue Reading
JP Morgan Chase is willing to pay up to $3 billion to settle a number of current U.S. investigations, including the FCPA probe of its hiring practices, according to a report Tuesday from the Wall Street Journal.… Continue Reading